US Senators tell Joe Biden to ban Chinese EVs or risk millions of jobs
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- เผยแพร่เมื่อ 12 เม.ย. 2024
- US Senators tell Joe Biden to ban Chinese EVs or risk millions of jobs
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The U.S companies that can't compete, can't do so for a reason.
Ford and GM give billions in campaign contributions as does their unions…
Ford and GM are toast.
If it is about jobs, just let China EV companies open factory in US, problem solved. Obviously it is not about jobs.
It all about 1% Capitalism who control USA Congress 😂
Well, China would ban US cars in return. That should be accounted for in such decisions. For example, the Tesla Model Y is currently the best-selling EV in China.
I think legacy American auto needs to pull themselves up and get the EV job done. People have for years predicted that China would come here and dominate.
I remember in Tesla's early days, lots of people were predicting a crushing defeat once "companies that know how to make cars" got involved.
@@buixote How wrong they were
@@buixote They know how to make cars the olde way, and not EVs. Tesla gets carbon credits, and has no advertising, dealers, or unions. And they scarfed up the best minds who wanted to design the future of cars.
Tesla did it and is the #1 car manufacturer today ⚡️🇺🇸
Tesla + byd = Netflix
Legacy auto = Blockbuster
Unions will block it. They don't want to build EVs.
Anything we cant compete on is a national security threat
Since when were Chinese cars being imported into the USA?
Go down to your Volvo dealer.
All Volvo EVs, Polestar, some Buick models, Kandi, BYD trucks, and busses, etcetera.
LOL
US are also subsidising EVs with the IRA on a similar scale, so this move would be hypocritical. It would harm US manufacturers in China and it would reduce competition. Most importantly, the transition to sustainable energy would be slowed and that has an economic cost too. When governments want to subsidise the transition we should welcome it, no matter which countries they are. Without competition from China, Ford and GM will continue to delay their production of EVs and Tesla will be less motivated to produce their $25k car.
If Uncle Sam puts $7500 on the hood of a $25K car, watch how fast they sell.
So now that "free trade" is no longer benefitting US Oligarchs, we need a 180?
Correct.
your meth has you confused.
Businesses never like competition. Free trade mainly benefits consumers. But consumers do not have lobbyists.
Autoworkers don't like it either. @@mnhsty
I wouldn't consider China free trade. The businesses without state funding aren't stable. That said, Jeff bezos learned from them. If you don't make profit you can crush the competition. China took it one step further, asked itself. How do you crush Jeff bezos if he's not making any money. You lose money with each sale. Make the taxpayer pay for it. Its something elon musk can talk a lot about.
7:40 You are completly wrong on Chinese subsidies not going to Tesla. Tesla receives the same NEV subsidies as anyone else in China. Tesla also received the same COVID aid during the shutdowns as Chinese companies, which makes up a large portion of reason behind the actual aid in the Geman report (which most people fail to mention). Tesla also received subsidized financing and aid to build the plant. But Tesla also got a subsidized 15% corporate income tax rate from Shanghai Prefecture from 2019-2023. That is 10% less than the 25% corporate income tax rate that is typical and paid by BYD. Tesla does not make as many NEV's in China. But their subsidies were actually somewhat higher per vehicle produced.
Tesla car prices got subsidies, but Tesla doesn't get any free money from China government. Chinese EV makers does.
True
China shoud ban tesla, why not ?
If USA bans Chinese EVs, China will ban USA EVs. Tesla stock would plummet and all Chinese EV stocks would go up. 1.4 billion Chinese out-consume 350 million Americans.
China is too clever. It will make sure Model 2 is made in Beijing at large gigafactory and sold worldwide earning China billions in exports
Tesla is crazy popular in China, much like Apple. There would be significant 'push back' from consumers, unless the reasoning is indisputable/convincing. /imo
If USA bans Chinese company EVs, China will ban USA company EVs.
