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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.
There currently are very few EVs from China in the U.S., but officials worry that low-priced models could soon start flooding the U.S. market, even with a 25% tariff.
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.
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 ...
The U.S. Trade Representative's said that many of the tariffs, including a 100% duty on Chinese EVs, 50% on solar cells and 25% on steel, aluminum, EV batteries and key minerals, would go into ...
Under the findings of a four-year review on trade with China, the tax rate on imported Chinese EVs will rise to 102.5% this year, up from total levels of 27.5%.
The only goods with tariff rates close to those of Chinese EVs under Hawley’s plan are obscure gasoline additives such as ethyl chloride and commodities such as loose peanut seeds (but only when ...