As of May 14th the US has increased tariffs on Chinese EV's to 100% sighting that this was necessary to protect automakers in America. Contrary to what one might think - most automotive leaders including Elon Musk have spoken out against these tariffs saying they would hinder how global markets naturally should operate. With unrest amongst the worlds super powers even heavy hitters like Warren Buffet have divested shares in Chinas largest EV automaker BYD.
Sources:
https://www.reuters.com/business/auto...
https://markets.businessinsider.com/n...