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The U.S. is taking a bold step to protect its auto industry by raising tariffs on EVs, batteries, and materials from China. The Biden Administration has announced an increase from 25% to as much as 100% on these imports. This move comes as China's exports of electric vehicles grew by a staggering 70% from 2022 to 2023. The aim is to bolster U.S. auto manufacturing and reduce reliance on foreign imports. How do you think this will impact the EV market and consumers? #EVs #Tariffs #USAutoIndustry #TradePolicy

European Union slashes planned tariffs on China-made Tesla EVs, other Chinese firms. EVs made by Tesla in China will now face duties of 9% on imports to the EU. That is down from an anticipated rate of 20.8%, which the EU signposted in an earlier decision in July. BYD, saw its tariff rate reduced from 17.4% to 17%; GEELY from 19.9% to 19.3%, SAIC from 37.6% to 36.3%. Source: https://lnkd.in/gCFKAuaW CNBC For more NEWS, EVENTS and JOBS in the battery and EV #industry, visit us @ https://lnkd.in/ehH2KFSe #battery #tariff #eu #china #tesla #manufacturing #import #duty

The European Union's decision to slash tariffs on China-made Tesla EVs from 20.8% to 9% marks a significant shift in trade policy. 🚗⚡ This adjustment comes after Tesla's request for recalculations, benefiting from specific subsidies in China. With other Chinese EV firms also seeing reduced tariffs, the European market remains a competitive arena. This could boost EV adoption in Europe amidst ongoing global trade dynamics. 🌍 #Tesla #EVs #TradePolicy #EU #Sustainability #MOVE2025 MOVE: Mobility Re-imagined 📰 Read more here:

Why is Europe raising tariffs on electric car imports from China? Europe plans to impose an additional duty of up to 36.3% on electric cars imported from China, following an investigation into Beijing’s subsidies to the auto industry, which could speed up aid for European carmakers struggling to compete with cheaper electric vehicles supplied by China. These tariffs are expected to hurt companies such as BYD, SAIC Motor and Geely. In addition, this could have a negative impact on Western companies that export cars made in their Chinese factories to Europe, such as Tesla, which will face an additional 9% tariff.

The European Union will reportedly notify carmakers today that it will impose a provisional additional 25 percent import levy on China-made electric vehicles, according to the Financial Times. The tariffs will apply to all EVs made in the People’s Republic, including ones from Western companies like Tesla, Dacia, or BMW. Roughly 19.5 percent of electric vehicles sold in Europe last year were made in China, putting the cost of the levies at approximately two billion euros. #evs #eu #criticalminerals #rawmaterials #electricvehicles

The European Union on Tuesday said planned tariffs on Tesla vehicles being imported from China would be cut to 9% from 20.8%, while also reducing a number of planned import duties on other electric vehicle firms. ➡️ In June, the EU Commission said it would slap higher tariffs on Chinese electric vehicle imports, which it found benefit “heavily from unfair subsidies” and pose a “threat of economic injury” to EV producers in Europe. ➡️The EU Commission disclosed on Tuesday its draft decision to “impose definitive countervailing duties on imports of battery electric vehicles (BEVs) from China.” ➡️ It comes after Tesla made a “substantiated request” to the EU that planned tariffs on its China-made EVs be recalculated to reflect specific subsidies the company receives in China. Read more: https://cnb.cx/3X7cDgt

Reduction of China's EV tariffs in Europe The European Union has reduced its proposed additional tariff on Tesla for electric vehicles imported from China by more than half. The new reduced extra rate for Tesla is 9%, lower than the initial rate of 20.8% in July. Additionally, the EU still believes that Chinese EV production has benefited from extensive subsidies and has proposed duties of up to 36.3% on other companies. China has opposed these findings and vowed to protect its firms against any measures. #europe #ev #tarriffs #china https://lnkd.in/ethGhNY3

📢 The European Commission may reduce tariffs on China-made EV imports for Volkswagen and BMW Group, potentially lowering rates from 37.6% to 20.8% 🚗🌍 This early compromise aims to support top European car manufacturers while mitigating fears of retaliation from China. Read the full details on the evolving trade landscape. 🔗 Full article: https://lnkd.in/dxFD8dTb #TradePolicy #ElectricVehicles #BMW #Volkswagen #EUTrade #GlobalEconomy #EVMarket #China #Tariffs 🚘🌿

China Urges Automakers to Pause Investments in EU Countries Supporting EV Tariffs China has advised its carmakers, including major players like BYD, SAIC, and Geely, to suspend substantial investments in European countries that backed new tariffs on Chinese-built electric vehicles. The European Union recently imposed tariffs of up to 45.3%, after a year-long investigation that created divisions within the bloc, with ten countries supporting the measure and five, including Germany, opposing it. According to people who declined to be named, as the meeting was not public, the Ministry of Commerce instructed automakers to reconsider investments in countries supporting or abstaining from the vote, while encouraging investments in nations that opposed the tariffs. #china #europe #ev #electircvehicle #economy #timewilltell source : reuters

This move highlights the intensifying trade tensions between China and the EU, with potential impacts on both the global EV market and broader investment trends. 🌍 The EU’s EV tariffs create a challenging climate for Chinese automakers, and China’s response signals how geopolitical strategies could shape future investments. For investors, this brings both risk and opportunity. Interested in understanding how these shifts might influence stock picks and sectors to watch? My latest article dives into the current market movers and hidden opportunities for investors navigating global policy changes. Don't miss the chance to stay ahead of market trends! 👉 https://lnkd.in/gQEbFis7 Plus, join 10,000+ investors getting portfolio tips for free: https://lnkd.in/gSBkNfPk 🔔 Follow estimatedstocks.com 🌟 #GlobalMarkets #EVInvesting #EstimatedStocks