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2024-05-15 09:06:05
Europe
Automotive
Business

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

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.

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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.
VnExpress English
15. Mai 2024 um 08:07

US hikes tariffs on Chinese EVs to over 100%

Economy
Politics
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.
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.
Business | The Guardian
15. Mai 2024 um 02:23

What’s behind the US tariffs on Chinese EVs and what do they mean for Biden’s re-election chances?

Politics
Economy
US President Joe Biden has imposed tariffs on Chinese imports, including a 100% tariff on Chinese-made electric vehicles, as part of efforts to protect American jobs and industries. The tariffs aim to prevent the dumping of cheap, subsidised Chinese goods that could undercut US government investments in key manufacturing sectors. The move is seen as a preventive measure to stop China from flooding the US market with surplus products.
Saturday5/18/2024
10:09:44 AMCW 20

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