there is a general sense that china will need to flood the world with (sunk cost) subsidized exports to save its own economy.
even codependent partners like brazil have started protecting steel, knowing it could get wiped out.
i doubt that EVs are the most important industry to be wary of in europe and NA, but they are certainly the most visible. rest assured that megahypocrite and subsidy-lover elon will be very vocal.
(if sold at walmart, i wonder how many american families would buy a small chinese EV for their kids to putter around town @ < $15k)
China's economy is still very industrial-driven and heavily reliant on exports, and they could use a quick fix now. Without commenting on the accuracy of it, there is some logic to the low-hanging fruit for economic recovery being exports, especially given their strength in that area. If I were a domestic economic policymaker, that's certainly what I'd be thinking about.
Thanks for the primer. Was wondering when the US was going to get around to this. Hopefully learned their lesson from the solar tech space.
there is a general sense that china will need to flood the world with (sunk cost) subsidized exports to save its own economy.
even codependent partners like brazil have started protecting steel, knowing it could get wiped out.
i doubt that EVs are the most important industry to be wary of in europe and NA, but they are certainly the most visible. rest assured that megahypocrite and subsidy-lover elon will be very vocal.
(if sold at walmart, i wonder how many american families would buy a small chinese EV for their kids to putter around town @ < $15k)
China's economy is still very industrial-driven and heavily reliant on exports, and they could use a quick fix now. Without commenting on the accuracy of it, there is some logic to the low-hanging fruit for economic recovery being exports, especially given their strength in that area. If I were a domestic economic policymaker, that's certainly what I'd be thinking about.