President Biden is expected to quadruple tariffs on electric vehicles from China in an announcement Tuesday, according to a source familiar with the decision.
German industry is/was in shambles as they allowed an unreliable trade partner, Russia, to completely take over a segment in the German economy (oil & gas). When that unreliable trade partner pulled the rug in 2022, suddenly Germany is paying out the ass for LNG, reducing factory output, even on-lining coal plants to keep the lights on.
It is simply a bad idea to allow an unreliable trade partner to take over a segment in your economy.
German industry is/was in shambles as they allowed an unreliable trade partner, Russia, to completely take over a segment in the German economy (oil & gas). When that unreliable trade partner pulled the rug in 2022, suddenly Germany is paying out the ass for LNG, reducing factory output, even on-lining coal plants to keep the lights on.
It is simply a bad idea to allow an unreliable trade partner to take over a segment in your economy.
Bruh.
Cars are not fossil fuels…
Like, we’re talking America here, where people who work in offices drive 100k trucks with an hour commute each way.
There is literally no way that the allowance of cheap Chinese EVs substantially hurts American automakers.
You could give them out for free with a fill up and 50% of the country still wouldn’t ride in one let alone own one.