US set to impose 100% tariff on Chinese electric vehicle imports

[Kahpernicus]

https://www.ft.com/content/9b79b340-50e0-4813-8ed2-42a30e544e58

The Biden administration plans to raise tariffs on Chinese electric vehicle imports from 25 per cent to 100 per cent, as it intensifies efforts ahead of the US election to protect American industry.

The administration is expected to announce the move, and other tariffs on clean energy imports, on Tuesday, according to people familiar with the situation.

The sharp rise in the levies comes amid mounting concern that China could flood the US market with cheap EVs, threatening the American car industry. President Joe Biden has taken several actions in recent months to convince union members in swing states that he will protect jobs.

The Biden administration has for three years been reviewing the tariffs that then president Donald Trump put on imports from China as part of the trade war he launched in 2018. The new EV tariffs will be announced alongside the conclusion of the review, led by the US Trade Representative.

I can hear musks sigh of relief from here.

 

[SteelMyHeart]

https://www.ft.com/content/9b79b340-50e0-4813-8ed2-42a30e544e58




I can hear musks sigh of relief from here.

I'm usually very free market but I support this. Chinese companies are too tied to the government and get subsidies that make it essentially impossible to compete with them. In addition they have no regard for intellectual property and most of their progress has been by stealing technology from other countries.

I will never buy a BYD vehicle or the like. In addition the Chinese government is perfectly okay with allowing fentanyl ingredients to flood into our country killing 100,000 people last year in America. I'm a proud owner of the most American made truck. F*** the Chinese government.

 

[mbeltran]

Retaliation by China usually targets US firms manufacturing in China. Apple and others have been the target of trade retaliation. I’m sure Tesla Giga Shanghai will become a target if this passes.