US tariffs on China’s cleantech exports could spark more action
Analysts see limited initial market impact, but there is concern over the precedent, which other countries might follow in the future, negatively impacting equity risk premiums.
AbJimroe
Analysts see limited initial market impact, but there is concern over the precedent, which other countries might follow in the future, negatively impacting equity risk premiums.
May 21, 2024
The White House has increased tariffs on a slew of Chinese imports predominantly targeting green technologies, including electric vehicles and solar panels, in a decision expected to deepen trade tensions with Beijing ahead of the US presidential election this fall.
The tariff hikes cover about $18 billion worth of imported goods from China against a US trade deficit that reached $280 billion in 2023. Along with batteries, semiconductors, and select raw materials, the aggregate amount accounts for 4% of US imports from China, and less than 1% of China’s total exports. Perhaps strangely, given the Covid-19 pandemic, they even apply to face masks.
Given the...
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