On top of existing tariffs under Section 301, the United States on Tuesday announced new tariffs on a variety of imports from China, including electric vehicles (EVs), lithium batteries, photovoltaic cells, critical minerals, semicon...
The tariff decision was made to ensure that the U.S. EV industry diversifies away from China's dominant supply chain, Lael Brainard, the top White House economic adviser, told Reuters Friday. She said such "tough, targeted" tariffs are needed to counter China's state-driven subsidies and te...
The fractious trade war between the US and China has entered a new phase with President Biden effectively quadrupling tariffs from 25% to 100% on Chinese made electric vehicles (EVs). In addition, levies on lithium-ion EV batteries have jumped from 7.5% to 25% and have doubled from 25% ...
TMTPost -- Volvo Cars, one of the most well-known premium car brands based in Europe, is going to delay launch of EX30, its best selling electric vehicle (EV) model, in the United States due to the new additional tariffs on EV imports from China. ...
Moreover, the European Commission, to protect the European Union's EV industry, launched an anti-subsidy investigation into pure EVs imported from China in October 2023 and is considering raising import tariffs. Behind the con...
this cause, Canada has more than stepped up its protectionist game. At the end of August, the Department of Financeannouncedthat, along with its 100 percent tariffs on EV cars, trucks, buses and delivery vans, Canada will also be imposing a new 25 percent tariff on Chinese steel on Oct....
ROME (Reuters) -The Group of Seven (G7) major democracies meeting in Italy next week will discuss the risk of fragmentation in global trade after "very tough" tariffs imposed by the United States against China, Italian Economy Minister Giancarlo Giorgetti said. ...
In a post on November 25 on his social media platform Truth Social, Trump said his first of “many” executive orders on January 20, the day he takes office, would introduce 25% tariffs on goods entering the US from Canada and Mexico, and will also increase existing tariffs on China by...
The US will quadruple the tariff rate on Chinese EVs to 100 per cent this year, the tariffs on semiconductors will be doubled from 2025. The tariff on solar cells will also be doubled this year to 50 per cent. It will also more than triple tariffs on Chinese lithium-ion EV batteries ...
In a post on November 25 on his social media platform Truth Social, Trump said his first of “many” executive orders on January 20, the day he takes office, would introduce 25% tariffs on goods entering the US from Canada and Mexico, and will also increase existing tariffs on China by ...