It was already almost impossible to buy a Byd in the United States, but now things become somewhat uncontrollable.
After a rapid climbing in the trade war between the United States and China in recent days, anyone who tried to import a Chinese electric car in the United States faces a price rate of 247.5%-so don’t expect to see Tesla Rivals byd or Xiaomi cars on the road to soon.
A spokesperson for the United States International Trade Commission confirmed the total tax rate on Business Insider on Thursday.
This includes 145% tariffs on Chinese products announced by Donald Trump in recent days and 100% levy from Chinese electric cars implemented by Joe Biden last year, plus a 2.5% rights rate on all electric vehicles purchased in the United States to make a good measure.
The enormous number is a sign of the way in which the trade war between the two largest economies in the world has increased at almost ridiculous levels. Friday, China retaliated against the last American rates with its own 125% price on American products.
It also shows how successive American administrations have gone to prevent a wave ofhigh -tech Chinese electric vehicles damage American shores.
According to Classic Import CFR Classic, the cost of importing a China car into the United States begins from $ 2,749. This means that anyone who tries to import a Chinese electric vehicle would be facing additional shipping costs of at least $ 6,800.
This is not far from the cost of the $ 7,800 Seagull, the cheapest electric car in BYD – and thanks to a multitude of additional regulations and restrictions, it is unlikely that anyone who is able to legally drive one on American roads even if they could afford shipping costs.
Chinese electric vehicles represent an existential threat
Having once rejected Chinese car manufacturers, the American automotive industry has now decided byd and its possible colleagues represent an existential threat.
Elon Musk warned last year that Chinese electric vehicle companies “would demolish” their Western rivals without commercial barriers. At the same time, the CEO of Ford Jim Farley was so impressed by the SU7 electric sedan of Xiaomi that he stole a from Shanghai in Chicago.
The 250% commercial barrier protects Tesla, Ford and other car manufacturers to have to compete with Byd and Xiaomi in the United States, but it does not do much to protect them elsewhere.
Elon Musk warned last year that Chinese car manufacturers could “demolish” their Western rivals. SOMODEVILLA / GETTY Images chip
Not content with crushing western car manufacturers at home, manufacturers of Chinese electric vehicles are now developing quickly in developing markets such as Brazil and Southeast Asia.
They also build factories and enter new markets in Europe, which would plan to withdraw its own prices from Chinese electric cars after being trained in the Trump trade war.
The Americans, who, in surveys, have always cited a lack of improperness and choice, because the main obstacles to the purchase of an EV, begin to take note.
YouTuber Ishowspeed, the real name Darren Watkins Jr., showed some of Byd’s most catchy cars to his 38.6 million subscribers during a recent visit to China.
In a live flow with around 8 million views on YouTube, the streamer led the Yangwang U8 SUV by byd, which can float on the water for 30 minutes, and the U9, an electric supercar of $ 233,000 with a remote-controlled suspension which allows it to “dance” and jump over the obstacles.
When he tried to buy the U9 to bring back to the United States, however, the influencer was informed that it was not possible.
For many American pilots who want to see the seagull or the SU7 in action, high prices mean that YouTube is their only option. Or they can simply cross the border to Mexico, where Chinese electric vehicles quickly become a common spectacle on local roads.
businessinsider
