President Biden is expected to quadruple tariffs on electric vehicles from China in an announcement Tuesday, according to a source familiar with the decision.
The difference is that Chinese business is beholden to, and directly finances, the Chinese government. The US is currently trying to divert direct funding away from their enterprises for this reason.
The taxes are far more substantial, and in turn, as are their industry dictating subsidies. There is no limit to the influence or oversight of the private sector by the Chinese government, allowing them to implement data collection system mandates.
China also follows the principle of territoriality in IP protection, meaning they do not respect the IP of nations outside of the nation in which it was created. It’s the fundamental reason why there are thousands of cheaply made knock offs of most products.
The difference is that Chinese business is beholden to, and directly finances, the Chinese government. The US is currently trying to divert direct funding away from their enterprises for this reason.
Chinese businesses pay taxes?! Say it aint so!
The taxes are far more substantial, and in turn, as are their industry dictating subsidies. There is no limit to the influence or oversight of the private sector by the Chinese government, allowing them to implement data collection system mandates.
China also follows the principle of territoriality in IP protection, meaning they do not respect the IP of nations outside of the nation in which it was created. It’s the fundamental reason why there are thousands of cheaply made knock offs of most products.