Republican Senator Josh Hawley is proposing 'Hawley's bill' to significantly increase tariffs on Chinese vehicle imports, a move aimed at countering the impact of these vehicles on U.S. automakers and addressing concerns over job losses attributed to President Joe Biden's electric vehicle (EV) mandates. The proposed bill seeks to raise the current 2.5% tariff rate to 100%, which would elevate the total tariff on imported Chinese automobiles from the existing 27.5% to 125%. This legislative push comes amid growing scrutiny over Chinese EV maker 'BYD's strategies to penetrate the U.S. market, including exploring investment opportunities in Mexico to bypass U.S. tariffs through the US-Mexico-Canada Agreement and announcing discounts on its EV models that undercut prices of gas-powered vehicles from some foreign competitors.
#US Senator Josh Hawley is introducing on Wednesday legislation to hike tariffs on #Chinese vehicle imports "Hawley's bill would raise the current 2.5% tariff rate to 100%, subsequently raising the total tariff of all imported Chinese automobiles from 27.5% currently to 125%,… https://t.co/90azNuPYdZ
Something I’ve been repeating ad nauseum on LinkedIn but probably not here, BYD (or any Chinese auto manufacturer) will never set up shop in Mexico. They have too much installed capacity in China and uncertain market access to US, so don’t be fooled by reports.
BYD fuels EV price war in China, cutting MSRPs of newly refreshed Tang and Han models https://t.co/ryh1PW5jiS by @scooterdoll
Hawley Introduces New Bill to Raise Tariffs on Chinese EVs, Protect American Autoworkers https://t.co/Ffi06dZakA
Not only does Hawley want to apply higher tariffs to Chinese-made cars, he wants to apply the tariff to cars assembled in Mexico by Chinese companies https://t.co/PkZV0xZKui
Republican senator wants to hike tariffs on Chinese vehicles https://t.co/io9Q5DaEeT https://t.co/B7JxnPS4qY
❖ SEN. HAWLEY SAYS BIDEN SHOULD HIKE TARIFFS ON CHINESE EVS
Hawley wants to hike tariffs on Chinese vehicles https://t.co/np6qnnQ0Oj
Joe Biden’s EV mandates are killing American jobs. Here’s what he should do: hike tariffs on China EVs - and close the back door for China EVs coming in through Mexico https://t.co/np6qnnQ0Oj
⚠️ REPUBLICAN SENATOR WANTS TO HIKE TARIFFS ON CHINESE VEHICLES (Reuters) Republican Senator Josh Hawley is introducing on Wednesday legislation to hike tariffs on Chinese vehicle imports amid growing concerns about the impact of these vehicles on U.S. car companies. Hawley's… https://t.co/A4eKFbyEEH
China’s EV Champion Is Coming for Your Gas Powered Cars, Too—China’s BYD has announced discounts that put prices below that of gas-powered equivalents built by some foreign competitors @jackycwong https://t.co/9CU1lnDDgB https://t.co/9CU1lnDDgB
Biden's Inflation Reduction Act will wind up subsidizing Communist China's domination of us: "Chinese EV maker BYD is exploring opportunities to invest in plants in Mexico that would enable it to enter the US market by exploiting provisions in the US-Mexico-Canada Agreement… https://t.co/jeHFXyAk6F