The U.S. push to challenge China’s dominance in the production and sale of electric vehicles has at least one weak link: Most of the raw materials needed to make the batteries are dug elsewhere.
The tariff cross-fire has been seized as an opportunity by President Tsai Ing-wen, whose government last year started an “Invest Taiwan” campaign to lure companies away from China.
An independent government report on President Trump’s new North American trade deal estimates it will lead to higher car prices for U.S. consumers and a decline in auto sales.