Financial Times on Nostr: nostr:note1s6kdcsy4la3an920fseq0xeack3gtqadz3hkag0d5f98sws8dslq6nas4c

quoting note1s6k…as4c

US Tariffs on Chinese Battery-Makers to Have Significant Impact
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#52f5979e ver:1.61

The Biden administration's decision to increase tariffs on Chinese imports, including lithium-ion batteries for EVs, will have a significant impact. Chinese battery-makers will be most affected, potentially benefiting Japanese and South Korean competitors. The tariffs aim to encourage US companies to diversify their sourcing away from China. China vows to safeguard its companies' interests, but analysts expect limited economic impact unless Beijing retaliates. The tariffs may accelerate pressure on the EU to adopt a similar stance, worsening US-China ties and potentially leading to further trade tensions. #USChinaTrade #Tariffs #EVs #Batteries...

#newstr #UsTariffs #ChineseBatterymakers #LithiumionBatteries #Evs #Semiconductors #MedicalDevices

https://here.news/story/52f5979e?ver=1.61