See all that is being done in China too but it’s not even the issue. The issue is car manufacturers receiving a direct subsidy on all cars produced. Nobody does that and generally selling things for under cost long term is considered illegal because it’s a way to establish a monopoly in an established market.
And yet even if that were true, where is the economic policy targeting that? You don’t throw a tantrum and tariff the world, but could do something useful with targeted penalties on one hand and incentives for your own legacy manufacturers on the other. I could be convinced by that
But reality looks a lot more like fear and xenophobia
Then why does nobody else do it? Why doesn’t Germany pay their manufacturers for every car built?
Nobody except for the world’s biggest economy can afford to literally subsidize manufacturing of luxury goods for overseas markets.
https://www.gtai.de/en/invest/investment-guide/incentive-programs-in-germany
https://www.bundesbank.de/resource/blob/706050/925ab0ad3bac1c21abdf12909087f483/mL/2000-12-subsidy-trends-data.pdf
For the us, there was a combination of
See all that is being done in China too but it’s not even the issue. The issue is car manufacturers receiving a direct subsidy on all cars produced. Nobody does that and generally selling things for under cost long term is considered illegal because it’s a way to establish a monopoly in an established market.
And yet even if that were true, where is the economic policy targeting that? You don’t throw a tantrum and tariff the world, but could do something useful with targeted penalties on one hand and incentives for your own legacy manufacturers on the other. I could be convinced by that
But reality looks a lot more like fear and xenophobia