Will U.S. Trade Wars Continue? Experts Predict Post-Election Economic Shake-UpWith just over 3 months until the election, experts predict that anti-China trade policies to protect domestic interests will continue...
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 […]
U.S. Treasury: We Must Collaborate to Fight Against China's Low Cost OffensiveU.S. Treasury Secretary Janet Yellen has stated that the U.S. and Europe must collaborate to prevent China’s low-cost offensive. She revealed that this issue will be significantly discussed at the upcoming meeting of finance ministers from the Group of Seven (G7) countries next month. According to the New York Times (NYT), on the 21st (local […]
Biden Administration Escalates Trade War with New China TariffsThe US government has dropped a tariff bomb on China, increasing tariffs steeply on Chinese electric vehicles and batteries. In response, our government is assessing the impact by closely monitoring the situation. On the 16th, the Ministry of Trade, Industry, and Energy held a joint public-private meeting chaired by Deputy Minister Yang Byung Nae and […]
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 […]
China's Exports to the U.S. Through Vietnam and Mexico Escalates Trade WarAs the U.S.-China dispute intensifies, China’s detoured exports to the U.S. through Vietnam and Mexico have surged. With the U.S. presidential election approaching, sanctions against these detoured exports are likely, prompting calls for a thorough response from the government and businesses operating in these regions. According to a report titled “Analysis of China’s U.S. Detoured Export […]
China Unfazed By Biden's Trade WarDespite the United States ramping up its ‘China-bashing’ ahead of the November presidential election, Chinese President Xi Jinping has been relatively quiet, refraining from potentially backlash-inducing responses, according to a Bloomberg analysis on the 21st (local time). US President Joe Biden has criticized China for xenophobia and publicly pledged to triple the current tariffs on […]
Trump Rallies for Tariffs: Promises Tough Stance on China TradeFormer President Donald Trump has signaled that if he retakes the White House, he will use “high tariffs” as a weapon in tough negotiations with China and others, stating, “I firmly believe in tariffs.” Trump, who is virtually confirmed as the Republican presidential candidate, said in an interview with an economy media CNBC on the […]
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Will U.S. Trade Wars Continue? Experts Predict Post-Election Economic Shake-Up With just over 3 months until the election, experts predict that anti-China trade policies to protect domestic interests will continue...
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 […]
U.S. Treasury: We Must Collaborate to Fight Against China's Low Cost Offensive U.S. Treasury Secretary Janet Yellen has stated that the U.S. and Europe must collaborate to prevent China’s low-cost offensive. She revealed that this issue will be significantly discussed at the upcoming meeting of finance ministers from the Group of Seven (G7) countries next month. According to the New York Times (NYT), on the 21st (local […]
Biden Administration Escalates Trade War with New China Tariffs The US government has dropped a tariff bomb on China, increasing tariffs steeply on Chinese electric vehicles and batteries. In response, our government is assessing the impact by closely monitoring the situation. On the 16th, the Ministry of Trade, Industry, and Energy held a joint public-private meeting chaired by Deputy Minister Yang Byung Nae and […]
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 […]
China's Exports to the U.S. Through Vietnam and Mexico Escalates Trade War As the U.S.-China dispute intensifies, China’s detoured exports to the U.S. through Vietnam and Mexico have surged. With the U.S. presidential election approaching, sanctions against these detoured exports are likely, prompting calls for a thorough response from the government and businesses operating in these regions. According to a report titled “Analysis of China’s U.S. Detoured Export […]
China Unfazed By Biden's Trade War Despite the United States ramping up its ‘China-bashing’ ahead of the November presidential election, Chinese President Xi Jinping has been relatively quiet, refraining from potentially backlash-inducing responses, according to a Bloomberg analysis on the 21st (local time). US President Joe Biden has criticized China for xenophobia and publicly pledged to triple the current tariffs on […]
Trump Rallies for Tariffs: Promises Tough Stance on China Trade Former President Donald Trump has signaled that if he retakes the White House, he will use “high tariffs” as a weapon in tough negotiations with China and others, stating, “I firmly believe in tariffs.” Trump, who is virtually confirmed as the Republican presidential candidate, said in an interview with an economy media CNBC on the […]
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