There’s competition and then there’s inevitably losing to someone looking to dominate the market, kill all competition with suicidal pricing because they can just use their slave workers to work 12 hrs a day with no OT pay, or activate state fund whenever mr emperor decides to do so.(I know none of you guys care about this part)
And then you also have EVs built with cheapest materials that don’t last, so pick your devil, don’t say no one warned you guys, I’m Chinese living in China.
Bessent I’m concerned that by attacking any form of money that people own you are going to force the hand of the rest of the world to pick something you can’t attack.
Which well anyone can attack commodities and literally plunder them but at least until they are plundered they will hold value compared to frozen assets like what we did with Russia or what you are doing with Iran on crypto.
It could give them a chance but it doesn’t look like they will take it, if they wanted to be competitive they would actually try to compete. Now they are just building pick up trucks and SUVs. EVs don’t make great trucks anyway or a manual mustang, so I think they can stick around for a long time just being more of a niche market. They are so far behind Tesla with EVs not to mention China, Elon isn’t even trying to compete with China and is focusing on cybercab and Optimus.
It’s crazy what the chicken tax ended up doing to American automakers.