geneva_convenience@lemmy.ml to Technology@lemmy.ml · 3 months agoEU to Impose Tariffs Up to 45% on Chinese Electric Vehicleswww.bloomberg.comexternal-linkmessage-square90fedilinkarrow-up1155arrow-down13
arrow-up1152arrow-down1external-linkEU to Impose Tariffs Up to 45% on Chinese Electric Vehicleswww.bloomberg.comgeneva_convenience@lemmy.ml to Technology@lemmy.ml · 3 months agomessage-square90fedilink
minus-square☆ Yσɠƚԋσʂ ☆@lemmy.mllinkfedilinkarrow-up5arrow-down3·3 months 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.