The tariff rate on EVs is set to quadruple to 100 per cent this year, while the one for semiconductors will surge from 25 per cent to 50 per cent by next year, said the White House.
Besides EVs, the US tariff hikes also impact solar products, batteries and medical products on China are politically motivated and are not likely to lead to an uncontrolled trade war, analysts said on Wednesday .
The action is aimed at encouraging China to"eliminate its unfair trade practices regarding technology transfer, intellectual property, and innovation", it added in a statement. “This latest round, it's a ramping up , but so far I think we haven't seen either side really want things to get out of control,” said Dr Chong Ja Ian, a political scientist and associate professor at the National University of Singapore.
He added that the only way the situation could escalate is if the US imposes tariffs on Chinese products entering the country from other countries.
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