Election season is hotting up in the US and this isn’t just down to the salacious testimonies in Donald Trump’s court cases. Both political parties are vying to be toughest on China, as the Biden administration announced 100 per cent tariffs on Chinese electric vehicles (EVs) while Trump has pledged to go even further.
This new green protectionism has worldwide ramifications: China’s whole economic model is predicated on being able to dump cheap goods and, when it comes to high-spec technologies that require developed infrastructure, there are only a few markets for them. Essentially that boils down to the US, Japan, parts of Southeast Asia, Australasia and Europe.