Dear my respected senior, @valued-customer !
Currently, automobile companies around the world are facing a crisis due to the increase in Chinese-made electric vehicles.
East Asian automakers are also currently facing a crisis due to Chinese cars. So, many East Asians speculate that Trump will try to reduce the production of Chinese electric cars by reducing subsidies for electric cars.
Thank you for kind reply!😃
The USA doesn't subsidize production of electric cars in China. If Trump seeks to reduce production of Chinese cars, his only means of doing so will be to further reduce sales of Chinese made cars in the USA, and as far as I know there are no Chinese made electric cars sold in America now. Given Trump's campaign rhetoric regarding taxes, in which he hinted at eliminating income taxes and making tariffs the sole vector for taxes funding the US government, I suspect any action from Trump to oppose Chinese production of electric cars will take the form of tariffs.
Thanks!
Dear @valued-customer !
Many East Asians believe that Tesla, owned by Musk, provides China with the technology and capital to produce electric vehicles.
I agree with your assertion that Trump will impose tariffs on Chinese electric cars.
Thank you for kind answer!