How have US and EU tariffs impacted Chinese electric vehicle exports?
Under the Biden administration, the US increased tariffs on Chinese EVs to 100%, while President Trump recently announced an additional 10% levy on Chinese goods. These actions create significant barriers for Chinese electric vehicle manufacturers seeking to enter the American market. Similarly, after investigating subsidization in China's automotive industry, the European Union imposed taxes of up to 35% on Chinese EVs. These combined trade measures from major Western economies represent substantial challenges for Chinese EV manufacturers like Zeekr, forcing them to reconsider their export strategies and potentially focus on alternative markets in regions like Australia and Southeast Asia.
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US Tariffs Impact on Chinese Electric Vehicle Exports
Al Jazeera English·8 months ago
Answered in this video
What processes are used in the factory for Zeekr, one of China's premium electric vehicle brands?
What percentage of total car sales in China are electric vehicle (EV) sales expected to account for by 2025?
Which countries has Zeekr expanded into in the last two years?
What qualities of electric vehicles are consumers valuing according to the Al Jazeera correspondent?
What strategy is helping exports become a bright spot for China's economy in the electric vehicle market?
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