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US announces higher China tariffs, including 100% for EVs (www.dw.com)

submitted 1 year ago by misk@sopuli.xyz to c/business@lemmy.world

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[–] misk@sopuli.xyz 3 points 1 year ago (2 children)

Chinese government subsidizes EV production so this is not a fair competition. The only way to counter that and do local production subsidies (which US already does to some extent) and tariffs.

[–] BossDj@lemm.ee 3 points 1 year ago* (last edited 1 year ago) (1 children)

Something needs to be different other than just punishing the Chinese. EV prices are shit in the US. It's already unfair. These tariffs should be fed directly into subsidizing EV production and factory development with strict scrutiny (NOT blank check handouts to corporations)

[–] GenEcon@lemm.ee -1 points 1 year ago

So we are competing how is subsidizing the EV industry the most? Thats a stupid idea.

[–] s7ryph@kbin.social 2 points 1 year ago

Didn’t we bail out the big 3 with tax dollars not that long ago?