Biden prepares to slap tariffs on Chinese electric cars
7 months, 2 weeks ago

Biden prepares to slap tariffs on Chinese electric cars

The Telegraph  

Joe Biden is poised to quadruple trade tariffs on Chinese electric vehicles as the US ramps up tensions with Beijing. Against that backdrop, Mr Biden is reportedly preparing to raise import tariffs on Chinese EVs from the current rate of 25pc to 100pc, according to the Wall Street Journal. The measure is likely to make purchasing China-made EVs prohibitively expensive while also deterring Chinese brands from importing components such as batteries before assembling cars in the US. In March, Mr Biden launched an investigation into the risks posed by Chinese EVs and ordered the US Department of Commerce to take “action to respond”. A month later, he also called for higher tariffs on Chinese steel and aluminium, launched an investigation into the country’s shipbuilding industry and signed a law forcing video-sharing platform TikTok to split from its Chinese parent, ByteDance, or quit the US market.

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History of this topic

Biden launches new Chinese chips trade probe, will hand off to Trump
21 hours, 32 minutes ago

Biden launches new Chinese chips trade probe, will hand off to Trump

The Hindu  

The Biden administration announced on Monday a last-minute trade investigation into older Chinese-made "legacy" semiconductors that could heap more U.S. tariffs on chips from China that power everyday goods from autos to washing machines to telecoms gear. U.S. Trade Representative Katherine Tai said the probe aims to protect American and other semiconductor producers from China's massive state-driven buildup of domestic …

Trump Will Reportedly Block the US Government and Military From Buying EVs
1 week ago

Trump Will Reportedly Block the US Government and Military From Buying EVs

Wired  

The incoming Trump administration has even more plans to delay electric vehicle adoption than previously thought. According to Reuters, which has seen transition team documents, the Trump team wants to abolish EV subsidies, claw back federal funding meant for EV charging infrastructure, block EV battery imports on national security grounds, and prevent the federal government and the US military from …

President-elect Trump planning to reverse most Biden-era EV policies believing climate change is a 'hoax'
Trending News
1 week ago

President-elect Trump planning to reverse most Biden-era EV policies believing climate change is a 'hoax'

Firstpost  

The Biden administration’s ambitious EV support, like the $7,500 tax credit for buyers and billions allocated for building charging networks, is also on Trump’s chopping block. In its place, the incoming administration plans to redirect funds towards boosting US production of batteries Earlier this year, Trump reportedly assured oil executives that he would overturn Biden’s environmental policies in exchange for …

US manufacturers are stocking up on imports ahead of tariffs
1 week, 4 days ago

US manufacturers are stocking up on imports ahead of tariffs

Live Mint  

U.S. manufacturers are stockpiling imported parts and raw materials in anticipation of President-elect Donald Trump imposing new tariffs next year. U.S. industrial manufacturers and consumer-packaged-goods companies are buying up critical parts and raw materials, such as emulsifiers and flavor enhancers, driving up demand, according to GEP, a supply-chain software company that gathers the data. U.S. businesses are giving priority to …

BYD prepares to go for the kill in Chinese EV market, leaked letter shows plans to intensify price war
3 weeks, 5 days ago

BYD prepares to go for the kill in Chinese EV market, leaked letter shows plans to intensify price war

Firstpost  

BYD’s aggressive pricing strategy appears to be paying off — the Chinese EV maker recently overtook Tesla in revenue for the first time, reporting a gross margin of 21.9 per cent, its highest in a year Unlike some of its rivals, BYD has not only weathered the price war but emerged stronger. The leaked email highlights BYD’s readiness to further …

Beijing, Brussels may meet halfway on EV tariffs
4 weeks, 1 day ago

Beijing, Brussels may meet halfway on EV tariffs

China Daily  

Vehicles from Chinese brands wait to be exported from a port in Suzhou, Jiangsu province. The prospect of China and the European Union nearing an alternative solution on the EU's imposition of extra tariffs on Chinese-made electric vehicles will provide a much-needed buffer to avoid the escalation of trade tensions between the two economic powerhouses, analysts said. Bernd Lange, chair …

