Do not merge with U.S. tariffs on Chinese EVs


Source: theglobeandmail.com theglobeandmail.com

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The United States, the world’s foremost economy and a military superpower, is terrified of Seagulls. Not the ubiquitous seabird but, rather, the compact electric vehicle produced by Chinese carmaker BYD that has a driving range of more than 400 kilometres and a price tag of around US$10,000 in China, less than half that of the cheapest EV available in the U.S. To keep Seagulls off American roads, President Joe Biden raised the tariff on Chinese EV imports to 100 per cent from 25 per cent earlier this month – a stark admission that U.S. automakers can’t compete, and an acknowledgment...