False. The US Auto market is subsidized and regulated in opaque and convoluted ways that distort prices and demand significantly.
it is not like every four/eight years we get to decide what is being subsidized - america is just as socialist as china when it comes to this shit :)
The difference is about one order, that makes it a difference of kind when mercantilism is the current successful strategy.
Good thing Covid revealed how weak countries have gotten relying to heavily in critical industries.