China-EU solution to tariff war coming soon
Top News
1 month ago

China-EU solution to tariff war coming soon

China Daily  

By Wang Keju | chinadaily.com.cn | Updated: 2024-11-25 17:45 Hundreds of vehicles manufactured by Chery line up at a port of Wuhu, Anhui province, awaiting export. The prospect of nearing an alternative solution by China and the European Union to the bloc's imposition of extra tariffs on Chinese-made battery electric vehicles would provide a much-needed buffer to avoid the escalation …

China-EU solution to tariff war coming soon
Top News
1 month ago

China-EU solution to tariff war coming soon

China Daily  

Hundreds of vehicles manufactured by Chery line up at a port of Wuhu, Anhui province, awaiting export. The prospect of nearing an alternative solution by China and the European Union to the bloc's imposition of extra tariffs on Chinese-made battery electric vehicles would provide a much-needed buffer to avoid the escalation of trade tensions between the two economic powerhouses, analysts …

Opinion: Biden has a small window to make big fixes to U.S. trade policy
1 month ago

Opinion: Biden has a small window to make big fixes to U.S. trade policy

LA Times  

The return of Donald Trump to the White House in 2025 will spark a significant shift in U.S. economic policy across numerous issue areas, but changes to U.S. trade and industrial policy might be more subtle than severe. After campaigning in 2020 against the broad-based and damaging tariffs Trump imposed, President Biden maintained and even expanded U.S. trade restrictions and …

Talks on extra EV tariffs to continue
1 month, 1 week ago

Talks on extra EV tariffs to continue

China Daily  

A BYD vehicle on display during a recent auto expo in Paris, France. GAO JING/XINHUA The European Union and China will continue their negotiations this week seeking an alternative to the imposition of extra tariffs on electric vehicles, on the heels of talks earlier this month in Beijing, which yielded some progress, according to the European Commission, the bloc's executive …

EU tariffs on Chinese EVs serving no one's interest
1 month, 3 weeks ago

EU tariffs on Chinese EVs serving no one's interest

China Daily  

People visit the pavilion of Chinese carmaker BYD at the 2024 Paris Motor Show during the media day in Paris, France, Oct 14, 2024. Despite strong opposition from several member states, the European Commission has finalized its decision to levy tariffs on Chinese-made electric vehicles, which is a misguided trade protectionist measure hurting many but benefiting no one. The EU's …

What to know about Europe's tariffs on Chinese electric vehicles
1 month, 3 weeks ago

What to know about Europe's tariffs on Chinese electric vehicles

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. The European Commission, the EU’s …

EU Imposes 45.3% Tariffs on Chinese EVs, Sparking Trade War with China
1 month, 3 weeks ago

EU Imposes 45.3% Tariffs on Chinese EVs, Sparking Trade War with China

Firstpost  

The European Union (EU) has imposed tariffs of up to 45.3 per cent on Chinese-built electric vehicles to counter alleged subsidies. The new rates will take effect the following day and will apply to Chinese brands' share of the EU market, which is estimated to be 8 per cent from below 1 per cent in 2019. The EU's stance towards …

The EU will impose duties on electric vehicle imports from China from Thursday
1 month, 3 weeks ago

The EU will impose duties on electric vehicle imports from China from Thursday

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

Shift toward EVs, particularly in China, could disrupt global oil market, energy report says
2 months, 1 week ago

Shift toward EVs, particularly in China, could disrupt global oil market, energy report says

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ /verifyErrors …

German economics minister urges political solution to EV tariffs with China
3 months ago

German economics minister urges political solution to EV tariffs with China

China Daily  

German Economics Minister Robert Habeck BERLIN - Germany's Economics Minister Robert Habeck has called for the European Union and China to reach a political solution to the issue of tariffs on electric vehicles. Emphasizing China's significance to the German and European economies, Habeck said fair competition conditions must be guaranteed and Germany welcomes competition with China. A government spokesperson said …

Punitive tariffs on Chinese EVs would cause irreparable damage to trade ties: China Daily editorial
3 months, 1 week ago

Punitive tariffs on Chinese EVs would cause irreparable damage to trade ties: China Daily editorial

