Here's what new tariffs on Chinese electric vehicles and batteries, solar cells, medical equipment and other goods, intended to protect U.S. jobs and manufacturers, could do to U.S. consumers in the short term.
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Biden Will Raise Tariffs on Chinese Electric Vehicles, Chips and Other Goods: … array of Chinese imports, including electric vehicles, solar cells, semiconductors and … quadrupling of tariffs on Chinese electric vehicles to 100 percent from … investments in heavy manufacturing, including electric vehicles and other green technologies, to … #car #cars #awesome
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Focused Magnetics | EV and Electrification Strategist | Clean Technologies Startup Development and Marketing | CNB Strategic Consulting
Access is only part of the equation. The US needs to be in the cutting edge of technological innovation as well. Without production here in the US we miss the opportunity to create better solutions. In todays modern world, should anything develop into global conflicts, the supply chain matters. That is how we put paced our enemies in WW II. Conflict deterence is based on superior weaponry but also in our ability to restock domestically.
VP Supply Chain @ONE??I ex-?APPLE & RIVIAN l Inventor of 12 Battery Patents | Board member @Ionic Rare Earths | Advisor @ATHER ?? | Scaled 4 EV ?? & 20+ ? products I WHARTON MBA | IIT Engineer | MS Material Science
A good explanation behind the thinking of President Biden on raising tariffs on Chinese EVs. TL/DR: “There is also a central economic reason to deny China a monopoly: ensuring that electric cars and trucks will always be available, at competitive prices. The Covid-19 pandemic drove home the fragility of global supply chains, as critical products like semiconductors became hard to get from China and other Asian nations that the United States relied upon. Biden officials want to avoid a similar scenario for electric vehicles. Concentrating the supply of E.V.s and other advanced green tech in China would risk “the world’s collective ability to have access to the technologies we need to be successful in a clean energy economy,” https://lnkd.in/dQXn4Btx
Biden Doesn’t Want You Buying an E.V. From China. Here’s Why.
https://www.nytimes.com
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NAMEX Head for Automotive Electronics & E-Mobility, Mobility & Battery Enthusiast, Passionate about Clean Energy & building global teams
Biden unveils major China tariff hikes with EV rate to hit 100% - the tariffs are aimed at ensuring that the new manufacturing jobs created by Biden's legislative measures, such as the Inflation Reduction Act, CHIPS and Science Act and the Bipartisan Infrastructure Law, are not "undercut" by a flood of Chinese exports, in areas such as EVs, batteries, vital medical equipment, steel and aluminum, semiconductors and solar. This has a potential to slow down the growth of EVs in NA. We need both CN and KR based battery manufacturers along with rest of the value chain suppliers to help with the EV growth projected by above legislative measures. Let's get smarter and see how we want to bring the change by working together ......
Biden unveils major China tariff hikes with EV rate to hit 100%
asia.nikkei.com
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In this blog post, I will analyze President Biden's strategy of imposing tariffs on Chinese electric vehicles (EVs) during an election year, exploring whether it is a genuine protective measure or merely political posturing. Initially, I question the administration's stated concerns about cheap Chinese EVs flooding the market, given that other industries like apparel and electronics have long outsourced production for economic benefits. I will discuss the irony of the administration's willingness to offer tax credits for EVs while blocking more affordable options that could accelerate EV adoption, which aligns with Biden's climate goals. Furthermore, I examine the broader implications of protecting higher-cost domestic industries against more competitively priced Chinese EVs, even if it means stifling market competition and innovation. I will also consider potential outcomes if Chinese manufacturers circumvent tariffs by moving production to other countries. Finally, I reflect on the long-term impact of prioritizing immediate political gains over fostering a competitive and innovative automotive sector, drawing parallels with corporate strategies that prioritize enduring success through innovation.
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New US tariffs on Chinese electric vehicles, batteries and solar cells could raise consumer prices. New tariffs on Chinese electric vehicles and batteries, solar cells, medical equipment and other goods are intended to protect U.S. jobs and manufacturers. They could raise prices on certain specific items, experts say, though a broad inflationary impact is unlikely in the short term. The tariffs will be phased in over the next three years, officials said. Those that take effect in 2024 include EVs and EV batteries, along with solar cells, syringes, needles, steel and aluminum and more... https://lnkd.in/d_rXw6yk
New US tariffs on Chinese electric vehicles, batteries and solar cells could raise consumer prices
allsides.com
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Industry leaders react to tariff hikes on China-made goods and the decision to expand Section 301 tariffs. When the Biden Administration revealed?plans for wide-sweeping tariff increases?on goods from #China earlier this week, the White House categorized it as another step to accelerate #technology #manufacturing in the U.S. while combating “China’s unfair trade practices.” The new #tariffs, which include rate increases on electric vehicles,?semiconductors, solar cells and some medical products, will coincide with?the maintenance of previous Section 310 tariffs, according to the Office of the U.S. Trade Representative. #EV #steel #aluminum #lithium #batteries #section301 https://lnkd.in/gjvsWpf5
Industry leaders react to tariff hikes on China-made goods
supplychaindive.com
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Biden jacks up tariffs on electric cars and other imports from China: … tariffs significantly on electric vehicles, semiconductors and several … S. manufacturing of electric vehicles, microchips and other … tariff rate on electric vehicles imported from China … the manufacturing of electric vehicles, clean-energy products … #car #cars #awesome
President Biden imposes major tariff hikes on Chinese electric vehicles, other imports
ydr.com
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?? Supplier News: Biden Administration's 4-Year Review on Section 301 Tariffs Today, significant updates were released from the Biden Administration regarding the Section 301 tariffs on goods from China. The report includes increases on tariffs for critical products like batteries, EVs, and semiconductors. Most existing tariffs will remain unchanged, with the complete list expected next week. In this update, Ann Wilson, EVP at MEMA, dives deeper into what today’s announcement means for suppliers. Additional information is available at mema.org/301tariffs. #MEMAUpdates #TradePolicy #Section301
Ann Wilson provides an update on the Biden administration's review of Section 301 tariffs on goods imported from China, including a partial list of increased tariffs and the opportunity for public comment.
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While these tariffs may bring some challenges, let's remember that a little competition can lead to some exciting developments in the industry. Here's to seeing how these changes will spark new ideas and advancements in technology! #Competition #Innovation #TechTrends
How new China tariffs could affect prices for U.S. business owners, consumers
https://www.marketplace.org
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?? New Tariffs Alert ?? The U.S. has announced new tariffs on a range of Chinese-origin goods, including EVs, semiconductors, and solar cells. With a strategic push for domestic manufacturing, the tariffs aim to reduce dependency on China. An exclusion process for machinery in U.S. manufacturing has also been introduced. #TradeNews #Tariffs #Manufacturing #USChinaTrade #Economy #SupplyChain https://lnkd.in/gwEzfmzz
US Announces New Tariffs on Chinese-Origin Goods, With an Exclusion Process | Skadden, Arps, Slate, Meagher & Flom LLP
skadden.com
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