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The United States is intensifying its trade conflict with China by imposing significantly higher tariffs on various key sectors, including semiconductors, electric vehicles, batteries, and essential raw materials. This escalation involves doubling the tariffs on semiconductors imported from China from 25% to 50% starting in 2025. Additionally, tariffs on electric vehicles will surge from 50% to 100% later this year. The US government is also planning to raise tariffs on batteries and battery components from 7.5% to 25% by the end of the year, along with imposing tariffs on solar panels, marking a clear response to what it perceives as unfair trade practices. #electricalengineering #electronics #embedded #embeddedsystems #electrical #computerchips Follow us on LinkedIn to get daily news: HardwareBee - Electronic News and Vendor Directory

I'm excited to share my latest article “Despite tariffs, Chinese EV makers still make inroads,” has been published by Voice of America. In this piece, I explore how Chinese electric vehicle manufacturers are navigating the complexities of international trade, especially with the challenges posed by recent tariffs. It was great speaking and collaborating with Chengyi Lin, affiliate professor at INSEAD University, Mark Kennedy, director of the Wahba Institute for Strategic Competition at The Wilson Center, and Tom Moerenhout, professor and critical materials lead at Columbia University's Center on Global Energy Policy, who each provided valuable insights on this important topic. Many thanks to them. 🔗 Read the full article here: https://lnkd.in/duPstZsF #ElectricVehicles #EV #InternationalTrade #Innovation #AutomotiveIndustry #China #Tariffs #JHU

A simmering trade war with China may hinder America's transition to electric vehicles. The U.S. auto industry relies heavily on Chinese batteries — more than half of American's lithium ion battery imports originate in China. As the tariff on those batteries more than triples from today's rates of 7.5% to 25% this year, the increased prices risk "further slowing down the electrification process." Electric vehicles are already less affordable than their conventional gasoline-powered counterparts. The average transaction price of an EV was $55,252 in April, while the average for cars with internal combustion engines was $48,510. Any tariff-related EV price increase passed down to consumers would exacerbate that disparity. The prospect of such headwinds runs counter to broader federal efforts to accelerate an electrification transition. One part of that involves a fervent push to establish a domestic supply chain for batteries and their raw materials through passage of the Inflation Reduction Act in 2022. But it may take three to five years for mines and factories spawned by that legislation to begin production. https://lnkd.in/e7J8_WMG

U.S. plans to raise tariffs on Chinese electric vehicles: … on imports from China, including electric vehicles (EVs), semiconductors, solar equipment, … products, with the rate on electric vehicles potentially rising from the current … sales, aiming to dominate the electric vehicle market, projecting 60 million annual … #car #cars #awesome

The United States will impose significant tariff increases on various Chinese goods, including a 100 percent tariff on electric vehicles and a 25 percent tariff on electric vehicle batteries, effective in two weeks. This initiative targets key sectors such as EVs, semiconductors, batteries, and solar cells, reflecting a strategy announced earlier this year. The move has elicited strong responses from Beijing as competition intensifies between the nations. These tariffs are strategically aligned with the upcoming November presidential election, with both parties aiming to showcase a tough stance on China. U.S. Trade Representative Katherine Tai emphasized that the tariffs are intended to combat China's detrimental policies affecting American workers and businesses. Looking ahead, a 50 percent duty on semiconductors is planned for 2025, and a 25 percent tariff on non-EV lithium-ion batteries will be implemented in January 2026. #MotiveAsia #China https://lnkd.in/gmKNGRBU

In recent months, the US and the EU have looked to impose tariffs on Chinese electric vehicles in an attempt to foster more diverse domestic supply chains, countering what is viewed as over-subsidized competition from China. While these tariffs will support a stronger domestic EV market, the EU must ensure they are accompanied by policy that secures greater investment in the European market. There is no doubt that China currently dominates the market. Estimates suggest that China controls 85% of global lithium-ion battery output and exported most of EVs into Europe in 2023. But as the EU looks to apply a nearly 50% tariff on some Chinese EVs, we can’t forget the role that strong regulation – such as Europe’s 2035 cars regulation – plays in attracting battery investment and scaling the European EV market. “The European green agenda has come with a promise of green jobs and green growth,” T&E’s Julia Poliscanova told Benchmark Mineral Intelligence. “And if the entire transition is relying on imported technology, those jobs won’t materialise.” Read the article ➡️ https://lnkd.in/euqazh7M

While tariffs are imposed by the US on Chinese electronic vehicles (EV) and the EU introduces protectives measures, the Latin American markets offer opportunities for China’s EV industry. China’s growing exports and overseas production of high-tech green products pose new opportunities for Latin America. As Latin American states export critical raw materials like lithium, they also seek more investments in value-added manufacturing. Chinese companies meet the region’s growing need for affordable EVs and boost the local economy through value-added manufacturing. Amid rising US-China geopolitical rivalry, this integrates the region further economically and technologically with China. https://lnkd.in/dgE6Sjya

New US-China Tariffs https://lnkd.in/eJ5WYhWG A large scale package of import tariffs include semiconductors, electric vehicles, batteries and battery components, solar cells, and a number of base components for high-tech equipment. Semiconductor tariffs will effectively double in 2025. #internationaltrade #tariffs #semiconductors

US Tariff Increases: What is the impact on the US and China markets for electric vehicles and Li-ion batteries? Last month, the Biden administration announced additional tariffs on $18 billions worth of goods from China. This includes a tariff increase on electric vehicles (EVs) and lithium-ion batteries for EVs. What impact might this change have on both sides? Read on for some insight into the topic from Yvonne Zhang ⏬ #tariffincrease #usa #bidenadministration #china #ev #battery https://lnkd.in/eRwMm48b

The Biden administration has delayed an announcement on final determinations regarding steep tariff increases on Chinese made electric vehicles, batteries, semiconductors, and solar cells which were due to begin on August 1. The United States is currently scheduled to implement a 100% tariff on China-made EVs, a 50% tariff on semiconductors and solar cells, and a 25% tariff on lithium-ion batteries and strategic goods such as steel, aluminum and ship-to-shore cranes in the coming days. Washington is implementing the tariffs as it seeks to decrease its reliance on China along with views that China allegedly has used unfair business practices to expedite the growth of certain industries critical to supply chains and the global green transition. #WorldEconomy #WorldOutlook #GlobalRivalry #GlobalOutlook #CorporateStrategy #BusinessStrategy #Strategy #Geostrategy #Geopolitics #GeopoliticalRisks #Politics #WorldPolitics #WorldAffairs #GlobalAffairs #ForeignRelations #ForeignAffairs #ForeignPolicy #InternationalRelations #InternationalAffairs #TradeWar #TechWar #EconomicWar #China #UnitedStates https://lnkd.in/grEpbt2E