2024-05-15 09:12:34

US Tariffs on Chinese EVs and Other Goods: Impact on Trade Relations and Domestic Manufacturing

Image used under license from Shutterstock.com

The Biden administration has escalated tariffs on key goods from China, including EVs, batteries, solar cells, and computer chips, to promote fair trade practices and bolster domestic manufacturing. With tariffs hitting sectors like steel, aluminum, and critical minerals, the move seeks to address trade disputes with China and prevent the influx of subsidized goods.

Despite concerns over potential market flooding by China, the tariffs aim to protect American industries and jobs, reflecting a broader strategy to safeguard economic interests and enhance competitiveness. The impact of these tariffs extends beyond the US, pressuring the EU to consider similar measures on Chinese EVs amid growing global trade tensions.

The Verge
14. Mai 2024 um 14:30

US to raise tariffs on EVs, batteries, solar cells, and computer chips from China

Technology
Politics
Environment
Finance
The Biden administration announced higher tariffs on key goods from China, targeting clean energy technologies and critical minerals to encourage fair trade practices. The increased tariffs will impact various sectors including steel, aluminum, semiconductors, EVs, batteries, solar cells, and critical minerals. The move aims to ramp up domestic manufacturing and address trade tensions with China.
Kinh doanh - VnExpress
15. Mai 2024 um 00:56

China Threatens Retaliation to US Tariff Increase on $18 Billion of Goods

Politics
Economy
China has called on the US to revoke its decision to increase tariffs on $18 billion worth of Chinese goods, threatening to take measures to protect its interests. The US announced a significant increase in tariffs on various imports from China, including electric vehicles, computer chips, and medical products. China has voiced its opposition and demanded that the US rectify its actions and cancel the additional tariffs.
World - South China Morning Post
15. Mai 2024 um 04:00

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
15. Mai 2024 um 04:00

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.
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