The EU is planning to impose new tariffs on Chinese EVs starting in July
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How’s it inventory stacking up over there? In the US they’re sitting on a lot of cars
here as well
Good thing the price is going up, lest they accidentally improve sales.
Oh no! Anyway…
Upping the price, because the chinese ones got artificial more expensive by taxes? Lol.
That’s what usually happens with tarrifs. Unless there’s a ton of other competition, domestic producers just increase their prices by the same amount.