US Tariffs Loom on Chinese EVs, And Maybe Solar Panels
==========
The US is likely to maintain tariffs on Chinese products and will reveal news next week on areas of strategic competition such as EVs and solar panels. The US could unveil new China tariffs on strategic sectors such as electric vehicles as soon as next week. The announcement is likely to maintain existing tariff levies, and specific sectors like computer chips and solar panels were set to be included. The news could be revealed as soon as Tuesday. The US Trade Representative’s office made their recommendations to the White House weeks ago but a final announcement was delayed as the package was debated internally. Biden, a Democrat seeking re-election in November, is looking to contrast his approach with that of Republican candidate Donald Trump. Biden has said he does not want a trade war with China despite having said the two countries have entered a new paradigm of competition. Both 2024 candidates have sharply departed from the free-trade consensus that once reigned in Washington. In 2022, Biden launched a review of the Trump-era policy under Section 301 of the US trade law. Last month, he called for sharply higher US tariffs on Chinese metal products. The Biden administration has also been pressuring its neighbor Mexico to prohibit China from selling its metal products to the United States indirectly from there. China has said the tariff measures are counter-productive and inflict harm on the US and global economy.
#UsTariffs #ChineseEvs #SolarPanels #TradeWar #Biden #Trump #ChinausTrade
https://www.asiafinancial.com/us-tariffs-loom-on-chinese-evs-and-maybe-solar-panels
Asia Financial /
npub1tf…4lkk0
2024-05-10 09:01:50
Author Public Key
npub1tfqzenj4wwscy7hhrs7d9wygkqncl5ywgqlcc32lffwtg5yskruq74lkk0Published at
2024-05-10 09:01:50Event JSON
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"content": "US Tariffs Loom on Chinese EVs, And Maybe Solar Panels\n==========\n\nThe US is likely to maintain tariffs on Chinese products and will reveal news next week on areas of strategic competition such as EVs and solar panels. The US could unveil new China tariffs on strategic sectors such as electric vehicles as soon as next week. The announcement is likely to maintain existing tariff levies, and specific sectors like computer chips and solar panels were set to be included. The news could be revealed as soon as Tuesday. The US Trade Representative’s office made their recommendations to the White House weeks ago but a final announcement was delayed as the package was debated internally. Biden, a Democrat seeking re-election in November, is looking to contrast his approach with that of Republican candidate Donald Trump. Biden has said he does not want a trade war with China despite having said the two countries have entered a new paradigm of competition. Both 2024 candidates have sharply departed from the free-trade consensus that once reigned in Washington. In 2022, Biden launched a review of the Trump-era policy under Section 301 of the US trade law. Last month, he called for sharply higher US tariffs on Chinese metal products. The Biden administration has also been pressuring its neighbor Mexico to prohibit China from selling its metal products to the United States indirectly from there. China has said the tariff measures are counter-productive and inflict harm on the US and global economy.\n\n#UsTariffs #ChineseEvs #SolarPanels #TradeWar #Biden #Trump #ChinausTrade\n\nhttps://www.asiafinancial.com/us-tariffs-loom-on-chinese-evs-and-maybe-solar-panels",
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