{"id":50216,"date":"2024-05-14T12:22:26","date_gmt":"2024-05-14T12:22:26","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/05\/14\/biden-hits-chinese-electric-cars-and-solar-cells-with-higher-tariffs\/"},"modified":"2024-05-14T12:22:26","modified_gmt":"2024-05-14T12:22:26","slug":"biden-hits-chinese-electric-cars-and-solar-cells-with-higher-tariffs","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/05\/14\/biden-hits-chinese-electric-cars-and-solar-cells-with-higher-tariffs\/","title":{"rendered":"Biden hits Chinese electric cars and solar cells with higher tariffs"},"content":{"rendered":"
\"Biden<\/div>


\n<\/p>\n

\n

The European Union and the UK are among the other places debating moves to curb imports of Chinese-made electric cars, even at the risk of slowing their adoption. <\/p>\n

“It’s not really a surprise to investors or to Chinese companies, especially in the run-up to an election where both candidates are not really pro-China,” she said. <\/p>\n

“Given the relatively small volume of imports to the US, it’s maybe more interesting what happens next in Europe.”<\/p>\n

The US and China have been locked in a trade war since 2018, when Mr Trump imposed tariffs on some two thirds of goods imported from China, at the time worth an estimated $360bn.<\/p>\n

The measures prompted retaliation by Beijing, a stand-off that ended in a d\u00e9tente in early 2020 when Mr Trump reduced the rate of some tariffs, while China pledged to boost its purchases from the US. <\/p>\n

Those promises have fallen short, but the tariffs have since yielded more than $200bn according to the US, external<\/span><\/a> in new border taxes for the US government, while prompting a major reshuffling of global trade patterns.<\/p>\n

Much of that sum has been paid by everyday Americans in the form of higher prices for furniture, footwear and other goods.<\/p>\n

However, in a research note, Oxford Economics described the latest plans as “more symbolic bark than bite”. <\/p>\n

The firm said they were likely to lift inflation by a negligible 0.01 percentage points, while weighing on growth in a similar way, calling the effect a “rounding error”.<\/p>\n

Reporting contributed by World Business Report radio<\/i><\/p>\n<\/div>\n


\n
Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The European Union and the UK are among the other places debating moves to curb imports of Chinese-made electric cars, even at the risk of slowing their adoption. “It’s not really a surprise to investors or to Chinese companies, especially in the run-up to an election where both candidates are not really pro-China,” she said. […]<\/p>\n","protected":false},"author":2,"featured_media":50217,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/ichef.bbci.co.uk\/news\/1024\/branded_news\/8DA4\/production\/_133306263_gettyimages-2130007567.jpg","fifu_image_alt":"","footnotes":""},"categories":[604],"tags":[45,5529,5587,3394,4178,6572,367,362,18165],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/50216"}],"collection":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/comments?post=50216"}],"version-history":[{"count":1,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/50216\/revisions"}],"predecessor-version":[{"id":50218,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/50216\/revisions\/50218"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media\/50217"}],"wp:attachment":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media?parent=50216"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/categories?post=50216"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/tags?post=50216"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}