These Times
Biden’s Car War With China
May 21, 2024
Exploring the impact of Biden's new tariffs on Chinese electric cars and the wider implications on the global economy. The podcast discusses the protectionist strategy of the US and the importance of the energy transition in industries like automobiles and solar panels. It also delves into the rapid ascendancy of a Chinese car manufacturer in the global automotive landscape and China's strategic moves in the European electric vehicle market.
56:17
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Quick takeaways
- China's dominance in electric vehicles and solar panels poses a challenge to the US and EU markets.
- US and EU employ different strategies to address China's economic ascendancy in critical sectors.
Deep dives
China's Dominance in Electric Vehicles and Solar Panels
China has rapidly emerged as a dominant force in the global market for electric vehicles and solar panels. With Chinese companies like BYD becoming key players in electric vehicle production, Europe has become a primary market for these exports, outpacing the United States. The impact of China's surge in exporting electric vehicles to the EU is significant, prompting investigations into Chinese trade practices and subsidies. Meanwhile, the history of the European Union's struggles in dealing with Chinese competition in solar panels highlights the challenges faced in maintaining market competitiveness.
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