On Tuesday, U.S. President Joe Biden disclosed a high tariff increase on an array of Chinese imports including electric vehicles, computer chips and medical products, risking an election-year standoff with Beijing, seen as a move aimed to impress voters who are not&nbsp;fans of his economic policies.

According to the White House, this particular measure affects $18 billion in Chinese imported goods including steel and aluminium, semiconductors, batteries, critical minerals, solar cells and cranes.

In 2023, the United States imported $427 billion in goods from China and exported $148 billion to the world's second-largest economy, as reported by the U.S. Census Bureau.

"China's using the same playbook it has before to power its own growth at the expense of others by continuing to invest, despite excess Chinese capacity and flooding global markets with exports that are underpriced due to unfair practices," White House National Economic Adviser Lael Brainard said according to local media reports.

Read More:&nbsp;<a href="https://www.wionews.com/business-economy/protestors-try-to-attack-german-tesla-factory-clash-with-police-720996">Protestors try to attack German Tesla factory, clash with police</a>

The White House also criticised former President Trump's 2020 trade deal with China, which did not increase American exports or boost American manufacturing jobs, instead, the 10% across-the-board tariffs on goods from all points of origin that Trump has proposed would go on to agitate U.S. allies, and make them raise prices.

Trump has floated tariffs of 60% or higher on all Chinese goods.

Administration officials said their measures are "carefully targeted," combined with domestic investment, plotted with close allies and unlikely to worsen a bout of inflation that has already angered U.S. voters and imperilled Biden's re-election bid. They also downplayed the risk of retaliation from Beijing.

Despite low unemployment and above-average economic growth, Biden has struggled to convince voters of his economic policy's effectiveness.

Analysts have warned that a trade dispute could raise costs for EVs overall, and hurt Biden's climate goals, while also affecting his aim to create manufacturing jobs.

Biden has said he wants to win this era of competition with China but not to launch a trade war that could hurt the mutually dependent economies. He has worked in recent months to ease tensions in one-on-one talks with Chinese President Xi Jinping.

(With inputs from Reuters)

On Tuesday, U.S. President Joe Biden disclosed a high tariff increase on an array of Chinese imports including electric vehicles, computer chips and medical products, risking an election-year standoff with Beijing, seen as a move aimed to impress voters who are not fans of his economic policies.

On Tuesday, U.S. President Joe Biden disclosed a high tariff increase on an array of Chinese imports including electric vehicles, computer chips and medical products, risking an election-year standoff with Beijing, seen as a move aimed to impress voters who are not fans of his economic policies. According to the White House, this particular measure affects $18 billion in Chinese imported goods including steel and aluminium, semiconductors, batteries, critical minerals, solar cells and cranes. In 2023, the United States imported $427 billion in goods from China and exported $148 billion to the world's second-largest economy, as reported by the U.S. Census Bureau. "China's using the same playbook it has before to power its own growth at the expense of others by continuing to invest, despite excess Chinese capacity and flooding global markets with exports that are underpriced due to unfair practices," White House National Economic Adviser Lael Brainard said according to local media reports. Read More: Protestors try to attack German Tesla factory, clash with police The White House also criticised former President Trump's 2020 trade deal with China, which did not increase American exports or boost American manufacturing jobs, instead, the 10% across-the-board tariffs on goods from all points of origin that Trump has proposed would go on to agitate U.S. allies, and make them raise prices. Trump has floated tariffs of 60% or higher on all Chinese goods. Administration officials said their measures are "carefully targeted," combined with domestic investment, plotted with close allies and unlikely to worsen a bout of inflation that has already angered U.S. voters and imperilled Biden's re-election bid. They also downplayed the risk of retaliation from Beijing. Despite low unemployment and above-average economic growth, Biden has struggled to convince voters of his economic policy's effectiveness. Analysts have warned that a trade dispute could raise costs for EVs overall, and hurt Biden's climate goals, while also affecting his aim to create manufacturing jobs. Biden has said he wants to win this era of competition with China but not to launch a trade war that could hurt the mutually dependent economies. He has worked in recent months to ease tensions in one-on-one talks with Chinese President Xi Jinping. (With inputs from Reuters)

Biden government imposes tariffs on Chinese EVs and computer chips

In an effort to promote the adoption of electric vehicles (EVs), the Biden administration has allocated $12 billion in grants and loans to assist automakers and suppliers in adapting their manufacturing facilities to produce electric and advanced vehicles, Energy Secretary Jennifer Granholm said on Thursday.

"While we transition to EVs, we want to ensure that workers can transition in place, that there is no worker, no community left behind," Granholm, a former governor of car-manufacturing state Michigan, told reporters in a phone conversation.

