Report: US EV Manufacturing Faces ‘Extinction-Level Event’

Electric Vehicle Factory

An Alliance for American Manufacturing report called for tariffs to protect the U.S. electric vehicle market from an “extinction-level event” caused by Chinese competitors.

The report follows Chinese EV maker BYD, the world’s largest EV maker, releasing a $14,000 EV in February that could “demolish” domestic EVs, often $40,000 more expensive.

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Auto Executives: Chinese EVs Could ‘Demolish’ U.S. Production

BYD Electric Vehicle

Detroit placed the U.S. on wheels but if Motor City wants to go electric it faces fierce global competition.

Chinese electric vehicle maker BYD outsold Tesla in the fourth quarter of 2023. The foreign automaker said it produced more than 3 million new energy vehicles in 2023 compared to Tesla’s 1.8 million.

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Biden Looks to Tariffs to Bolster Struggling Electric Vehicle Market

Tesla Charging

The Biden administration is considering increasing tariffs on some Chinese products related to his green agenda, like electric vehicles (EV), in an effort to boost poor market demand and protect domestic industries, according to The Wall Street Journal.

Officials are considering setting higher rates on the already existing tariffs originally placed under the Trump administration, covering around $300 billion in Chinese goods, with Chinese EVs already having a 25% import tax, according to the WSJ. New tariffs could help domestic EV manufacturing, which has struggled with stagnant market demand, only rising from 3% in January to 4% in September of total vehicles sold in the U.S., while the share of EVs produced out of all vehicles has risen from 3% to 6% in that same time frame.

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China’s Low Standards, Tariffs, Forced Labor Threaten U.S. Food Security, Agribusiness Experts Say

American grocery shelves are rapidly filling up with cheap canned food imported from China, displacing American producers’ goods and raising concerns about food safety and food security, U.S. trade associations and experts are saying.

According to the Can Manufacturers Institute (CMI), a trade association supporting manufacturers of cans for both food and non-food items and their suppliers, American producers are at a disadvantage because they have to pay U.S. steel tariffs, which do not extend to finished Chinese-produced canned foods.

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Americans Support Trump’s China Tariffs as Republican Senators Push to Remove Them

As GOP senators seek to roll back former President Donald Trump’s tariffs on China now that he’s out of office, polling indicates Americans want to keep the harsh policies in place.

“For decades, Congress cut tariffs without much thought. But we cannot continue to do that when it comes to products made in China,” Republican Florida Sen. Marco Rubio told the Daily Caller News Foundation in a statement. “We should do everything possible to move supply chains out of China, but this so-called ‘China bill’ is actually subsidizing manufacturing in Communist China. It’s ridiculous.”

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Biden Loosens Trump Tariffs on Solar Panels Despite Labor Unions’ Pleas

President Joe Biden loosened tariffs placed on solar panel imports by the Trump administration Friday, paving the way for Chinese companies to produce more panels for American consumers.

Biden issued a proclamation Friday morning, increasing the tariff-rate quota on solar equipment, or the amount of solar panel components Chinese manufacturers can send to the U.S. before receiving a penalty. The action means Chinese solar cell makers may send up to 5 gigawatts (GW) of capacity, double the previous amount of 2.5 GW, to the U.S. before being hit with a levy.

The White House action also exempts bifacial solar panels, or panels that absorb sunlight from both sides. Such panels, which are increasingly common, are often used in industry-scale projects and are believed to be the “future of the industry.”

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Georgia Rep. Austin Scott Leads Bipartisan Push to Lower India’s Tariffs on Pecans, a Major Georgia Export

U.S. Representative Austin Scott (R-GA-08) and 22 other members of the House want U.S. Trade Representative Katherine Tai to help reduce India’s tariffs on American pecans.

India currently has a 36 percent tariff on American pecans, far higher than the 10 percent tariff on other American tree nuts, like pistachios and almonds.

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