Volvo to delay EX30’s US shipments due to higher tariffs on Chinese imports
Volvo, the Swedish luxury brand owned by China’s Geely, started building the EX30 in China, and said last year it would expand production of the small electric SUV to a…
Chinese EV makers shielded by hefty margins as EU unleashes tariff blitz
Chinese-made electric cars will leverage on their low cost structures and extend their market share in Europe despite the EU’s punitive tariffs of up to 38 per cent, and any…
Are we all protectionists now?
Well, he was very interested, and the people at that time were very interested in building infrastructure, in using protection — tariff protection, sounds familiar — to get industries to…
Trump floats eliminating U.S. income tax and replacing it with tariffs on imports
Donald Trump on Thursday brought up the idea of imposing an “all tariff policy” that would ultimately enable the U.S. to get rid of the income tax, sources in a…
New View On Globalization Is Drifting Away From Old Consensus On Free Trade
Like them or not, tariffs, quotas, and tax incentives to keep manufacturers invested locally, are now a tool that Democratic and Republican Presidents are using. The WSJ called tariffs a…
Why Biden Is Escalating Trump’s China Tariffs
US President Joe Biden is stepping up tariffs on products from China in response to what American officials call unfair trade practices. After a review of the increased tariffs his predecessor, Donald Trump, imposed on Chinese…
US solar producers could finally have a fighting chance as tariffs kick in on cheaper imports from Asia
In 2023, the Department of Commerce determined that Chinese solar was making its way into the US duty-free, despite tariffs on imports from the country. Instead, Chinese producers would route…
Volvo Shifting EV Production to Belgium to Avoid China Tariffs
Volvo cars has started to shift production of Chinese-made electric vehicles to Belgium in the expectation that the European Union will drive ahead with a crackdown on Beijing-subsidised imports, the…
The graphite fight: US tariffs trigger race to build non-Chinese supply chain
Graphite has become the latest resource to cause trade tensions between the US and China, with Washington putting pressure on EV and battery makers to build a new non-Chinese supply…
Turkey to Impose Additional 40% Tariff on All China Vehicles
The tariff imposed will be a minimum of $7,000, according to a presidential decision published in the Official Gazette. The decision will be effective after 30 days. Turkey had raised…