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White House to hike tariffs on Chinese EVs to fend off cheap imports

Teslarati

The White House and President Joe Biden will launch new tariffs today on Chinese electric vehicles and other sectors to fend off cheap imports. The move will effectively fend off a flood of low-cost Chinese products like EVs, batteries, and other products as Biden hopes to protect U.S. This strategic move could protect U.S.

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Cheap solar panels from China are all over Europe – and everyone is freaking out

Baua Electric

Photo by Pixabay on Pexels.com Europe is installing more solar panels than ever before, thanks to a flood of cheap Chinese solar panels, driving installations by 40% last year. European local solar panel manufacturers have reached a crisis in that they say they can’t compete with cheap imports and oversupply.

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EU’s anti-subsidy EV probe prompts retaliation from China

Teslarati

The European Commission’s anti-subsidy probe into electric vehicle (EV) imports from China prompted a retaliation from the Chinese government. The Chinese government launched a trade probe into luxury liquor producers from Europe. The volume of Chinese EVs at the event caught the eye of the European Commission.

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Tesla CEO Elon Musk flips stance on China tariffs: ‘Things that…distort the market are not good’

Teslarati

Tesla CEO Elon Musk flipped his stance on China tariffs during a conference on Thursday. In January, Musk said that measures would need to be taken so that Chinese automakers did not “demolish” global competitors. Tesla competes quite well in the market in China with no tariffs and no deferential support.

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Senate Bill Seeks to Tariff Chinese Vehicles Out of Existence

The Truth About Cars

This week, Senator Josh Hawley (R-MO) is introducing legislation to increase tariffs on imported Chinese vehicles this week with the stated goal of dealing with the “existential threat posed by China.” percent to 100 percent, including vehicles owned by Chinese-based automakers that are assembled in places like Mexico.

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China gave BYD an incredible $3.7 billion to ‘win’ the EV race

Baua Electric

China has been heavily subsidizing its green tech sectors, but homegrown EV company BYD is a favorite child of the bunch, receiving enormous subsidies to the tune of at least $3.7 For its part, the European Union has established a €40 billion innovation fund to compete with China and the U.S. Inflation Reduction Act.

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US senators want even higher tariffs on Chinese EVs

Baua Electric

Just as the EU is considering tariffs on Chinese EVs imported into Europe, three US Democratic senators are urging that the Biden administration hike import tariffs on Chinese EVs to address national security risks. Answer: Probably not soon, at least if it comes from China. Artificially low-priced Chinese EVs flooding the U.S.

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