this post was submitted on 05 Mar 2024
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Prove me wrong that this has nothing to do with the fact that China became the world's biggest auto exporter last year and this is a desperate way for the US to try to protect their own auto industry.
Free market, my bottom.
Well, it's more than that. China is actively trying to dump on the market. Selling things at a loss so they can kill and steal market share.
Sorta what Amazon did early on but on a global scale.
This would be valid if... China was dumping. They're not. They're selling far above unit costs. In fact, their export models are often double or triple the price of domestic models of the same car.
I brought receipts.
https://www.electrive.com/2023/09/14/major-response-to-announced-eu-anti-price-dumping-investigation/
https://www.ft.com/content/55ec498d-0959-41ef-8ab9-af06cc45f8e7
Just because YOU don't believe in facts doesn't make it less true.
Your first link is an announcement of an investigation into accusations based on assumptions and your second was behind a paywall and the most recent archive.org snapshot didn’t work.
Those aren’t really “receipts”.
Interesting receipts you provide... Receipts with zero evidence actually provided.
OP is correct. The fact is that Chinese cars sold for export are substantially more expensive than those sold for domestic consumption. Unless your argument is that they're... Dumping domestically?
Better tell all the investors, then.