I will follow up on the Chinese EV tariffs as it does not appear that there is any indication of any significant manufacturing that would be based here in Canada. I would not have a problem if they were looking to actually invest major dollars and employment figures here in Canada. The concern is that we are just importing more items from China and losing market share and employment here in Canada/ North America. The EV's that China produces is shocking, I don't think normal people know what is coming down the pipeline from these automakers. China is exporting more cars than all Japanese automakers ever did or could even dream of. There is real fear with how good these cars are now and how quickly they have surpassed the brightest minds elsewhere.
The Chinese strategy of just pure domination in economic scale sometimes is beyond shocking and it's a relatively new development. China's relations with the west kinda didn't really get started until the 80's after the US normalized diplomatic ties. It was a very foreign concept of doing business there even until the 90's. I recall when Greece, due to pressure from EU leaders in the economic crisis, sold it's prized Port of Piraeus to China's Cosco. This is one of the busiest ports in the world, a key asset and Greece, with the pressure/help of the EU sold it for effective chump change of a few hundred million EUR's. China now get's to dump their products into the EU with such ease it's not even funny and it was sold for the value of one or two ship's container traffic. Who is doing the economic thinking in the west for these things?
|