2024-05-14 20:00:05

Implications of Tariffs on Chinese Electric Vehicles for Global Trade

The escalating trade tensions between the European Union, United States, and China over tariffs on Chinese electric vehicles (EVs) are poised to have far-reaching consequences. While the EU's move to impose tariffs aims to protect its auto industry, it may hinder the transition to low-emission vehicles and provoke retaliatory actions from China, potentially disrupting global supply chains.

President Biden's decision to increase tariffs on Chinese EVs in the US further intensifies the trade conflict, with implications for industry competitiveness and consumer prices. These developments underscore the complexities of balancing protectionism with free trade principles in the evolving global economic landscape.

News - South China Morning Post
13. Mai 2024 um 12:30

Opinion | EU will lose more than it gains by raising tariffs on Chinese EVs | South China Morning Post

Politics
Economy
The European Union's plan to impose additional tariffs on Chinese electric vehicles (EVs) could have unintended consequences that outweigh the benefits. While the tariffs are seen as necessary to protect Europe's automobile industry, they may slow down the EU's transition to low-emission vehicles and invite retaliatory measures from China. The move could also tarnish the EU's image as an advocate of free trade and undermine the multilateral trading system.
EURACTIV.de
14. Mai 2024 um 15:14

US tariffs on China: Fear of 'collateral damage' in Europe

Politics
Economy
The announced US tariffs on Chinese products are causing concern in Europe, especially regarding possible impacts on European supply chains. There is a fear that an increased number of Chinese electric cars and other products could enter the EU.
DER SPIEGEL
14. Mai 2024 um 17:57

Surcharge for electric vehicles from China: 'The punitive tariffs are a disaster for the German automotive industry' - DER SPIEGEL

Politics
President Biden is planning drastic measures to lock Chinese electric cars out of the USA. Automotive expert Ferdinand Dudenhöffer warns that this could be a disaster for the German automotive industry.
China - South China Morning Post
14. Mai 2024 um 17:55

Biden says new China tariffs are needed to protect US industries from companies subsidised by Beijing

Politics
Economy
US President Joe Biden announced new tariffs on Chinese electric vehicles, semiconductors, aluminium, steel, and other imported products, accusing Beijing of unfair trade practices. Biden criticized his predecessor, Donald Trump, for failing to follow through on promises to address the trade imbalance with China. The tariffs would increase on Chinese EVs, semiconductors, and solar cells, and Biden emphasized the importance of domestic manufacturing and union workers in the production of electric..
CW

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