South Korean media: Trump's containment policy will only increase China's competitiveness! On May 9, the South Korean media "Business Post" published an article stating that it is predicted that US President Donald Trump's policy to contain China may ultimately hinder the competitiveness of the US electric vehicle industry. This is because China's electric vehicle industry dominates the supply chain, including batteries, and American companies also need components made in China. If the Trump administration raises trade barriers, it will boomerang and cause trouble for them. Trump's government's import tariff policy on China is causing the US to miss the "golden opportunity" to compete for leadership in the electric vehicle field. Trump's tariff policy has caused great confusion for American automakers investing in the electric vehicle supply chain and has become a turning point for them to adopt a more conservative investment tone. For example, General Motors suspended production of electric commercial vehicles at its Canadian factory last month. There are also reports that Tesla's factories in Texas and Nevada have experienced delays in producing self-driving cars and electric trucks due to tariff-induced interruptions in Chinese component imports. Moreover, Trump is withdrawing financial support for electric vehicle manufacturers and even promoting policies to revitalize fossil fuels. While Chinese electric vehicle enterprises like BYD are rapidly expanding their influence globally, American electric vehicle companies seem to be constrained by the Trump administration. Initially, during the Biden administration, the US actively cultivated the electric vehicle industry and attracted production facilities. The Alliance for Automotive Innovation announced that cumulative investments in electric vehicles in the US from 2019 to this year reached $131 billion. $38 billion was invested in electric vehicle assembly plants, and $93 billion was invested in battery production plants. However, the tariff uncertainties under the Trump administration could waste the growth time for electric vehicle companies as well as South Korean battery companies operating production plants in the US. Moreover, due to Trump's 25% tariff on automobiles, the US automotive industry had to return to a conservative business基调. The Financial Times commented, "Trump provided BYD with a key opportunity to surpass Tesla." On the other hand, the US government's containment policies are stimulating China to focus on strengthening its own electric vehicle industry competitiveness. In other words, this will provide an opportunity to further enhance China's dominant position in the global electric vehicle market. At the same time, the US electric vehicle industry is also difficult to escape China's supply chain. TD Bank analyst Andrew Forlenza told The New York Times, "The US is also trying to break away from China's supply chain, but this will not happen overnight." In summary, Trump's excessive containment policy is very likely to become a decisive factor for the US electric vehicle market leadership to be completely handed over to China. Original source: https://www.toutiao.com/article/1831647356210180/ Disclaimer: This article solely represents the author's viewpoint.