China Passes Tariff Law as Tensions with Trading Partners Simmer Amid Escalating Trade War with US on Nostr: US Considers Imposing 100% Tariff on Chinese Electric Cars Amid Escalating Trade ...
US Considers Imposing 100% Tariff on Chinese Electric Cars Amid Escalating Trade Tensions
===============
#52f5979e ver:0.53
US President Joe Biden is set to announce new tariffs on Chinese imports, including electric vehicles (EVs), next week. The tariffs are part of the Biden administration's efforts to address concerns over China's manufacturing 'overcapacity' of EVs and other products. The specific details of the tariffs are expected to be announced soon, but the tariff rate on Chinese electric vehicles is expected to quadruple to roughly 100 percent. The move is seen as a response to China's dominance in the global EV market and its non-market practices. The announcement is expected to have significant implications for the ongoing trade relationship between the United States and China, as well as the global economy as a whole. #TradeWar #Tariffs #China #ElectricVehicles...
#newstr #UschinaTrade #Tariffs #ElectricVehicles
https://here.news/story/52f5979e?ver=0.53
===============
#52f5979e ver:0.53
US President Joe Biden is set to announce new tariffs on Chinese imports, including electric vehicles (EVs), next week. The tariffs are part of the Biden administration's efforts to address concerns over China's manufacturing 'overcapacity' of EVs and other products. The specific details of the tariffs are expected to be announced soon, but the tariff rate on Chinese electric vehicles is expected to quadruple to roughly 100 percent. The move is seen as a response to China's dominance in the global EV market and its non-market practices. The announcement is expected to have significant implications for the ongoing trade relationship between the United States and China, as well as the global economy as a whole. #TradeWar #Tariffs #China #ElectricVehicles...
#newstr #UschinaTrade #Tariffs #ElectricVehicles
https://here.news/story/52f5979e?ver=0.53