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this post was submitted on 29 Jan 2024
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Electric Vehicles
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If countries weren't afraid of Chinese EVs eating into sales of domestic vehicles, they wouldn't be applying tariffs like the US's 25% tariff on Chinese vehicles, a tariff they plan on increasing, by the way: https://www.reuters.com/world/us/us-lawmakers-want-biden-hike-tariffs-chinese-made-vehicles-2023-11-08/
So what? I never said anything about them being afraid. OTOH, using low low prices to wedge themselves in the market and kill competition is their common tactic.