There is no way the USA and the West can stop Chinese
EVs or other products from dominating the market outside of the USA and
EU. What steps they are taking is just punishing their own people in a
world that had embraced globalization to benefit from products that can
be produced with comparative advantages, and economies of scale, thereby
resulting in cheaper and better goods.
Such globalization moves
have led to innovations to improve production techniques and cheaper
products accruing to different countries. The USA and EU are killing
their own industries and putting them forever uncompetitive. Please
forget about subsidies, as the USA is the biggest culprit using
subsidies to compete unfairly and stealing jobs from other countries
like Germany, which is being de-industrialized by Biden using his
'inflation reductions act' and giving massive subsidies to, among
others, the semi-conductor sector.
As I always say, the USA and
EU are not the only market available to Chinese manufacturers for
products such as EVs, solar panels, wind turbines, container terminal
cranes, and other consumer products. There is a bigger market growing in
the Global South that need all these products, and this is the market
that China is more interested in going forward. When decoupling is
complete, even in banking and the SWIFT system, we shall see the real
damage that the USA has done to its own economy and that of the EU.
The USA and EU leaders never think beyond their long noses, and always get caught in their own web that they spun.
Anonymous
The White Barbarians and Savages where got looked even just after their long lying noses?
ReplyDeleteTheir sick mentalities is just having their status quos of their same decandance lifestyles on the salvery of the coloured peoples.
Thinking that the World revolved around them.