America’s auto industry has grown concerned that Chinese carmakers may be preparing to set up shop in Mexico to exploit North American trade rules.
  • SeattleRain@lemmy.worldEnglish
    11·
    6 months ago

    The US subsidizes their EV industry twice as much as China. The real why China can do this is because the US has gutted their industrial base in favor of financialization while China built up their industrial base.

    • flambonksciousEnglish
      13·
      6 months ago

      Yeah, sure - that’s still China trying to undercut and ensure the US remains reliant on them long term…

      • SeattleRain@lemmy.worldEnglish
        7·
        6 months ago

        No that’s just the US not being competitive because stock buy backs and layoffs are easier than building good cheap cars.

        • flambonksciousEnglish
          11·
          6 months ago

          …or both. Think about it, if what you’ve said is completely true (I don’t disagree, BTW), why would they bother subsidising?

          They’re trying to ring fence the market. That the US is helping then is only vaguely related

          • SeattleRain@lemmy.worldEnglish
            2·
            6 months ago

            But it’s not both. How can you produce something for cheaper with less subsidies unless your just better at it.

            It’s like saying the winner of a race had an unfair advantage even after giving their opponent a head start.