Continuing where Trump started
Chinese car manufacturers are not only faced with additional duties here in Europe. This may also be the case in the United States next year.
The United States is considering raising import tariffs on some Chinese products. This would also apply to electric cars built in China, according to reports The Wall Street Journal based on anonymous sources. Former President Donald Trump imposed trade tariffs on Chinese products and his successor, Joe Biden, left them in place. They may be increased from next year.
Analysts doubt whether the possible rate increase will have much effect. A 25 percent duty is already charged on the import of Chinese electric cars. For Chinese manufacturer BYD, which is on the verge of overtaking Tesla as the world’s largest producer of electric cars, that is already enough reason to avoid the US.
– Thanks for information from Autoweek.nl