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If Britain and the EU fail to postpone post-Brexit trade rules dictating local content in electric vehicles traded between the bloc and the UK, average EU-made car prices will rise 3,400 pounds ($4,134) in January, a trade group said on Wednesday. The Society of Motor Manufacturers and Traders (SMMT) said those same rules will also add 3,600 pounds to the average British-built EV sold in Europe. "Not only would consumers be out of pocket, but the industrial competitiveness of the UK and continental industries would be undermined," SMMT CEO Mike Hawes said in a statement.

U.S. President Joe Biden signed the Inflation Reduction Act on Aug. 16, 2022, including electric vehicle subsidies with 'buy American' rules. Mandel Ngan/AFP via GettyThe 2022 Inflation Reduction Act, President Joe Biden’s landmark climate law, is now expected to prompt a trillion dollars in government spending to fight climate change and trillions more in private investment. But the law and Biden’s broader “buy American” agenda include measures that discriminate against imports. One year in, th

A WTO dispute settlement panel found China had acted inconsistently with its WTO obligations by imposing additional duties on certain U.S. imports in response to U.S. tariffs on steel and aluminum.

How will these new trade rules work exactly? what else is china saying about this? >> i think it's guaranteed it will escalate tensions between the two largest economies. china, very upset. president biden signed an executive order, banning new american investment in key technology industries in china, hong kong, and makal. this was long expected. now, we know the details. semiconductors and quantum information technologies and artificial intelligence systems. this means that capital equity will not be allowed to invest, and help china to develop technologies that support its military and mode...

It said it can no longer meet Brexit trade rules on where parts are sourced.