Quote:
Originally Posted by whatnext
And unlike Japan, China is not a democracy or an ally. Which is why Biden is about to do this:
The tariff rate on Chinese EVs is set to jump from 25% to about 100%, sources said, adding that batteries and solar panels from China would also be affected.…
https://www.nbcnews.com/news/amp/rcna151748
And you can bet the USA will not sit still and let China just set up shops in Mexico. |
And again you missed the point of my post. Keeping them out of the US is the easy part. But for most of these legacy automakers they used to sell nearly as many cars in China as they did in the US. If they lose China and then lose other emerging markets like Latin America, Africa, Southeast Asia and even India to Chinese and local brands, that will be the end of them. I don't think there's a single legacy automaker that could service all their debt exclusively on domestic sales.
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