U.S. plans to impose major new tariffs on EVs, other Chinese green energy imports
==========
The Biden administration plans to impose major new tariffs on electric vehicles, semiconductors, solar equipment, and medical supplies imported from China. Tariffs on electric vehicles could quadruple from 25% to 100%. The tariffs are expected to be announced on Tuesday and come as officials express frustration over China's manufacturing 'overcapacity' of EVs and other products. The additional tariffs also carry political weight going into the November presidential election, with both Biden and his presumptive Republican challenger, former President Trump, vowing to be tough on China. The announcement is expected to keep in place some tariffs imposed during Trump's administration, covering about $360 billion in Chinese goods. The new tax on imports would add products such as Chinese syringes and solar equipment. The plan for new tariffs was reported earlier by Bloomberg News and the Wall Street Journal.
#Tariffs #ElectricVehicles #China #GreenEnergy #BidenAdministration
https://www.latimes.com/world-nation/story/2024-05-11/us-plans-to-impose-major-new-tariffs-on-evs-other-chinese-green-energy-imports-ap-sources-say
Los Angeles Times /
npub1ka…ct50x
2024-05-11 19:03:43
Author Public Key
npub1kat3x50s05kl9v0lqxq5qsl0znf0eu2rwyeq4xyplj80ga740k9q9ct50xPublished at
2024-05-11 19:03:43Event JSON
{
"id": "aa16f5bf6cad5543bc70870c0aa15ebd02e7c3e7655fd656e1223657d2bcdfed",
"pubkey": "b7571351f07d2df2b1ff01814043ef14d2fcf14371320a9881fc8ef477d57d8a",
"created_at": 1715454223,
"kind": 1,
"tags": [],
"content": "U.S. plans to impose major new tariffs on EVs, other Chinese green energy imports\n==========\n\nThe Biden administration plans to impose major new tariffs on electric vehicles, semiconductors, solar equipment, and medical supplies imported from China. Tariffs on electric vehicles could quadruple from 25% to 100%. The tariffs are expected to be announced on Tuesday and come as officials express frustration over China's manufacturing 'overcapacity' of EVs and other products. The additional tariffs also carry political weight going into the November presidential election, with both Biden and his presumptive Republican challenger, former President Trump, vowing to be tough on China. The announcement is expected to keep in place some tariffs imposed during Trump's administration, covering about $360 billion in Chinese goods. The new tax on imports would add products such as Chinese syringes and solar equipment. The plan for new tariffs was reported earlier by Bloomberg News and the Wall Street Journal.\n\n#Tariffs #ElectricVehicles #China #GreenEnergy #BidenAdministration\n\nhttps://www.latimes.com/world-nation/story/2024-05-11/us-plans-to-impose-major-new-tariffs-on-evs-other-chinese-green-energy-imports-ap-sources-say",
"sig": "de1b9f57b01ef30411da973b1f60e85414ca7d8d03c491953d9e6bb850947ce3134fae9351bfdb32fd63ec968b03b7c7a30ee0626c4868b1e861048140d014f4"
}