Beijing slams reported US trade ban on cars with Chinese tech

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.