, chief counsel for China Trade Enforcement in the Office of the U.S. Trade Representative, said there are levels of defense the U.S. has against the communist nation from spreading its EV influence, including a 27.5% tariff on Chinese-made vehicles and new tax incentives to bolster domestic production.
“We will obviously continue to assess the challenges. We are vigilant to threats, and we won’t take things off the table,” Mr.said during a virtual event held by the Washington International Trade Association. “We will take responses as necessary to meet the challenges of protecting workers against unfair trade.”
A proposed rule from the Environmental Protection Agency would force U.S. automakers to sell mostly EVs by 2030, sparking concerns among the industry and Republicans that such a rapid shift would only further solidifyThe U.S. EV market share was roughly 7% of new cars sold in 2022. Industry analysts are also raising alarm bells about aggressive global expansion by Chinese automakers, prompting fears it will only become easier for
to penetrate the U.S. EV market or skirt tariffs by using operations in other countries to export vehicles.
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: YahooNews - 🏆 380. / 59 Read more »