Biden Targets Mexico in Chinese Steel CrackdownThe Biden administration has imposed high tariffs on Chinese steel and aluminum products imported through Mexico. This follows a decision to more than triple tariffs on Chinese steel, essentially blocking the “transshipment” of Chinese products. Analysts suggest this move is a strategic play to win over voters in the Rust Belt, a region with a […]
Trump Eyes 10% Tariff Comeback: What It Means for Your WalletTrump is considering implementing a 10% tariff on all imported goods if he wins the November election and returns to the White House.
China's EV Exports to Europe Hit by New Tariffs Starting JulyThe impact of European tariffs on Chinese electric vehicle (EV) companies will be implemented in July. According to the China Passenger Car Association (CPCA), retail sales of EVs increased 38.6% from the last year reaching 804,000 units. Cumulative sales in May were 3.249 million units with a 34.2% increase compared to the previous year’s performance. […]
Pork Politics: China's Latest Trade Move Against the EUChina announced on June 17 that it has launched an anti-dumping investigation into pork and pork by-products from the European Union (EU). The Chinese Ministry of Commerce has hinted at retaliatory measures, including countermeasures after the EU announced provisional measures to impose a tariff bomb on Chinese electric vehicles. The Chinese Ministry of Commerce announced […]
Will Trump's Controversial Trade-Off Lead to No More Income Tax?Janet Yellen, the U.S. Secretary of the Treasury, criticized former President Donald Trump’s proposal to abolish income tax and replace it with tariffs on imported goods, stating it would significantly exacerbate the hardship of Americans. In an interview with ABC, Yellen discussed Trump’s tax cut idea, stating, “A tariff well over 100% would be necessary,” […]
China Warns of Long-Term Impact on EU Economy from New EV TariffsIn response to the European Union’s (EU) announcement of imposing additional tariffs on Chinese-made electric vehicles (EVs), China has hinted at a strong countermeasure, stating that “this action will harm the interests of the EU.” According to Chinese media outlets on the 16th, the National Development and Reform Commission (NDRC), the department overseeing China’s economic […]
BYD Stock Surges Despite New EU TariffsAP Newsis NH Investment & Securities stated on the 14th that the stock price of BYD has surged despite Europe imposing additional tariffs on Chinese electric vehicles (EVs). The firm analyzed that the impact of these measures on earnings is projected to be limited, and attention should be paid to the company’s competitiveness. The European […]
Trade War Escalates As EU Slaps Hefty Tariffs on Chinese EVsAmid the European Union (EU) threatening to impose a tariff bomb of up to 48% on Chinese electric vehicles (EVs), China has embarked on the countdown for retaliatory measures. There are suggestions that retaliatory tariffs might be imposed on products including dairy and pork from the EU. On the 13th, the Spokesperson for the Ministry […]
Musk Opposes U.S. Government's Recent Tariff Increase on EV ImportsElon Musk, CEO of Tesla, expressed his opposition on the 23rd (local time) to the U.S. government’s decision to significantly increase tariffs on Chinese-made electric vehicles (EV). According to Reuters and other sources, Musk participated in a video conference at the Viva Technology event in Paris, France, stating, “Tesla and I did not request these […]
U.S. Tariff Hike on Chinese Goods Could Reshape Medical Industry in South KoreaImage Today With the Biden administration pushing for a tariff increase on Chinese medical devices such as syringes, needles, rubber gloves, and face masks, South Korean companies, which have struggled to secure market share due to low-cost competition, are expected to benefit from the situation. However, the pharmaceutical and biotech industries remain nervous, warning that […]
China Makes Strategic Move That Worries Western CompaniesAccording to recent assessments, Chinese companies are expanding their dominance in the mineral market despite years of sanctions. The Wall Street Journal (WSJ) reported on the 20th (local time) that China is winning the mineral war, with Chinese companies aggressively expanding their businesses, over-supplying, and driving down prices to push out competitors. According to raw […]
South Korea Preps New Strategy After U.S. Takes Bold Step Against Chinese ImportsDeputy Prime Minister and Minister of Strategy and Finance, Choi Sang Mok, emphasized the need to prepare for the increasing uncertainty in the global economic and trade environment as the United States announced tariff increases on strategic items worth $18 billion imported from China. According to the Ministry of Strategy and Finance, on the 21st, […]
Trade Tensions Escalate: China Hits Back with Tariffs on U.S. SoybeansChina is escalating its countermeasures against Western sanctions, particularly those imposed by the United States. It is considering imposing retaliatory tariffs against the high tariffs set by the U.S. and is exploring alternative trade partners such as Russia and Brazil. China has also hinted at retaliation against the European Union (EU) for initiating investigations into […]
White House Targets Chinese Solar Imports: Tariffs on Dual-sided Panels and Blocking Circumventing Exports through Southeast AsiaThe U.S. government has decided to reimpose tariffs on made-in-China dual-sided solar panels. This move comes on the heels of increasing tariffs on China-made solar cells to 50%, which doubles the existing rate, and shows that the U.S. government is targeting the Chinese solar industry. The White House announced on the 16th (local time) that […]
Will Chinese Electric Cars Dominate Europe? U.S. Tariffs Shift Focus[The Guru=Yoon Jin-Woong Reporter] Chinese electric vehicles (EVs) are being identified as disruptiv ...
