Unlike America, Aus does not have any car
manufacturing industry to protect against cheap
Chinese car imports; particularly Cheap Chinese EVs.;
nevertheless the Wolff presentation is interesting
in that it deals in part in how the US is struggling
to deal with the influx of cheap Chinese EVs
The video below is interesting, IMO, even though
it focuses on Chinese competition to US manufacturing
generally and the US auto manufacturing protectionist
policies being implemented against cheap Chinese
EVs specifically and cheap Chinese electronic chips
The chips are a surprise because the average Aussie
was likely to think that when it came to chips, that it was
the export of US chips to China that was the big issue.
IMO, its ironic that the impending crippling tariffs on
Chinese EVs by the USA is supposed to create/maintain US workers' jobs
while the economic engine of the USA, namely Silicon Valley
which has replaced Detroit is hell bent on developing the latest
and greatest AI to replace workers including those on the US
Auto assembly lines and related manufacturing .
Anyway, have a listen to Wolff...although he's a Socialist (but an eminent economist) , he has
some pertinent things to say about US economic policy towards US tariffs on
Chinese EVs and comments on the US financial empire:
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- Hybrids Vs PHEVs vs All Electric
Unlike America, Aus does not have any carmanufacturing industry...
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