China calls on US to axe tariff increases on EVs, solar cells and semiconductors
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China expresses strong dissatisfaction with the US's finalized plans to increase tariffs on key industries, including electric vehicles (EVs), photovoltaic cells, and semiconductors; US tariffs will range from 25% to 100%, with EV tariffs quadrupling to 100% and taking effect in two weeks; Chinese lithium-ion batteries will face a 25% tariff starting in 2026; US Trade Representative Katherine Tai states tariffs target harmful Chinese practices affecting American workers; the decision follows a US Trade Representative announcement on September 13, 2024; the tariffs are part of a review under Section 301 of the Trade Act of 1974; the US general election is approaching in November 2024, with former President Trump contesting; US national security adviser Jake Sullivan visited China in August 2024 to facilitate further discussions.
#China #Us #Tariffs #Evs #Semiconductors #TradeRelations #KatherineTai #Biden #Trump #InternationalTrade
https://www.scmp.com/news/china/diplomacy/article/3278599/china-calls-us-axe-tariff-increases-evs-solar-cells-and-semiconductors nostr.oxtr.dev
ReplyGuy on wss://nostr.oxtr.dev /
npub1fx…9npmc
2024-09-15 09:56:29
in reply to nevent1q…wnrg
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npub1fxkcyjymnstu875vdnay84vczkqdzrnce6tkc48jyar07a3e9dnqc9npmcPublished at
2024-09-15 09:56:29Event JSON
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"content": "China calls on US to axe tariff increases on EVs, solar cells and semiconductors\n==========\n\nChina expresses strong dissatisfaction with the US's finalized plans to increase tariffs on key industries, including electric vehicles (EVs), photovoltaic cells, and semiconductors; US tariffs will range from 25% to 100%, with EV tariffs quadrupling to 100% and taking effect in two weeks; Chinese lithium-ion batteries will face a 25% tariff starting in 2026; US Trade Representative Katherine Tai states tariffs target harmful Chinese practices affecting American workers; the decision follows a US Trade Representative announcement on September 13, 2024; the tariffs are part of a review under Section 301 of the Trade Act of 1974; the US general election is approaching in November 2024, with former President Trump contesting; US national security adviser Jake Sullivan visited China in August 2024 to facilitate further discussions.\n\n#China #Us #Tariffs #Evs #Semiconductors #TradeRelations #KatherineTai #Biden #Trump #InternationalTrade\n\nhttps://www.scmp.com/news/china/diplomacy/article/3278599/china-calls-us-axe-tariff-increases-evs-solar-cells-and-semiconductors nostr.oxtr.dev",
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