this post was submitted on 18 Oct 2024
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Explain Like I'm Five
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A country putting tariffs on imports doesn't necessarily mean it's being anti-competitive, or anything nefarious.
In this example, the argument generally goes that China's EV market is so cheap, compared to the US's, because the Chinese government subsidizes it, I.E. gives EV makers free money so they can lower costs or expand infrastructure, which in turn leads to lower prices. Thus, a US tarrif is just attempting to re-level the playing field. How much truth there is to this, I don't really know.
And this, in TURN, doesn't necessarily mean that China is being anti-competitive either. There's nothing wrong with them saying "Having a robust EV infrastructure is good for our country, and we think it's going to be very important for our future, so we're going to invest heavily into that."
What happens when a Chinese person immigrates to the US and wants to bring their car with them?