Why tariffs on Chinese EVs may not work
Publishing timestamp: 2024-06-15 08:00:01
Summary
The Chinese auto industry has grown significantly, with the capacity to produce 40 million vehicles annually. China is now looking to export cars to other countries, including the U.S. However, President Biden has introduced tariffs on Chinese EVs, sparking debate among politicians and industry insiders about the impact of these tariffs on the global auto industry. Some believe tariffs may not be effective in holding off Chinese imports in the long run.
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Keywords: government and politics, automobile manufacturing, business news, autos, trade regulation, breaking news: business, donald trump, retail industry, tesla inc, video first, electric vehicles, michael dunne, china, electric vehicle manufacturing, joe biden, taxes, import and export prices, transportation, sweden,
Source: https://www.cnbc.com/2024/06/15/why-chinese-ev-tariffs-may-not-work.html