Why EV Tariffs Won't Stop Chinese Cars

[Tragic Bronson]

Today, China has the manufacturing capacity to supply half the world's cars. And it has its eyes on the United States. While there are already Chinese-owned brands available in the states, including Volvo, Polestar and Lotus, no true Chinese brands have arrived in the U.S. as of yet. Insiders say it's only a matter of time though. President Biden slapped Chinese automakers with stiff tariffs - effectively doubling the price of an imported EV May 2024. However, some insiders say tariffs may not be that effective in the long run, and may even do more harm than good.

 

[mikeavelli]

It’s complicated…… to say the least….

 

[Flagship1]

Closing the front door, while keeping the backdoor wide open has never worked and never will.

Ev subsidies were designed to be foster american jobs etc. There are sooo many loopholes that basically the cost associated with designing the bill and passing it probably makes no sense. Yes some automakers are bringing production stateside at some date, but by then how many jobs and how much was the cost to taxpayers