The tariffs align with U.S. efforts to get ahead of China in clean energy and advanced technology manufacturing, while also increasing supply chain control.
WASHINGTON >> President Joe Biden is set to announce new China tariffs this week targeting strategic sectors, including a major hike in levies on electric vehicles, according to three people familiar with the matter.
The United States is expected to impose new tariffs on China’s exports of products in key industries this week as the Biden administration seeks to weaken the country’s flood of goods into the West. And the restrictions are coming for one product in particular: cars. The new tariffs will most affect China’s automakers, which have been rapidly increasing their investments in electric vehicles and associated industries, like batteries. The total tariff on Chinese EVs will be 102.5%, Bloomberg...
The White House is set to announce new China tariffs as soon as next week, with a levy on electric vehicles and other clean energy goods. The full announcement is expected on Tuesday and will target solar goods, critical minerals, and batteries from China, according to reporting from the Wall Street Journal. The Biden administration […]
China is likely to retaliate against the move by President Joe Biden's administration to impose new tariffs on electric vehicles from China, says Wedbush's analyst Dan Ives. The Wall Street Journal reported on Friday that the White House is set to increase tariffs on China EVs from about 25% to roughly 100%, alongside an extra 2.5% duty on all imported cars into the US. The tariffs will also hit other sectors, including solar goods and minerals, according to the Journal. "Retaliatory definitely...
As President Joe Biden announces new United States tariffs on several Chinese products, including Electric Vehicles (EVs), China-based corporations may evade those tariffs by rerouting production through other countries.
The tariffs on a wide range of vehicles would reduce competition as Chinese products are effectively pushed out of the U.S. market.
Today, as expected the Biden administration announced major new tariffs on Chinese made electric vehicles as well as Chinese sourced batteries.
President Joe Biden’s administration is poised to unveil a sweeping decision on China tariffs as soon as next week, one that’s expected to target key strategic sectors while rejecting the across-the-board hikes sought by Donald Trump, people familiar with the matter said.
U.S. President Joe Biden slapped major new tariffs on Chinese electric vehicles, advanced batteries, solar cells, steel, aluminum and medical equipment on Tuesday, taking potshots at Donald Trump along the way as he embraced a strategy that's increasing friction between the world's two largest economies. The Democratic president said that
By Beiyi Seow The United States is hiking tariffs on US$18 billion worth of imports from China, targeting strategic sectors like electric vehicles, batteries, steel and critical minerals, the White House said Tuesday. The decision comes as President Joe Biden gears up for a re-run of his 2020 contest with Republican rival Donald Trump in […]
An American PPE manufacturer told Breitbart News that the Biden administration's tariffs on Chinese-made PPE are too little, too late.