The rise of Chinese EVs is dividing the West

The U.S. is closing its borders to Chinese EVs before they even launch. The Biden administration last month raised the total tariff rate to 102.5% on Chinese EVs, despite extremely low imports. Canada, whose car industry is tightly integrated with the U.S., is considering new tariffs too, Bloomberg reported on Friday. In case sky-high import duties don't keep Chinese EVs away—for example if they are built in Mexico to benefit from the country's free-trade agreement with the U.S. and Canada—Washington also launched an investigation in February to assess their security risks. This could be an even more potent blocking tool….