The expansion of punitive tariffs on China by the Biden administration represents the most significant tariff imposition since the Trump administration. This action not only reinforces efforts to revitalize U.S. manufacturing but also highlights the severe issue of overcapacity within China's domestic industry.
Consequently, U.S.-China trade tensions are likely to escalate, increasing uncertainty in the global economic and trade landscape.
This article provides an overview of the expanded punitive tariffs on major products, such as electric vehicles (EVs), lithium batteries for EVs, battery components, and semiconductors. It also explores the implications of these tariffs under the Biden administration and examines their specific effects on EVs and semiconductors.
Table of Contents
List of Tables
Table 1: Major Products and Tariff Rates Imposed by the U.S. on China
Methodology
Primary research with a holistic, cross-domain approach
The exhaustive primary research methods are central to the value that the analyst delivers. A combination of questionnaires and on-site visits to the major manufacturers provides a first view of the latest data and trends. Information is subsequently validated by interviews with the manufacturers' suppliers and customers, covering a holistic industry value chain. This process is backed up by a cross-domain team-based approach, creating an interlaced network across numerous interrelated components and system-level devices to ensure statistical integrity and provide in-depth insight.
Complementing primary research is a running database and secondary research of industry and market information. Dedicated research into the macro-environmental trends shaping the ICT industry also allows the analyst to forecast future development trends and generate foresight perspectives. With more than 20 years of experience and endeavors in research, the methods and methodologies include:
Method
- Component supplier interviews
- System supplier interviews
- User interviews
- Channel interviews
- IPO interviews
- Focus groups
- Consumer surveys
- Production databases
- Financial data
- Custom databases
Methodology
- Technology forecasting and assessment
- Product assessment and selection
- Product life cycles
- Added value analysis
- Market trends
- Scenario analysis
- Competitor analysis
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