Anti-China protectionism backfiring on American carmakersโ EV plans: analyst
While Washingtonโs efforts to block Chinese electric vehicles (EVs) were originally intended to protect its domestic automotive industry, they have sparked concerns the strategy is hurting Americaโs carmaking competitiveness. With a lack of a coherent industrial policy discouraging long-term investment, the protectionist approach was backfiring on Detroitโs EV transition, said David Zhang, a macroeconomics and policy analyst at Trivium China, who added that EVs could be a โperfect concessionโ in...