Commandité

Greed is Good-Tariffs? Chinese vehicles are already being sold in the U.S.

0
1KB

The greed is good that destroyed Taiwan economic power also got America and European heavy weights now crying. Like it or not, China can make anything for the world consumers.

In May 2024, the Biden administration imposed a 100% tariff on Chinese electric vehicles imported to the United States. Yet, surprisingly, Chinese-made vehicles have been sold here for a decade, just not under Chinese brands.

To be fair, the numbers remain small. According to Automotive News, nameplates built in China and sold in the U.S. accounted for just 74,007 units in 2024, less than 0.5% of the 15.85 million vehicles sold last year.

Still, the camel’s nose is under the tent, and ironically, American automakers, who have the most to lose, helped open the door.

Volvo EX30 Cross CountryVolvo
Volvo EX30 Cross CountryVolvo

Why it’s a concern

Chinese automakers benefit from heavy government subsidies, low wages, and, in some cases, reported forced labor, which give them cost advantages other manufacturers can’t match. China's intellectual property laws are also lax, with little enforcement or respect for foreign patents.

Furthermore, any automaker looking to build cars in China must partner with a local company, essentially sharing their manufacturing expertise. It’s no mystery why China’s automotive sector has improved so rapidly.

Simply put, American and European automakers helped build the Chinese manufacturing juggernaut that now threatens their own survival.

2017 Buick EnvisionBuick
2017 Buick EnvisionBuick

American automakers’ Chinese cars

Despite these concerns, U.S. automakers have been manufacturing vehicles like the ones below in China and selling them stateside for years.

  • Buick Envision – 47,340 units sold in 2024

  • Cadillac CT6 Plug-in Hybrid (2017-2018)

  • Lincoln Nautilus – 15,531 units sold in 2024

Polestar 2Polestar
Polestar 2Polestar

Made in Sweden? Not quite.

Volvo and its EV spin-off, Polestar, may have Swedish roots, but they’re both owned by Zhejiang Geely Holding Group, a Chinese company based in Hangzhou.

  • Volvo S60 Inscription – The first Chinese-made vehicle sold in the U.S. (2015).

  • Volvo S90 – Built in Daqing, China.

  • Volvo XC30 – Built in Zhangjiakou, China.

  • Polestar 2 – Entirely sourced from China.

Despite Geely selling 11,136 vehicles in the U.S. last year, Volvo avoided tariffs thanks to its manufacturing facility in Ridgeville, South Carolina.

Final thoughts

Western automakers are now scrambling to combat the rise of Chinese manufacturers. Yet the very threat they fear is one they helped create, as China’s rapid automotive rise was fueled by American and European partnerships.

Now, as Chinese automakers become global contenders, their newfound manufacturing dominance is coming full circle.

AfriPrime App link:  FREE to download...

https://www.amazon.com/Africircle-AfriPrime/dp/B0D2M3F2JT

Commandité
Rechercher
Commandité
Catégories
Lire la suite
Non classé
Why the F-35 Might Be the Best Fighter Jet Ever
It is safe to say that many experts now believe that the American-made F-35 Joint Strike...
Par Ikeji 2024-01-21 11:11:14 0 2KB
Autre
UK Oilfield Chemicals Market Latest Research Report Of Covid-19 Impact Study By Syndicate Research (2024-2032)
The UK oilfield chemicals market stands as a critical pillar within the global oil and gas...
Par shubhamautade 2024-08-14 06:40:40 0 2KB
Party
How to Choose the Perfect Women's Activewear for Every Workout
Before diving into styles and colors, the first step in choosing the perfect women’s...
Par jamesharry.9812 2025-04-16 14:21:42 0 1KB
Technology
Mobile User Authentication Market Size and Outlook: 2024-2032
Mobile User Authentication Market: An In-Depth Analysis The Mobile User Authentication...
Par Newstech 2025-01-16 05:08:33 0 1KB
Networking
How Thoughtful Commercial Interior Design Boosts Productivity and Brand Identity
In today’s fast-paced business world, creating an environment...
Par alan110 2024-11-18 10:37:29 0 2KB
Commandité
google-site-verification: google037b30823fc02426.html