3 ms·
> If it were were not for the new 100% tariff on Chinese electric cars, we'd have $25,000 electrics from BYD and Nio in the US now. Seems ridiculous that Ameri
by teaearlgraycold 2y ago
> If it were were not for the new 100% tariff on Chinese electric cars, we'd have $25,000 electrics from BYD and Nio in the US now.
Seems ridiculous that American manufacturers don't have to compete.
- peutetre 2y agoIt's not competition when it's not a level playing field. European and American manufacturers don't get equal access to the Chinese market. Almost all of them have had to enter into partnerships with local Chinese companies with technology transfer agreements to get access to China. China has subsidized its domestic car industry with cheap loans, cheap land, and direct subsidies for the last decade. What the tariffs do is balance the Chinese government's support of its local car industry: https://www.nytimes.com/2024/05/14/business/china-exports-manufacturing.html https://www.nytimes.com/2024/05/14/business/china-exports-ma... If anything tariffs should have been applied sooner.
- NewJazz 2y agoChina has subsidized its domestic car industry with cheap loans, cheap land, and direct subsidies for the last decade. As opposed to US and EU firms, which have certainly never received any subsidies /s.
- pricechild 2y agoIs it not true that labour is also cheaper, and why is that?
- peutetre 2y agoWorkers have no bargaining power. Residence permits limit the movement of workers. Independent unions are banned. Union organizers are jailed.
- 8n4vidtmkvmk 2y agoNot according to a random video I watched recently. They make over $4k/mo, not too bad.
- itsoktocry 2y agoSo we all get to drive more expensive electric vehicles.
- asadotzler 2y agoTesla has received 3-5 times what BYD has received in US and California government subsidies. Take that subsidies bullshit somewhere else.
- peutetre 2y agoIt's funny how people emotionally pluck some numbers out of the air as if that's some kind of argument. You clearly don't know much about it.