The Biden administration is suggesting the possibility that new penalties could be put in place if the Chinese makers of electric vehicles try to move their production to Mexico to avoid newly announced import taxes.
  • ShepherdPie@midwest.social
    2·
    6 months ago

    They’ll simply be superior on price based on Chinese subsidies and consumers by-and-large will choose the cheapest option regardless of quality even if it harms them in the long run. This is why Walmart is the largest retailer in the world and a major reason why so many people are broke in the US. It’s a perfect trap.