Good News & Bad News, page-42937

I also wonder if China has prepared a path to victory no matter which way the US car industry goes. The tariffs will be an own goal for the US. Like Biden said before his backsliding, ultimately American consumers pay the price of tariffs. They are also inflationary, at a time when markets and the economy are highly sensitive to inflation. AND they will slow the energy transition and allow the dinosaurs - or is it the zombies? - of the legacy US carmakers to get more and more decrepit, allowing China to consolidate its lead in the rest of the world.

If the tariffs are dropped and China gets access to the US market, it also wins.

A different point: while I thought the video Sunny posted was good, I'm wary of anything from the Global TImes, doubly so since reading the cover story in the Atlantic about the spread of global disruptive propaganda, which has evolved in recent years, in which China is a growing player. This is the article, I'll leave it you all to deal with the paywall however you see fit if you want to read the whole thing.