Biden Trade Official Warns of Chinese Dominance in American EV Market

, chief counsel for China Trade Enforcement in the Office of the U.S. Trade Representative, said there are levels of defense the U.S. has against the communist nation from spreading its EV influence, including a 27.5% tariff on Chinese-made vehicles and new tax incentives to bolster domestic production.

“We will obviously continue to assess the challenges. We are vigilant to threats, and we won’t take things off the table,” Mr.said during a virtual event held by the Washington International Trade Association. “We will take responses as necessary to meet the challenges of protecting workers against unfair trade.”

A proposed rule from the Environmental Protection Agency would force U.S. automakers to sell mostly EVs by 2030, sparking concerns among the industry and Republicans that such a rapid shift would only further solidifyThe U.S. EV market share was roughly 7% of new cars sold in 2022. Industry analysts are also raising alarm bells about aggressive global expansion by Chinese automakers, prompting fears it will only become easier for

to penetrate the U.S. EV market or skirt tariffs by using operations in other countries to export vehicles.

Energy Energy Latest News, Energy Energy Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

D.C. intervenes in Burisma corruption probe; Biden's involvement concealedDevon Archer, a former associate of the Biden family business, revealed to House investigators that executives at Ukrainian energy firm Burisma sought President Biden's assistance in suppressing a state-run corruption investigation. They requested Hunter Biden to contact his father, who was then the vice president. Archer emphasized that Burisma valued Hunter Biden's influence as a lobbyist and expert due to his powerful name. He further stated that Burisma would have faced financial ruin if it had not been associated with the Biden brand.
Source: WashTimes - 🏆 235. / 63 Read more »

Biden doing Weather Channel interview to meet 'viewers where they are,' White House saysPresident Joe Biden will sit for a climate change-focused interview with the Weather Channel on Tuesday afternoon. The interview will take place at the Grand Canyon in Arizona, shortly after Biden's remarks designating a new national monument for the greater Grand Canyon region. THE FOUR DEMOCRATS WHO COULD ATTEMPT TO UNSEAT BIDEN IN 2024 ELECTION Biden rarely sits for televised interviews, with his most recent happening in June with NBC News's Nicolle Wallace
Source: dcexaminer - 🏆 6. / 94 Read more »