Tesla stock would plummet. All Chinese EVs would go ⬆️
1.4 billion Chinese out-consume 350 billion Americans.
If USA bans Chinese company EVs, China will ban USA company EVs.
Tesla stock would plummet. All Chinese EVs would go up.
1.4 billion Chinese out-consume 350 billion Americans.
What Biden should do is allowing Chinese EVs to come into the US but only through joint venture partnerships with local US companies. This will help to expand the EV market faster and retain and possibly increase US manufacturing jobs. This strategy would allow US companies to actually profit from the expanding US EV market while having the Chinese government footing the bill on subsidy. Banning cost efficient EVs from China is hurting US EV adoption because it is letting the US auto companies off the hook on electrification.
There are many ICE car bans (e.g. California). It'll happen anyways.
Well China can ban every American and European car and their market is three times bigger than the US market. Make good EVs and they will sell.
US cars are irrelevant in China.
That would be very painful to the West. Plus China is increasingly dominating ASEAN so 750 million people will go buy Chinese branded vehicles within a few years, sales are rising massively there
The World is the Market. Not America.
LOL
Ten years ago you would never hear the word 'existential ' used now everything is an existential threat
Climate change is an existential threat. Nuclear war is an existential threat. Certainly asteroids and a couple of tropical diseases are existential threats. The sun will eventually kill us all. Apart from that, it’s hyperbole, but we should not dismiss actual existential threats.
I wonder what kind of Economics they teach nowadays in USA colleges? When I went to college in Texas, we were taught that neo-liberalism does not allow at all for protectionism.
You must not be well read.
They cheated on you, waste your time on compus.
Fair competition? As long as the USA is not the beneficiary, it does not apply.
Management and shareholder primacy is what poses an existential threat to the American automotive industry. American automakers are paralyzed because they do not think their investors have given them permission to do the right thing. Investors will lose it all unless they do. They will wait until it is too late.
If you cannot beat them, ban them.
The question therefore is, should China retaliate & ban US cars n EVs (eg GM, Ford, Chrysler, Tesla) in China 😅
they're losing marketshare anyway so it doesn't matter@@MegaTonyng
@@100c0c China EV has 0% market share in The US.
I was taking about steeply declining US automaker marketshare in the China.@@MegaTonyng
@@100c0c yes, foreign brands are collapsing in China. They will need to work w Chinese companies if they want to improve their chances on EVs
If the US bans Chinese EVs, why on earth should the rest of the world buy US EVs?
Chinese EVs will not sell well in US, EVs just a different market segment and with all the negativity regarding China will affect consumer sentiments. Why drive a BYD when u can drive a good old Ford/GMC/Chevy or RAM. Japanese or Korean brands are more acceptable.
The rest of the world does not trust in Chinese products. For some people, US banning Chinese EVs is confirming that Chinese EV sucks.
The rest of the world doesn't trust in Made in China.
For some people, US banning Chinese EVs is confirming them that Chinese EVs are bad.
@@johnhg_myaus I'm not an American but live in Sweden. GM destroyed Saab and Ford sold Volvo cars to Gely. I seldom see new American cars here in Sweden, but we have plenty of old American cars cruising our streets all summer.
What EV would you buy?
Not banning Chinese EVs, but to limit their import in US to allow US car companies to have a breathing room -- for a limited time before a dead line.
But I am afraid that those US car companies will continue sitting on their hands while depending on their lobbyists to keep extending the dead line. This is not the foreign companies are killing US economy; this is the lobbyists and the groups that they represent are killing US economy.
Given the US domestic political need, I think that there will be enormously heavy tariffs levied that will make the Chinese EVs uncompetitive, but I think that the US will stop short of an outright ban on Chinese EVs.
NAFTA won't allow it
@@larryc1616 I fear that the US will not allow itself to be constrained by "mere" trade agreements when the risk to US industry is so existential.
@@davidk6269 Mexico and Canada won't agree. Trade agreements with the US will become worthless.
