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US should block cheap Chinese auto imports from Mexico, US makers say
(www.reuters.com)
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this post was submitted on 24 Feb 2024
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US labor can't really compete with the low cost of Chinese labor. On the other hand, it's not like US automakers are making small affordable EVs, even though there is a demand for them. Imported Chinese EVs fill that niche and also contain things like strategic metals, rare earth magnets, and lithium battery tech. All of that is recyclable, and they want to sell it to America for super cheap prices. If we were smart, when these cars are done being cars, we'll reuse and recycle these materials right here in the USA. That could be a growth industry unto itself.
Keep in mind, the cost of labor is the smallest piece of the cost of a vehicle. It's about being afraid to talk to their own workers and treat them like humans.