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Trade war between China and US over EV

The saga of the looming trade wars between some of the planet’s largest markets continues as a tariff on Chinese-built EVs is about to go into effect in the US. This brouhaha essentially started in the EU a couple of years ago, when Chinese EV automakers like BYD, NIO, XPeng, and ZEEKR began importing their models into the region, which ruffled the feathers of several local legacy automakers – many of which are currently delivering inferior EV technology. Four months after the Biden Administration announced plans for the Office of the United States Trade Representative to quadruple tariffs on certain Chinese imports, China has threatened retaliation as the trade war continues to intensify. Will the trade wars reshape America dominance ?

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