Search results
Results From The WOW.Com Content Network
The big headline from President Biden’s new tariffs on Chinese goods announced Tuesday was the massive hit to electric vehicles made in China.. New duties on EVs from companies like BYD ...
WASHINGTON (Reuters) -Some of the steep U.S. tariff increases on an array of Chinese imports, including electric vehicles and their batteries, computer chips and medical products, will take effect ...
The long-awaited tariff update comes after a number of lawmakers have called for massive hikes on Chinese vehicle tariffs. There are relatively few Chinese-made light duty vehicles being imported now.
That’s because the US already imports a relatively small amount of electric vehicles from China. Since 2018, Chinese electric vehicle imports have increased from $7.2 million to $388.8 million ...
Under the White House action, tariffs on EVs from China will quadruple, from 25% to 100% this year. There are currently very few EVs from China in the U.S., but the Biden administration and U.S. automakers worry that low-priced, heavily subsidized EVs could soon flood the U.S. market. China’s global exports of EVs grew by 70% from 2022 to 2023.
New tariffs on Chinese electric vehicles and batteries, solar cells, medical equipment and other goods are intended to protect U.S. jobs and manufacturers. The tariffs will be phased in over the ...
(Reuters) -The Biden administration on Friday locked in steep tariff hikes on Chinese imports, including a 100% duty on electric vehicles, to strengthen protections for strategic domestic ...
Zhong Shan, the Chinese Ministry of Commerce said, "With regard to the wrong measures taken by the United States, China will work with other W.T.O. members to resolutely defend our legitimate interests." [61] In 2022, President Biden extended the now 15% tariff on solar panels another four years. [62]