American loonies in Washington fleecing American consumers with high tariffs

 What they now fear most about their legacies being destroyed, and consigned to history, is the internal combustion engine cars, probably their last legacy left, which is getting killed by EVs.

This will affect ICE vehicle manufacturers in USA, Japan and EU, in particular Germany. We can tell that these three countries realize the consequence of competition from EVs, which China is dominating. And that is why there is all the talk about increasing tariffs to the sky to prevent Chinese EVs from being imported into USA and EU.

Many analysts are saying that even if they increase EV tariffs triple times, Chinese EVs will still be cheaper than Western made ones. So, how could EVs made in USA, Europe and Japan hope to compete in the Global South? Even for their domestic market, they made expensive EVs, impose tariffs on Chinese EVs to make them expensive, and are in fact punishing their own people and forcing them to buy overpriced goods.

Raising high tariffs is the first step of their war against Chinese EVs. Meanwhile, they want to make hay while the sun shines, as those tariffs are additional taxes benefitting the Government of the USA and EU.

China is retaliating. China is investigating dairy products from the EU, targeting EU farmers as a first step. This is going to hurt the EU farmers, just like China raising tariffs on soya bean products from USA at the start of the trade war. China probably has found alternative sources of supply, for example from Russia, and some friendly European states and South American countries. The Chinese think years ahead and act, not on the spur of the moment, and will not be looking back with regret. 

Anonymous