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On a recent trip to China for the Tsinghua University School of Economics and Management’s 40th-anniversary reunion, I had the opportunity to reconnect with old classmates and explore potential business opportunities in post-Covid China.
The European Union’s new tariffs imposed on Chinese electric vehicles (EVs) will not greatly impact imports from China, according to the view of a former general counsel of the Office of the United States Trade Representative (USTR).
Beijing has vowed to retaliate if the European Union defies its warning and imposes new tariffs on Chinese electric vehicles (EVs). Currently, there is a 10% tariff on all imported cars in Europe.
Joe Biden is about to slap 100% tariffs on Chinese-made electric vehicles. A 100% tariff is an absolutely huge tariff. It means that Chinese EV makers would have to sell their EVs in the US at half the price of EVs manufactured elsewhere in order to be competitive. That just isn’t going to happen.
Chinese President Xi Jinping’s decision to visit France, Serbia and Hungary for his first European tour in five years was no random choice.
While Tesla lays off more than 10% of its workforce, South Korea’s Hyundai Motor Group plans to hire 80,000 new employees, increasing its headcount by about 30% over the next three years.
BANGKOK – China’s imported electric vehicles (EVs) are heavily denting US and Japanese car sales in Thailand, prompting Chinese manufacturers to invest more than a billion dollars to assemble their EVs near Bangkok to expand domestic sales and accelerate international exports.