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Sure because having domestic industry is a strategic decision. Also the reason why US carmakers won't go bust. Chinese competition simply won't be allowed. Easy
by KeplerBoy 1y ago
Sure because having domestic industry is a strategic decision. Also the reason why US carmakers won't go bust. Chinese competition simply won't be allowed. Easy as that.
- trhway 1y ago>Chinese competition simply won't be allowed. Easy as that. Then the domestic industry will just rot from inside. It is usually a worse outcome than if the domestic industry were competing in the open market. Tariffs and other protectionist measures result in the low quality high priced product of the protected industry being sellable only in the domestic market. Where is China is going to sell to the rest of the world. 340M vs. almost 8B of addressable market. It is a writing on the wall.
- jasonsb 1y agoWe’re now trapped in a new capitalist-globalist paradigm: when one country produces goods faster and cheaper, the response isn’t to compete, but to isolate them. And the world’s oligarchs couldn’t be happier.
- KeplerBoy 1y agoThat's hardly a new situation. There are no American cars on European roads with the exception of occasional Fords. Also the Chinese aren't selling to the rest of the World. The EU has also imposed harsh tariffs on BYD and others to protect its industry.
- ZeroGravitas 1y agoTesla has a factory in Berlin. BYD had had a bus factory for a while in Europe but is just about to roll the first cars off their plant in Hungary.
- piva00 1y agoThere are lots of BYDs, MGs, and I'm even starting to see some Xpeng cars around in Scandinavia. They are selling.
- LaSombra 1y agoJaecoo and Omoda are starting to show up in the UK
- hshdhdhj4444 1y agoThere are basically no American cars being sold outside America. This has nothing to do with EU rules and everything to do with the Big 3 deciding in the early to mid 2010s that SUVs sold in America were so profitable they really didn’t need to do business anywhere else.
- owebmaster 1y agoCan vouch for that. Ford and GM (Chevrolet) used to have a big presence in Brazil but now Ford is almost gone and Chevrolet is going the same way
- Gigachad 1y agoSadly RAM seems to have a small market selling to manchildren in Australia.
- 4ndrewl 1y agoSure because having domestic industry is a strategic decision. Also the reason why Soviet carmakers won't go bust. American competition simply won't be allowed. Easy as that, comrade!
- HDThoreaun 1y agoProtectionism does not work. Your plan was already tried with naval traffic, look at the effects of the jones act.