US suggests additional tariffs if production of Chinese electric vehicles moves to Mexico

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Business,Joe Biden

The Biden administration is suggesting that additional tariffs could be put in place if the Chinese makers of electric vehicles try to move their production to Mexico to avoid newly announced import taxes.

U.S. Trade Representative Katherine Tai speaks with reporters in the James Brady Press Briefing Room at the White House, Tuesday, May 14, 2024, in Washington. – The Biden administration is suggesting that additional tariffs could be put in place if the Chinese makers of electric vehicles try to move their production to Mexico to avoidPresident Joe Biden on Tuesday directed the office of the U.S.

Tai said that additional tariffs would require a “separate pathway” from the Section 301 review of the Trade Act of 1974. That four-year review led to the tariffs on $18 billion worth of Chinese imports announced on Tuesday. Tai said that tariffs with Mexico was “something we are talking to our industry, our workers and our partners about.”

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US suggests additional tariffs if production of Chinese electric vehicles moves to MexicoThe Biden administration is suggesting that additional tariffs could be put in place if the Chinese makers of electric vehicles try to move their production to Mexico to avoid newly announced import taxes. President Joe Biden on Tuesday directed the U.S. Trade Representative to impose a a total tariff in excess of 102% on Chinese EVs.
ذریعہ: AP - 🏆 728. / 51 مزید پڑھ »

US suggests additional tariffs if production of Chinese electric vehicles moves to MexicoThe Biden administration is suggesting that additional tariffs could be put in place if the Chinese makers of electric vehicles try to move their production to Mexico to avoid newly announced import taxes.
ذریعہ: wjxt4 - 🏆 246. / 63 مزید پڑھ »