"thanks to Chinese competition". More like anti-competitive practices. They can force down Chinese wages to keep labor costs down. They can require companies involved in component technologies to share their IP in order to do business in China, then replicate it and subsidize the hell out of it to push them not just out of China, but out of business globally. Then subsidize the whole final vertically integrated manufacturing of the end product so it's all cheaper and harder to compete with.
Not very free market. It's basically military and intelligence budget combined. If you can hurt auto manufacturing, you further consolidate manufacturing inside China. Then if you can get people to pay for you to spy on them through their own cars, that's well spent intelligence budget. If you reduce the portion of global manufacturing outside of China, you reduce the amount of manufacturing that can quickly pivot to wartime production like we saw during World War 2.
I'm glad that we still have sane enough people in the US that we ban these obvious and transparently bad things. It wasn't that hard to see free trade died.
Hopefully people don't still think that China's green energy initiatives are about the climate. Whatever you think about those initiatives, don't let that blind you to the legitimate questions around China's motivations.
Not very free market. It's basically military and intelligence budget combined. If you can hurt auto manufacturing, you further consolidate manufacturing inside China. Then if you can get people to pay for you to spy on them through their own cars, that's well spent intelligence budget. If you reduce the portion of global manufacturing outside of China, you reduce the amount of manufacturing that can quickly pivot to wartime production like we saw during World War 2.
I'm glad that we still have sane enough people in the US that we ban these obvious and transparently bad things. It wasn't that hard to see free trade died.
Hopefully people don't still think that China's green energy initiatives are about the climate. Whatever you think about those initiatives, don't let that blind you to the legitimate questions around China's motivations.