After Trump, Putin in turn taxes her strategic ally, China, on cars

While the number of Chinese vehicles imported into Russia has been multiplied by seven for three years, Moscow has taken measures by relating taxes to customs duties. © Daizuoxin/Getty Images – Russia raises its taxes against Chinese cars.

Save save Receive customs alerts after the United States, Russia. Shortly after taking office, Donald Trump announced many customs of customs rights against Europeans, but also Mexico and Canada. Before attacking China. Beijing is indeed targeted by 10% additional customs duties on all its exports to the United States. After responding by promising to take up customs barriers on a series of American products, China called Washington to “dialogue” and to “stop politicizing and instrumentalizing economic and commercial issues, as well as to stop unjustly repressing Chinese companies”. But China now has another problem to manage, decrypts international mail. Indeed, Vladimir Putin is about to tax Chinese vehicles. Strategic ally of Beijing, Russia wants to “stem the influx of imports of Chinese vehicles,” said Financial Times. For what ? Because for three years, exports of Chinese vehicles in Russia have multiplied by seven. In 2024, Russia welcomed a little more than a million Chinese vehicles on its territory, or “30 % of car motor exports”, according to the Financial Times. Read also: Trump does not deviate from a recession, “the more customs duties last, the more the risk rises” a quarter of the price of the vehicle that is so many imported Chinese vehicles? It is first necessary to take into account the invasion of Ukraine by Russia leading to many sanctions against Moscow. Deprived of European vehicles, Russia has therefore turned to China. In the opposite direction, China has been affected by anti -dumping measures from American or European companies. But today, Vladimir Putin is raging. According to Newsweek, he decided to note the “recycling taxes”. Compared to customs duties, they were noted at just under 7,000 euros per vehicle. According to the American magazine, these taxes supposed to “cover the cost of recycling” must in reality “protect national manufacturers and encourage their foreign competitors to install local production in Russia”. Read also: Donald Trump will buy a Tesla to support Elon Musk in a difficult result, with their recovery, they now correspond to more than a quarter of the price of the vehicle. This is more than the taxes imposed by Europe and the United States. According to our colleagues even if the two countries have strongly reinforced their links in recent years, the share of Chinese vehicles on the Russian market (60% in 2023) raises fears of a loss of monopoly in Moscow and especially that Chinese products do not supplant those of the country. Receive our latest news twice a week, automotive news at a glance. (tagstotranslate) Customs

Credit-Read More

// Function to fetch the latest posts
function fetchLatestPosts() {
const feedUrl = ‘https://newskiosk.pro/feed/’; // Replace with your blog’s RSS feed URL
fetch(feedUrl)
.then(response => response.text())
.then(str => new window.DOMParser().parseFromString(str, “text/xml”))
.then(data => {
const items = Array.from(data.querySelectorAll(“item”));
const latestPostsContainer = document.getElementById(“latest-posts”);
latestPostsContainer.innerHTML = ”; // Clear previous posts

// Shuffle the items array
const shuffledItems = items.sort(() => Math.random() – 0.5);

// Select the first 5 items from the shuffled array
const selectedItems = shuffledItems.slice(0, 5);

// Loop through the selected items and display them
selectedItems.forEach(post => {
const link = post.querySelector(“link”).textContent;
const description = post.querySelector(“description”).textContent;

// Create a new post element
const postElement = document.createElement(“div”);
postElement.classList.add(“latest-post”);
postElement.innerHTML = `

${description} Read more

`;

// Append the new post element to the container
latestPostsContainer.appendChild(postElement);
});
})
.catch(error => console.error(‘Error fetching the latest posts:’, error));
}

// Call the function to fetch and display the latest posts
fetchLatestPosts();