News @lemmy.world MicroWave @lemmy.world 6 mo. ago

Biden announces 100% tariff on Chinese-made electric vehicles

www.theguardian.com Biden announces 100% tariff on Chinese-made electric vehicles

White House levy to protect US makers from cheap imports likely to inflame trade tensions

White House levy to protect US makers from cheap imports likely to inflame trade tensions

The US president, Joe Biden, has announced a 100% tariff on Chinese-made electric vehicles as part of a package of measures designed to protect US manufacturers from cheap imports.

In a move that is likely to inflame trade tensions between the world’s two biggest economies, the White House said it was imposing more stringent curbs on Chinese goods worth $18bn.

Sources said the move followed a four-year review and was a preventive measure designed to stop cheap subsidised Chinese goods flooding the US market and stifling the growth of the American green technology sector.

…

Despite the risks of retaliation from Beijing, Biden said the increased levies were a proportionate response to China’s overcapacity in the EV sector. Sources said China was producing 30m EVs a year but could sell only 22-23m domestically.

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US News @lemy.lol TVgog56789 @lemy.lol 6 mo. ago

Biden announces 100% tariff on Chinese-made electric vehicles

www.theguardian.com /business/article/2024/may/14/joe-biden-tariff-chinese-made-electric-vehicles

174 comments

I guess Americans will never get cheap electric cars. Make no mistake. US automakers aren’t going to use this tariff to buy time to make competitive cheap electric cars. They’re just going to rest on their laurels and continue to sell large overpriced trucks, SUV and their EV counterparts.
Ahhhh the free market lovers !

tim Apple can use Chinese Labour to build his shit and make a trillion dollars.

You try to save a few thousand bucks on Chinese car ? DIE, TRAITOR.
The funny thing is, even after the 100% price increase they're still cheaper than american EVs.
Simple way to make this policy make sense. Instead of a tariff on imports make it a huge subsidy on domestic EVs. We can give the military contractors billions, but giving the American people cheap cars is somehow a bad investment? Soon many positive side effects of a direct, non monetary stimulus
They're banning 25 year old kei trucks, they were definitely not gonna allow China to compete.

God forbid we try to save the planet without making morbillions in shareholder value first.
When China opens up it's domestic market to international goods then the rest of the world should consider doing the same. Until then, match every barrier to entry.
hell yes Americans hate cost effective stuff
Lol he's beating Trump to it. It won't help him at all, but it is funny because it will piss the orange asshole off.
It's the chicken tax all over again
Nice try, Joe, but I will never buy a Tesla. Ever.
I'm still more interested in one than I am a Tesla.
They'll just make all the parts and send them to the US for assembly.
How can anyone see this and not see that the US is a manipulative shithole country? Champion of the free world markets except when they aren't winning, then closed market manipulation and government interference.

The US hasn't been ahead for many years and they can't innovate. So now they just want to keep out actual progress.
I haven't read this yet but it looks relevant:

https://insideevs.com/features/719015/china-is-ahead-of-west/
the way to do it is a mile based shipping tax on all goods, but congress would have to do that. This is just dumb.

Edit: it does say these EV's are subsidized
https://mastodon.green/@solar_chase/112438863761386345
Electric is literally life. Fossil fuel is death. Chose wisely.
Funny how when China makes a bunch of cars it's "over capacity" and needs 100% tariffs, but Japan has been doing the same thing for decades and no one batted an eye.
Why does Biden hate the Earth?
Throw another one on the pile of reasons to not support him.

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