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USA Increases Tariffs on Chinese Electric Cars: A Trade Dispute ...
2024-05-15 09:06:05

USA Increases Tariffs on Chinese Electric Cars: A Trade Dispute Unfolds

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Amid escalating tensions in the trade sector, the USA has significantly raised tariffs on Chinese electric cars, semiconductors, and solar cells, citing unfair trade practices by China. President Joe Biden criticized Chinese subsidies, while China denounced the move as bullying.

Despite the relatively low sales of Chinese electric cars in the U.S., concerns linger about a potential market flood. The tariffs are part of efforts to safeguard American industries and investments, with China threatening retaliatory measures.

The trade conflict also warns the EU against similar tariff actions on Chinese goods, reflecting global implications of the dispute.

Related news on that topic:

US Raises Tariffs on EVs, Batteries, Solar Cells, and Computer ... from China

The Biden administration has announced higher tariffs on key goods from China, including electric vehicles, batteries, solar cells, and computer chips. The move aims to encourage fair trade practices and ramp up domestic manufacturing. The increased tariffs will impact various sectors, such as steel, aluminum, and critical minerals. President Biden's tough-on-China stance reflects his commitment to protecting American industries from unfair competition. The tariffs are part of efforts to address trade tensions and create a level playing field for US manufacturers. While there may be concerns about the potential impact on consumer prices and international supply chains, the focus remains on promoting industry growth and strategic sectors like clean energy and semiconductors.

US Quadruples Tariffs on Chinese Imports: Impact on EVs and ... Strategic Industries

The United States, under President Joe Biden's administration, is significantly increasing tariffs on various Chinese imports like electric vehicles, semiconductors, and solar panels, to safeguard American industries and counter China's unfair trade practices. The move aims to protect strategic sectors such as clean energy and semiconductor production, with tariffs expected to cover imports worth $18 billion. China has threatened retaliation, calling for the US to reverse the decision, while Biden's stance reflects a tough-on-China approach to prevent the flooding of the US market with surplus goods. The European Union is also feeling pressure to address Chinese EV subsidies following Biden's tariff plans, signaling a broader global impact of these trade measures.

Read 23 more recent news on this topic

The press radar on this topic:

Wirtschaft und Börsen-Nachrichten
14. Mai 2024 um 12:10

Foreign Trade USA increases tariffs on Chinese electric cars significantly

Economy
Politics
Finance
The USA is massively increasing import duties for Chinese electric cars, semiconductors, and solar cells, as they accuse China of flooding the markets with artificially cheapened products. According to US President Joe Biden, the increased Chinese electric car exports threaten investments in other countries. China responds with criticism to the tariff increase, mainly seeing it as a campaign maneuver by Biden.
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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