Currently there is no description available for Brad Setser.
“Tariffs are currently 7.5 percent on electric vehicle battery packs but 25 percent on the components of those packs. The lower rate should be raised. China had long steered its subsidies to companies that manufacture and source their products in China - and sometimes had required those companies to be Chinese-owned. In order to build up industrial sectors where China has a first-mover advantage and now a cost advantage you need to have an insulated market - and to use some of the tools that China has already used.”
18 Apr 2024
4
2
Read More