Kani's visit to China this time has been very fruitful, with a significant reduction in electric vehicle tariffs for China. In 2023, China exported about 41,700 electric vehicles to the US, with a tariff of approximately 6.1%. In 2024, Little Potato's relations with China soured, and the electric vehicle tariff was raised to 100%, leading to a sharp decline in numbers. This time, the discussion was about 49,000 units (the relationship has eased, basically returning to the 2023 tariff level of 6.1%), with a few thousand more. It's a gesture of mutual courtesy and exchange, very successful, but essentially just a return to 2023 levels.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Kani's visit to China this time has been very fruitful, with a significant reduction in electric vehicle tariffs for China. In 2023, China exported about 41,700 electric vehicles to the US, with a tariff of approximately 6.1%. In 2024, Little Potato's relations with China soured, and the electric vehicle tariff was raised to 100%, leading to a sharp decline in numbers. This time, the discussion was about 49,000 units (the relationship has eased, basically returning to the 2023 tariff level of 6.1%), with a few thousand more. It's a gesture of mutual courtesy and exchange, very successful, but essentially just a return to 2023 levels.