The United States elections leave this scenario for tariffs on Chinese cars, compared to Europe’s position

The result of the North American elections was recently known, in which Donald Trump was elected president of the United States. This leaves a scenario of measures promised by the magnate, who previously led the country, among which are those related to vehicles arriving from abroad.

That means that it is not a specific war against China and their cars, although it is really the ones they want to do the most ‘damage’ to in North Americasince the still current Government of Joe Biden approved some new 100% rates for Chinese electric cars, four times what they were paying in import duties just a few months ago.

Wants to protect local manufacturers

There they have not wanted to understand ‘differences’, such as in the case of Europewhere Tesla pays 7.8% more than before (added to the usual 10%) to sell cars manufactured in China on our continent, while the increase for SAIC group brands (such as MG) is 35.3% extraand in the middle of both manufacturers are BYD (17%), Geely (18.8%) and Chery (20.7%), the latter rate being the most applied among the rest of the firms.

With donald trump in charge, harsher measures could be expected, since the Republican leader has always promised to be more protectionist with the country and its local manufacturers.

The proposal during the candidacy of the Republican leader, now elected president, is to impose 10% tariffs on all foreign products who want to market themselves in the country, and maintain the 100% to imported vehicleswhether Chinese or from any other territory.

Furthermore, Trump has always been very critical of Mexico, where Chinese manufacturers have projects to manufacture cars there, and thus avoid North American tariffs. But regarding this maneuver, the Republican assured that Mexico “is not going to sell a single car in the United States”. Some words with which he condemned his position when he had not yet been elected president.

This being the case, and while we wait for Donald Trump to take over the White House, it is not difficult to think that it could mean a setback in the country for the transition towards 100% electric mobility, since the already chosen new president has always shown against the taxation of these vehicles.

Tesla is already winning under Trump

All despite the support of Elon Muskthe CEO of teslawho has supported Trump’s candidacy and will end up taking advantage of all this. But it will do so because it is a North American brand, since Donald’s position towards the electric car remains the same.

It remains to be seen what effects this decision by the United States has on the rest of the world and the more or less aggressive maneuvers that Trump may carry out when he can sit down in his new job. A scenario that could make investors back out or wait to find out the definitive measures that are applied.

At the moment, Tesla has already increased the stock market value of his actions on the Frankfurt Stock Exchange, and it is expected to do the same on the New York Stock Exchange, according to Wall Street experts.