Having previously written about the issue of three major Chinese EV makers putting massive investment into production facilities, the remarks by President Trump in Ohio warning of a “bloodbath” in the auto industry are exactly accurate. {Background Context Here}
According to media, last December the three Chinese auto manufacturers, MG, BYD, and Chery, announced they were going to spend billions building new EV manufacturing plants in Mexico. Each Chinese auto manufacturer was going to spend between $1.5 to $2.0 billion. The Chinese don’t make that much of an investment in something unless they are sure the U.S. government is going to force the EV market to exist. These manufacturing plants would crush the U.S EV market.
Drawing attention to the issue, President Trump said he can stop the pending crisis. However, if he did not win the election the American auto industrhttps://theconservativetreehouse.com/blog/2024/03/17/president-trump-warns-of-a-looming-bloodbath-in-the-auto-industry-related-to-chinese-ev-auto-plants-in-mexico-media-go-bananas/y would end up with a “bloodbath” of closed plants, lost jobs and diminished labor union workforce. Trump is not wrong. WATCH: