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"
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?
Our "effective investments" vs their "massive subsidies"
Effective investment: 7 charging stations for 7.5 billion USD
China is not playing by the rules. You can tell because their shit actually works.
Chinese charging networks exist because they're important infrastructure.
What little American charging networks exist (but often don't work) are their through minor regulatory punishment.
its fucked up when someone else does it, just another Tuesday when I do it.
do the rules say it's ok to subsidize the hell out of corn?
Hold on let me find the rulebook real quick
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?