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Not an EV fan: Trump’s comeback to hurt Chinese EV makers, ‘rough seas’ expected
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Not an EV fan: Trump’s comeback to hurt Chinese EV makers, ‘rough seas’ expected

Donald Trump’s return to the White House will likely complicate the Chinese outlook electric vehicle (EV) manufacturers They are trying to enter the US market after facing new tariffs from the Joe Biden administration.

The president-elect has vowed to raise tariffs on imports from “countries that have been robbing us for years” to protect U.S. automakers. He also vowed to repeal Biden’s policies to encourage the adoption of electric vehicles on his first day in office, saying electric vehicles “don’t work.”

“One thing most Democrats and Republicans agree on is that (the United States) should not allow China to dominate electric vehicles or other industries,” said Robert McNally, founder and president of consulting firm Rapidan Energy Group in Washington. “This is something where there is broad bipartisan agreement, and I think you’ll see that reflected in even more concentrated policies,” he added after Trump took office.

McNally was special assistant to the president. National Economic Council During George W. Bush’s first term in the White House.

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Trump promises high tariffs on Chinese-made cars in first speech after assassination attempt

Trump promises high tariffs on Chinese-made cars in first speech after assassination attempt

Chinese electric vehicle manufacturers bore the brunt of Biden’s policies, which increased the tariff rate from 25 percent to 100 percent in August. The US accused China of flooding auto markets with state-sponsored electric vehicles; this was part of a push for Chinese exports, including semiconductor chips, to reach US$18 billion.