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

0
934

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

Search
Categories
Read More
Other
Global Janitorial Service Market Trends and Growth Outlook (2025)
Janitorial Service Market Forecasted to Reach USD 412.76 Billion by 2033, Driven by Growing...
By pooja2 2025-01-21 11:18:04 0 2K
Other
Where Can You Enroll in the Top Pharmacovigilance Courses in 2025?
Pharmacovigilance has emerged as an important field in the pharmaceutical and healthcare...
By josephvijay 2025-04-02 11:31:44 0 874
News
The Houthi rebels' leader threatened earlier that a US strike would only make the group launch fiercer attacks in the Red Sea
The Houthis' leader said on Thursday they would attack again in the Red Sea if struck by the...
By Ikeji 2024-01-14 05:33:00 0 3K
Other
Arab leaders seek China’s support to force Gaza ceasefire
Arab and Muslim leaders are turning to China to try and increase pressure on the U.S. and Israel...
By Ikeji 2023-11-20 13:31:19 0 3K
News
Chinese migrants now the fastest-growing group trying to cross into the U.S.
After China's prolonged and strict COVID lockdown destroyed her business, a woman decided to...
By Ikeji 2024-02-05 04:59:35 0 2K