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Job losses at Europe’s car parts suppliers soar as vehicle market slows (www.ft.com)

submitted 1 week ago by schizoidman@lemm.ee to c/news

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cross-posted from: https://lemm.ee/post/51751381

https://archive.is/dzVZw

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[–] JCPhoenix 5 points 1 week ago

Wonder when we'll see US-style tariffs in Europe on Chinese vehicles, particularly EVs. In the name of protecting European jobs and auto marketshare. Which would be unfortunate, given the need to move to EVs to mitigate climate change. As an American, I would've loved to have a $20k Chinese EV. I don't think there are ICE vehicles in the US that cheap these days.

But I also get the jobs issue, too. I think much of the West is in the situation we're in because of offshoring of jobs and competition from cheaper labor overseas. Loss of jobs, income, ability to support family, etc.

Curious to see how this plays out.