- Donald Trump has been elected U.S. president, capping a remarkable comeback four years after he was voted out of the White House.
It's unclear if Trump would roll back the scheme, which he called"bad." He made comments on the campaign trail that Chinese-claimed Taiwan should pay to be protected and also accused the island of stealing business from American semiconductor companies.Trump has floated the idea of a 10% or more tariff on all goods imported into the U.S., a move he says would eliminate the trade deficit.
He said if such measures became permanent, Honda would have to consider shifting production to the U.S. or another tariff-free country in the long run.), which have multiple EV battery factories operating in the United States, are now bracing for a potential roll back of President Joe Biden's signature clean energy policy and looser emissions regulations.Since 2023, LG Energy Solution and SK On have received 2.6 billion won in U.S.
The trade war hit sectors across the board, from manufacturers of vacuum cleaners to machinery, with tariffs imposed on more than $200 billion of goods. The Biden administration has kept most of the tariffs in place. Some Chinese exporters are making plans to accelerate relocation or open factories outside China to cope with Trump's return.
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