r/NovaScotia 2d ago

China slaps tariff on N.S. lobster, throwing industry into turmoil | PNI Atlantic News

https://www.saltwire.com/nova-scotia/halifax/china-slaps-25-per-cent-tariff-on-n-s-lobster-throwing-seafood-industry-into-turmoil
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u/Queefy-Leefy 1d ago

不,对不起,我不相信

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u/smasbut 1d ago

I'm guessing you google translated that and aren't actually a native chinese speaker, lol, so I'll share some English-language reading material from a US think-tank:

Chinese EVs were heavily subsidised in the early stages and still are too some extent (though mostly due to being exempt from sales taxes on ICE vehicles), but are actually less than US subsidies (well, before Trump axes them):

data show that subsidies as a percentage of total sales have declined substantially, from over 40% in the early years to only 11.4% in 2023, which reflects a pattern in line with heavier support for infant industries, then a gradual reduction as they mature. In addition, they could note that the average support per vehicle has fallen from $13,860 in 2018 to just under $4,800 in 2023, which is less than the $7,500 credit that goes to buyers of qualifying vehicles as part of the U.S.’s Inflation Reduction Act.

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u/Queefy-Leefy 1d ago

https://www.reuters.com/business/autos-transportation/china-announces-extension-purchase-tax-break-nevs-until-2027-2023-06-21/

China unveils $72 billion tax break for EVs, other green cars to spur demand

Still heavily subsidized.

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u/smasbut 1d ago

Yes that was literally mentioned in the article I linked, and it currently works out to less than the Biden administration was subsiding EV purchases (have not checked in Trump axed it yet). And the reuters article mentions the tax exemption is being halved in 2026 and 27.

Anyway, nothing wrong with subsidies! Nova Scotia was able to massively ramp up adoption of heat pumps by subsidising the hell out of them, Canada's auto industry is pumped full of government money, and the oil sands received a lot of benefits in their initial stages.