Tariffs of up to 37.6 percent on Chinese-manufactured electric vehicles go into effect July 5, initially for four months, but that could be extended into years.
The 19 China-based companies are among 61 entities sanctioned over ‘directly supporting Russia’s military and industrial complex’ in its war with Ukraine.
China’s electric vehicle exports have recorded their first decline amid intensifying trade tensions with the West that have resulted in increasing tariffs.
The number of refusals more than doubled again after export rules were tightened in 2022, over reasons including sanctions, national security, and human rights.
The Tories vowed to treat China as a top threat in the Foreign Influence Registration Scheme, while Labour promised ‘a longterm and strategic approach.’
The party vowed to include China, Russia, and Iran on the enhanced tier of the Foreign Influence Registration Scheme, forcing agents to declare most activities.