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Why tariffs on Chinese EVs may not work

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Government And Politics,Import And Export Prices,Taxes

A few auto industry insiders are skeptical that tariffs will be able to hold off Chinese EV imports for long. Some say they may even do more harm than good.

In the early 1980s, the Chinese auto industry barely existed. Today the country has the capacity to make about 40 million vehicles annually — enough to supply half the world.

Dunne and other insiders say it's only a matter of time before Chinese-branded cars arrive in the U.S. A few brands, such as Volvo and its subsidiary Polestar, are already owned by a Chinese company, Geely, even though the brands are based in Sweden.

 

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