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Biden Calls Chinese Electric Vehicles a Security Threat
(www.nytimes.com)
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this post was submitted on 29 Feb 2024
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I'm not sure OP is talking about the net distribution of profit though, they're talking about gross market output. China can flood the EV market with cheap commodities, that's bad news for American manufacturers because -as op said- they can't compete. A lot of that is related to population, but that's kind of irrelevant to the point op is making.