Cheap Subsidized Chinese EVs From Mexico Could Destroy US Auto Sector, Industry Group Warns

The United States should implement trade measures to prevent an influx of subsidized, cheap Chinese electric vehicles (EVs) from Mexico, which threatens the U.S. auto industry, an industry group has warned. In a report titled “China’s Existential Threat to America’s Auto Industry and its Route Through Mexico,” released on Feb. 20, the Alliance for American Manufacturing expressed significant concerns that Chinese EV dominance could wipe out the century-long U.S. auto industry. “The introduction of cheap Chinese autos–which are so inexpensive because they are backed with the power and funding of the Chinese government–to the American market could end up being an extinction-level event for the U.S. auto sector, whose centrality in the national economy is unimpeachable,” the group warned....