China: Competitor or Adversary 🤔 ??

China is an ally of the Biden administration. The push for EVs clearly demonstrates that, as more than 50% of some of the major materials for electric motors are sourced from China.
 
Biden ~ Xi Jinping Telephone Summit Summary

www.whitehouse.gov

Readout of President Joe Biden's Call with President Xi Jinping of the People's Republic of China | The White House

President Joseph R. Biden, Jr. spoke today with President Xi Jinping of the People’s Republic of China (PRC). The call follows the two leaders’ meeting in Woodside, California in November 2023. The two leaders held a candid and constructive discussion on a range of bilateral, regional, and...
www.whitehouse.gov www.whitehouse.gov


China's response?

Dozens of Chinese warplanes and multiple naval ships were reported around the island of Taiwan this week, the largest coordinated display this year.
 
Blinken meets with Xi Jinping as China warns US against crossing "red lines"

"We have always called for respect of each other’s core interests and urge the United States not to interfere in China’s internal affairs, not to hold China’s development back, and not to step on China’s red lines on China’s sovereignty, security, and development interests."
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Reading between the lines, America should not defend Taiwan and oppose China's sphere of influence In the Pacific?
 
Omega said:
headlineusa.com

Meet the Little Chinese Car Threatening a 'Bloodbath' for U.S. Auto Industry | Headline USA

(Headline USA) A tiny, low-priced electric car called the Seagull has American automakers and politicians trembling. The car, launched last year by Chinese automaker BYD, sells for around $12,000 in China, but drives well and is put together with craftsmanship that rivals U.S.-made electric...
headlineusa.com headlineusa.com
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The Chinese make a quality EV with better range for a much cheaper price. Instead of letting the market force our automakers to make a better product for a competitive price. We are going to take the lazy route and just place tariffs on the product.
 
Cubsandtigers said:
The Chinese make a quality EV with better range for a much cheaper price. Instead of letting the market force our automakers to make a better product for a competitive price. We are going to take the lazy route and just place tariffs on the product.
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That and due to regulations, American autos are top heavy on tech gizmos that make the cars unaffordable and do little to enhance safety or driveability. But UAW workers clock in at $42 hour while Chinese earn around $12, so all is good 🤔.
 
Omega said:
That and due to regulations, American autos are top heavy on tech gizmos that make the cars unaffordable and do little to enhance safety or driveability. But UAW workers clock in at $42 hour while Chinese earn around $12, so all is good 🤔.
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American consumers have demanded those gizmo’s. Let’s see if demand for gizmo’s drops now that the price of a new car is unaffordable.
 
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