The U.S. government announced on May 14 that it will impose a 100% punitive tariff, equivalent to four times the current rate, on Chinese electric vehicles (EVs). Additionally, tariffs on $18 billion worth of imports, including semiconductors, photovoltaic panels, steel, and aluminum, will be increased.
Is this move by the U.S. a violation of free trade principles? Why has China remained so low-key about this tariff increase? What is the actual standing of Chinese electric vehicles in the world?
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#WangZhi'an #Biden #PunitiveTariff #TradeWar #ChineseEVs #BYD #BeijingAutoShow #NewEnergy #FuelVehicles
15 май 2024
