US suggests possibility of penalties if production of Chinese electric vehicles moves to Mexico
US suggests possibility of penalties if production of Chinese electric vehicles moves to Mexico
The Biden administration is suggesting the possibility that new penalties could be put in place if the Chinese makers of electric vehicles try to move their production to Mexico to avoid newly announced import taxes.
Cheap electric vehicles aren't allowed, apparently.
Something with a cheaper price tag? Not in THIS country!
U.S. to China: stop communism do capitalism like we do!
U.S. to China: not like that!
Won't someone think of the shareholders!
But...but....the free market!
NAFTA cuts both ways
Nothing says free market like threatening countries for doing buisness with other countries because your country would make less money.
I don't understand. How?
Are you asking how the USA can pressure Mexico to say no?
This is the best summary I could come up with:
WASHINGTON (AP) — The Biden administration is suggesting the possibility that additional penalties could be put in place if the Chinese makers of electric vehicles try to move their production to Mexico to avoid newly announced import taxes.
But Chinese EV company BYD has previously indicated that it was looking at factory sites in Mexico for the Mexican market.
Asked at the White House news briefing on Tuesday about new tariffs, U.S. Trade Representative Katherine Tai said, “Stay tuned.”
Tai said any penalties if China should follow through on factories would require a “separate pathway” from the Section 301 review of the Trade Act of 1974.
That four-year review led to the tariffs on $18 billion worth of Chinese imports announced on Tuesday.
The U.S. Trade Representative’s office after Tai’s remarks said that it could take several actions other than tariffs, noting that there are provisions within the U.S.-Mexico-Canada Agreement to address unfair subsidies and efforts to avoid import duties.
The original article contains 242 words, the summary contains 160 words. Saved 34%. I'm a bot and I'm open source!
Blah blah blah blah
Bureaucracy Bureaucracy Bureaucracy
Stamp stamp stamp