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US Quadruples Tariffs on Chinese Imports, Including EVs and ...
2024-05-14 20:03:42

US Quadruples Tariffs on Chinese Imports, Including EVs and Chips

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The Biden administration has announced a significant increase in tariffs on Chinese imports, including electric vehicles (EVs), chips, solar panels, and other goods. The aim is to protect US industries from unfair trade practices and encourage domestic manufacturing.

The increased tariffs will impact imports worth $18 billion from China, covering sectors like steel, aluminum, semiconductors, batteries, and critical minerals. China has criticized the move, seeing it as a campaign maneuver by President Biden.

The tariffs on EVs and other products are expected to escalate trade tensions between the US and China, potentially leading to retaliatory measures.

Related news on that topic:

Punitive Tariffs on Chinese EVs Restrict Global Expansion and ... with US

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.

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.

Read 19 more recent news on this topic

The press radar on this topic:

EL PAÍS
14. Mai 2024 um 12:13

United States quadruples tariffs on imports of chips and electric vehicles from China

Economy
Politics
Technology
The Joe Biden administration is quadrupling tariffs on imports of electric vehicles and other products from China, such as photovoltaic panels, semiconductors, and port cranes, with the aim of protecting the US industry and combating China's unfair trade practices. These measures are expected to affect imports from China worth a total of $18 billion. In addition, the United States will also increase tariffs on lithium-ion batteries, solar panels, and other Chinese products in the coming years.
Thế giới - VnExpress
14. Mai 2024 um 12:15

US Increases Tariffs on $18 Billion Worth of Goods from China

Politics
Economy
The US has announced an increase in tariffs on electric vehicles, chips, and a range of other goods from China, while maintaining the tariffs imposed by the previous administration. President Joe Biden has significantly increased tariffs on various imported goods from China, including electric vehicles, computer chips, and medical products, with electric vehicle tariffs quadrupling and exceeding 100%. These new tariffs will affect $18 billion worth of imported goods from China, including steel,..
Thế giới - VnExpress
14. Mai 2024 um 12:15

US Increases Tariffs on $18 Billion of Chinese Goods

Economy
Politics
The US has announced an increase in tariffs on electric vehicles, chips, and other goods from China, while maintaining the existing tariffs imposed by the previous administration. The new tariffs will affect $18 billion worth of imported goods from China, including steel, aluminum, semiconductors, batteries, solar panels, and gantry cranes. President Biden also retains the tariffs on $300 billion worth of Chinese products imposed by former President Trump.
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.
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