Articles tagged with "tariffs"
US to get rare earths upfront as Trump unveils 55% China tariff plan
U.S. President Donald Trump announced a tentative trade framework with China that includes upfront deliveries of critical rare earth minerals and industrial magnets to the U.S. supply chain, alongside a total tariff rate of 55 percent on Chinese imports. This deal also involves the U.S. honoring prior commitments related to Chinese students studying in American institutions, marking a reversal from recent stricter policies. Trump touted the agreement as a "great WIN" for both countries, emphasizing closer trade collaboration with Chinese President Xi Jinping. However, officials clarified that the 55 percent tariff figure consolidates existing duties rather than representing a new increase from the previous 30 percent rate. The announcement follows quiet negotiations in London aimed at reviving talks after months of trade tensions marked by escalating tariffs and retaliations. While the deal offers temporary clarity on rare earth supplies—vital for manufacturing electric vehicles and defense equipment—it also underscores the volatility of Trump’s trade strategy, which has fluctuated between tariff hikes and reversals. Despite ongoing legal challenges,
rare-earth-mineralsrare-earth-magnetsUS-China-tradetariffssupply-chaincritical-materialsindustrial-magnetsPoll: Large majority of Canadians favour more open car market with better access to affordable Chinese and European EVs - Clean Energy Canada
A recent survey by Abacus Data for Clean Energy Canada reveals strong Canadian support for a more open vehicle market with greater access to affordable electric vehicles (EVs), particularly from Chinese and European manufacturers. While 53% of Canadians favor lowering the current 100% tariff on Chinese EVs to balance industry protection and affordability, 29% support removing the tariff entirely to reduce costs and avoid trade retaliation. Only 19% want to maintain the full tariff. This consensus spans political affiliations, indicating broad cross-partisan agreement. Additionally, 70% of respondents back allowing the sale of any vehicle meeting European safety and environmental standards, which would increase the availability of smaller, more affordable EV models in Canada. The survey also highlights that 58% of Canadians want to uphold Canada’s current tailpipe emission standards, aligning with stricter U.S. regulations under President Biden and California’s policies, while only 18% support weakening these standards. Interest in purchasing EVs as the next vehicle has decreased by 13 points since 2022, with 45% expressing certainty or likelihood to buy one. However, enthusiasm remains higher among younger Canadians, residents of Quebec and British Columbia, and urban populations in regions like Metro Vancouver (69% favor EVs) and the Greater Toronto Hamilton Area (55-62% favor EVs depending on information provided). Clean Energy Canada emphasizes that the main barrier to EV adoption is high sticker prices, and Canadians want access to high-quality, lower-cost electric cars from global markets.
energyelectric-vehiclesclean-energytariffsemission-standardsvehicle-marketCanadaEVs aren’t being forced on Canadians — if anything, they’re being withheld from them - Clean Energy Canada
The article from Clean Energy Canada challenges the narrative that governments are forcing Canadians to buy electric vehicles (EVs), presenting evidence that many Canadians are actually eager to adopt EVs. A recent Abacus Data survey shows that 45% of Canadians intend to purchase an EV as their next vehicle, with higher interest in urban areas and among younger demographics. Despite this demand, Canada risks falling behind global EV adoption trends due to market barriers, including a pause in national and provincial EV incentives and restrictive trade policies. A key factor limiting EV availability and affordability in Canada is the country’s protectionist stance, particularly its 100% tariff on Chinese EVs, implemented to align with U.S. policies. This tariff contrasts with Europe’s more moderate approach and has effectively blocked many lower-cost, high-quality EV models from entering the Canadian market. The article argues that openness to Chinese automakers fosters competition and innovation, benefiting consumers and accelerating EV adoption. Additionally, harmonizing vehicle approval standards with Europe could expand consumer choice by allowing popular models like the Renault 5 to enter Canada. Public opinion supports reducing tariffs and increasing EV options, with many Canadians favoring lower or no tariffs on Chinese EVs and broader market access. The article emphasizes that protecting Canadian manufacturing jobs remains important, but a balanced approach is needed—one that opens the market to more competition while investing in domestic industry and maintaining fair regulations. Measures such as price caps on EV rebates or bonus incentives for affordable EVs could further enhance accessibility. Overall, the piece highlights that Canadians are not being forced into EVs; rather, they are being underserved by a closed market that limits access to affordable and diverse electric vehicles.
energyelectric-vehiclesclean-energyautomotive-industrytariffsEV-adoptiongreen-technologyAnalysts Say Trump Trade Wars Would Harm the Entire US Energy Sector, From Oil to Solar
energytrade-warstariffsrenewable-energyoil-and-gasUS-economyglobal-recessionFord hikes Mustang Mach-E price due to Trump’s tariffs
energyelectric-vehiclesMustang-Mach-Etariffsautomotive-industryEV-pricingFordRivian earnings: EV maker cuts delivery guidance because of Trump’s tariffs and trade wars
energyelectric-vehiclesEVsautomotive-industrytariffscapital-expenditureRivianRivian’s reportedly sitting on a stockpile of tariff-free batteries
energybatteriesRivianelectric-vehiclestariffslithium-iron-phosphatesupply-chainAmazon Prime Day to return in July despite threat of tariffs
Amazon-Prime-Daytariffse-commerceconsumer-demandsales-eventWhite-Housepolitical-impact