President Trump's visit to China highlights a key tension for American decision makers: how to manage China’s growing prowess in sectors like the auto industry.
Chinese EVs are cheaper because the control the supply chain from mining to battery production. It has nothing to do with automation or cheaper labor, US plants are all automated. Chinese cars need to cost more for transport.
It is impossible to build lower cost cars in the US with healthcare costs, and Trump has only made that worse. US is the only country that ties healthcare to employment.
Chinese EVs are cheaper because the control the supply chain from mining to battery production. It has nothing to do with automation or cheaper labor, US plants are all automated. Chinese cars need to cost more for transport.
It is impossible to build lower cost cars in the US with healthcare costs, and Trump has only made that worse. US is the only country that ties healthcare to employment.