Hitting China Where It Hurts: Biden Raises Tariffs on Electric Cars and SemiconductorsThe Biden administration in the United States has significantly increased trade barriers against China by quadrupling the tariff on Chinese electric vehicles to 100% and imposing high tariffs on some semiconductors. This move appears to preemptively block the entry of Chinese low-cost exports into the U.S. market while demonstrating its willingness to watch over China […]
Biden's Trade Tactics: New Tariffs Targeting Chinese Electric CarsThe Biden administration in the United States is expected to announce a comprehensive decision on tariffs against China as early as this Tuesday, according to Bloomberg News on May 9, 2024. This is expected to target key strategic sectors while rejecting the comprehensive tariff hike pushed by former President Donald Trump. The U.S. government plans […]
Chile Takes a Stand: Slaps Up to 33.5% Tariff on Chinese SteelChinese steel exports to Central and South America have increased by 88 times in comparison to the year 2000 The Chilean government has decided to impose anti-dumping duties of up to 33.5% on cheap Chinese steel subsidized by the Chinese government. The Chilean Anti-Competitive Market Distortions Office for the Prevention of Price Distortions announced on the […]
Fears Arise As Biden's Tariff Hike Intensifies U.S.-China DisputesOn the 22nd, Samsung Securities analyzed the possibility of the U.S.-China dispute, which has resurfaced as a hot topic in the financial market and is likely to intensify. President Joe Biden recently announced plans to raise tariffs on Chinese steel and aluminum from 7.5% to 25%. The U.S. Trade Representative Katherine Tai revealed that they […]
Biden's Trade War: U.S. to Triple Tariffs on Chinese SteelAfter Donald Trump, President Joe Biden has also declared a substantial tariff hike on Chinese steel products and related items. As declarations and competition for protectionist measures aimed at China heighten, trade tensions between the U.S. and China are predicted to intensify. As reported by Yonhap News, President Biden visited the United Steelworkers (USW) headquarters […]
Biden Targets Mexico in Chinese Steel Crackdown The Biden administration has imposed high tariffs on Chinese steel and aluminum products imported through Mexico. This follows a decision to more than triple tariffs on Chinese steel, essentially blocking the “transshipment” of Chinese products. Analysts suggest this move is a strategic play to win over voters in the Rust Belt, a region with a […]
Trump Eyes 10% Tariff Comeback: What It Means for Your Wallet Trump is considering implementing a 10% tariff on all imported goods if he wins the November election and returns to the White House.
China's EV Exports to Europe Hit by New Tariffs Starting July The impact of European tariffs on Chinese electric vehicle (EV) companies will be implemented in July. According to the China Passenger Car Association (CPCA), retail sales of EVs increased 38.6% from the last year reaching 804,000 units. Cumulative sales in May were 3.249 million units with a 34.2% increase compared to the previous year’s performance. […]
Pork Politics: China's Latest Trade Move Against the EU China announced on June 17 that it has launched an anti-dumping investigation into pork and pork by-products from the European Union (EU). The Chinese Ministry of Commerce has hinted at retaliatory measures, including countermeasures after the EU announced provisional measures to impose a tariff bomb on Chinese electric vehicles. The Chinese Ministry of Commerce announced […]
Will Trump's Controversial Trade-Off Lead to No More Income Tax? Janet Yellen, the U.S. Secretary of the Treasury, criticized former President Donald Trump’s proposal to abolish income tax and replace it with tariffs on imported goods, stating it would significantly exacerbate the hardship of Americans. In an interview with ABC, Yellen discussed Trump’s tax cut idea, stating, “A tariff well over 100% would be necessary,” […]
China Warns of Long-Term Impact on EU Economy from New EV Tariffs In response to the European Union’s (EU) announcement of imposing additional tariffs on Chinese-made electric vehicles (EVs), China has hinted at a strong countermeasure, stating that “this action will harm the interests of the EU.” According to Chinese media outlets on the 16th, the National Development and Reform Commission (NDRC), the department overseeing China’s economic […]
BYD Stock Surges Despite New EU Tariffs AP Newsis NH Investment & Securities stated on the 14th that the stock price of BYD has surged despite Europe imposing additional tariffs on Chinese electric vehicles (EVs). The firm analyzed that the impact of these measures on earnings is projected to be limited, and attention should be paid to the company’s competitiveness. The European […]
Trade War Escalates As EU Slaps Hefty Tariffs on Chinese EVs Amid the European Union (EU) threatening to impose a tariff bomb of up to 48% on Chinese electric vehicles (EVs), China has embarked on the countdown for retaliatory measures. There are suggestions that retaliatory tariffs might be imposed on products including dairy and pork from the EU. On the 13th, the Spokesperson for the Ministry […]
