2024-05-14 20:00:05
Implications of Tariffs on Chinese Electric Vehicles for Global Trade
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News - South China Morning Post
Politics
Economy
The European Union's plan to impose additional tariffs on Chinese electric vehicles (EVs) could have unintended consequences that outweigh the benefits. While the tariffs are seen as necessary to protect Europe's automobile industry, they may slow down the EU's transition to low-emission vehicles and invite retaliatory measures from China. The move could also tarnish the EU's image as an advocate of free trade and undermine the multilateral trading system.
DER SPIEGEL
USA: Joe Biden increases tariffs for electric cars from China to 100 percent - DER SPIEGEL
Politics
Economy
The US government has drastically increased tariffs on Chinese products such as electric cars, solar cells, and medical supplies. President Joe Biden aims to make the competition with China fairer as Chinese manufacturers benefit from unfair subsidies. China has reacted sharply to the new tariffs, accusing the US of engaging in election maneuvers.
EURACTIV.de
US tariffs on China: Fear of 'collateral damage' in Europe
Politics
Economy
The announced US tariffs on Chinese products are causing concern in Europe, especially regarding possible impacts on European supply chains. There is a fear that an increased number of Chinese electric cars and other products could enter the EU.
Yahoo News
How Biden's new tariffs on Chinese imports may hit your wallet
Politics
Economy
President Biden plans to increase tariffs on $18 billion worth of annual Chinese imports, including electric vehicles, semiconductors, and solar cells. The aim is to address unfair trade practices and promote industry growth in the US. While the immediate impact on consumers may be limited, it could restrict access to cheaper Chinese-made goods in the future.
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