Biden administration considers penalties for Chinese EV companies in Mexico
The Biden Administration is considering penalties for Chinese electric vehicle (EV) automakers who are moving production to Mexico.
On May 14, 2024, the Biden Administration released new tariffs on Chinese EV imports and other sectors to protect American workers and businesses in the United States. The tariffs are estimated to affect $18 billion products from China including steel, aluminum, computer chips, and solar cells. Chinese EV import tariffs increased by over 102%, the highest among other China-made products.
“We’re not going to let China flood our market making it impossible for American auto—auto manufacturers to compete fairly. I will do it by following international trade laws,” Biden said.
The White House is thinking of adding penalties to the tariff if Chinese EV makers move production to Mexico to circumvent new import taxes. According to U.S. Trade Representative Katherine Tai, the White House would have to follow a different route to launch penalties on Chinese EVs produced in Mexico.
Tai stated that China might use Mexico to avoid the United States tariffs on its imports. China’s leading automaker, BYD, has already started exploring opportunities in Mexico. Recently, it launched the BYD Shark hybrid pickup truck in the Mexican auto market. Earlier this year, news broke that BYD is thinking of expanding its global presence by building an electric vehicle plant in Mexico. It was considering a site in Nuevo León, where Tesla plans to build Giga Mexico.
If you have any tips, contact me at [email protected] or via X @Writer_01001101.
The post Biden administration considers penalties for Chinese EV companies in Mexico appeared first on TESLARATI.
Source: https://www.teslarati.com/biden-administration-penalties-china-ev-mexico/
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Lion’s Mane Mushroom
Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, But it benefits growth of Essential Gut Flora, further enhancing your Vitality.
Our Formula includes:
Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity.
Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins.
Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system.
Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome.
Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function.
Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules. Today Be 100% Satisfied Or Receive A Full Money Back Guarantee Order Yours Today By Following This Link.