China Daily  

With the European Union due to vote very soon on imposing tariffs of up to 35.3 percent on electric vehicles made in China, last-ditch efforts to prevent China-EU trade frictions escalating and causing damage to their mutually beneficial economic cooperation have gained a rising sense of urgency. "We don't need another trade war," Spanish Prime Minister Pedro Sanchez said during …

Tariff hikes will hit US consumers, experts say
3 months, 1 week ago

Tariff hikes will hit US consumers, experts say

China Daily  

The United States' latest move to raise tariffs on certain Chinese products threatens the stability of global supply chains and will ultimately pass the burden onto its consumers, market watchers and corporate executives said on Sunday. The Office of the US Trade Representative announced on Friday that it has finalized tariff hikes on selected Chinese products following a four-year review …

US locks in steep China tariff hikes, many to start Sept. 27
3 months, 1 week ago

US locks in steep China tariff hikes, many to start Sept. 27

Hindustan Times  

* US locks in steep China tariff hikes, many to start Sept. 27 USTR maintains tariffs of 100% on Chinese EVs, 50% on semiconductors, 25% on batteries, steel * USTR doubles tariffs on Chinese face masks, surgical gloves syringes * US adds China tariff exclusions on five machinery categories * White House adviser says tariffs counteract 'unfair' China EV cost …

Biden imposes 100pc tariffs on Chinese electric cars
3 months, 1 week ago

Biden imposes 100pc tariffs on Chinese electric cars

The Telegraph  

Joe Biden has imposed steep tariffs on hundreds of billions of dollars of Chinese goods, despite Kamala Harris calling similar levies proposed by Donald Trump a “sales tax”. The decision comes despite Ms Harris’s criticism of Chinese tariffs proposed by Trump, which she said would amount to a tax on consumers and worsen inflation. During the presidential debate on Tuesday, …

Why Britain is standing aside as the West battles cheap Chinese electric cars
3 months, 1 week ago

Why Britain is standing aside as the West battles cheap Chinese electric cars

The Telegraph  

Within weeks, nearly all of Britain’s closest allies will have hit Chinese electric vehicles with crippling trade tariffs. The decision has prompted warnings that the UK has made itself a prime target for “dumping” by manufacturers, as cut-throat competition at home drives Chinese brands to seek more profitable sales abroad. According to Whitehall and industry sources, the answer boils down …

US businesses raise imports over tariff fears
3 months, 3 weeks ago

US businesses raise imports over tariff fears

China Daily  

A container ship of China's COSCO Shipping docks at a container terminal of the Port of Long Beach in California, the United States, Aug 20, 2021. "We are going to have 10 to 20 percent tariffs on foreign countries that have been ripping us off for years," he said in a speech in North Carolina on Aug 14. Mary Lovely, …

US businesses raise imports over tariff fears
3 months, 3 weeks ago

US businesses raise imports over tariff fears

China Daily  

A container ship of China's COSCO Shipping docks at a container terminal of the Port of Long Beach in California, the United States, Aug 20, 2021. "We are going to have 10 to 20 percent tariffs on foreign countries that have been ripping us off for years," he said in a speech in North Carolina on Aug 14. Mary Lovely, …

China accuses Canada of protectionism over 100% tariffs on electric vehicles
3 months, 3 weeks ago

China accuses Canada of protectionism over 100% tariffs on electric vehicles

Associated Press  

BEIJING — China on Tuesday accused Canada of protectionism after Prime Minister Justin Trudeau’s government imposed a 100% tariff on imports of Chinese-made electric vehicles, matching U.S. duties on Chinese EVs. AP AUDIO: China accuses Canada of protectionism over 100% tariffs on electric vehicles AP correspondent Haya Panjwani reports China accuses Canada of protectionism over 100% tariffs on electric vehicles. …

Canada, following US lead, to impose 100% tariff on Chinese EVs
3 months, 4 weeks ago

