US should block cheap Chinese auto imports from Mexico, US makers say
US should block cheap Chinese auto imports from Mexico, US makers say
The U.S. government should block the import of low-cost Chinese autos and parts from Mexico, a U.S. manufacturing advocacy group said on Friday, warning they could threaten the viability of American car companies.
American EV manufacturers are consistently cutting their production citing waning demand. This is obviously false since the US is blocking cheap imports, car makers have everything to gain by limiting supply and keeping prices high.
Chuckles, "Yep, only American manufacturers should be allowed to cheaply build cars in Mexico and export them to the US."
The issue is they're wanting to sell $30,000 cars for $15,000 (with the rest paid for by the Chinese government) which sounds great as a consumer until all the other manufacturers exit the market due to the impossibility of competing with those subsidies. Once they eliminate the competition, they'll start selling these $30,000 cars for $50,000+ because "fuck you who else are you going to buy from?" That's not to say the current crop of manufacturers aren't fucking us over too but this isn't how you eliminate that problem. You're just trading one bully who steals your lunch money for another.
Oh come on. The US has super conservative and protectionist policies.
The fact is that both CATL and BYD have the upper edge in battery technology. And that a lot of Chinese car manufacturers have very good and competitive products.
European car brands are really struggling to transition to the future and still can't figure out their software and technology. They are run by old guys who are still trying to save the ICEs as this technology is a gatekeeper of their businesses.
You think giving away ChatGPT for free isn’t distorting a market ?
So much for free markets. Everything the US was trying to push onto others it is now fighting itself. I love the hypocrisy.