US tariffs

Elon Musk: I’m against tax incentives for EVs

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Elon Musk: I’m against tax incentives for EVs

Tesla founder Elon Musk told tech investors in Paris on Thursday he opposed U.S. tariffs on Chinese electric vehicles (EVs), an about-face from his January warning that trade barriers were needed or China would “demolish most other car companies in the world.” On Thursday, Musk said he did not favour measures that distorted the market. … Read more

Biden Imposes Heavy Import Tariffs On Chinese Imports

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Biden Imposes Heavy Import Tariffs On Chinese Imports

Biden said the move would ensure that American workers are not held back by unfair trade practices. Washington: US President Joe Biden has imposed heavy tariffs on Chinese electric vehicles, batteries, steel, solar cells, and aluminium, saying it would ensure that American workers are not held back by unfair trade practices. These include a 100 … Read more