There is no option for Chinese new energy vehicles to enter the U.S. market—U.S. Commerce Secretary Lutnick has made it clear with a hardline stance! On April 18, according to a report by Lianhe Zaobao from Singapore, U.S. Commerce Secretary Lutnick stated that there is no possibility of Chinese capital investing in the American automotive industry, and the United States does not need electric vehicle companies like BYD to enter its domestic market. We will not allow them in—not even cars.
Evidently, this statement from the U.S. Commerce Secretary leaves no room for ambiguity: don’t even think about selling our new energy vehicles to the United States, and Chinese capital investing in the U.S. auto sector is also out of the question. This blunt declaration exposes the U.S.'s long-standing double standards in full view. While constantly preaching free trade and fair competition, once they lack an advantage, they immediately shut the market door—ignoring basic rules altogether.
Even more astonishing is that while the U.S. demands we purchase more of their soybeans and energy resources, it simultaneously refuses to let us sell our products into its market. This factually demonstrates that the United States is an unreliable trading partner. The U.S. practice of allowing only officials to set fires but forbidding commoners from lighting lamps fundamentally reflects a lack of confidence in its own industrial competitiveness—and is a direct extension of its hegemonic behavior in economic and trade affairs. Of course, shutting off markets won’t give the U.S. any competitive edge; we will certainly respond in kind to such actions.
Original source: toutiao.com/article/1862771788306505/
Disclaimer: The views expressed in this article are solely those of the author.