I don't think it will matter, China will just sell to the rest of the world. I'm sure China would love to make profit selling to the US and getting them more dependent on EVs. But U.S. just banning them is not going to stop them from evolving and getting even better battery and better electronics, better technology in general.
In the future, China might have million mile batteries that are safe and cheap. safe AI driving, flying cars, etc. While America is still stuck with 'I love my gas' and fall further behind in technology.
4 billion to BYD is a drop in the bucket compared to the sunsidies to fossil fuel cars in general.
Americans buy about 15 million new cars/trucks in a year. Maybe an easier way to go would be to put quotas on cars from China eg 1 million in the first year, 2 million in the second year etc etc. If there is no competition then the US makers will lay back again.
NAFTA 🎉
@@larryc1616 what about nafta?
if china do the same to tesla and other US EV.... what then?
@@jetli740 If the US bans them completely will China ban Teslas completely? I think some trade is better than no trade.
Does China ban US car imports? Why not 😂
consumer ban them....they just dont buy the cars
@@metrotrujillo
Not exactly. Buick sells quite well there.
China should ban them if America bans Chinese cars as payback
@@kamsunleong6648 are those buiks made in china or made in the US imported to china?
@@metrotrujillo well, every company when they are looking for a new market, they always test by importing them first, buick did the same thing in china, they also imported their cars first.
Hell no!
Chicken tax, now chicken ban.
When Horses were replaced by cars. The government didn’t provide protection for horse carriages, stage coach’s Wagons, horse shoe companies, Saddle makers, etc
If they’re selling them at above the price of American made, then let come. If they’re made in Mexico why not? If they’re not being dumped on the market if they’re importing American goods no problem.
USA politicians playing checkers while China playing chess
Why would letting China destroy your car companies be a chess move?
like rigging the USA elections to get senile Joe elected, that kind of no-rules "chess". It sounds so "intellectually superior" but it is a horrible reality that teoengchin has to live every day
Should the jobs of a few tens of thousands of overpaid workers outweigh the interests of a hundred million car buyers? With the money saved on Chinese cars, we could pay the auto workers to stay home.
You think like a shortsighted CEO. It's critical to have the industrial knowledge of car manufacturing in the country. There are also defense related strategic uses for the industry.
Unfortunately, the consumer pays. Either more expensive cars from China, or substandard cars from legacy OEMs.....Tesla will benefit hopefully.
long run US consumer is worse off. tesla have no real competition their price will alway be high.
perfect example is why your huge TV cost so little, just imagine if only 1 company sell them
What about capitalism?
If Chinese want to be part of the US capitalism they must invest and produce cars in China.
The workers are still being exploited. Never worry! That part is baked in. It is just Chinese workers.
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This is precisely why we have EV incentives, because the government wants to keep it’s income HERE. Because they collect taxes on all the good people that make EVs. People in general are practical and they purchase vehicles that make sense at reasonable prices. Some Chinese vehicles are great vehicles and they are sold at a loss to gain market share. If China wants to sell cars here then they should make them HERE.
Just my opinion
Thanks Electric Viking ⚡️⚡️⚡️⚡️⚡️👍⚡️
I think a tariff is the correct way to do this. Even if it's 100% like India does with cars allows those willing to pay to get what they want. China gave money to all kinds of businesses to get them started and we didn't ban those products. If we discover north Korea helps their auto industry are we going to ban those cars too? Also, why don't we give more incentive to make more car parts in the US. Just because the vehicle has a familiar brand doesn't mean it's made in the US. Tesla is mostly US content but the other brands import a large percentage of the car.
If you Can’t beat them, join them! Ford Gm etc should start to re think their position in the automotive industry and perhaps produce them in the US under license
Without Chinese made vehicles in America and Canada, there will likely never be an affordable EV for Fixed and Low Income people.
