Don't forget, GM, Ford, Toyota, Honda and probably every other auto company in the US has joint ventures with China.
“Ford CEO Jim Farley has proposed that Chinese automakers should only be allowed to manufacture and sell cars in the United States if they form joint ventures where American automakers hold the controlling stakes and receive their technology.Farley's Proposal and RationaleJoint Venture Requirement: Farley has pitched to U.S. government officials that Chinese carmakers should be required to partner with American brands.Majority Control: Under this plan, the U.S. company would hold the controlling stake, meaning they would retain operational control and share in the profits.Technology Transfer: The core idea is to require Chinese companies to share their electric vehicle (EV) technology and manufacturing methods with U.S. automakers to gain market access.Historical Precedent: This is a direct reversal of the strategy China used decades ago, when they forced Western automakers to partner with local Chinese companies to access the Chinese market.”
Hit ‘em with the reverse UNO card.
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Going to tear down the Glass House. 😢 (SOM…love me some mid-century mod)
https://www.bing.com/search?q=ford+...mp;FORM=QBRE&sp=1&ghc=1&lq=0
