2024-05-14 20:05:41

Punitive Tariffs on Chinese Electric Vehicles Impede Global Expansion Plans

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The Biden administration's punitive tariffs on Chinese-made electric vehicles (EVs) are likely to deter Chinese manufacturers such as BYD and Leapmotor from expanding their sales in the US, hindering their global expansion plans. The US market plays a crucial role in the global automotive industry, and without strong sales in the US, Chinese EV makers will face challenges in building brand awareness worldwide.

Additionally, Chinese EV manufacturers are anticipating difficulties in Europe due to the European Commission's investigation into Beijing's subsidies for carmakers. These tariffs aim to protect US manufacturers and workers, create a level playing field, and address trade tensions with China.

The impact of these tariffs is currently limited as Chinese EVs have already been excluded from the US market by previous tariffs imposed by former President Donald Trump. However, the new tariffs on Chinese imports, including EVs, semiconductors, solar cells, and batteries, could have broader implications for trade relationships between the US and China.

Investor Relations - South China Morning Post
14. Mai 2024 um 06:35

Punitive tariffs on Made in China EVs likely to restrain BYD, Leapmotor and peers from US market, hurt go-global plans | South China Morning Post

Politics
Economy
Punitive tariffs on Chinese-made electric vehicles (EV) by the Biden administration are likely to deter BYD, Zhejiang Leapmotor, and other local peers from pushing their sales in the US, hindering their global expansion plans. The US market is crucial for the global automotive industry, and without strong sales in the US, Chinese EV assemblers will face challenges in building brand awareness worldwide. Chinese EV makers are also bracing themselves for another blow in Europe due to the European..
New York Times - Business
14. Mai 2024 um 19:54

Biden Will Raise Tariffs on Chinese Electric Vehicles, Chips and Other Goods

Politics
Technology
Economy
Finance
President Biden announced an increase in tariffs on Chinese imports, including electric vehicles, solar cells, semiconductors, and advanced batteries, to protect American industries from unfair competition. He also endorsed maintaining tariffs on over $300 billion worth of Chinese goods implemented by the previous administration. The move reflects Biden's tough-on-China stance and aims to focus on strategic sectors like clean energy and semiconductors.
New York Times - Business
14. Mai 2024 um 18:22

How China Rose to Lead the World in Cars and Solar Panels

Politics
Economy
China has become a dominant player in various industries, producing a third of the world's manufactured goods and maintaining a significant trade surplus. President Biden is expected to increase tariffs on Chinese imports of electric cars and solar panels. China's economic strategy involves heavy lending to key manufacturing sectors to boost the economy.
The Guardian
14. Mai 2024 um 09:00

Biden announces 100% tariff on Chinese-made electric vehicles

Politics
Economy
Technology
Finance
US President Joe Biden announces a 100% tariff on Chinese-made electric vehicles as part of measures to protect US manufacturers from cheap imports. The tariff increase applies to EVs, lithium batteries, critical minerals, solar cells, semiconductors, steel, aluminium, and personal protective equipment.
n-tv.de
14. Mai 2024 um 09:03

Auch Schranken bei anderen Waren: Biden schraubt US-Zölle für E-Autos aus China auf 100 Prozent

Wirtschaft
Politik
US-Präsident Joe Biden erhöht die Einfuhrzölle für Elektroautos aus China auf 100 Prozent. Auch für Solarzellen, Chips und andere Waren werden die Zölle angehoben. Die US-Regierung wirft China vor, die globalen Märkte mit künstlich verbilligten Exporten zu überfluten und den fairer Wettbewerb zu gefährden.
CW

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