And this is before Biden’s import tariffs!
Because if you're counting on Trump to save you, I've got some possibly sobering news: https://www.reuters.com/world/us/trump-says-us-china-tariffs...
Yeah, well, maybe?
"Democratic presidential candidate Joe Biden said he would remove Donald Trump’s tariffs on imports from China, which are taxes on U.S. consumers and companies. An aide later asserted the former vice president would reevaluate the tariffs upon taking office."
https://www.scmp.com/business/article/3253116/chinas-lithium...
China gave out huge incentives in the last decade to move to EV's. There are something like 100 different EV makers in china. No that number is not an exaggeration.
The idea that in the current economic storm EV dumping is going to happen is a real thing. The Biden move is proactive and the EU is going much slower but on the same path.
The average programmer in china makes less than half what their US counterpart makes. Cost of living far less than half of the us, pay for factory workers is far far less than the dollars to yuan conversion.
It's far morespending power than just 3.5 vs 8