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EU to Impose Tariffs Up to 45% on Chinese Electric Vehicles (www.bloomberg.com)

submitted 2 months ago by [email protected] to c/[email protected]

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[–] [email protected] -1 points 2 months ago* (last edited 2 months ago) (1 children)

https://en.wikipedia.org/wiki/Dumping_(pricing_policy) (it's not limited to EVs)

[–] [email protected] 4 points 2 months ago

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.