US Treasury Secretary Janet Yellen testifies before the House Financial Services Committee regarding the department’s annual report on the international financial system, on Capitol Hill in Washington, US, July 9, 2024. — Reuters US Treasury Secretary Janet Yellen on Thursday will reject Republican presidential candidate Donald Trump’s proposals to impose high tariffs on allies and … Read more
In September, the US adopted a 100% tariff on all electric vehicles (EVs) imported from China, along with a 50% tariff on solar cells and a 25% tariff on steel, aluminum, EV batteries and key minerals. The raft of new duties took effect on September 27, and a long-debated 50% tariff on Chinese semiconductors is … Read more
BEIJING: The European Union (EU) voted on Friday to impose tariffs of up to 45 percent on imports of battery electric vehicles (EVs) manufactured in China, a move that has ignited significant opposition from various EU member states and the automotive industry. In response, the China Council for the Promotion of International Trade expressed its … Read more
BEIJING: China’s Ministry of Commerce (MOFCOM) on Friday expressed strong opposition to the EU’s decision to impose anti-subsidy tariffs on Chinese electric vehicles (EVs), following the EU’s vote in favor of the measure. MOFCOM reaffirmed China’s firm and consistent stance, stating that China strongly opposes the EU’s protectionist practices, which it considers unfair, non-compliant and … Read more