Why EV Tariffs Won't Stop Chinese Cars

Today, China has the manufacturing capacity to supply half the world's cars. And it has its eyes on the UnitedStates. While there are already Chinese-owned brandsavailable in the states, including Volvo, Polestar andLotus, no true Chinese brands have arrived in the U.S.as of yet. Insiders say it's only a matter of time though.President Biden slapped Chinese automakers with stifftariffs - effectively doubling the price of an imported EV May 2024. However, some insiders say tariffs maynot be that effective in the long run, and may even do more harm than good.