Beijing slams reported US trade ban on cars with Chinese tech

The principles, if confirmed, may mark the latest increase of a bubbling business row between the US and China.

Washington announced rough tax increases on Chinese imports like semiconductors and electric vehicles in May.

The price hikes hit US$ 18 billion value of Chinese goods, targeting strategic areas like Vehicles, batteries, essential minerals and health products, the White House said.

The tariff on semiconductors will increase from 25 % to 50 % by the following year, while the tariff on EVs will quadruple to 100 % this year.

In preparation for the November presidential poll, where both Democrats and Republicans are attempting to take a hard stance on China as the conflict between the two nations grows, those plans were finalized this month.

Following a review of charges imposed by then-president Donald Trump, which had an impact on about US$ 300 billion in goods from China, the US$ 18 billion was subject to the price increases.

The US Trade Representative’s department confirmed that a 50 % work on semiconductors would commence in 2025, a significant increase from the previous one, along with tax increases, including those affecting solar cell.

US President Joe Biden has accused Beijing of” cheating” rather than competing on business.