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Biden really, really doesn’t want China to flood the US with cheap EVs
(www.theverge.com)
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this post was submitted on 10 May 2024
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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.
I am genuinely curious if CCP subsidizing cheap steel and aluminium on the global market can be sustained and for how long. If they control output then they've probably got the land resources and authority to keep it up for decades, right? Somebody should do a study on this.