According to media reports, the United States is considering increasing tariffs on electric cars and other Chinese products in an attempt to reduce dependence on the world’s second-largest economy and support American Green Energy Industries.
The US Wall Street Journal, citing sources described by the insider, said that the administration of President Joe Biden, which maintained the duties imposed by former President Donald Trump on imports from China worth 300 billion dollars, is currently considering increasing these duties again, as the revision of duties is expected to be completed early in the new year.
According to estimates by Bloomberg New Energy Finance News Service, China has become the largest country in the electric car industry, as it is expected to account for about 60% of the total number of electric cars sold in the world this year, amounting to 14.1 million vehicles.
Bloomberg reported that this Chinese control has raised tensions in other regions of the world, especially in Europe, which last September launched an investigation into Chinese government subsidies to the electric car industry, as EU officials claim that China is flooding the European market with its cheap, unfairly subsidized electric cars. But China considers the European investigation to be in violation of WTO rules.
Chinese electric cars imported into the United States are currently subject to 25% tariffs, which limits their ability to enter this market. For example, the company did not sell B.Y.y.China has no electric car in North America even though it is on the cusp of being the largest electric car company in the world in terms of sales and surpassing its American rival Tesla.
