this post was submitted on 18 Oct 2024
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Explain Like I'm Five
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International trade is complicated. I say US here but almost everyone put tarrifs on Chinese EVs. Germany's economy for example heavily relies on the auto industry, and a collapse could mean a lot of problems.
You also don't want a monopoly. If China are the only one's selling cars, it won't be long before they are no longer cheap. We speak of cars but it's the same for food. You don't want a foreign country to have an economic handle on your food.
It's also worth noting that these other products are often cheaper because the people making them have a lower quality of life. We don't want to end up in a race to the bottom.