Accelerating grants and other subsidies to support the conversion of existing auto factories for electric vehicles might help the White House deflect criticism from automakers and the United Auto Workers (UAW) union over new environmental restrictions aimed at ushering in the electric vehicle era.

The United Auto Workers has cautioned that a quick transformation might threaten thousands of jobs in areas such as Michigan, Ohio, Illinois, and Indiana.

However, UAW President Shawn Fain applauded the policy move on Thursday. He said "it makes clear to employers that the EV transition must include strong union partnerships with the high pay and safety standards that generations of UAW members have fought for and won."

Reuters quoted President Joe Biden as saying, "Building a clean energy economy can and should provide a win-win opportunity for auto companies and unionised workers who have anchored the American economy for decades."

Furthermore, when asked if the incentives might keep the factory operational, Granholm stated that factories constructed near communities will be important for "funding opportunities".

There will be no particular labour requirements for firms to acquire the cash, but projects with better labour conditions will have a better chance of securing the funding, according to an Energy Department official on the call.

According to Granholm, the administration would also provide $3.5 billion in support to domestic battery makers. The advanced cars will get $2 billion in subsidies from the Inflation Reduction Act, which Democrats enacted last year, and $10 billion in loans from the Energy Department's Loans Programme Office.

(Inputs from Reuters)

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In an effort to promote the adoption of electric vehicles (EVs), the Biden administration has allocated $12 billion in grants and loans to assist automakers and suppliers in adapting their manufacturing facilities to produce electric and advanced vehicles, Energy Secretary Jennifer Granholm said on Thursday.

In an effort to promote the adoption of electric vehicles (EVs), the Biden administration has allocated $12 billion in grants and loans to assist automakers and suppliers in adapting their manufacturing facilities to produce electric and advanced vehicles, Energy Secretary Jennifer Granholm said on Thursday. "While we transition to EVs, we want to ensure that workers can transition in place, that there is no worker, no community left behind," Granholm, a former governor of car-manufacturing state Michigan, told reporters in a phone conversation. Accelerating grants and other subsidies to support the conversion of existing auto factories for electric vehicles might help the White House deflect criticism from automakers and the United Auto Workers (UAW) union over new environmental restrictions aimed at ushering in the electric vehicle era. The United Auto Workers has cautioned that a quick transformation might threaten thousands of jobs in areas such as Michigan, Ohio, Illinois, and Indiana. However, UAW President Shawn Fain applauded the policy move on Thursday. He said "it makes clear to employers that the EV transition must include strong union partnerships with the high pay and safety standards that generations of UAW members have fought for and won." Reuters quoted President Joe Biden as saying, "Building a clean energy economy can and should provide a win-win opportunity for auto companies and unionised workers who have anchored the American economy for decades." Furthermore, when asked if the incentives might keep the factory operational, Granholm stated that factories constructed near communities will be important for "funding opportunities". There will be no particular labour requirements for firms to acquire the cash, but projects with better labour conditions will have a better chance of securing the funding, according to an Energy Department official on the call. According to Granholm, the administration would also provide $3.5 billion in support to domestic battery makers. The advanced cars will get $2 billion in subsidies from the Inflation Reduction Act, which Democrats enacted last year, and $10 billion in loans from the Energy Department's Loans Programme Office. (Inputs from Reuters) WATCH WION LIVE HERE

US government allocates $12 billion for advanced vehicle manufacturing and suppliers

India's Finance Minister Nirmala Sitharaman will present the Budget 2022-23 on Tuesday (February 1) with different sectors hoping that the government would give some relaxation in taxation, providing ease of doing business amid onslaughts of coronavirus (COVID-19) pandemic.&nbsp;

Health and education are some of the sectors that are expecting significant announcements... so is the electric vehicle (EV)&nbsp;sector.&nbsp;

Amid the climate crisis, the EV&nbsp;sector can promise a future that is cleaner and the government needs to promote the benefits of electric vehicles. But there is a range of issues that the industry is facing. Here are some of the expectations that the EV sector from the Budget 2022-2023.&nbsp;

ALSO READ |&nbsp;<a href="https://www.wionews.com/india-news/what-start-ups-in-india-can-expect-from-countrys-union-budget-2022-23-449295">What start-ups in India can expect from country's Union Budget 2022-23?</a>

The sector would expect the government to create a robust infrastructure that supports the electrification of large vehicles and feasible charging infrastructure.&nbsp;

