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Not a fan of electric vehicles: Trump returns to harm Chinese EV makers, expect ‘rough seas’
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Not a fan of electric vehicles: Trump returns to harm Chinese EV makers, expect ‘rough seas’

Donald Trump’s return to the White House risks complicating prospects for the Chinese electric vehicle (EV) manufacturers who are looking to enter the US market after being hit by new tariffs from the Joe Biden administration.

The president-elect has promised to raise tariffs on imports from “countries that have been ripping us off for years” to protect U.S. automakers. He also pledged to repeal Biden’s policies aimed at driving adoption of electric vehicles on his first day in office, saying electric vehicles “don’t work.”

“There is one issue that most Democrats and Republicans agree on, and that is that (the United States) should not let China dominate electric vehicles or any other sector,” said Robert McNally, founder and president of the consulting firm Rapidan Energy Group in Washington. “This is something that has broad bipartisan agreement, and I think that will be reflected in even more intense policies” after Trump takes office, he added.

McNally was special assistant to the president during the National Economic Council during George W. Bush’s first term in the White House.

02:11

Trump promises high tariffs on Chinese-made cars in first speech after assassination attempt

Trump promises high tariffs on Chinese-made cars in first speech after assassination attempt

Chinese electric vehicle makers bore the brunt of Biden’s policies when he increased the tariff rate from 25% to 100% in August. The United States has accused China of flooding its auto markets with state-subsidized electric vehicles, part of a push to hit $18 billion in Chinese exports, including semiconductor chips.