The US closing off its market was totally predictable and has been priced in. You’ll notice that no Chinese EV makers made any plans to export directly into the US, even as they were selling around the world.
The US market is significant, sure, but the US car industry could easily end up where its shipbuilding industry is: hanging around thanks to government protection, catering to the domestic market, but a bit of a joke by global standards.
Shipbuilding and car manufacturing both have extensive defense applications. They’ll keep both around because if there’s a war they need a local industry.
The US closing off its market was totally predictable and has been priced in. You’ll notice that no Chinese EV makers made any plans to export directly into the US, even as they were selling around the world.
The US market is significant, sure, but the US car industry could easily end up where its shipbuilding industry is: hanging around thanks to government protection, catering to the domestic market, but a bit of a joke by global standards.
Shipbuilding and car manufacturing both have extensive defense applications. They’ll keep both around because if there’s a war they need a local industry.