US vs China on Cars
This isn’t the first shot across the bow when it comes to the US vs China in the business world, especially when it comes to cars. Whether it be to curb national security concerns or favor US manufacturers on the road, the Biden administration has made more than a few moves to hamper China’s efforts.
The US has raised tariffs on electric cars and electric car batteries from China, making it difficult to sell them in the US for a reasonable price. Officials have even banned Chinese-made cargo cranes from importation, setting a clear example that US doesn’t want China operating businesses in the country.
Suffice to say, the tensions between the US aren’t likely to abate any time soon, and the US will do what it can to slow China down. But with the country outpacing the US in AI and electric cars, it’s safe to say these bans are just the beginning.
