Etiqueta: Tariffs

A task force said it had rescued 163 Chinese nationals who were working in “slavery-like” conditions at BYD’s construction site in northeastern Brazil.

The Chinese automaker is known for using cheap labor to reduce the price of its EVs, with Brazil becoming its largest overseas market.

More than 160 workers have been rescued, according to local prosecutors.

Beijing believes Brussels has left some room for the two sides to continue their consultations to find a solution and avoid the worst scenario of high levies on EV imports to Europe.

Amid rising geopolitical tensions, the electric vehicle industry is becoming a growing focal point of international competition between Western developed countries and China.

China pledged on Thursday to increase the budget deficit, issue more debt and loosen monetary policy to maintain a stable economic growth rate as it girds for more trade tensions with the U.S. as Donald Trump returns to the White House.

The “four rings” turns to “four letters” in China—a choice that also signals deeper shifts in the global auto market, where Chinese automakers now dominate.

Since Vladimir Putin’s full-scale invasion of Ukraine in early 2022, Chinese carmakers have come to dominate the Russian auto market, filling the void left by Western rivals. Lately, however,…

Former Russian official and consumer market expert Dmitry Reva explained how China and Russia cooperated to counter the West's sanctions through economic and trade.

Recent negative news on the production of electric vehicles in the United States call into question the government’s industrial policy boosting Detroit’s efforts to go green. Susan Helper writes that not only have there been significant benefits from President Joe Biden’s industrial policies, but promoting the production and adoption of electric vehicles remains essential to achieving national decarbonization targets and increasing resilience, innovation, and national security