'Stay tuned:' U.S., China settle in for long haul on tariffs

Share on linkedin On Tuesday, the White House announced 100% tariffs on Chinese EVs to keep them out of the U.S.That's important because, as S&P Global Commodity Insights and others note, direct Chinese cell exports to the U.S. are very small.

But U.S. project developers are very worried about anti-dumping and countervailing duty petitions the manufacturing coalition filed last month. A preliminary hearing happens is whether Chinese players like BYD might open plants in Mexico or other nations to access the U.S. market.A USTR spokesperson said the U.S.-Mexico-Canada trade agreement has "several provisions for addressing unfair subsidies and non-market trading practices," and the U.S. has "a variety of trade tools" at its disposal.Biden would need new legislation to thwart EVs from Mexico or elsewhere, Capital Alpha Partners' James Lucier argued in a note.

"It is the second quarter of an election year, and President Joe Biden appears to be pursuing key swing-state industrial constituencies," the firm writes.Share on linkedin

Source: Law Daily Report (lawdailyreport.net)

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