Why is US imposing 100% tariff on Chinese electric cars?

Sky's economics and data editor Ed Conway says there are political as well as economic reasons for the Biden administration's actions, warning they are likely to draw a response.

Read more here:

#usa #china #skynews

[ivosilva]

So, free market only when it suits the US. 😂😂😂

[dundunsar]

US made cars still very expensive with 100% tariff. Poor US consumers.

[christopersambeli]

because they cant compete wirh china thats why

[willeisinga]

Tarifs is another Word for Taxes. Americans Pay the Taxes. Not the Chinese.

[vla]

There was never an overcapacity issue when the time western and Japanese cars flooded into Chinese market.

[zoom]

Because they can't compete with China 😂😂😂

[lyxbollyvykn]

Free market never existed, all developed nations used protectionism to develop their own industries, but they tell third world countries free market is the way when they do the opposite.

[torotomika]

This is atrocious, I've never been so angry, such a backwards horrible policy. They turn off comments on other platforms because they know how outrageous this policy is. Why do Americans let this happen?

[robijorum]

Calling US dellusional is an understatement😂

[zxlzxlzxl]

china welcomed telsa while us banned chinese evs
So who is the real free market😂

[alejomanuelguerrero]

American protectionism against free trade again

[tedwong]

BYD ceo already said he cant care less about american market, its building affordable ev to dominant lower income countries, Mexico plant has sold zero car to the US

[yuanjunshen]

A few years ago, when Tesla wanna enter the Chinese market. China has a few options, one is to stop it by raising tariffs, and the second option is to ask it to form a new company with a 50 % share owned by a Chinese company. However, China goes with one that fully opens the market to Tesla, lets it own 100% share, and even subsidizes its running cost. Yes, many Chinese EV companies died after Tesla joined the game, but it does make the ones survive strong. Today, the US can easily put tariffs on Chinese EVs, however, it means the American EV makers won't improve. Later, the US will have to face a tougher decision of raising tariffs on the EU, Japan, and other friends.

[steveclemens]

To "Protect" the American Car Companies who have been cutting way back on their commitment to building EVs

[conworldus]

100% tariff on $0 is still $0. Basic math.

[Morehu-sfwh]

And its the average Amerca working class that suffers, buying expensive US made vehicals, no free capitalist competition allowed, The USA is looking more like Totalitarian Communist and China more like Capitalist, how ironic how things change

[benali]

Interesting how Americans are calling it "car wars" when China hasn't done anything in response 😂

[talkingchinoy]

That’s purely authoritarianism, let the Americans have the freedom to choose what they want

[draventsin]

Great! I now place an order for Xiaomi su7 car and have to wait in line to get the car next year, and overcapacity is all a lie of politicians. Americans don't grab quality cars from me

[marktrinidad]

I was lied to, I thought America is the beacon of American capitalism and free market. But since they are now losing, the real face of America was shown and its just utterly hypocritical of them to tell poor countries they should adapt free market but doing the opposite on their economy.