#china #chinanews #usa #europe #japan #SoutheastAsia #automobile
In May 2024, the White House issued a blockbuster statement announcing that it would significantly increase tariffs on a series of goods imported from China, such as electric vehicles and chip products. The implementation time of this policy will last from 2024 to 2026.
Among them, the increase in electric vehicle tariffs is particularly significant, with the tax rate rising sharply from the existing 25% to 100%. Coupled with the United States' own 2.5% basic tariff, the import tariff on Chinese electric vehicles will reach 102.5%.
After the United States implemented new tariffs, the European Union also adopted similar sanctions on Chinese cars. After an eight-month investigation, the EU decided to impose temporary countervailing duties on electric vehicle imports from China. The measure officially came into effect on July 4. But unexpectedly, Japan unexpectedly became the biggest loser in the tariff war between Europe and China.
So, under the collective suppression of Western countries, how should China's electric vehicle industry respond? At the same time, why will Japan become the biggest victim of this tariff war?
*********************************************************
This Is A Channel That Discusses China's Strategy And The Rise Of Asia. We Will Provide An In-Depth Analysis Of The Development Trends In Asia And The Impact Of China's Rise In This New Era. Subscribe To My Channel Now And Learn More About The Latest Developments In China's Strategy, Geopolitics, And Economic Rise.
*********************************************************
DISCLAIMER: Our channel is purely made for Information purposes, based on facts, rumors, and fiction.
*********************************************************
MUSIC: StoryBlocks/Audio Library
🎥FOOTAGE licensed through StoryBlocks and Filmpac.
*********************************************************
Copyright Disclaimer under section 107 of the Copyright Act 1976, allowance is made for “fair use” for purposes such as criticism, comment, news reporting, teaching, scholarship, education, and research. Fair use is a use permitted by copyright statutes that might otherwise be infringing.
