Search

U.S. Subsidies Fuel Boom in Global Auto Trade - The Wall Street Journal

jokbanga.blogspot.com
Chinese-made cars await export at the port of Yantai, Shandong province. China’s auto exports were up 71% in the third quarter compared with average monthly exports in 2021.Photo: Cfoto/Zuma Press

SINGAPORE—Auto exports from Europe and Asia are surging as the U.S. and other countries lavish subsidies on electric vehicles and dealers replenish inventories that even now aren’t back to prepandemic levels. 

The boom in autos contrasts with broader

weakness in exports as the global economy slows. The trend offers a glimpse of how the West’s embrace of industrial policies aimed at stimulating domestic manufacturing and reducing the use of fossil fuels is causing wrinkles in patterns of world trade. 

Adblock test (Why?)



"auto" - Google News
November 19, 2023 at 09:01PM
https://ift.tt/s7Q12iE

U.S. Subsidies Fuel Boom in Global Auto Trade - The Wall Street Journal
"auto" - Google News
https://ift.tt/7ChEMUV
https://ift.tt/B1sMSeV

Bagikan Berita Ini

0 Response to "U.S. Subsidies Fuel Boom in Global Auto Trade - The Wall Street Journal"

Post a Comment

Powered by Blogger.