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The right way to do that is to lower the tax rate on these foreign models a little bit; enough to spur competition, not enough to crash local manufacturing capa
by petesergeant 1y ago
The right way to do that is to lower the tax rate on these foreign models a little bit; enough to spur competition, not enough to crash local manufacturing capacity.
- StopDisinfo910 1y agoFor EV, the situation is even more dire. Western countries simply don’t have the supply chain required to compete with China. China is often by far the best supplier for a lot of components and the sole supplier able to provide some raw materials in large quantities. Honestly, we are not far from reaching a point where using the old Chinese strategy might be our best bet: mandatory JVs with local companies if the Chinese companies want to access our markets.
- taneq 1y agoThat’s the right way to make any economic change. Gently, by gradations, so as to give the market time to adjust.