> Tariffs will be needed by countries that refuse to create state backed companies
Which countries are those? All western car manufacturers are backed by the state as far as I'm aware.
Which countries are those? All western car manufacturers are backed by the state as far as I'm aware.
As far as I can tell, this is entirely incorrect when it comes to European car companies. In the US, beside bailing out GM in the 2008 crash, they do give government loans to some car companies. But I don't agree that giving loans that equates to being "backed by the state".
Do you think the German state of Lower Saxony would hurt its 20% shares of Volkswagen?
Or what about the exemptions for power costs for high usage companies?
Maybe not car manufacturer specific but still a kind of subsidy.
Every country does more or less obvious.