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The US Prepares to Implement New Tariffs on China's EV and Solar Industries, and the Possible Consequences Could be Even More Devastating Than the Previous Trade War.

Benzinga LogoBenzinga1w ago

The US Prepares to Implement New Tariffs on China's EV and Solar Industries, and the Possible Consequences Could be Even More Devastating Than the Previous Trade War. - Benzinga

Quick Summary:

It’s part of a broader effort by Western leaders, including those from the U.S.and the European Union, to counteract what they perceive as harmful economic practices by China, particularly its state subsidies that lead to an influx of inexpensive exports threatening jobs in U.S.and EU markets, Bloomberg reports.

Fitch Ratings Warns Of USD GDP Decline, Goldman Sachs Highlights Chinese Economic Struggles

In a politically charged year, both Biden and Trump are positioning themselves as strong against China’s economic policies.

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The US Prepares to Implement New Tariffs on China's EV and Solar Industries, and the Possible Consequences Could be Even More Devastating Than the Previous Trade War. - Benzinga (Picture 1)

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Article Details

Author / Journalist: Piero Cingari

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-05-10 @ 13:36:09 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 622 words

Reading Time: 4 minutes read

Sentences: 22 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 20930894

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About Benzinga

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Main Topics: Technology

Official Website: benzinga.com

Update Frequency: 40 posts per day

Year Established: 2010

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #53

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  • URL: https://beamstart.com/news/us-ready-to-impose-new-17153484496017

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