Musk Opposes U.S. Government's Recent Tariff Increase on EV Imports Elon Musk, CEO of Tesla, expressed his opposition on the 23rd (local time) to the U.S. government’s decision to significantly increase tariffs on Chinese-made electric vehicles (EV). According to Reuters and other sources, Musk participated in a video conference at the Viva Technology event in Paris, France, stating, “Tesla and I did not request these […]
U.S. Tariff Hike on Chinese Goods Could Reshape Medical Industry in South Korea Image Today With the Biden administration pushing for a tariff increase on Chinese medical devices such as syringes, needles, rubber gloves, and face masks, South Korean companies, which have struggled to secure market share due to low-cost competition, are expected to benefit from the situation. However, the pharmaceutical and biotech industries remain nervous, warning that […]
China Makes Strategic Move That Worries Western Companies According to recent assessments, Chinese companies are expanding their dominance in the mineral market despite years of sanctions. The Wall Street Journal (WSJ) reported on the 20th (local time) that China is winning the mineral war, with Chinese companies aggressively expanding their businesses, over-supplying, and driving down prices to push out competitors. According to raw […]
South Korea Preps New Strategy After U.S. Takes Bold Step Against Chinese Imports Deputy Prime Minister and Minister of Strategy and Finance, Choi Sang Mok, emphasized the need to prepare for the increasing uncertainty in the global economic and trade environment as the United States announced tariff increases on strategic items worth $18 billion imported from China. According to the Ministry of Strategy and Finance, on the 21st, […]
Trade Tensions Escalate: China Hits Back with Tariffs on U.S. Soybeans China is escalating its countermeasures against Western sanctions, particularly those imposed by the United States. It is considering imposing retaliatory tariffs against the high tariffs set by the U.S. and is exploring alternative trade partners such as Russia and Brazil. China has also hinted at retaliation against the European Union (EU) for initiating investigations into […]
White House Targets Chinese Solar Imports: Tariffs on Dual-sided Panels and Blocking Circumventing Exports through Southeast Asia The U.S. government has decided to reimpose tariffs on made-in-China dual-sided solar panels. This move comes on the heels of increasing tariffs on China-made solar cells to 50%, which doubles the existing rate, and shows that the U.S. government is targeting the Chinese solar industry. The White House announced on the 16th (local time) that […]
Will Chinese Electric Cars Dominate Europe? U.S. Tariffs Shift Focus [The Guru=Yoon Jin-Woong Reporter] Chinese electric vehicles (EVs) are being identified as disruptiv ...
Hitting China Where It Hurts: Biden Raises Tariffs on Electric Cars and Semiconductors The Biden administration in the United States has significantly increased trade barriers against China by quadrupling the tariff on Chinese electric vehicles to 100% and imposing high tariffs on some semiconductors. This move appears to preemptively block the entry of Chinese low-cost exports into the U.S. market while demonstrating its willingness to watch over China […]
Biden's Trade Tactics: New Tariffs Targeting Chinese Electric Cars The Biden administration in the United States is expected to announce a comprehensive decision on tariffs against China as early as this Tuesday, according to Bloomberg News on May 9, 2024. This is expected to target key strategic sectors while rejecting the comprehensive tariff hike pushed by former President Donald Trump. The U.S. government plans […]
Chile Takes a Stand: Slaps Up to 33.5% Tariff on Chinese Steel Chinese steel exports to Central and South America have increased by 88 times in comparison to the year 2000 The Chilean government has decided to impose anti-dumping duties of up to 33.5% on cheap Chinese steel subsidized by the Chinese government. The Chilean Anti-Competitive Market Distortions Office for the Prevention of Price Distortions announced on the […]
Fears Arise As Biden's Tariff Hike Intensifies U.S.-China Disputes On the 22nd, Samsung Securities analyzed the possibility of the U.S.-China dispute, which has resurfaced as a hot topic in the financial market and is likely to intensify. President Joe Biden recently announced plans to raise tariffs on Chinese steel and aluminum from 7.5% to 25%. The U.S. Trade Representative Katherine Tai revealed that they […]
Biden's Trade War: U.S. to Triple Tariffs on Chinese Steel After Donald Trump, President Joe Biden has also declared a substantial tariff hike on Chinese steel products and related items. As declarations and competition for protectionist measures aimed at China heighten, trade tensions between the U.S. and China are predicted to intensify. As reported by Yonhap News, President Biden visited the United Steelworkers (USW) headquarters […]
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