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2024-05-15 15:17:41

US Tariffs on Chinese EVs and Goods: Impacts and Global Repercussions

The recent announcement by the Biden administration to increase tariffs on Chinese electric vehicles, batteries, solar cells, and computer chips is aimed at promoting fair trade practices and boosting domestic manufacturing. This move is part of broader efforts to address trade tensions with China.

The tariff hikes on essential goods could trigger retaliatory actions from Europe and lead to a reshuffling of industries in China. While the immediate impact on affected sectors may be limited, the move signifies a shift in global trade dynamics and highlights concerns over China's industrial practices.

The EU is also facing pressure to impose duties on Chinese EVs, reflecting a broader international response to China's trade policies.

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The Verge - All Posts
14. Mai 2024 um 14:30

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

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.
China Economy - South China Morning Post
15. Mai 2024 um 13:00

US tariffs on China: what’s the real impact, and what could happen next?

US President Joe Biden's latest tariff increases on Chinese electric vehicles (EVs) and other goods may trigger similar actions from Europe and pace up a reshuffle of crowded industries inside China. China is under threat of collective duties from the West amid concerns of industrial overcapacity. The proposed tariffs on Chinese EVs and other products could have a psychological impact and encourage others to follow suit, even though the immediate damage to affected sectors may be limited.
VnExpress English
15. Mai 2024 um 08:07

US hikes tariffs on Chinese EVs to over 100%

The U.S. has increased tariffs on Chinese electric vehicles to 102.5% this year, up from 27.5%, as part of a trade review with China under Section 301. President Biden criticized Chinese subsidies and unfair trade practices, while the Chinese government condemned the tariffs as bullying and vowed to defend its rights.
Kinh doanh - VnExpress
15. Mai 2024 um 07:24

What will happen to the US economy when Biden imposes additional taxes on Chinese goods

The new tariffs imposed by President Biden on a range of Chinese products may not have a significant impact on the US GDP, inflation, and interest rates, but they will freeze the US-China economic relations for a long time. While import tariffs have been seen as a way to protect and develop domestic industries, economic studies and history have shown that the economic effects of these tariffs often do not meet expectations. The latest round of tariffs imposed by the US on China, announced by President Biden, will affect approximately $18 billion worth of goods, including electric cars, lithium-ion batteries, solar energy products, steel, aluminum, and medical equipment.
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