this post was submitted on 14 May 2024
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[–] buckykat@hexbear.net 59 points 6 months ago (7 children)

Biden is expected this week to quadruple tariffs on Chinese EVs and sharply increase levies for other key industries. The moves are designed to safeguard the effectiveness of investments that his legislation is making in those same sectors in the US.

“The president wants to make sure that he protects these investments,” Yellen said. “He believes it unacceptable — as I do — to be completely dependent on China in these areas,” given that Beijing engages in massive subsidies and “is really not playing by the rules.”

Our "effective investments" vs their "massive subsidies"

[–] Parent@hexbear.net 15 points 6 months ago

Is "not playing by the rules" here referring to Chinese government subsidies of EVs? How much is it subsidized anyway compared to say energy credits Tesla gets? Anyone have numbers to get a sense of scale of this claim?

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