The industry would expect tax relaxations and would also hope that the government would give a boost to local manufacturing of battery technology, access to raw materials, skilled labour, etc. It is also a task for the government to speed up the battery cell localisation in the country.&nbsp;

ALSO READ |&nbsp;<a href="https://www.wionews.com/india-news/indias-union-budget-2022-will-be-available-on-mobile-app-heres-how-to-download-on-android-and-ios-448501">India's Union Budget 2022 will be available on mobile app: Here's how to download on Android and iOS</a>

The manufacturers might also expect to reduce dependency on imports. The sector also needs attention over the inverted duty structure as experts have revealed that the imported components are not strictly as per the Indian conditions.&nbsp;

Sitharaman would use the Budget as the cornerstone to put the economy on an accelerated growth path after the impact caused by the pandemic.&nbsp;

It is expected that there will be amendments in the tax law to bring about sustainable growth, infrastructure investment, focus on R&amp;D spending, nurturing incentives to the core sectors.&nbsp;

WATCH WION's analysis&nbsp;|&nbsp;India's Budget 2022 with Gautam Chikermane: Taxation, investments and stock markets

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Deepak MV, who is the CEO and co-founder of Etrio was quoted as saying by India-based news channel ABP: "At a time when EV adoption is gaining unprecedented momentum despite many challenges, in the upcoming Union Budget 2022, we at Etrio would like to see the finance minister address the critically-important area of making a wide and varied range of financing options available for EV commercial vehicles' buyers – as this is extremely critical for further increased uptake of EVs in India, going forward." &nbsp;

(With inputs from agencies)

India's Finance Minister Nirmala Sitharaman will present the Budget 2022-23 on Tuesday (February 1) with different sectors hoping that the government would give some relaxation in taxation, providing ease of doing business amid onslaughts of coronavirus (COVID-19) pandemic.

India's Finance Minister Nirmala Sitharaman will present the Budget 2022-23 on Tuesday (February 1) with different sectors hoping that the government would give some relaxation in taxation, providing ease of doing business amid onslaughts of coronavirus (COVID-19) pandemic. Health and education are some of the sectors that are expecting significant announcements... so is the electric vehicle (EV) sector. Amid the climate crisis, the EV sector can promise a future that is cleaner and the government needs to promote the benefits of electric vehicles. But there is a range of issues that the industry is facing. Here are some of the expectations that the EV sector from the Budget 2022-2023. ALSO READ | What start-ups in India can expect from country's Union Budget 2022-23? The sector would expect the government to create a robust infrastructure that supports the electrification of large vehicles and feasible charging infrastructure. The industry would expect tax relaxations and would also hope that the government would give a boost to local manufacturing of battery technology, access to raw materials, skilled labour, etc. It is also a task for the government to speed up the battery cell localisation in the country. ALSO READ | India's Union Budget 2022 will be available on mobile app: Here's how to download on Android and iOS The manufacturers might also expect to reduce dependency on imports. The sector also needs attention over the inverted duty structure as experts have revealed that the imported components are not strictly as per the Indian conditions. Sitharaman would use the Budget as the cornerstone to put the economy on an accelerated growth path after the impact caused by the pandemic. It is expected that there will be amendments in the tax law to bring about sustainable growth, infrastructure investment, focus on R&D spending, nurturing incentives to the core sectors. WATCH WION's analysis | India's Budget 2022 with Gautam Chikermane: Taxation, investments and stock markets × Deepak MV, who is the CEO and co-founder of Etrio was quoted as saying by India-based news channel ABP: "At a time when EV adoption is gaining unprecedented momentum despite many challenges, in the upcoming Union Budget 2022, we at Etrio would like to see the finance minister address the critically-important area of making a wide and varied range of financing options available for EV commercial vehicles' buyers – as this is extremely critical for further increased uptake of EVs in India, going forward." (With inputs from agencies)

Will India's Union Budget 2022 live up to the expectations of EV industry?

Tesla&nbsp;Inc.&nbsp;was added to a government list of approved automotive manufacturers,&nbsp;China's industry ministry said on Thursday, as it granted the electric-vehicle maker a certificate it needs to&nbsp;start&nbsp;production in the country.

The list was published by the Ministry of Industry and Information Technology.

This means "the green light is fully given to&nbsp;Tesla&nbsp;for production in&nbsp;China," said Yale Zhang, head of the Shanghai-based consultancy Automotive Foresight.&nbsp;Tesla&nbsp;can&nbsp;start&nbsp;production any time, he said

Tesla&nbsp;did not immediately respond to an e-mailed request for comment. The $2 billion factories it is building in the eastern Chinese city of Shanghai is its first car&nbsp;manufacturing&nbsp;site overseas.

