The United States has adopted a firm stance towards the growing influence of Chinese electric vehicles (EVs) in the international market. This policy is evident in the actions of both former President Donald Trump and current President Joe Biden.
Joe Biden has implemented measures to restrict the import of Chinese EVs into the United States. These actions include a 100 percent tariff, a move aimed at safeguarding American automakers from what he perceives as unfair competition, particularly given Beijing’s significant subsidies. This policy effectively blocks the access of Chinese-made EVs to the US market.
The rise of Chinese EV manufacturers like BYD is notable. BYD surpassed Tesla in electric car production last year, underscoring the rapid advancements and expansion of Chinese companies within the global EV sector. This burgeoning presence has led to a reevaluation of trade and industrial policies in countries like the United States, as governments grapple with the implications of this shift.
