alt Hacker NewsThat's the same thing I said.
Protectionism can help when you want to develop an industry.
But it never works for mature ones.
Replies
kubb • yesterday at 11:14 PM
Tell that to American steel tariffs, which have been renewed by every president from Bush to Biden. Or European agriculture, protected for 70 years and still is. Or Japanese rice farmers. These are about as mature as industries get.
Correct, so that’s why it needs to be employed to help develop the Western EV industries so that they can compete with that of China.
EVs are so different that the know-how of the combustion engine power automobile industry does not extend to them. In fact, it can be detrimental.