Hyperdrive
China Calls Out US for ‘Classic Protectionism’ in Tension Over EVs
- China became world’s biggest vehicle exporter in 2023
- US could impose limits on China EVs, Bloomberg has reported
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China charged the US with engaging in protectionist trade measures amid signs that Washington is prepared to step up efforts to keep Chinese electric vehicles from penetrating the American market.
“In recent years, the US has imposed high tariffs on Chinese automobiles and restricted Chinese cars” from government procurement contracts, China’s Ministry of Commerce said in a statement on Monday. “Now, under the guise of national security, it intends to set up non-tariff barriers. This is classic protectionism.”