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> This is just going to hurt US car manufacturers. Tarriffs are rent seeking. tarriffs are visible protective regulation, China protects its domestic markets t
by riku_iki 10mo ago
> This is just going to hurt US car manufacturers. Tarriffs are rent seeking.
tarriffs are visible protective regulation, China protects its domestic markets through different type of regulations for decades.
- testing22321 10mo agoAnd now Chinese people can buy higher quality products for cheaper than Americans can.
- riku_iki 10mo agothere are many unclear assumptions before we come to such conclusion: - does product have higher quality? - is it cheaper, given there is no proven reliability track record for Chinese automakers, meaning maintenance cost could be very high - if production is subsidized by government incentives or cheap labor, Chinese consumer pay high price, its just money flows on other channels