Canada, following US lead, to impose 100% tariff on Chinese EVs

Hindustan Times  

* Canada, following US lead, to impose 100% tariff on Chinese EVs Canada to impose 100% tariffs on Chinese-made EVs * Canada also announces 25% tariff on Chinese steel * PM Trudeau says more punitive measures possible * Announcement follows similar move from United States By Promit Mukherjee OTTAWA, - Canada, following the lead of the United States, on Monday …

Canada imposes a 100% tariff on imports of Chinese-made electric vehicles, matching the US
3 months, 4 weeks ago

Canada imposes a 100% tariff on imports of Chinese-made electric vehicles, matching the US

Associated Press  

TORONTO — Canada announced Monday it is launching a 100% tariff on imports of Chinese-made electric vehicles, matching U.S. tariffs imposed over what Western governments say are China’s subsidies that give its industry an unfair advantage. U.S. President Joe Biden in May slapped major new tariffs on Chinese electric vehicles, advanced batteries, solar cells, steel, aluminum and medical equipment. “Unless …

Canada follows US, imposes 100% tariff on EVs imported from China
3 months, 4 weeks ago

Canada follows US, imposes 100% tariff on EVs imported from China

Al Jazeera  

Ottawa to work with allies to ensure customers around the world are not unfairly penalised by nonmarket practices of countries such as China, PM Trudeau says. Canada, following the lead of the United States, says it will impose a 100 percent tariff on Chinese electric vehicle imports and also announces a 25 percent tariff on imported steel and aluminum from …

China firmly opposes move on EV tariffs
4 months ago

China firmly opposes move on EV tariffs

China Daily  

The European Union's plan to impose definitive countervailing duties on imports of electric vehicles from China is likely to weaken Chinese investors' confidence in Europe and hinder the growth of the global green industry, said market watchers and industry leaders on Wednesday. The EV tariffs decision was based on facts determined unilaterally by the EU, rather than mutually recognized facts, …

EU lists lower tariff on China-made Teslas as it revises duties
4 months ago

EU lists lower tariff on China-made Teslas as it revises duties

Al Jazeera  

EU changes its punitive duties on imports of Chinese-made EVs, including those made in joint ventures with EU firms. It set a new reduced extra rate of 9 percent for Tesla, lower than the 20.8 percent it had indicated in July, and said some Chinese companies in joint ventures with EU automakers may also receive lower planned punitive duties on …

Expert calls for fairer, more just intl trade environment
4 months, 1 week ago

Expert calls for fairer, more just intl trade environment

China Daily  

China is proactively expanding imports, encouraging outward investment and broadening institutional opening-up to counter "unfounded" protectionist trading policies and promote win-win globalization, said a renowned economist and policy researcher. While China will continue improving its business environment, Jiang said it is inappropriate to excessively blame China's investment climate alone for the decline in foreign direct investment inflow, which is partially …

Expert calls for fairer, more just intl trade environment
4 months, 1 week ago

Expert calls for fairer, more just intl trade environment

China Daily  

China is proactively expanding imports, encouraging outward investment and broadening institutional opening-up to counter "unfounded" protectionist trading policies and promote win-win globalization, said a renowned economist and policy researcher. While China will continue improving its business environment, Jiang said it is inappropriate to excessively blame China's investment climate alone for the decline in foreign direct investment inflow, which is partially …

Expert calls for fairer, more just intl trade environment
4 months, 1 week ago

Expert calls for fairer, more just intl trade environment

China Daily  

China is proactively expanding imports, encouraging outward investment and broadening institutional opening-up to counter "unfounded" protectionist trading policies and promote win-win globalization, said a renowned economist and policy researcher. While China will continue improving its business environment, Jiang said it is inappropriate to excessively blame China's investment climate alone for the decline in foreign direct investment inflow, which is partially …

Tariff hike fears drive Chinese EV sales
4 months, 3 weeks ago

Tariff hike fears drive Chinese EV sales

China Daily  

BYD's electric models attract visitors at a new energy auto expo in Beijing. The surge in Chinese electric vehicle sales across Europe in June was mainly driven by looming tariff threats, newly released data reveal. According to analytics company Dataforce, Chinese carmakers captured a record 11 percent of the European EV market in June. In early July, the EU announced …

