geneva_convenience@lemmy.ml to Technology@lemmy.ml · 2 years agoEU to Impose Tariffs Up to 45% on Chinese Electric Vehicleswww.bloomberg.comexternal-linkmessage-square85fedilinkarrow-up1157
arrow-up1157external-linkEU to Impose Tariffs Up to 45% on Chinese Electric Vehicleswww.bloomberg.comgeneva_convenience@lemmy.ml to Technology@lemmy.ml · 2 years agomessage-square85fedilink
minus-square☆ Yσɠƚԋσʂ ☆@lemmy.mllinkfedilinkarrow-up5·2 years agoDumping is when you sell things below cost to drive competition out and then jack up the price once you achieve a monopoly. What’s happening here is that China simply produces things much cheaper than the Europeans. It’s not limited to EVs.
Dumping is when you sell things below cost to drive competition out and then jack up the price once you achieve a monopoly. What’s happening here is that China simply produces things much cheaper than the Europeans. It’s not limited to EVs.