That's an export driven economy. Their entire economy is built not on consumption domestically, but on what they can overproduce and dump onto economies all over the world. All over the world. The Europeans had to stop [China] from selling electric cars or they were going to wipe out the European electric car industry. So I think China's paying a heavy price. So I would say without commenting on what the Secretary of Treasury said, that, yeah, there's vulnerability to the Chinese side as well. (26:48–26:54)
CLAIM
Asserts that Europe restricted Chinese electric car sales to protect its industry.
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