Quote:
Originally Posted by Sprintey
But here's the thing: globalisation has peaked and is in retreat. The peak moment was probably the Trump tariffs on China. Currently, Chinese output has ground to a halt and free travel is looking increasingly sketchy. Capital, then manufacturing is being either relocated or moved back to the US. The UK declared its auto industry worth protecting in 2010, and will keep it as it expands into defence and space. Those countries enjoying free access of globalisation are getting hit with tariffs - and tweets revealing how naughty they have been. The wind has shifted and a smart approach would be to bet the other way with electric coming on fast, providing a foot in the door at the entry level.
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The difference is, Australia isn't shutting down it's auto industry. It never really had one. Nothing Australia does can stop an offshore brand pulling out if that's what it wants to do. We are unique in that we are an island. Like I said earlier, what other countries like us have their own auto manufacturing?