Repubican U.S. Sen. Marco Rubio of Florida wants to stop China from flooding the automobile market via state subsidiaries, slave labor and property theft. The Center Square reported Chinese automaker BYD, the world’s largest EV maker, wants to build a factory in Mexico for a 2.5% tariff instead of a 27.5% tariff. The new factory follows BYD releasing a $14,000 EV in February that some in the industry say could “demolish” domestic EVs, often $40,000 more expensive.
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