Tariff hike fears drive Chinese EV sales
4 months, 3 weeks ago

Tariff hike fears drive Chinese EV sales

China Daily  

By JULIAN SHEA in London | China Daily Global | Updated: 2024-08-01 09:30 BYD's electric models attract visitors at a new energy auto expo in Beijing. The surge in Chinese electric vehicle sales across Europe in June was mainly driven by looming tariff threats, newly released data reveal. According to analytics company Dataforce, Chinese carmakers captured a record 11 percent …

As EV tariff talks continue, China urges pragmatism
5 months ago

As EV tariff talks continue, China urges pragmatism

China Daily  

China-made new energy vehicles await shipment to Europe in Xiamen, Fujian province. JIANG KEHONG/XINHUA BEIJING/BRUSSELS — China has reiterated its stance on reaching a mutually acceptable solution to a trade spat involving Chinese electric vehicles exported to the European Union as talks between the two sides continue. Indispensable EVs There has been growing consensus that the world will require significantly …

As EV tariff talks continue, China urges pragmatism
5 months ago

As EV tariff talks continue, China urges pragmatism

China Daily  

China-made new energy vehicles await shipment to Europe in Xiamen, Fujian province. JIANG KEHONG/XINHUA BEIJING/BRUSSELS — China has reiterated its stance on reaching a mutually acceptable solution to a trade spat involving Chinese electric vehicles exported to the European Union as talks between the two sides continue. Indispensable EVs There has been growing consensus that the world will require significantly …

Broad picture ties should stop the EU from imposing tariffs on Chinese EVs
5 months, 1 week ago

Broad picture ties should stop the EU from imposing tariffs on Chinese EVs

China Daily  

Workers operate at a production line of the new energy vehicle AVATR at a workshop of Chang'an Auto in Jiangbei district, Southwest China's Chongqing Municipality, July 20, 2023. The huge divide among European Union member states over the provisional tariffs imposed by the bloc on imported Chinese electric vehicles highlights the great need for the EU to think twice before …

Biden administration announces $1.7 billion to convert auto facilities for EV manufacturing
5 months, 2 weeks ago

Biden administration announces $1.7 billion to convert auto facilities for EV manufacturing

CNN  

CNN — The White House on Thursday said it would hand out $1.7 billion to help convert closed-down or at-risk auto manufacturing and assembly facilities to make electric and hybrid vehicles. The funding comes as growth in new electric vehicle sales has slowed, even as the Biden administration wants to keep US EV manufacturers competitive with a surging Chinese industry. …

Report faults tariffs on EVs from China
5 months, 2 weeks ago

Report faults tariffs on EVs from China

China Daily  

Workers operate at a production line of the new energy vehicle AVATR at a workshop of Chang'an Auto in Jiangbei district, Southwest China's Chongqing Municipality, July 20, 2023. China is "the only large auto market that has reached the point of consumer-led takeoff for EV sales", according to Bloomberg's recent Electric Vehicle Outlook. But it said Europe, the US, India …

China remains key to global auto industry
5 months, 2 weeks ago

China remains key to global auto industry

China Daily  

A new energy vehicle on display during a recent expo in Shanghai. CHINA DAILY Despite the European Union's imposition of provisional import tariffs on Chinese electric vehicles from Friday, China's robust market and manufacturing capabilities remain pivotal for the world's green transition and the strategies of international automakers, analysts and business leaders said. The German Association of the Automotive Industry …

Chinese firms eye Morocco as way to cash in on U.S. electric-vehicle subsidy
5 months, 2 weeks ago

Chinese firms eye Morocco as way to cash in on U.S. electric-vehicle subsidy

The Hindu  

After the United States passed new subsidies designed to boost domestic electric vehicle production and cut into Beijing’s supply-chain dominance, Chinese manufacturers began investing in an unlikely place: Morocco. At least eight Chinese battery makers announced new investments in the North African kingdom since President Joe Biden signed the Inflation Reduction Act, the $430 billion U.S. law designed to fight …

