By not aligning economically to other country's markets, US companies are in a real pickle.
Imagine you're a US car manufacturer. You see EVs growing around the world, and stagnating in the US. Do you:
(a) Double-down on investments in EVs (billions of USD!), even with a soft US market for EVs, hoping you might compete globally.
(b) Become a parochial, US-only, business hoping to squeeze what you can out of a gradually shrinking industry
When other countries subsidize consumers to buy EVs, and the US does not, it effectively creates a self-own trade barrier for domestic companies.
replies(6):