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Many arguing in favor of tarrifs note that it is not a free market. China is definitely playing to dominate with government assistance deep in the supply chain
by goalieca 1y ago
Many arguing in favor of tarrifs note that it is not a free market. China is definitely playing to dominate with government assistance deep in the supply chain on up.
- ricardobeat 1y agoThere has been plenty of evidence that total government assistance to automakers has been at the same level in the USA, including the huge bailouts.
- goalieca 1y agoThe scale is not even close to comparable.
- deleted 1y ago[deleted]
- fragmede 1y agoNot remotely. It's fair to point out that it exists, especially given the bailout, but China's sponsorship of their local manufacturing is a whole other level. We're talking direct subsidies and grants to OEMs, consumers getting trade in subsidies, huge tax rebates and exemptions, financing, infrastructure support, and long term industrial planning. Similar things exist in the US, but the biggest thing though is that it's stable and not capricious, unlike the current US administration. China's support is enormous, like $230 billion over 15 years, and it's ongoing, not some random one-offs, like cash for clunkers.