this post was submitted on 10 Jul 2025
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Former GM Executive: BYD cars are good in terms of design, features, price, quality. If we let BYD into the U.S. market, it could end up destroying american manufacturers (www.nytimes.com)
submitted 2 days ago* (last edited 1 day ago) by Davriellelouna@lemmy.world to c/technology@lemmy.world
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[–] Blackmist@feddit.uk 123 points 1 day ago (27 children)

Oh no! The type of capitalism where we have to compete!

Make it go away, Daddy Trump!

[–] drmoose@lemmy.world 12 points 1 day ago (22 children)

Tbf notoriously China subsidizes BYD to net loss so its not exactly capitalism.

[–] theonetruedroid@lemmy.dbzer0.com 5 points 1 day ago (2 children)

It's state sponsored capitalism and China has pumped a ton of money into BYD to get them to where they are.

I can see them giving larger tax breaks to companies in the US, but current administration is all in on tariffs as the way to increase our domestic production. It doesn't make ours any better or cheaper, just everything else more expensive.

[–] pupbiru@aussie.zone 6 points 1 day ago (1 children)

It doesn't make ours any better or cheaper, just everything else more expensive.

it also makes your domestic products more expensive because cars etc still have to source components and industrial machines from internationally so it’s tariffs all the way down

[–] sugar_in_your_tea@sh.itjust.works 1 points 1 day ago* (last edited 1 day ago)

And if they didn't source internationally, they'd have to pay local labor prices, so it's more expensive regardless of the direction they choose to go. If you make imports expensive enough, local goods will become more attractive, sure, but not cheaper.

[–] Ileftreddit@lemmy.world 2 points 21 hours ago (1 children)

State sponsored capitalism is what everyone does. The only reason Tesla even exists is because of US government support

[–] clutchtwopointzero@lemmy.world 1 points 15 hours ago

there. too bad Musk lost interest after he completed SEX + Cyber truck

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