Unfortunately this whole banning Chinese EVs thing has nothing to do with EVs. This is about decoupling from China and specifically for preventing China from progressing in advanced technology. Therefore, US have trade war with China in aerospace, semiconductor, solar energy, wind power, and now EVs -- everything and anything. Unfortunately this won't work because China can always trade with the rest of the world, and they do, and the market for developing countries is a growing market.
I am afraid that this kind of restriction on trade with China may end up restricting US themselves; all those restriction to keep US market only for US companies may lead US companies to become uncompetitive. That's why totally banning Chinese EVs may end up hurting US. US need to introduce Chinese EVs (at least some) into the car market to inject competitive into the market.
2023 chna smartphone market leader: Apple
2023 chna fastfood leader : kfc, mcd
2023 chna sneaker leader : nike
2023 chna apparel leader : nike
Many more
Really why hatred of amrca politics on chna. Why not grow together in peace.
China wants to replace all foreign brands slowly. It's best to not drag on the fake peace.
I think Biden show tell Gm Ford and Chrysler and Toyota if you don't start bringing a low cost Ev to the market I'll let the Chinese in. Let's see what the oems do then.
It’s a catch 22 for us. It would trigger real competition and a faster transition to EVs if the Chinese were allowed here. Because our manufacturers are dragging their feet. But then the trade off is knowing that we’re driving a computer on wheels that could possibly be monitored by the CCP. Regardless of how you feel about, Chinese laws makes every Chinese company beholden to the CCP.
Then there is the fact that the CCP is specifically bankrolling their EVs sector to take over international markets.
People are arguing that the IRA does the same thing, well, not true because unlike the CCP plans to take over international markets through extremely cheap EVs, the IRA isn’t designed to help American manufacturers take over international markets. Rather, it’s to incentivize them to boost production domestically.
Millions of jobs that makes over priced, low quality evs , nobody buys..
Example of tax breaks and subsidies to companies.
Rivian, lucid, gm, ford.
I rest my case
No on banning. Have Chinese get 50% partnerships to teach F and GM how to build a decent car.
The question is What can Ford n GM have to offer to the Chinese....?
US market? Otherwise, why would China care about tarrifs. @@Ahda108
Didn't US and European car manufacturers go to China with their plants and machinery because of the cheap labour and teach them how to build cars. Well guess the students (Chinese) are now building better cars than their teachers.
@@Ahda108 Market access...
@@davidmaxwaterman skip North America but saturated Europe, Asia and rest of the world with cheap n better EVs.
The US could open the door for Chinese investment, for Chinese car companies to build manufacturing plants. That will create jobs.
URSS of America
BEV Cars are Cheaper to Produce than ICE. BYD Seagull 10.000 Dollar. Wuling Bingo 10.000 Dollar. No ICE Car can Compete on Price with BEV Cars.
Cheaper when made in China. Made in other country may not.
I wonder what the WTO would think about Sherrod Brown's proposal for a total ban of auto from a foreign WTO member (China)? I suppose it would depend if the WTO agrees that China is low price-fixing to dump autos in foreign markets.🤔
America can repurpose all the car factories and workers to making munitions.
If they don't want cheap cars, let them pay more for them. That's their problem.
What they should do, is subsidise the domestic brands, if they feel that strongly about it.
There aren't enough cheap domestic cars. Yet.
The current high tariffs seem to be working so far. Outright bans are not necessary. I think that if Chinese auto manufacturers want to sell their vehicles in the U.S. and Canada, they should be required to assemble them in the U.S. and Canada. They would still have the advantage of manufacturing most of the parts in China. The would not have to ship their cars halfway around the world, and at least they would contribute to the local economies somewhat. They do not have U. S. wages or 40 hr. work weeks in China.
NAFTA includes Mexico 🇲🇽
As a matter of principle, banning Chinese imports to Europe and America is not the solution. Banning Chinese imports THAT RECEIVE GOVERNMENT SUBSIDIES to export should be the targeted solution.
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If GM is the world leader in EVs, why worry??
I thought they said electric cars were no threat and to be laughed at ?
