Why EV Tariffs Won't Stop Chinese Cars

Why EV Tariffs Won't Stop Chinese Cars

Think higher tariffs are the key to saving the auto industry? Think again. Despite popular belief, these measures may actually backfire, leaving consumers and workers worse off. Curious how China’s approach is shaking up the market and what it means for future policies? Stick around to uncover why higher tariffs might not be the solution we need.

Janet Yellen, known for her expertise as one of the leading economists globally, would likely agree that tariffs aren't effective in addressing economic imbalances. Economics 101 suggests they generally fail to achieve their intended goals. This insight gains relevance now that President Joe Biden has announced plans to increase tariffs on Chinese electric vehicles from 25% to 100% in an effort to support the U.S. auto industry.

🔔 Remember to subscribe for more insightful content on global innovation and economic trends. Don't forget to like, share, and comment to support our channel! Your feedback drives our content!

✅ Stay Connected With Us.

#chinaeconomy #chinatechnology #chinanews

🔗 Check out our other videos on international relations, technological advancements, and more.

Thank you for watching, and we look forward to your engagement in the comments section below. Let's discuss and understand these critical global issues together!

👍 If you found this video insightful, please like and share it. Your support helps us to continue providing in-depth analyses and diverse perspectives on world-changing events.

=============================

✅ Recommended Playlists

👉 Shorts Videos

👉 Channels Video Collection

Subscribe to our Channel today and start exploring the universe!

We hope you'll join us on our journey of exploration!

For Collaboration and Business inquiries, please use the contact information below:

Disclaimer: We do not accept any liability for any loss or damage incurred from you acting or not acting as a result of watching any of my publications. You acknowledge that you use the information I provide at your own risk. Do your research.

Copyright Notice: This video and my YouTube channel contain dialog, music, and images that are the property of Revel Discovery. You are authorized to share the video link and channel and embed this video in your website or others as long as a link back to my Youtube Channel is provided.

© Revel Discovery

[kengkuanlooi]

Even if the selling price of made-in-China EVs is about the same as made-in-America ones, China cars will still sell quite well bcos its battery, design n build-quality has matched or even surpassed those from top legacy carmakers. It's a matter of years, not decades, before China cars capture at least 30% of American market

[Wayne-tbtk]

No one would buy Chinese cars if they are around or near the price of a quality vehicle, , da the saying goes "" you get only what you pay for "" Except maybe if you buy Chinese!!!