Cheap Chinese ‘Surveillance Machines’ Cannot Flood US Car Market At All Costs
When China was granted most favored nation status in 1997 and allowed into the World Trade Organization in 2001, the American people were promised such moves would lead to China becoming more democratic and peaceful, provide protections against theft of intellectual property, result in America manufacturing and exporting more goods to China, and there would be no loss of domestic manufacturing.
Of course, none of these things have happened.
In fact, it’s been the opposite. Today China is the top threat to the United States of America, and they are working around the clock to overtake America in every industry. One of the most significant industries under threat is auto manufacturing.
Automaking is America’s largest manufacturing sector. Every $1 added to the economy by motor vehicle manufacturing creates an additional $4.23 in economic value. Every direct job in vehicle manufacturing supports another nine American jobs. In total, the auto industry employs 10 million Americans in all 50 states, generates 5% of GDP and drives $1.2 trillion into the economy annually.
But China’s worldwide strategy of automotive manufacturing and supply chain expansion — directed by the Chinese government and rooted in state subsidized, unfair, anticompetitive trade practices,........
