this post was submitted on 10 May 2024
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US to impose tariffs on Chinese EVs next week (www.arenaev.com)
submitted 6 months ago by boem to c/technology
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[–] Maggoty 2 points 6 months ago* (last edited 6 months ago)

China is hardly going to be able to under cut the Big 3. Unless they just refuse to come down on their prices. More competition stops monopolistic forces, not the other way around. This narrative has been going around like our auto industry is some mom and pop shop that needs protection from Walmart. In reality they're the monopolistic force in our market and you can see that by the insane prices they are charging.