Harris and Trump Aligned on Tariffs to Counter China’s EV Market Dominance
China’s potential dominance in the global EV market has prompted bipartisan support for tariffs to protect U.S. automakers. Doug McIntyre and David Callaway discuss how both the Biden Administration and Trump recognize that the low-cost, high-quality EVs produced by Chinese companies pose a significant threat to American manufacturers like Ford and GM. Currently, a 100% tariff on Chinese EVs shields the U.S. market, and both candidates seem likely to maintain or even increase this protectionist measure. Trump could potentially raise tariffs further, while Harris would uphold the existing tariffs, reflecting the alignment between the parties on this issue. Concerns over China’s clean energy products are shared by Canada and the EU, as both regions move to implement similar trade barriers. As competition in clean energy technology intensifies, tariffs appear to be a rare point of agreement in U.S. climate and trade policy across the political spectrum.
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