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There is no glut of Chinese EVs because of the tariffs, but it looks like they might work around that, “It’s a scenario that terrifies America’s auto industry.
by bluejekyll 2y ago
There is no glut of Chinese EVs because of the tariffs, but it looks like they might work around that, “It’s a scenario that terrifies America’s auto industry.
Chinese carmakers set up shop in Mexico to exploit North American trade rules. Once in place, they send ultra-low-priced electric vehicles streaming into the United States.”
https://apnews.com/article/china-vehicles-mexico-evs-automakers-tariffs-f526c5e52b95b624bb4b15d2038e289a https://apnews.com/article/china-vehicles-mexico-evs-automak...
- nozzlegear 2y agoIt seems like the government is becoming wise to those kinds of loopholes. Biden recently announced a tariff on Chinese steel imported through Mexico, I imagine he’ll do the same for Chinese EVs. Trump is even more bearish on China, so it’s not like they can hope Biden loses reelection and the tariffs will go away. https://www.post-gazette.com/business/powersource/2024/07/10/biden-domestic-steel-mexico-tariff-loophole-us-steel-china/stories/202407100080 https://www.post-gazette.com/business/powersource/2024/07/10...
- bluejekyll 2y agoThis is in response to why Americans are not buying EVs. The American auto industry pretty much only advertises its largest vehicles, which is partly what drives that demand.
- nozzlegear 2y agoThat's true, and for the record I'm not against EVs, I'd love to see cheap EVs take off in the US. I have a Chevy Bolt EUV myself. Also, I apparently need to correct what I said about Trump being more bearish on Chinese EVs. From Bloomberg today: "Trump Welcomes China to Build Cars in US in Departure From Biden." https://www.bloomberg.com/news/articles/2024-07-19/trump-welcomes-china-to-build-cars-in-us-in-departure-from-biden https://www.bloomberg.com/news/articles/2024-07-19/trump-wel...