Reuters reported earlier this month that&nbsp;Tesla&nbsp;plans to&nbsp;start&nbsp;production at its&nbsp;China&nbsp;factory this month. It is unclear when it will meet year-end production targets&nbsp;because of uncertainties around orders, labour and suppliers.

Tesla&nbsp;intends to produce at least 1,000 Model 3s a week from the Shanghai factory by the end of this year, as it tries to boost sales in the world's biggest auto market and avoid higher import tariffs imposed on US&nbsp;cars.

The factory,&nbsp;China's first fully foreign-owned car plant, also reflects Beijing's broader shift to open up its car market.

Shanghai authorities have offered&nbsp;Tesla&nbsp;assistance to speed up construction, and&nbsp;China&nbsp;excluded&nbsp;Tesla&nbsp;models from a 10 per cent&nbsp;car purchase tax on August&nbsp;30.

Tesla Inc. was added to a government list of approved automotive manufacturers, China's industry ministry said on Thursday, as it granted the electric-vehicle maker a certificate it needs to start production in the country.

Tesla Inc. was added to a government list of approved automotive manufacturers, China's industry ministry said on Thursday, as it granted the electric-vehicle maker a certificate it needs to start production in the country. The list was published by the Ministry of Industry and Information Technology. This means "the green light is fully given to Tesla for production in China," said Yale Zhang, head of the Shanghai-based consultancy Automotive Foresight. Tesla can start production any time, he said Tesla did not immediately respond to an e-mailed request for comment. The $2 billion factories it is building in the eastern Chinese city of Shanghai is its first car manufacturing site overseas. Reuters reported earlier this month that Tesla plans to start production at its China factory this month. It is unclear when it will meet year-end production targets because of uncertainties around orders, labour and suppliers. Tesla intends to produce at least 1,000 Model 3s a week from the Shanghai factory by the end of this year, as it tries to boost sales in the world's biggest auto market and avoid higher import tariffs imposed on US cars. The factory, China's first fully foreign-owned car plant, also reflects Beijing's broader shift to open up its car market. Shanghai authorities have offered Tesla assistance to speed up construction, and China excluded Tesla models from a 10 per cent car purchase tax on August 30.

Tesla gets approval to start manufacturing in China

In an endeavour to make&nbsp;Andhra Pradesh&nbsp;pollution free, Chief Minister&nbsp;Chandrababu Naidu&nbsp;on Friday called on companies producing electric vehicles to set up a base in the state.

Speaking at the Hero Motor Corp. foundation stone laying ceremony, Naidu said&nbsp;Andhra Pradesh&nbsp;is number one state in terms of skill development and that all the best companies in the world are working with the state government.

&quot;Electrical automobile market should be produced here. This is the cluster we are thinking and the hub we want to create. My government aims to make&nbsp;Andhra Pradeshtotally pollution free,&quot; he said.

&quot;Andhra Pradesh&nbsp;is number one in skill development. All the best companies in the world are working with us,&quot; he added.

The Chief Minister further said that&nbsp;Andhra Pradesh&nbsp;is doing well in the agriculture sector and that his government now is planning to shift focus on industrialisation and development of service sector to generate employment and improve the economy.

&quot;In the past four years,&nbsp;Andhra Pradesh, which is an agriculture-based economy, has registered double-digit growth of 10.5 per cent. Owing to this, we have focused on industrialisation and development of service sector to generate employment and improve the economy,&quot; Naidu said.

"Andhra Pradesh is number one in skill development. All the best companies in the world are working with us," he added.

In an endeavour to make Andhra Pradesh pollution free, Chief Minister Chandrababu Naidu on Friday called on companies producing electric vehicles to set up a base in the state. Speaking at the Hero Motor Corp. foundation stone laying ceremony, Naidu said Andhra Pradesh is number one state in terms of skill development and that all the best companies in the world are working with the state government. "Electrical automobile market should be produced here. This is the cluster we are thinking and the hub we want to create. My government aims to make Andhra Pradeshtotally pollution free," he said. "Andhra Pradesh is number one in skill development. All the best companies in the world are working with us," he added. The Chief Minister further said that Andhra Pradesh is doing well in the agriculture sector and that his government now is planning to shift focus on industrialisation and development of service sector to generate employment and improve the economy. "In the past four years, Andhra Pradesh, which is an agriculture-based economy, has registered double-digit growth of 10.5 per cent. Owing to this, we have focused on industrialisation and development of service sector to generate employment and improve the economy," Naidu said.

To make AP pollution free, Naidu calls on electric vehicle manufacturers