'Unlevel Playing Field:' Former Ford CEO Mark Fields Calls For Short-Term Ban On Chinese Rivals To Aid US Automakers
Portfolio Pulse from Shanthi Rexaline
Former Ford CEO Mark Fields advocates for a short-term ban on Chinese automakers entering the U.S. market, citing unfair advantages due to government incentives. He suggests this measure to protect U.S. automakers, particularly the Detroit Big Three, from the economic impact similar to past industries like aluminum and steel. Fields' views echo broader concerns about the U.S. auto industry's survival against Chinese competition. The KraneShares Electric Vehicles and Future Mobility Index ETF (KARS) recently saw a decrease in value.
February 29, 2024 | 9:26 am
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The KraneShares Electric Vehicles and Future Mobility Index ETF (KARS) experienced a recent decrease in value, potentially influenced by the broader debate on Chinese automakers' entry into the U.S. market.
The recent decrease in KARS' value could be attributed to the ongoing debate and concerns over Chinese automakers entering the U.S. market, as highlighted by former Ford CEO Mark Fields. The discussion around potential regulatory changes and market dynamics may have contributed to investor uncertainty, impacting KARS' performance.
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