In the US, President Joe Biden’s administration decided to quadruple taxes on Chinese electric vehicles. In this respect reports BBC.
The White House announced that the measures were “taken in response to China’s unfair policies and aim to protect jobs in the United States.” The publication notes that Biden decided to take this step after “months of criticism” from former President Donald Trump, who claimed that China’s support for electric vehicles was destroying the American auto industry. Biden later vowed not to allow China to “unfairly control the market” for electric vehicles and other important products, including batteries, computer chips and medical essentials.
White House officials added that the tariffs announced Tuesday will affect $18 billion in Chinese imports.
In response, China’s Ministry of Commerce said the new steps would “seriously affect the atmosphere of bilateral cooperation” and criticized US measures.
Before that, it was known that Joe Biden signed The decree increases customs duties on a wide range of products imported from China ahead of the country’s upcoming presidential elections. Specifically, the US will increase the tariff rate on Chinese semiconductors from 25% to 50% by 2025. A new 25 percent tariff will also be applied to some rare earth minerals this year, while the same rate will be applied to natural graphite and magnets in 2026. Ship cranes will also face a new tariff of 25 percent in 2024.
Previously homeless people in San Francisco stolen Copper wires from Tesla chargers.
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Source: Gazeta
Anika Rood is an author at “Social Bites”. She is an automobile enthusiast who writes about the latest developments and news in the automobile industry. With a deep understanding of the latest technologies and a passion for writing, Anika provides insightful and engaging articles that keep her readers informed and up-to-date on the latest happenings in the world of automobiles.