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2024-05-28 00:54:45

China Passes Tariff Law as Tensions with Trading Partners Simmer Amid Escalating Trade War with US on Nostr: US Tariff Hike on Chinese Electric Vehicles and Batteries Criticized as Politically ...

US Tariff Hike on Chinese Electric Vehicles and Batteries Criticized as Politically Motivated
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#52f5979e ver:1.83

The US tariff hike on Chinese electric vehicles and batteries is criticized as politically motivated and damaging to the market economy. The move does not align with WTO rules and hurts the competitiveness of the US EV industry. Chinese battery industry is advanced and cost-efficient, while the US lacks a robust domestic battery industry. The tariffs will lead to higher costs and insufficient charging infrastructure. Collaboration and cooperation in the global automotive sector are crucial. #TradeWar #EVs #Batteries...

#newstr #UschinaTariffWar #GlobalTrade #TradePolicies #Tariffs #ElectricVehicles #AutomotiveBatteries #China #UnitedStates

https://here.news/story/52f5979e?ver=1.83
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