Dirty Frank
Well-known member
China did that play with cast wheels, automotive, motorcycle exct.Again, it's only "uncompetitive" when the other side isn't playing on a level playing field.
If you ran a company making widgets that cost you $75 to make and you sell for $100, making $25 profit....and all of a sudden a chinese company comes along awash in CCP government money and is pushing out those same widgets that "cost" them only $20 to make and sell for $50, yeah, you'd be screaming too.
And you and every other company selling widgets would go out of business since you'd be forced to sell each widget at a $25 loss.
And once you and every other widget maker has gone bankrupt (and perhaps that CCP money also slows down once they've reached "Mission accomplished) and they have the market all to themselves, they can not only jack up those prices to whatever they want since they don't have any competition anymore, but everyone in North American is driving around chinese electronics, which is a whole other ball of wax no matter how much people want to discount that whole thing.
As for the Norway thing, their willingness to just welcome chinese EV's in to flood the market is somewhat hypocritical from a "Lets be green, YAY!" standpoint since almost their entire economy is based on oil and gas, but oil and gas that is exported to Europe. The CCP cars becoming a monopoly there makes little difference to them from an anticompetitive standpoint as they have no meaningful auto manufacturing industry anyways, and then they can yell about being "green" when their population (which number less than half that of the population of Ontario alone, one must also remember, in an entire country also less than half the size of just Ontario as well) drive electric cars. Yay Norway?
If they spot a niche that they can throw resources at and dominate they move in with government funding and its over for the competition in short order unless there is some sort of governmental intervention like tariffs.