alt Hacker NewsThis. Most of the Chinese products met the definition of dumping. They over produce with suppressed wages, currency exchange rate, and government subsidies. The current generations of Chinese workers do not benefit from this. To clarify, they have top products, some are well paid. But the general trend is dumping.
I am curious when will other countries would actually start of defend their industries properly.
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Shouldn't we be writing thank-you notes to the Chinese tax payers who so graciously subsidies cheap cars for us?
I agree that Chinese workers and tax payers are hurt. But why do we need to 'defend' anything from their generosity?
> They over produce with suppressed wages, currency exchange rate, and government subsidies
I mean, so does Germany.
Technically, the USA only has the massive subsidies part since the IRA came to be but they also have tariffs so, not doing too bad distortion-wise.
At this point in time, pretty much everyone is already defending their industries. China is just playing its cards better than the others and with a head start when it comes to EV.
Industry talking points, meant to convince you to subsidize them.