[nopinsight]

> The list includes soybeans, electric vehicles, a range of hybrid electric vehicles, a variety of seafood and pork, according to the Ministry of Commerce.

Tariff on electric vehicles also serves China’s strategic interest in becoming the world leader in the industry. It allows their domestic manufacturers and ecosystem to achieve even stronger economy of scale and to move up the learning curve faster. (Domestic competition is already intense so complacency is unlikely.)

I suspect they had wanted to do this and the event provides a perfect excuse for it.

It is possible we will see Shenzhen-style hub for electronic components where it is the cheapest and fastest place globally to manufacture many electronics but now for electric vehicles, again in China.