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Biden urged to ban China-made electric vehicles (www.bbc.com)

submitted 7 months ago by tardigrada@beehaw.org to c/usnews@beehaw.org

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President Joe Biden has been urged to ban imports of Chinese-made electric cars to the US.

The chair of the Senate Banking Committee, Senator Sherrod Brown, wrote "Chinese electric vehicles are an existential threat to the American auto industry".

His comments are the strongest yet by any US lawmaker on the issue, while others have called for steep tariffs to keep Chinese electric vehicles (EV) out of the country.

In February, the White House said the US was opening an investigation into whether Chinese cars pose a national security risk. At the time, President Biden said that China's policies "could flood our market with its vehicles, posing risks to our national security" and that he would "not let that happen on my watch."

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[–] TheAlbatross@lemmy.blahaj.zone 16 points 7 months ago (19 children)

He's right. The idea of a sub $15k sedan is a threat to the US auto market. Make it an EV to boot and America just can't compete in the free market.

It's a shame that the common person has to get shafted to protect the auto industry and while I have zero sympathy to the c-level management and shareholders, the auto industry does employ many working class folks who could be very much harmed by cheap imported cars.

[–] tardigrada@beehaw.org 15 points 7 months ago* (last edited 7 months ago) (14 children)

The major problem here is that China is offering prices below production costs aiming to ruin foreign competition. Once the objective of a monopoly-like market is reached, they can increase the price.

China's domestic market has already seen a heavy price war leaving many EV companies in financial troubles (and, consequently, leaving buyers often without the possibilty of software maintenance and other after-sales services).

Baidu's brand WM Motor, for example, ran out of liquidity last year, as well as Tencent's Aiways. Other brands like Levdeo or Singulato filed for bankruptcy if I remember that right.

[Edit typo.]

[–] TheAlbatross@lemmy.blahaj.zone 2 points 7 months ago

Thanks for the extra info!

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