The EV trade war between China and the West heats up
But Elon Musk’s carmaker is somehow escaping the worst of it
IN the TRADE war between the West and China, a battle over electric vehicles (evs) has begun. In May, as part of a broader volley against Chinese tech, America slapped a 100% duty on Chinese evs. On July 2nd Canada launched a consultation on what it called “unfair Chinese trade practices” in the EV industry. Three days later a provisional tariff of up to 37.6% on Chinese EVs took effect in the EU. On July 10th, days after the symbolic swipe of opening an anti-dumping probe into European brandy, China’s ministry of commerce signalled it will not take the assault lying down. It says it will study whether the EU’s tariffs create barriers to free trade.
Explore more
This article appeared in the Business section of the print edition under the headline “Tit for tat, not Tesla”
Business July 13th 2024
- America’s giant armsmakers are being outgunned
- Why most battery-makers struggle to make money
- What German business makes of France’s leftward turn
- Europe’s biggest debt-collector has a debt problem
- The EV trade war between China and the West heats up
- The CEO’s alternative summer reading list
- Once high-flying Boeing is now a corporate criminal
More from Business
TikTok’s time is up. Can Donald Trump save it?
The imperilled app hopes for help from an old foe
The UFC, Dana White and the rise of bloodsport entertainment
There is more to the mixed-marital-arts impresario than his friendship with Donald Trump
Will Elon Musk scrap his plan to invest in a gigafactory in Mexico?
Donald Trump’s return to the White House may have changed Tesla’s plans
Germany is going nuts for Dubai chocolate
Will the hype last?
The year ahead: a message from the CEO
From the desk of Stew Pidd
One of the biggest energy IPOs in a decade could be around the corner
Venture Global, a large American gas exporter, is going public