US announces higher China tariffs, including 100% for EVs
US announces higher China tariffs, including 100% for EVs
The US has announced a series of increased tariffs on goods in various key sectors hailing from China. Semiconductors, solar cells, batteries, electric vehicles and some minerals are among the affected items.
Maybe the presidents generation shouldn't have sold all our manufacturing for plastic trinkets too, but here we are.
I always think, why not just let em sell it at the price they are? It's not like our market is competing. So flood the market with cheap Chinese EVs until our own industry starts actually producing good, inexpensive EVs.
Everything is about protecting corporations here. I just want to be able to afford a car that doesn't pollute as much! Or literally better public transit.
Because of environmental and labor cost differences.
Chinese companies can pay lower wages and pollute more freely compared to US and European companies. So a tariff offsets those advantages.
Chinese government subsidizes EV production so this is not a fair competition. The only way to counter that and do local production subsidies (which US already does to some extent) and tariffs.
Didn’t we bail out the big 3 with tax dollars not that long ago?