Tariffs, taxes on imported goods, aim to shield domestic industries, but can escalate trade tensions. While protecting local businesses, tariffs raise consumer prices and limit choice. Additionally, they may incite retaliation, sparking trade conflicts detrimental to global economies. Though beneficial to some industries, tariffs pose risks to consumers and businesses, illustrating the delicate balance between protectionism and international trade. Yet in the global EV mandate, a seperate rule applies to China as they lead the competition by miles.

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