It's hard because I have very, very little sympathy for the US auto industry. Very little (go fuck yourself Detroit).
However, China routinely focuses on certain industries and then uses state incentives to have Chinese companies mass produce products in those industries. It is all but impossible for any company, from any country, to compete with that (without similar government subsidization).
It seems to me that the solution isn't to ban Chinese exports or ignore Chinese subsidies ... it's to allow Chinese products in, with a tariff that balances the subsidization.
(Which is also hard for me to support, as I'm generally anti-tariff ... but it does seem like the right measure here.)
This is why we had 100% tariffs well before Trump. To make it difficult but not impossible to compete. Europe clearly took it too far and it resulted in their biggest companies downsizing at best. I suspect once trump is out we'll look to Canada as a model.
It's hard because I have very, very little sympathy for the US auto industry. Very little (go fuck yourself Detroit).
However, China routinely focuses on certain industries and then uses state incentives to have Chinese companies mass produce products in those industries. It is all but impossible for any company, from any country, to compete with that (without similar government subsidization).
It seems to me that the solution isn't to ban Chinese exports or ignore Chinese subsidies ... it's to allow Chinese products in, with a tariff that balances the subsidization.
(Which is also hard for me to support, as I'm generally anti-tariff ... but it does seem like the right measure here.)
This is why we had 100% tariffs well before Trump. To make it difficult but not impossible to compete. Europe clearly took it too far and it resulted in their biggest companies downsizing at best. I suspect once trump is out we'll look to Canada as a model.
No, we need more competition. $100,000+ trucks just to drive to the office with 72+ month leases are not competitive.
If the market demands products you cannot deliver, buy politicians, laws, and pr firms instead