US-China Talks Ease Trade Tensions Amid New Tariffs

Ongoing dialogue between the US and China has helped prevent major retaliatory actions over recent American tariff hikes on Chinese goods.

The US imposed new tariffs on Chinese imports, including 100% on electric vehicles and 50% on solar cells, effective September 27.
China has not retaliated against these tariffs, partly due to continued diplomatic discussions and a nuanced understanding of US intentions.
Chinese Commerce Minister Wang Wentao and US Commerce Secretary Gina Raimondo are scheduled to discuss economic and trade issues, including EV tariffs, in upcoming talks.
Canada and the European Union have also imposed tariffs on Chinese EVs, prompting China to file appeals with the World Trade Organization and launch anti-dumping investigations.
Chinese EV manufacturers, led by companies like BYD, Nio, and Li Auto, continue to dominate global sales despite increasing international trade barriers.