Advertisement
The president-elect has promised to raise tariffs on imports from “countries that have been ripping us off for years” to protect US car makers. He has also vowed to repeal Biden’s policies to drive EV adoption on his first day in office, saying EVs “do not work.”
“There is one issue on which most Democrats and Republicans agree is that [the US] should not let China dominate EVs or any other sectors,” said Robert McNally, founder and president of consulting firm Rapidan Energy Group in Washington. “That is something where there is broad bipartisan agreement, and I think you’ll see that reflected in even more intense policies” after Trump takes office, he added.
Chinese EV makers bore the brunt of Biden’s policies when he raised the tariff rate to 100 per cent from 25 per cent in August. The US blamed China for flooding its auto markets with state-subsidised EVs, part of a move to hit US$18 billion of Chinese exports including semiconductor chips.
Advertisement