Is the United States planning to kill China's electric vehicles?
According to multiple media reports, the United States plans to increase the import tariff on Chinese electric vehicles from 25% to 100%, while also imposing new tariffs on semiconductors, photovoltaic equipment and medical supplies.
So why are you suddenly eyeing electric vehicles? The United States has seriously talked nonsense for some outrageous reasons, and it has really been difficult for them all these years. U.S. Secretary of Commerce Raimondo, in a program, compared China's electric cars to "iPhones with four wheels" and claimed that these cars would collect data from millions of Americans if they were driven on American roads. Imagine if there were 3 million Chinese cars on U.S. roads, she added, and China could turn them off at the same time.
Seeing this news, I was stupid, but I also seemed to understand, this sister is clearly an American traitor, and it is okay to endorse Huawei, which exaggerates the theory of the China threat, but it is clearly hinting to us: iPhone, Boeing and other American products have been transmitting confidential data back to the United States, and may be shut down by the United States at any time. Oh, by the way, isn't the mobile phone of Merkel and other leaders of many countries being monitored? Isn't that all right?
In addition to Raimondo's thunderous statement, the U.S. is also hyping up China's "overcapacity" of electric vehicles and accusing China of subsidizing electric vehicles. The rhetoric is probably like this, the electric vehicles produced in China cannot be digested by the Chinese market, which sounds very bluffing, but if you think about it carefully, it is indeed bluffing.
If you want to say that you can't consume something in your own market, the most typical example is definitely the dollar, why haven't you heard the Americans say that the dollar is overcapacity? If you were to say, the currency is too special. So the United States exports so many chips, planes, and agricultural products, which of them can be consumed by their own market? Germany, Japan, and South Korea are also exporting large quantities of industrial products, and the amount far exceeds their own consumption.
So, the logical loophole here is too obvious. According to the forecast of the International Energy Agency, the global demand for new energy vehicles will reach 45 million in 2030, 4.5 times that of 2022.
As for subsidies, China's electric vehicles have today's step, which is rolled out, not subsidized. And the most ruthless subsidy is now done precisely by Europe and the United States themselves. In the United States, electric vehicles can receive up to $7,500 in federal tax credits, and in order to suppress Chinese electric vehicles, they also deliberately stipulated some time ago that electric vehicles produced in China, or electric vehicles that also contain Chinese battery components, cannot enjoy this subsidy.
Let's just say, which of these problems that the United States accuses China of is not the United States itself doing?
Of course, they have one last reason: national security. Don't ask what evidence there is, ask is still investigating. This reminds me of Pelosi's saying that China's 5G technology endangers U.S. national security, so countries should not use Huawei. Then, Fu Ying asked her rhetorically:
After China's reform and opening up, a variety of Western technologies were introduced, and American companies such as Microsoft and IBM were active in China. From 1G to 4G, China's technology almost all comes from developed Western countries, and China has maintained its political system and is not threatened by technology. But why would the introduction of Huawei technology to 5G in Western countries threaten the political system? The U.S. democracy is so fragile that a single high-tech company could threaten Huawei?
Whether the American democratic system is fragile or not is not visible now, but they are very nervous.
So why do you want to do Chinese electric cars all of a sudden?
Mr. Trump gave the answer at a campaign event when he said that "Chinese automakers are welcome" to build factories in the United States, but only if they hire American workers.
So, there are two core issues involved:
1. Ballot papers. This is easy to understand, after all, it is an election year, and the group of auto workers is large and numerous, so we have to satisfy them and get more votes.
2. The automotive industry chain is too important. According to the report, the automotive industry accounts for 3% of the GDP of the United States, and many countries with a population of tens of millions have entered the ranks of developed countries by relying on the automobile industry chain alone. In recent years, the United States has been trying to bring manufacturing back and increase the employment rate in the United States. The most typical is the "Inflation Reduction Act", but it has not been successful in recent years, and the reshoring is not ideal. And the cars produced in the United States are not at all the opponents of Chinese electric vehicles, and the report cites an example, an electric car in China that costs $12,000 is at least 3-4 times more expensive in the United States with similar technology and technology. Musk once said that if there are no trade barriers, China will almost destroy most other car companies in the world, and they are very good.
So, they are trying to protect their auto companies by increasing tariffs and keeping Chinese cars out. The main one, stronger than you, when free trade; When you are weaker, you will be tariffed more.
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