FP China Brief - May 14, 2024 by James Palmer - U.S. President Joe Biden announces expanded tariffs on Chinese electric vehicles, a Chinese spy goes public in Australia, and Russian President Vladimir Putin heads to China.

 

MAY 14, 2024  |  VIEW IN BROWSER  |  SUBSCRIBE China Brief depends on supportive readers like you. Some of this newsletter is subscriber-only—if you want to get a fuller picture of what’s going on in Beijing, subscribe here. Today is the last day that we are offering 50% off a subscription—act quickly before this offer expires!  Subscribe now Have an institutional subscription to FP? Access China Brief on the web. By James Palmer Welcome to Foreign Policy’s China Brief. The highlights this week: U.S. President Joe Biden announces expanded tariffs on Chinese electric vehicles, a Chinese spy goes public in Australia, and Russian President Vladimir Putin heads to China. Have feedback? Hit reply to let me know your thoughts. Biden Announces Tariff Increase Electric cars manufactured for export by BYD wait to be loaded onto a ship at a port in Yantai, China, on April 18.AFP via Getty Images U.S. President Joe Biden announced a major expansion of tariffs on Chinese electric vehicles on Tuesday—quadrupling them to 100 percent—as well as raising tariffs on other sectors, such as steel, aluminum, and solar. Under Biden, the White House has largely kept the tariffs on Chinese goods that it inherited from the Trump administration, even amid a long-running review of the program. However, this is the first large tariff increase initiated by Biden. The United States currently imports few Chinese electric vehicles, or EVs, but the auto industry sees them as a potentially major threat. The Chinese EV industry has boomed since the mid-2010s and grown exponentially since 2019, thanks to strong government subsidies and a thriving car market with little attachment to previous brands or the machismo of the gas-powered SUV. It also helps that ... read more. Want to keep reading? Subscribe to Foreign Policy to keep reading this post and get the full edition of China Brief in your inbox each week. Today is the last chance to save 50% on a subscription before the price goes up at midnight! In addition to full access to James Palmer’s expert insight on China, a subscription to FP has so many additional benefits to offer: Daily reporting and geopolitical analysis—FP cuts through the noise and provides unique insights not found in other traditional media Live and on-demand video interviews with leading foreign-policy experts and thinkers Quarterly digital and/or print magazines chock-full of timely features The ability to personalize your reading experience with My FP SUBSCRIBE NOW