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China’s Electric Vehicles Are Going to Hit Detroit Like a Wrecking Ball
(www.nytimes.com)
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We export $55B in automotive cars and parts annually. If China gets a foothold in Mexico or starts dominating markets in Europe or Indonesia or India, the Americans are in for a lot of pain long term.
There's also a demoralizing effect of foreign countries having better cars than the states. Japan really fucked the American psyche with Toyota's global dominance.