Trump Says “Let China Come In” on EVs, but Washington Isn't Exactly on Board [Yahoo! Finance]
BYD CO LTD UNSP/ADR (BYDDY)
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Source: Yahoo! Finance
could shake up the global EV world: “Let China come in.” It sounds like a diplomatic invitation to a barbecue, but this is actually a potentially seismic policy shift in the U.S. stance on Chinese electric vehicles and manufacturing. Whether this is brilliant free-market thinking or a high-stakes gamble on Detroit's future depends on who you ask. The irony is that US officials, including transportation secretary Sean Duffy, described Canada's decision to open its auto market to China as a mistake, effectively countering the President's earlier position that Canada's decision is “a good thing.” According to Reuters , Duffy said Canada will look back in regret at its decision to import nearly 50,000 Chinese-made EVs, while trade rep Jamieson Greer stressed in a separate CNBC interview that the US government have tariffs in place to protect American jobs from enticing Chinese cars. “I think in the long run, they're [Canada] not going to like having made that deal,” Greer said. Fo
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