Tariffs
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GlobalWafers must go global as tariffs rise worldwide, CEO says
GLOBALWAFERS is actively building out manufacturing overseas in anticipation of rising tariffs on chip materials, underscoring growing expectations that tit-for-tat trade measures will disrupt the semiconductor supply chain in the…
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Nippon Steel calls for Japanese tariffs on China’s exports
THE Japanese steel giant that helped China modernise its mills is worried that a glut of the metal in its neighbour could hurt its domestic market. Nippon Steel, the world’s…
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China’s Xpeng aims to manufacture EVs in Europe to blunt tariffs
XPENG is looking for a manufacturing site in Europe, making it the latest Chinese electric vehicle (EV) maker seeking to mitigate the impact of import tariffs by building its cars…
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Canada Slaps 100% Tariffs On Chinese Electric Vehicles
Canadian Prime Minister Justin Trudeau announced Monday 100 percent tariffs on Chinese electric car imports, matching US measures seeking to fend off a flood of Chinese state-subsidized cars into North…
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Canada to hit China with tariffs on electric vehicles, steel
Canada will impose new tariffs on Chinese-made electric vehicles, aluminium and steel, lining up behind western allies and taking steps to protect domestic manufacturers. The government announced a 100 per…
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Geely says EU tariffs would have big impact as earnings climb
GEELY Automobile Holdings, the Hong Kong-listed arm of billionaire Li Shufu’s car empire, is the latest Chinese automaker to come out swinging against proposed European Union tariffs, saying the extra…
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China’s biodiesel producers seek new outlets as hefty EU tariffs bite
CHINESE biodiesel producers are seeking new outlets in Asia for their exports and exploring producing other biofuels as supply to the European Union, their biggest buyer, dries up ahead of…
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China’s electric vehicles lose ground in EU after new tariffs take effect
EUROPEAN Union tariffs slowed the influx of Chinese-made electric vehicles (EVs) in July, as the bloc moved to protect its automakers from low-cost competition. The number of new EVs that…
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China Launches Appeal At WTO Over EU Electric Vehicle Tariffs
Beijing said Friday it had filed an appeal with the World Trade Organization over the European Union’s imposition of additional tariffs on imports of electric vehicles from China. In July,…
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China’s BYD seeks entry to Canada EV market despite likely tariffs
CHINESE electric carmaker BYD is looking to enter the Canadian market just as Prime Minister Justin Trudeau’s government works to clamp down on imports of vehicles from the Asian powerhouse.…
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Geely’s Zeekr mulls building EVs in Europe to avoid tariffs
ELECTRIC-VEHICLE maker Zeekr is considering making cars in European factories linked to its parent, the Chinese auto conglomerate Zhejiang Geely Holding Group, to avoid European Union tariffs and further its…
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Volvo Cars cuts full-year forecast citing tariffs, Q2 Ebit beats estimates
VOLVO Cars beat second-quarter operating earnings estimates on Thursday (Jul 18) but lowered its full-year retail sales forecast citing the impact of European tariffs on Chinese-made EVs that could affect…
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China unveils next steps in EU brandy probe as EV tariffs take effect
CHINA announced the next step in its anti-dumping investigation into European brandy imports on Friday (Jul 5), ramping up tensions on the same day the European Commission’s provisional tariffs on…
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China’s EV makers Nio, XPeng commit to EU market despite tariffs
CHINA’S electric car makers Nio and XPeng said on Thursday (Jul 4) they had no plans to quit the European market after the European Union imposed tariffs on Chinese-made electric…
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EU slaps Chinese electric cars with tariffs of up to 38%
The European Union on Thursday (Jul 4) slapped extra provisional duties of up to 38 per cent on Chinese electric car imports because of “unfair” state subsidies, despite Beijing’s warnings…
