Be afraid, be very afraid. BYD.
Be afraid, be very afraid. BYD.
What or who is BYD? THE WORLD'S LARGEST AUTOMOBILE COMPANY. And they have this massive factory that employs 200,000 people. 60,000 in one location alone. They say it's the size of Manhattan.
They build a car every thirty seconds. They at this time are working on a plant in Mexico. Presently the car would be subject to 100-250% tariff. What would happen if an administration came into power that was friendly with China? Presently the Trump administration has been warning Mexico to not allow China in.
Presently there are 14 auto plants in Latin America owned by US companies. Those would be the first to close and this would make US cars much more expensive.