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China Imposes $22 Billion Tariffs on US Goods: What This Means for Global Trade

by News Editor

March 10, 2025

In a significant move, China has imposed new tariffs on US imports totaling $22 billion. Key agricultural products are among the most affected.

Key Insights

Beijing targets soy imports from the US, enforcing a 10% tariff. In 2024, US soy exports to China reached $12 billion.
Other products affected include sorghum, pork, beef, fruits, vegetables, and dairy.
Additionally, a 15% tariff is applied to cotton, chicken, and corn imports.

Nomura analysts estimate that the 10% tariffs affect around $19 billion of US imports, while goods subjected to the 15% tariff are valued at $3 billion.

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What To Watch

The heightened tariffs could decrease the competitiveness of US agricultural exports in China. Analysts warn of heightened inflation and potential economic setbacks in the US. However, former President Trump dismissed these concerns, despite hints at possible market turbulences during his Congressional address.

Recent Developments

China’s tariffs respond to US-imposed 10% tariffs on Chinese imports, effective March 4. Tariff coverage now includes major consumer electronics from China, like smartphones and laptops, resulting in cumulative duties of 20%.

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Electric Vehicle Leaders Urge EU To Maintain 2035 Zero Emission Mandate

by THEFUTURE.TEAM

September 13, 2025

Industry Voices Emphasize the Importance of Commitment

Over 150 key figures from Europe’s electric car sector, including executives from Volvo Cars and Polestar, have signed a letter urging the European Union to adhere to its ambitious 2035 zero emission goal for cars and vans. These industry leaders warn that any deviation could hamper the progress of Europe’s burgeoning EV market, inadvertently strengthen global competitors, and weaken investor confidence.

Evolving Perspectives Within the Automotive Community

This call comes in the wake of a contrasting appeal issued at the end of August by heads of European automobile manufacturers’ and automotive suppliers’ associations. That letter, endorsed by the CEO of Mercedes-Benz, Ola Kaellenius, argued that a 100 percent emission reduction target may no longer be practical for cars by 2035.

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Discussion With EU Leadership on The Horizon

European Commission President Ursula von der Leyen is scheduled to meet with automotive industry leaders on September 12 to deliberate the future of the sector. Facing stiff challenges such as the rise of Chinese competition and the implications of US tariffs, the stakes for the EU’s policy decisions have never been higher.

Potential Risks of Eroding Ambitious Targets

Industry leaders like Michael Lohscheller, CEO of Polestar, caution that any weakening of the targets could undermine climate objectives and compromise Europe’s competitive edge in the global market. Michiel Langzaal, chief executive of EU charging provider Fastned, further highlighted that investments in charging infrastructure and software development are predicated on the certainty of these targets.

Regulatory Compliance And The Mercedes-Benz Exception

A report from transport research and campaign group T&E indicates that nearly all European carmakers, with the exception of Mercedes-Benz, are positioned to meet CO₂ regulation requirements for the 2025-2027 period. To avoid potential penalties, Mercedes must now explore cooperation with partners such as Volvo Cars and Polestar.

Conclusion

The industry’s unified stance underscores the critical balance between environmental aspirations and maintaining competitive advantage. With high-level discussions imminent, the EU’s forthcoming decisions will be pivotal in shaping not only the future of the continent’s automotive sector but also its global positioning in the race towards sustainable mobility.