As a result, the 25% tariff countermeasures imposed by the Chinese on the United States will be formally implemented on July 6. This means that after the adjustment of tariffs on July 1st, the tariffs on cars imported from the United States and imported into the country will increase to 40% in just another five days. The automakers that had previously announced price cuts will pay for the price adjustment policy that has been in place for more than a month.
In addition to the direct impact of the trade war on the consumption of automobile terminals, the deeper impact is the establishment of an insurmountable gap between the Sino-U.S. auto industry cooperation.
A typical example is the advancement of Tesla's domestic projects. Before the Sino-U.S. trade war started, Tesla's domestically-made projects were propelled by twists and turns. Benefiting from the Sino-U.S. trade truce, Musk finally announced on June 5 that it plans to build the first overseas factory in Shanghai. news.
However, Tesla's domestic projects still have substantial advancement, and Trump’s “changing face†has once again warmed the trade war between China and the United States. On the same day that Trump announced that it imposed tariffs on China’s 200 billion U.S. dollars, Tras announced that it would suspend receiving customized orders from China.
It is not hard to imagine that Tesla’s domestic road, which is deeply tied by the trade war between China and the United States, will fluctuate with this variable trade war.
War on War
So why did Trump persist in the trade war in the face of such "side effects" and disregard the agreement between the two parties? Automobile industry analyst Zhong Shi said in an interview with the Car Headline App that its purpose is to be flawed.
Undoubtedly, Trump's intimidation and threat tactics have long been seen by the outside world, and its repeated changes of position are actually trying to gain more chips in the next round of negotiations.
Even if the original intention of Trump's trade war was to safeguard America’s economic interests on a global scale, the current widespread voice shows that Trump’s practice is in fact contrary to his purpose.
The International Monetary Fund issued a warning that the United States imposed tariffs “to the detriment of othersâ€, not only damaging the global trading system, but also damaging the U.S. economy.
Trump's capricious approach has caused trouble to China, the United States, Germany and even Japanese car companies, and has caused substantial damage to the interests of various car companies.
Trump's approach has also caused public outrage worldwide. Like China, the EU and Canada also announced that they will counter the United States.
European Union member states unanimously agreed to impose a 25% tariff on 2.8 billion euros (about 3.24 billion U.S. dollars) of U.S. goods in response to the U.S. high tariffs imposed on U.S. steel and aluminum products earlier this month.
In addition to the EU, Canada and Mexico also take retaliatory measures. Canada announced that it will impose tariffs on a range of U.S. goods starting on July 1. The total value of goods will be 16.6 billion Canadian dollars (12.63 billion U.S. dollars). In early June, Mexico imposed a tariff of 25% on some U.S. goods.
The resolute resistance of countries to the fickle US trade policy leaves room for global trade warfare. So, how does Trump’s “trade drama†sing in the absence of compromises between Trump’s threats by many parties like China and the European Union?
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