White House levy to protect US makers from cheap imports likely to inflame trade tensions

The US president, Joe Biden, has announced a 100% tariff on Chinese-made electric vehicles as part of a package of measures designed to protect US manufacturers from cheap imports.

In a move that is likely to inflame trade tensions between the world’s two biggest economies, the White House said it was imposing more stringent curbs on Chinese goods worth $18bn.

Sources said the move followed a four-year review and was a preventive measure designed to stop cheap subsidised Chinese goods flooding the US market and stifling the growth of the American green technology sector.

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Despite the risks of retaliation from Beijing, Biden said the increased levies were a proportionate response to China’s overcapacity in the EV sector. Sources said China was producing 30m EVs a year but could sell only 22-23m domestically.

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[–] 77 points 2 years ago (6 children)

The funny thing is, even after the 100% price increase they're still cheaper than american EVs.

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  • [–] 19 points 2 years ago (4 children)

    Not if they use that money to subsidise American EV's.

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  • [–] 7 points 2 years ago

    Adjusted for inflation, they're even cheaper than the Geo Metro was. 1998 Metro is around $19k in 2024 dollars, while some of these Chinese cars are clocking under $14k.

    However, you should also expect it to function like a car cheaper than a Geo Metro.

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