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The article cites the Alliance for American Manufacturing, for one, as warning that if these Chinese-state-subsidized vehicles are permitted for import without
by alwa 3y ago
The article cites the Alliance for American Manufacturing, for one, as warning that if these Chinese-state-subsidized vehicles are permitted for import without trade adjustments correcting for the distortionary effect of the subsidies, then unsubsidized non-Chinese manufacturers will be unable to compete and have to fold.
As the article quotes Elon Musk in his capacity as Tesla guy:
> “The Chinese car companies are the most competitive car companies in the world,” Musk said during the call. “So, I think they will have significant success outside of China depending on what kind of tariffs or trade barriers are established.”
> “Frankly, I think, if there are not trade barriers established, they will pretty much demolish most other companies in the world.”