16 May 2024 | Abstracted from Heat Map [Limited Access]
"U.S. imports relatively few electric vehicles from China, and the few vehicles that we do import - which are made by the Chinese-owned brands Volvo and Polestar - may not be affected by these levies..."Many of these categories already faced trade levies imposed by the [previous] administration, and Biden has now raised them...affect sectors where China now dominates the global industry. The longer timeline suggests that the White House is trying not to disrupt the near-term market too much...giving companies a deadline to diversify their supply chains."
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