Quadruple! Coming soon, the United States is ready to "get hands" on Chinese electric vehicles?

Jintou.com

2024-05-13 17:30Published on the official account of Zhejiang Jintou.com

Since last week, a number of foreign media have been reporting that the United States is about to announce measures and prepare to "move" against Chinese electric vehicles. This week, major Western media outlets such as Bloomberg and the Financial Times reported that Biden may announce the decision on Tuesday.

Specifically: after nearly two years of deliberation, Biden will raise or increase tariffs on targeted industries. According to the sources, the total tariff on electric vehicles in China will be increased from 27.5% to 102.5%.

In other words, after Trump learned the news, he said that if he was elected, the cars made by China in Mexico would also have to be subject to a 200% tariff.

It is not difficult to see that in the election year, hyping China has become a necessary course for the United States for the sake of that vote.

But then again, the global automotive industry is in a time of flux.

Both the automotive and automotive manufacturing industries are changing at a rapid pace. In the face of new entrants and new technologies, today's leaders and the past half-century are not guaranteed to continue to stay ahead of the curve.

Although China was initially slow to adopt EVs, in 2023, China's EV market share was as high as 37% (up from 5% in 2020 and .84% in 2015), surpassing several early adopters of EVs.

As for the so-called subsidies in the United States, in fact, from 2009 to 2022, the mainland's subsidies for electric vehicles are also lower than the hundreds of billions of dollars in subsidies allocated by the United States in the Inflation Reduction Act, and most of them are also "eaten" by ourselves.

Of course, the reason why the United States is doing this is that they have the inherent thinking that the current means against China have been successful, that is, in the seventies and eighties of the last century, Japan exported a large number of steel and automobiles to the United States, and the United States forced Japan to sign an agreement through tariffs and other means, and they think that we will compromise in the future.

In fact, from the perspective of electric vehicles, ASEAN, the European Union, Latin America and other regions are China's main export areas for electric vehicles, so the US media also analyzed that Biden's policy is only symbolic.

It is worth mentioning that if the United States implements the above operations, it means that the starting price of Chinese electric vehicles into the United States will reach about 54,000 US dollars, and American politicians think that our technology is not good, so we can't compete with them, unless we set up factories in the United States.

Further, the U.S. is also taking action against China's electric vehicles for its own strategic goal - Made in the United States, which was proposed by the United States many years ago to revitalize its own manufacturing industry.

But if you don't pursue your own capabilities, and blindly take measures to the outside world, the result must be bad, let's say tariff increases, although China's current exports to the United States are very small, but pay attention to other manufacturing areas?

The outcome must be that the United States is still dependent on Chinese goods, but due to tariff issues, commodity prices are growing, and the more areas there are, the greater the threat of inflation in the United States.

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