> If it were were not for the new 100% tariff on Chinese electric cars, we'd have $25,000 electrics from BYD and Nio in the US now.
Seems ridiculous that American manufacturers don't have to compete.
Seems ridiculous that American manufacturers don't have to compete.
European and American manufacturers don't get equal access to the Chinese market. Almost all of them have had to enter into partnerships with local Chinese companies with technology transfer agreements to get access to China.
China has subsidized its domestic car industry with cheap loans, cheap land, and direct subsidies for the last decade. What the tariffs do is balance the Chinese government's support of its local car industry:
https://www.nytimes.com/2024/05/14/business/china-exports-ma...
If anything tariffs should have been applied sooner.
You clearly don't know much about it.
As opposed to US and EU firms, which have certainly never received any subsidies /s.