China is becoming an increasingly unreliable trade partner. Preventing them from completely taking over a segment is prudent.
this post was submitted on 10 May 2024
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The US doesn't control the supply chains. Biden subsidizes EVs as well. US labor is too expensive and the resale value of EVs are very poor. If there is a country that can make EVs cheap enough, it is China. The EU and US stand no chance. Even with safety standards and 27% tariffs, Chinese cars are still cheaper, and the quality is good. US currency is artificially too high. US traded in their manufacturing for financialization. This is a case where Joe Biden can't beat the global market, with the rest of the world buying China. American EVs are a flop.
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Translation: Biden doesn't want fire hazards that take hours and hundreds of gallons to extinguish imported from china.
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