Then China shouldn’t subsidize its manufacturers’ exports while increasing the burden for foreign companies to compete internally. If anyone thinks China cornering the global EV market is a good long term plan, they are naive.
With how china keeps implanting everything with spyware, I agree to keep them away from the heavy tech incorporated cars. Really wish we could transition away from using chinese shit
Anti China Republicans are going to HATE this! They would MUCH rather Elect the man whose Daughter got over 70 patents FASTTRACKED in China once he was elected!
Protectionism only works in the VERY short term. If the USA doesn't pull its finger out of its ass and make affordable good EVs, then its automotive industry will crash and burn. Because the rest of the world unaffected by tariffs will be buying Chinese (or Korean / European) EVs and not American ones because they'll be expensive and suck.
The US doesn't control the supply chains. Biden subsidizes EVs as well. US labor is too expensive and the resale value of EVs are very poor. If there is a country that can make EVs cheap enough, it is China. The EU and US stand no chance. Even with safety standards and 27% tariffs, Chinese cars are still cheaper, and the quality is good. US currency is artificially too high. US traded in their manufacturing for financialization. This is a case where Joe Biden can't beat the global market, with the rest of the world buying China. American EVs are a flop.