On May 14, local time, the White House announced that it would impose tariffs on a range of Chinese goods, including electric cars, computer chips and medical supplies.
According to the White House website, the tariff on Chinese electric vehicles will be raised to 100% from the current 25%, with a special tariff of 2.5%. The Biden administration will continue to maintain the tariff policies implemented by its predecessor, the Trump administration, and increase tariffs on other goods, according to a statement posted on the White House website.
The measures will affect 18 billion dollars worth of goods imported from China, including steel and aluminum, semiconductors, batteries, key minerals, solar cells and cranes.
,” Chinese Foreign Ministry spokesman Wang Wenbin said at the meeting of the Foreign Ministry on 14 May: China has always opposed violating WTO rules and unilaterally imposing tariffs, and China will take all necessary measures to safeguard its legitimate rights and interests.
According to the website of the Ministry of Commerce on the 14th, a spokesman for the Ministry of Commerce made a statement on the results of the quadrennial review of the 301 tariff imposed on China by the United States.
On May 14, the US side released the results of the four-year review of the 301 tariff on China, announcing that on the basis of the original 301 tariff on China, further increase tariffs on electric vehicles, lithium batteries, photovoltaic batteries, key minerals, semiconductors, steel and aluminum, port cranes, personal protective equipment and other products imported from China.
The Chinese side firmly opposes and solemnly makes representations.
Out of domestic political considerations, the US side abused the 301 tariff review procedure, further raised the 301 tariff imposed on some Chinese products, and politicized and instrumentalized economic and trade issues.
this is a typical political manipulation, and the Chinese side is strongly dissatisfied with this.
The WTO has long ruled that tariff 301 violates WTO rules.
Instead of correcting it, the US side is bent on going its own way, making mistakes again and again.
The 301 tariff increase by the US side violates President Biden’s commitment of “not seeking to suppress and curb China’s development” and “not seeking to decouple from China”, nor is it in line with the spirit of consensus reached by the heads of state of the two countries, which will seriously affect the atmosphere of bilateral cooperation.
The US side should immediately correct its erroneous practices and abolish the measures to impose tariffs on China.
China will take resolute measures to safeguard its own rights and interests.
According to FAP on May 15, US Treasury Secretary Yellen said that with the passage of time, the price of electric cars made in the United States will fall.
In addition, according to Reuters on May 14, the Biden administration’s new tariffs on Chinese electric vehicles and other strategic industries are designed to protect the future of US manufacturing, but may accelerate the transfer of Chinese production to places such as Mexico and Vietnam to avoid these problems.
Us officials and trade experts say Chinese overpriced surplus goods will still enter the US market if strong measures are not taken to cut off Chinese goods that are transshipped or lightly processed from Mexico and other countries.
No matter how high tariffs are, they cannot protect the American auto industry.
The United States boasts that the country is based on free trade, according to an editorial titled “Global Times” on May 12.
The act of raising 100% tariffs on goods from other countries, for whatever reason, is a clear violation of WTO rules and the spirit of free trade.
If the appeal goes to the WTO for arbitration, the United States will lose 100% of the case and be condemned by the international community.
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