United States | News & Politics

7241 readers

69 users here now

founded 4 years ago

MODERATORS

pangyuehung@lemmy.ml

yogthos@lemmy.ml

320

President Biden announces a series of tariffs on green energy products from China. (lemmy.ml)

submitted 6 months ago by dessalines@lemmy.ml to c/usa@lemmy.ml

166 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] LeLachs@lemmy.ml 38 points 6 months ago (1 children)

Correct. If there were no tariffs, you could buy a chinese EV for cheap. In this case for so cheap that the domestic US/Non-Chinese market cannot compete. So in order to protect these markets, the product needs to be made artificially more expensive with tariffs. This way, the domestic markets have a chance of competing.

However, this also isolates the country and provokes retaliation from the other side. This usually results in both sides sabotaging their trade relations with each other (for ex. with tariffs) which is called a trade war.

[–] monobot@lemmy.ml 8 points 6 months ago

I would be surprised if China cares too much, there is the rest of the world that needs small cheap EVs and solar panels. But they must do something as response, that's diplomacy.

I also don't see the problem to put tariffs to protect domestic products, sometimes it is necessar, but prohibiting completely is not cool.