https://www.foxbusiness.com/markets/polestar-banned-from-us-market-under-rule-targeting-china-linked-connected-vehicles
Hmmm, nothing to be worried about, just another day... nothing to see here!
4 replies (most recent on top)
Prices of goods in China are much cheaper than the same goods exported to the US and for sale here.
Would they be allowed to sell in the US at their domestic prices?
Prices of goods in China are much cheaper than the same goods exported to the US and for sale here.
Would they be allowed to sell in the US at their domestic prices?
What's the definition of "normal price"? Using US labor or 3rd World labor?
"Product dumping is an international trade practice where a manufacturer exports a product to a foreign market at a price lower than its normal value, defined as the price charged in the exporter’s home market or the cost of production. This form of third-degree price discrimination is often used to gain a competitive edge, increase market share, or clear excess inventory."
Enter the CCP bots to defend this practice. They always bring up "competition".
Before you fall for it, look to the European car industry as a source of what happens when legitimate car companies try to compete with a fully subsidized industry from a c0mmunist country.