Dumping

China is up to its old tricks but this time on steroids. They have a glut of manufactured items that they are trying to dump on the world market but countries are following the US and placing high tariffs on imports from China. In September 2024 the Biden administration increased tariffs on Chinese EV’s to 100% and this ended any EV’s coming from China. Europe is finally waking up and is now increasing tariffs on Chinese EV’s but they are not high enough yet to make the Chinese cars as expensive as European EV's produced in Europe. The current tariff on Chinese imported EV’s is 50% but that is not high enough to level the playing field because sales of Chinese EV’s account for 42% of all EV’s sold in Europe. China is using the same dumping process on many other products.