Tariffs on China could harm the U.S. economy and reduce electric vehicle competitiveness.

Experts warn that high U.S. tariffs on China could backfire, harming the U.S. economy in the long run. Sourabh Gupta from the Institute for China-America Studies argues these tariffs isolate the U.S. and hinder its electric vehicle competitiveness by blocking out Chinese competition. Chris Pereira, CEO of iMpact, notes that the tariffs contradict market principles and negatively affect U.S. consumers while weakening supply chains.

September 23, 2024
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