Sure but that means the US should do things like subsidize American companies (leftists are against this of course) while keeping Chinese ones out until we have competitors who are sufficiently advanced, and then…… China just open its market to American companies that we subsidized?
The key piece I think is missing here is reciprocity.
We can’t have “China subsidies its industries until they are super competitive and then they get to sell in our market but we don’t get to sell in theirs”. Europe does a little of the same with regulatory lawfare.
The problem with lowering the level of protectionism is that it doesn’t really serve anyone’s best interest besides Chinese automakers. American companies lose out, American workers lose out, and we wind up in a worse position than before.
The key piece I think is missing here is reciprocity.
We can’t have “China subsidies its industries until they are super competitive and then they get to sell in our market but we don’t get to sell in theirs”. Europe does a little of the same with regulatory lawfare.
The problem with lowering the level of protectionism is that it doesn’t really serve anyone’s best interest besides Chinese automakers. American companies lose out, American workers lose out, and we wind up in a worse position than before.