I'm perfectly fine with competition. This is the world. I'd buy a cheap Chinese car that passed regulations for driving in my country.
Trying to tariff instead of competing is just delaying the inevitable.
this post was submitted on 01 Jul 2024
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I think the tariffs are because the Chinese government seems to be pumping money into the electric car industry so they can keep prices artificially low and corner the market, then use their market position to extort other countries into giving in to their totalitarian politics. The more dependence we have on China, the more power the CCP wields internationally.
So why aren't other governments doing something similar?
Our government (Australia) basically told the last couple of brands that manufactured locally to piss off. So they did. So now we have literally zero local manufacturers.
US government does plenty of subsidies, not sure why you think China shouldn't do the same. The more power CPC wields internationally the less power burger empire wields. Seems like a win-win to me.
I think we need more govt subsidies to green tech and less subsidies to the fossil industry, i don't care if it's all a big 8d chess move to make us all speak Mandarin Chinese, the important bit is not dying rn.
China is definitely pumping money into its manufacturing capabilities, but I don't think cornering the international market is why.
What appears to be happening is that local officials pushed an industrial development policy to make economic numbers go up. Some provinces got to the point of building factories and leasing them out to companies for that sweet economic growth.
The Chinese national government is trying to find a market for this since it can't afford for all Chinese local investment to be bad. Developing countries don't have the funds for the cheap solar output and the other industrialized nations are putting up trade barriers since they are running massive trade deficits with China already.
Alternate title: Car companies about to hit the "find out" part.