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USTR's Greer says Chinese EVs won't enter the US from Canada without heavy levies, Fox Business reports; criticizes South Korean digital services legislation

Newsquawk Staff ·

  • The US is still imposing a 50% tariff rate on Indian goods.
  • India has made a lot of progress weaning off Russian oil.

What it means

The statement from USTR's Greer underscores the Biden administration's intention to maintain protective measures on the electric vehicle sector, emphasizing a robust stance against imports from China via Canada. This could heighten trade tensions further and may have ripple effects across the tariff landscape, potentially affecting US-China relations and impacting sectors tied to automotive production and commodities like metals used in EVs.

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