Canada should not ape US by imposing tariffs on EVs
5 months, 3 weeks ago

Canada should not ape US by imposing tariffs on EVs

China Daily  

People visit the 2024 Beijing International Automotive Exhibition in April. Adding to the strain, Canada, despite limited trade with China in automobiles, is mirroring the US' actions by readying itself to levy tariffs on EVs imported from China. In June, Doug Ford, premier of Canada's Ontario province, said he hoped the Justin Trudeau government would impose as much extra tariffs …

EU imposes tariffs of up to 38% on Chinese electric vehicles
5 months, 3 weeks ago

EU imposes tariffs of up to 38% on Chinese electric vehicles

Al Jazeera  

The European Union has imposed extra duties of up to 37.6 percent on imports of electric vehicles made in China, the bloc announced, despite Beijing’s warnings the move would unleash a trade war. The provisional duties of between 17.4 percent and 37.6 percent, without backdating, are designed to prevent what Commission President Ursula von der Leyen has said is a …

Canada should not ape US by imposing tariffs on EVs
5 months, 3 weeks ago

Canada should not ape US by imposing tariffs on EVs

China Daily  

People visit the 2024 Beijing International Automotive Exhibition in April. Adding to the strain, Canada, despite limited trade with China in automobiles, is mirroring the US' actions by readying itself to levy tariffs on EVs imported from China. In June, Doug Ford, premier of Canada's Ontario province, said he hoped the Justin Trudeau government would impose as much extra tariffs …

Chinese firms eye Morocco as way to cash in on US electric vehicle subsidies
5 months, 3 weeks ago

Chinese firms eye Morocco as way to cash in on US electric vehicle subsidies

Associated Press  

TANGIERS, Morocco — After the United States passed new subsidies designed to boost domestic electric vehicle production and cut into Beijing’s supply chain dominance, Chinese manufacturers began investing in an unlikely place: Morocco. “We have flexibility to be able to comply with all the changes in interpretation or rules.” The Chinese battery projects include at least three joint ventures and …

Talks critical to resolving EU tariff spat
5 months, 3 weeks ago

Talks critical to resolving EU tariff spat

China Daily  

Hundreds of vehicles line up at a port of Wuhu, Anhui province, on March 10, 2024, awaiting export. As the Ministry of Commerce said in late June that China and the EU have expedited consultations on this issue, Lyu Yue, a professor at the Academy of China Open Economy Studies, part of the University of International Business and Economics in …

China, EU expedite talks on EV tariffs
5 months, 3 weeks ago

China, EU expedite talks on EV tariffs

China Daily  

Chinese new energy vehicles on display during an auto expo in Brussels earlier this year. ZHAO DINGZHE/XINHUA China and the European Union are expediting consultations on the latter's anti-subsidy investigation into Chinese electric vehicles, and aim to reach a mutually acceptable solution by addressing the reasonable concerns of both sides, said China's Ministry of Commerce on Thursday. He said the …

The Biden-Trump Fight Over EVs: A Breakdown
5 months, 3 weeks ago

The Biden-Trump Fight Over EVs: A Breakdown

Huff Post  

LOADING ERROR LOADING President Joe Biden sketched out his vision for the future of America’s auto industry during a visit to Detroit in late 2021. What Trump Is Saying About Biden’s EV Push Trump has made plain his opposition to Biden’s EV support, in speeches and in interviews ― and in the “Agenda 47” section of his campaign website, where …

Prospect of low-priced Chinese EVs reaching US from Mexico poses threat to automakers
5 months, 3 weeks ago

Prospect of low-priced Chinese EVs reaching US from Mexico poses threat to automakers

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Low-priced Chinese EVs pose a potentially “extinction-level event’’ for …

Prospect of low-priced Chinese EVs reaching US from Mexico poses threat to automakers
5 months, 3 weeks ago

Prospect of low-priced Chinese EVs reaching US from Mexico poses threat to automakers

Associated Press  

WASHINGTON — It’s a scenario that terrifies America’s auto industry. “Time and again, we have seen the Chinese government dump highly subsidized goods into markets for the purpose of undermining domestic manufacturing,’’ Sen. Sherrod Brown, an Ohio Democrat, wrote in an April letter to President Joe Biden that called for an outright ban on Chinese electric vehicles in the U.S. …

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