this post was submitted on 17 Sep 2024
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[Dormant] Electric Vehicles
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The Chinese subsidies artificially bring down the prices of their cars so that other companies can't compete with their prices. The point of the tariffs is to inflate the price of Chinese EVs to make them too expensive to undercut American competition.
The only people benefiting are American businesses and maybe their factory worker, but the American consumer just ends up paying more for everything.