Beijing has imposed tariffs on agricultural exports from the West in retaliation against electric vehicle tariffs on Chinese electric vehicle exports. Canada, the European Union, and the U.S. now face billions in agricultural tariffs after they restricted Chinese automakers from exporting mid to low cost EVs into their markets. According to Chinese officials, the farm tariffs will remain until Western nations remove vehicle import duties imposed on China.
As these vehicle policies remain in place, Western automakers like Rivian Automotive Inc. (NASDAQ: RIVN) have a window to ramp up…
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