this post was submitted on 15 Jul 2024
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Electric Vehicles
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That doesn't explain why the Trump administration placed a 25% tariff on Chinese electric vehicles or why the Biden administration raised that to 100%. In order for a Chinese vehicle to meet those standards they have to do it for half the cost to compete with an equivalent American EV that would sell for the same price. Just like all domestic and import vehicles they would have to meet US safety standards but unlike Japan or Europe they have an artifical handicap placed on them to prevent competition. That's the issue here.