Comment on History says tariffs rarely work, but U.S. President Biden’s 100% tariffs on Chinese EVs could defy the trend, researcher says

Dyf_Tfh@lemmy.sdf.org ⁨5⁩ ⁨months⁩ ago

A 100% is simply way too overkill. At this point it is not a tariff, but a straight up ban.

The aim of a tariff is making a fair competition between local products and imports, ultimately to lower prices for consumers.

What has been done here, is pure protectionism for the companies that didn’t invest enough in EV.

In the EU where we actually have Chinese competition, the cheapest EU-made EV (Citroën eC3) start at 23000€ and multiple models at this price point are coming in the next few years (Renault 5, VW ID2…)

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