Biden really, really doesn’t want China to flood the US with cheap EVs - eviltoast
Tariffs will rise to 100 percent from the current 25 percent level.
  • Patapon Enjoyer@lemmy.world
    322·
    6 months ago

    The new tariffs are also expected to apply to other clean energy goods, like solar panels and critical minerals

    This is the worse news. Cheap consumer level solar panels have been a game changer

    • Eldritch@lemmy.worldEnglish
      162·
      6 months ago

      To an extent absolutely. The problem on both fronts however is that China’s government heavily subsidizing both. Makes it impossible good or bad for others to compete. Being overprotective of anti-competitive capitalists is definitely the wrong move however.

      • Aurenkin@sh.itjust.works
        171·
        6 months ago

        Massive subsidies to destroy competition is also anti competitive. I have no love of the US auto industry and their many failings but maybe a tarrif tied to the amount the good was subsidized might help prevent that practise.

        I haven’t really thought it through though so I’m sure there are many nuances I haven’t considered.

        • Eldritch@lemmy.worldEnglish
          10·
          6 months ago

          Yes that was the greater point I was getting at. China isn’t some big fuzzy good guy. I’m no fan of the major American Auto manufacturers. But there is good reason that they’re doing this. Even if I think they would do better trying to become more competitive. There’s only so much they can do without similar subsidy from local governments.