STORY: Washington's tariff hikes affect U.S. negatively: scholar in Norway
SHOOTING TIME: May 17, 2024
DATELINE: May 18, 2024
LENGTH: 00:02:29
LOCATION: Oslo
CATEGORY: ECONOMY

SHOTLIST:
1. various of exterior of the White House
2. various of Chinese EVs
3. SOUNDBITE 1 (English): CARL FEY, Professor of strategy at BI Norwegian Business School
4. various of street views in U.S.
5. SOUNDBITE 2 (English): CARL FEY, Professor of strategy at BI Norwegian Business School
6. various of green transition efforts in China
7. SOUNDBITE 3 (English): CARL FEY, Professor of strategy at BI Norwegian Business School

STORYLINE:

The U.S. has announced new tariffs on a variety of imports from China, including EVs, solar cells and other clean-energy products.

Tariffs on Chinese EVs jumped from 25 percent to a staggering 100 percent.

A Norway-based professor said such protectionist move goes against free trade.

SOUNDBITE 1 (English): CARL FEY, Professor of strategy at BI Norwegian Business School
"So I'm disappointed as an American that the U.S. government has decided to have this protectionist move. Historically, the U.S. has been the major proponent in the world of free trade. I think free trade is very beneficial. I'm in favor of free trade, because we need to produce things as cheaply as possible. And that can be done when we have free trade."

Fey said the protectionist move will negatively affect the U.S.

SOUNDBITE 2 (English): CARL FEY, Professor of strategy at BI Norwegian Business School
"It will at least slow it down very radically, and indeed may have implications for it being difficult for the U.S. to meet its 2050 carbon emission goals. I think it doesn't matter so much at the end of the day, if a technology comes from China or technology comes from Europe or technology comes from the U.S. The important thing should be that we, as a globe, decrease the carbon emissions and hopefully get to net-zero emission.
The environmental things, it's really the area that we all need to collaborate, because we're all in one world together. I do think it will negatively affect the U.S. if it continues to have tariffs, particularly on environmentally focused areas."

Fey said China has done a lot to help the world move towards a green future.

SOUNDBITE 3 (English): CARL FEY, Professor of strategy at BI Norwegian Business School
"I also believe that it is good that everyone gets serious about EV market, everyone gets serious about other things, such as solar cells and batteries and wind power. The Chinese government deserves credit for being an early mover in these areas.
I think that China has done a lot to help the world move towards a green future.
I think that China has done a great job of moving forward to try to help not only China, but to some degree the world, have technologies that can have a greater impact on the green transition."

Xinhua News Agency correspondents reporting from Oslo.
(XHTV)