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Protectionism (Trade)

Chinese drivers are buying affordable electric vehicles loaded with new technology, a trend that is redefining high-end vehicles and hurting German automakers.

From electric cars to solar panels, Mr. Musk has built businesses in high-tech manufacturing sectors now targeted by Beijing for Chinese dominance.

The American automaker said the cost-cutting measure would help it compete with Chinese rivals in the face of slowing demand for electric vehicles.

The European Union is expected to support wielding tariffs on electric vehicles made in China, seeking to prevent unfair competition.

The president wants to shift America’s car fleet toward electric vehicles, but not at the expense of American jobs or national security.

German
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