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Yep, it's going to make everything more expensive (lemmy.world)

submitted 2 months ago by [email protected] to c/[email protected]

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[–] [email protected] 1 points 2 months ago

100% tariffs on Chinese manufactured EVs are claimed to be in retaliation on for unfair Chinese government subsidies

The Chinese government subsidies are the same set of public improvements and business incentives every industrial country provides to build up domestic infrastructure. They're significantly less generous than the Big Three Bailouts that Bush, Obama, Trump, and Biden all had to extend at least once in each of their terms.

US government is offering incentives to domestic EV manufacturers

But this is also an "unfair" subsidy, isn't it?

I’m not convinced that they’ve put this much thought into it, nor that domestic manufacturers will use this window of opportunity

Foreign car companies - BYD being one, but Hyundai, Toyota, and Volkswagen certainly piling on the bandwagon - have invested far more money in small vehicle production than US contemporaries. Consequently, they tend to produce vehicles with better fuel economy at a much cheaper price point.

At the end of the day, that's what this tariff is penalizing.