The Biden administration is poised to unveil new tariffs on imported Chinese electric vehicles, creating a potential roadblock for Chinese automakers wanting to expand into the American market.
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.
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.