US Tariff Hikes on Chinese Goods Intensify Trade Tensions
New US tariffs on Chinese EVs and batteries signal a strategic shift, pressuring the EU to follow suit.
- The US has imposed tariffs up to 100% on Chinese electric vehicles and significantly increased duties on lithium-ion batteries.
- These measures are part of a broader strategy to protect US clean tech industries and reduce dependency on Chinese imports.
- The EU faces pressure to align with the US stance, complicating its efforts to balance economic security with trade relations.
- China's potential countermeasures could include challenging EU's anti-subsidy investigations and imposing retaliatory tariffs.
- The escalating trade conflict underscores a growing economic and technological bifurcation between the US and China.