If the USA was providing EVs, they wouldn't have this issue.
What Qing dynasty did 200 years ago.
Qing dynasty banned Opium from England???
The electrification of basically everything will be disruptive no doubt about that. Are government does not like to point out that the future will be disruptive. If you look around in the US the major employers are Cars and there spinoff support Industry's and Real Estate.
The so called service economy is a joke.
The little boy tries to hold back the tide with his skinny finger.
Easier said than done .China has allowed American and Europe car manufacturers to make their vehicles in China . So why not reciprocate the gesture . Why can’t China make its cars in Europe or Germany. It seems America wants competition on its own terms which is not really competition but an advantage . I’m not sure how this will all play out .
Out right banning is a bad idea. It only encourage less competitive behaviors. Instead of banning, US can limit the number of imports. With tariffs and high demands on limited Chinese EV, they will become less competitive for US auto makers to adjust and catch up. Geopolitically U.S. must ban EVs, else it will surpass U.S. in no time, provided hegemony still matters.
Luckily Chinese officials directed the country's largest telecom carriers earlier this year to phase out foreign chips that are key to their networks by 2027.
It is nice to see that the Chinese people are starting to understand that Western Europeans and US Americans are hostile - and therefore every interaction with these psychopaths should be avoided. It is more beneficial for Chiba to help other Asian countries, African countries, countries in South abd Central America, Mexico and in Slavic countries to emerge...so China and they benefit...and the USA as well as western Europe are losing more and more of the dictatorial power upon the world... because only a bit over 200 million white US Americans and under 200 million white western Europeans definitely won't dictate the over 7.6 billion other humans.
China cam sell EVs in Africa!
Why so much discussion about a market with 300 million consumers ?
A few weeks ago, the Chinese government announced all PCs and servers used in government departments will no longer use Intel or AMD microprocessors. 27% of Intel's sales come from China. This will have an impact on Intel's bottom line.
@@nsng1298 And ? Chinese don't need western technology. Perfect!
Maybe they don't need western market ?
@@plau2007You are right. Africa is rising and getting rid of being held down by western Europe as well as the USA. The USA and Western Europe try to keep the countries of Africa as welfare recipients.
But as a Croatian I am happy that China regards African countries as partners and competitors - this: as equals. The people on the African continent can do everything western Europeans and US Americans can do...only better.
I don't believe that the people on the African continent are our future. I know.
@@nsng1298Can't wait to use Chinese CPUs and GPUs in my gaming devices. Intel and AMD increased their processing power by horribly increasing energy consumption. In fact they reduced the efficiency immensely.
Instead of just blindly increasing processing power it is needed that the input energy that results in processing energy has to be increased...which means the wasted output energy decreases...and cooling systems (air, water) will have to become a matter of the past.
No need to ban Chinese EVs outright, but if the assertions of excessive Chinese government subsidies to their EV and battery companies are true, the US (and other governments) have every right to place a counter-import tax on them to level competition in the US.
Hmm, i seem to recall the US singing a different tune about protectionism 30 years ago
Have Chinese companies build the cars here.
Yes through NAFTA like everyone else
Don't ban them, just put an import tax
lol, i thought usa wanted to go green. go green only with expensive teslas?
Go Green? thats an excuse to slow the developing countries down while at the same time telling them to pollute more by outsourcing cheap polluted manufacturing to them. No oligarch really believes in green and woke.
Who said green had to be Chinese? USA will go green on its own terms. China has the rest of the world to sell to.
USA go green for a long time. USA prints huge of green dollars banknotes.
They talk green, but the dealers, UAW, oil companies hate them and the politicians are in their pockets.
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If we assume that China is off limits for legacy auto makers as you have been reporting, why would the US care?
He is running in a Red state. Against republican billionaire. We need more choices not less. New Yorkers get off $10,000. Cars. $7,500. State $2,500. Tax credit.
