China's business leaders are calling out the U.S. for its latest wave of tariffs on key goods like EVs, solar panels, and semiconductors, warning the move could derail global green innovation and disrupt supply chains. 🚨 The China Council for the Promotion of International Trade (CCPIT) slammed the U.S. decision as a “typical form of unilateralism” that ignores World Trade Organization (WTO) rules.
The Biden administration announced Tuesday it would hike tariffs on $18 billion worth of Chinese imports, including raising EV duties to 100% and solar cell tariffs to 50% this year. Critics argue the move echoes past trade wars, with Beijing calling it a “violation of market economy principles.” 📉
“China's green tech industries have powered global sustainability efforts through innovation and fair competition,” a CCPIT spokesperson said, highlighting how Chinese EVs and renewable energy products have driven down costs worldwide. 🔋🌞 Meanwhile, the U.S. faces accusations of “trade protectionism” while subsidizing its own clean energy sectors.
The tariff clash comes as both nations vie for dominance in critical future industries. Analysts warn escalating tensions could slow the global economy’s post-pandemic recovery and fragment supply chains. 🤝 The CCPIT urged U.S. leaders to “revoke the hikes immediately” and collaborate on stabilizing international trade.
