2024-05-14 14:44:37
(Xinhua file photograph: Robots working on the manufacturing facility of Chinese language electrical automobile model Woyah in Wuhan metropolis, central China’s Hubei province, April 1, 2024)
WASHINGTON, Could 14 (Xinhua) — The White Home on Tuesday revealed new tariffs on electrical vehicles. photo voltaic panel and different clear vitality merchandise imported from China It’s a protectionist measure that many worry might undermine U.S. efforts to extend competitiveness and meet its carbon objectives.
China’s import duties on electrical vehicles will improve from 25 % to one hundred pc, and mixed with a further 2.5 % tax on all sorts of vehicles imported into the U.S. market. This can convey the entire quantity of taxes collected on Chinese language electrical vehicles to 102.5%.
The announcement of the brand new tax improve might solely be a symbolic gesture. As a result of now the administration below the management of Joe Biden, President of america They’re making an attempt to behave as if they’re strict with China. Because the battle for the US presidential election grows fiercer
The present levy was first instituted by former President Donald Trump in 2018 and was revised by the Biden administration. This prevents Chinese language vehicles from coming into the US auto market. Successfully
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