The case for free trade is compelling, but for one of the partners actively working to destroy the other through evil behavior, it makes no sense
Fentanyl, stolen American technology, cyber hacking, etc. China is not a friend. More than a competitor, they are an enemy.
Kathleen McCormick umm transferred $55bill from billionaire to manufacturer, isn’t that a subsidy?
I think China supported Tesla Shanghai so they could gain access to their mfg tech, etc. What will they do longer term? It depends on what the US does. If US bans Chinese EV’s, Tesla could pay the price. Elon should be careful about what he advocates for, he might pay the price.
This discussions are enough. If politicians will continue to talk about baning Chinese cars and tariffs, China will not sell any car in US.
Searches like "what percentage of Ford sales are outside the US" (and then replace "Ford" with "GM") suggest that Ford sells about 37% of it vehicles outside the US, and GM sells 64% of its vehicles outside the US. If the US implements bans/tariffs that manage to prevent any Chinese EVs from being sold in the US, but Chinese EVs continue to gain exponentially increasing sales outside the US, then Ford and GM will shrink to be a fraction of their current size. As such, I don't think "hinder Chinese EV sales in the USA" will be as effective as US politicians might want it to be. Some people will claim that the rising EV dominance was a surprise that nobody could have predicted and therefore legacy US auto makers have been unlucky through no fault of their own. However, anyone who has read the 1997 classic business book "The Innovator's Dilemma" (all about disruptive innovations) is likely to think otherwise.
I don't think there are any easy solutions to the problems facing legacy auto companies in the US. The US government dangling carrots in front of them for decades wasn't effective at getting those companies to start developing EVs in earnest. Perhaps it is time to switch from carrots to sticks as a form of motivation, and stop using "those pesky foreigners" as scapegoats.
@@CiaranMcHale Let's see how many Made in China cars will be sold in 2024 in France (no incentives to buy Made in China EVs) and Germany (no incentives for EVs).
For the moment in Germany the only Made in China EV in top 20 in 2024 is Model 3.
@@plau2007 I'm not claiming that Chinese EV sales will wipe out Ford and GM in just a single year, but rather that Chinese EV manufacturers are increasing their production and sales at a rapid rate, and are *trying very hard* to export EVs for sale outside of China (and an internet search for "chinese ev sales europe" suggests they currently account for 19.5% of EV sales in Europe). This is in contrast to legacy US auto manufacturers who have been ramping up EV production at a much slower rate. If this trend continues, and I suspect it will, then over the course of a few years I expect increasingly bad times for legacy US auto companies.
Bad for American consumers
Politics.
There is no need to ban Chinese EVs but restrict the numbers clearly like Europe by BYD,Maxus and MG and maybe a few others.
A semi-ban?
Get rid of unions, automate factories
No people just robots
China subsidisubsidizes these industries-add tariffs
US when they are losing the competition be like:
Morning mate
Russia currently banned American and European cars
Glorious Motherland ox carts are far better than capitalist Nazi junk!
Keep on topic It's not about Russia
Don't worry, Trump won't ban them... Just 100% TARIFF.
How From prison?
Its all silly and the government like to rule cheers mate
I love my gas😂
Not your wife though 🤮
What happened after Twitter and ban Donald Trump
Go and live in Asia. You can get everything your pocket can afford
China is subsidizing their cars. Even if we offset the funding, their cars are better. With protection, the legacy auto makers will not change. They are wasting resources pivoting to hybrids. If we continue this trend, I expect only Tesla and possibly Rivian to survive long term.
No, don’t ban them. Just levy about a fifty percent import tax on them. 👍🏻
According to Trump trade wars are easy to win. Despite increasing your tariffs on Chinese imports, China achieved a trade surplus of USD279 billion for 2023.
No tariff per NAFTA building in Mexico
why not 100% or a 1000% it dont matter the consumer is the one paid the price.
