That’s a good thing imo. We do this so we can build up an industry for these things at home. That’s an important long term goal, too.
If the last years have shown us anything it’s that being solely dependent on another state for certain critical stuff is a bad idea.
And I’d say this is especially true for China.
And to celebrate that fact, Europe is joining the US in imposing massive tariffs on China's electric vehicles and solar cells. Yay.
That’s a good thing imo. We do this so we can build up an industry for these things at home. That’s an important long term goal, too. If the last years have shown us anything it’s that being solely dependent on another state for certain critical stuff is a bad idea. And I’d say this is especially true for China.
Edit: btw German talking here, not American.
Do you want to know how many cars in China are from European car manufacturers?
Rebalancing trade is not some big bogeyman.
I don’t understand what argument you are trying to make. Can you elaborate? You mean we shouldn’t do it because there might be a counterreaction?