2024-05-15 15:07:12
Impact of United States Quadrupling Tariffs on Chinese Imports
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World - South China Morning Post
EU feels heat from all sides as decision on Chinese EV duties looms
Politics
Economy
The European Union (EU) is under pressure to make a decision on whether to impose provisional duties on electric vehicles (EVs) made in China, as a June 5 deadline approaches. EU investigators have gathered evidence of subsidies in the Chinese EV sector that have distorted the European market. Pressure from the US, including President Joe Biden's plan to impose import tariffs on Chinese EVs, is seen as a way to push the EU to take action.
New York Times - Technology
Few Chinese Electric Cars Are Sold in U.S., but Industry Fears a Flood
Politics
Economy
The Biden administration imposed new tariffs on Chinese electric vehicles, although few of these cars are currently sold in the United States. The decision reflects concerns within the American automotive industry about China's potential to flood the market with cheap electric vehicles. American automakers support the tariffs to protect investments and promote competitiveness in the industry.
Tagesschau - Wirtschaft und Börsen-Nachrichten
Chinese Imports Trade and Politics Warn EU against Tariff Increase
Politics
Economy
The Foreign Trade Association warns against an EU tariff increase on Chinese imports, as this could lead to possible countermeasures and higher prices. The higher tariffs imposed by the US on Chinese imports are said by the US government to protect the domestic economy and counter unfair competition from China. Federal Minister of Transport Wissing also warns against a trade war through punitive tariffs and argues for international trade with fair competition rules.
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