5 takeaways from Biden's tariff hikes on Chinese electric vehicles

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الإمارات العربية المتحدة عناوين أخبار

الإمارات العربية المتحدة أحدث الأخبار,الإمارات العربية المتحدة عناوين

The Biden administration is quadrupling tariffs on China-made EVs. The tariffs are part of a broad swath of protectionist policies first imposed by former President Trump.

China is aiming to become a global automotive powerhouse, particularly when it comes to electric vehicles. Here, cars wait to be loaded onto a ship at a port in Nanjing.to an eye-watering 100% — in a move designed to bolster U.S. jobs and manufacturing.

"Until China changes its practices, these tariffs are also meant to give our industries a break, a respite, to be able to breathe," U.S. Trade Representative Katherine TaiChinese electric vehicles from makers like BYD aren't just cheap — they're also good. Economist Sue Helper, a former Biden official who recently took a BYD Seagull for a test ride, called the car"impressive" and"cute.

But Biden wants to cut emissions in a specific way, which is why EVs and other clean industries are getting bothand protectionist tariffs. He wants a U.S.-based green energy supply chain — from raw materials all the way to finished products — with American jobs, preferably union jobs, at every step.designed to nudge auto companies toward U.S. suppliers. That means fewer vehicles qualify than they would otherwise.

In some respects, Trump's policy toward China is now Biden's policy toward China. But there are differences, as the two presidential candidates themselves point out.

 

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الإمارات العربية المتحدة أحدث الأخبار, الإمارات العربية المتحدة عناوين

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Biden sharply hikes US tariffs on Chinese imports, including chips, carsPresident Joe Biden on Tuesday unveiled a bundle of steep tariff increases on an array of Chinese imports including electric vehicle batteries, computer chips and medical products.
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