NO TO A "BAN" - But a decent tariff....If someone really WANTS one, they can get it, but extra money they pay to get it GOES TO STATE COFFERS......e.g. if they're in Michigan, at least state residents receive a benefit. This protects the PEOPLE affected by the sale, without BLOCKING the essence of "free market" principles.
Blah Blah Blah
If they do it, it will backfire hard.
If USA bans Chinese company EVs, China will ban USA company EVs.
Tesla stock would plummet. All Chinese EVs would go ⬆️
1.4 billion Chinese out-consume 350 billion Americans
Don't ban. Just hike import fees to match china's subsidizes.
...this means China has to raise import taxes for US and western European products as well. Just kidding. 1.4 billion China is like a continent and can ban western European and US goods entirely. It is profiting way more when it helps other Asian, African, South and Central American as well as Slavic countries to emerge...instead of wasting time with the white western European and the white US deplorable trash.
China ended subsidies several years ago. Elon Musk says Tesla's Shanghai factory builds an EV for 1/3 of the cost as its Calif factory. Now Tesla did get Chinese subsidies (their version of carbon credits). Which helped Tesla compete in the CHinese market. But the 1/3 cost is in large part due to the use of robots in making both Teslas and Chinese branded EVs.
I would like to see more competition in the US EV market. But I can understand this is not fair. I don’t think there is a simple answer for how to level the playing field.
...cope with it: USA: only 332 million people. China: 1.4 billion people. There is no leveling. Every human on earth has the same value...therefore China has over 4.2 times more value than the USA.
Makes me happy that China is now phasing out of buying Western chips.
Yes I agree. Maybe some compromise is fair.
@@chillfluencer Sounds like sour grapes from western companies. Eventually China will dominate the auto industry.
@@chillfluencer I agree people have equal worth, but I don’t see what that has to do with the Chinese government giving money to Chinese companies to enter foreign markets. Truly, I want to see more Chinese EVs available in the US.
"level the playing field" is easy invest in automation ....that why tesla and other ev so cheap to build in china
US should ban the import of Chinese cars and car parts, subsidize US auto mfrs even if US cars cost a lot more for the US consumers whom are very patriotic.
Oh, the irony! It seems that only those with a penchant for discrimination seem to champion this prohibition. How intriguing! Our hearts are set on those reasonably priced Chinese automobiles. Ah, the government's deceitful ways are truly astounding. Ah, but aside from mere employment concerns, it appears that Tesla is diligently crafting robots set to conquer all American jobs in a mere decade. How fascinating! Might one suggest banning American cars in return? Quite the conundrum, wouldn't you say? Oh dear, what say you now, my dear interlocutor? Oh, the perplexities of it all!
3 years ago, China was the biggest market for US automakers. It was also the biggest market for Japanes and German automakers. In a few years except for Tesla, US/Japan automakers will be out of China. BY 2030, US/Japan automakers will lose most of the auto market world wide (except for their home markets). R/D and innovation will be important going forward. And BYD already in 2023 has a bigger R/D budget than GM and Ford together. The US govt is already 34T in debt growing by 2 T/yr as far as the eye can see.
The ban will not help in the long term. It will provide some time for the economy to create jobs in other industries. But subsidizing a loser is just throwing good money after bad. We should create new industries where we are competitive.
70% of Americans are living from paycheck to paycheck. You are telling me they don't mind paying a lot more because they are patriotic? Serious ?
70% of Americans are living from paycheck to paycheck. But willing to pay a lot more because they are patriotic. Serious?
If china bans every american brand today, your economy will be dead by tomorrow.
I do not agree with a ban. I believe that tariffs to protect the domestic manufacturers need to be TEMPORARY. Give the domestic industry a timeline saying the tariffs will progressively reduced. If the domestic industry cannot compete.......
It does not matter whether we let them in or not.
Its not going to work out for EVS as they are intended.
Who cares what you think. Not an American.
I am and I agree with him.
That's the time honored method. Undercut on price til you drive the competition out. They're doing it to Viet Nam with cheap products from their over-capacity.