2024-05-14 15:05:23

Punitive Tariffs on Chinese EVs Restrict Global Expansion and Trade Tensions with US

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The Biden administration's implementation of punitive tariffs on Chinese-made electric vehicles (EVs) is likely to hinder the global expansion plans of Chinese EV manufacturers like BYD and Leapmotor, as it deters them from entering the US market.

This move is expected to impact their brand awareness and sales worldwide. The European Commission's probe into Beijing's subsidies for carmakers adds to the challenges faced by Chinese EV makers in Europe.

The US tariffs aim to create a level playing field for US automakers and address unfair trade practices, leading to escalating trade tensions between the US and China. Stellantis, the owner of Vauxhall, plans to sell Chinese EVs in Europe, criticizing Biden's tariffs and capitalizing on the presence of Chinese car manufacturers in Europe.

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..
Tagesschau - Wirtschaft und Börsen-Nachrichten
14. Mai 2024 um 12:10

Foreign Trade USA increases tariffs on Chinese electric cars significantly

Economy
Politics
Finance
The USA is massively increasing import duties for Chinese electric cars, semiconductors, and solar cells, as they accuse China of flooding the markets with artificially cheapened products. According to US President Joe Biden, the increased Chinese electric car exports threaten investments in other countries. China responds with criticism to the tariff increase, mainly seeing it as a campaign maneuver by Biden.
The Guardian
14. Mai 2024 um 10:32

First Thing: Biden announces 100% tariff on Chinese-made electric vehicles

Politics
Economy
US President Joe Biden has announced a 100% tariff on Chinese-made electric vehicles (EVs) in an effort to protect US manufacturers from cheap imports. This move is expected to escalate trade tensions between the US and China and could lead to retaliation from Beijing. However, the impact of the tariff is currently limited as Chinese EVs have already been excluded from the US market by previous tariffs imposed by former President Donald Trump.
Kinh doanh - VnExpress
14. Mai 2024 um 12:49

US imposes over 100% tariffs on Chinese electric cars

Economy
Politics
The Biden administration has announced an increase in tariffs on Chinese electric cars by over 100% to prevent cheap imports flooding the US market. The decision is based on Section 301 of the 1974 Trade Act, which allows the government to retaliate against trade activities deemed unfair or violating global standards. The move aims to create a level playing field for US automakers and workers.
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