It's not rational, but the current tariffs are explicitly aimed at Chinese EVs and were created faster than they could hit the US market in any sizable quantity even using China's existing manufacturing infrastructure.
Policy in support of existing capital that is a heavy hitter politically can absolutely move faster than capital of new entrants.
And with both political parties explicitly being anti-chinese capital currently, it's not clear that a chinese factory would even be allowed to open domestically.
Policy in support of existing capital that is a heavy hitter politically can absolutely move faster than capital of new entrants.
And with both political parties explicitly being anti-chinese capital currently, it's not clear that a chinese factory would even be allowed to open domestically.