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‘Bloodbath’ Coming for American Auto Industry

He Xiaopeng, CEO of XPeng Motors, predicts a “disaster” for the U.S. auto industry with the help of cheap Chinese electric vehicles (EVs).

Last weekend, while campaigning in Andalia, Ohio, former President Donald Trump said that without steep new U.S. tariffs on Chinese-made EVs, the U.S. auto industry would lose jobs, move industry offshore, and “become a national He warned that the country would face a “catastrophe”. .

“I’m going to impose a 100% tariff on every car that crosses the border. If I’m elected, you won’t be able to sell those cars,” Trump said. “If I don’t get elected, it’s going to be a bloodbath for the whole thing, it’s going to be a minimum, it’s going to be a bloodbath for the country, it’s going to be a minimum Let’s go.”

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Trump’s remarks echoed comments made by Xiaopeng in a letter to XPeng employees obtained by CNBC last month. Xiaopeng suggested that a “disaster” will befall the American auto industry this year.

Xiaopeng said China is trying to unleash a “brutal knockout round” on Western competitors, including the United States, in the global EV market.

CNBC report:

“This year again, A fierce competition that can end in “bloodshed” (or as I like to call it, a brutal “knockout round”) among Chinese automakers,” Xiaopeng wrote in an employee memo. [Emphasis added]

“XPeng has participated in this fierce competition since the beginning and has accumulated considerable experience. I strongly believe that our grit, perseverance and perseverance will lead us to victory. ” [Emphasis added]

He Xiaopeng, chairman and CEO of Chinese electric vehicle manufacturer Xpeng, speaks at a press conference to announce the next generation technology architecture SEPA2.0 in Shanghai, China on April 16, 2023. (VCG/VCG via Getty Images)

As Breitbart News reported, corporate media and President Joe Biden’s campaign were quick to pounce on President Trump’s remarks, warning of political violence if Trump does not win this year’s election. characterized as.

Biden campaign press secretary James Singer said: “This is who Donald Trump is: a loser who lost by more than 7 million votes, but instead of appealing to a broader mainstream audience, he doubles down on threats of political violence.” Let them do it,” he said.

Watch — Fake News Freakout! Left-wing media hoaxes about President Trump’s “bloody” comments… What did Trump actually say?:

“[Trump] The president wants another January 6th, but the American people continue to reject his extremism, love of violence, and thirst for revenge, giving him another defeat in this November’s election. “I will give,” he continued.

John Binder is a reporter for Breitbart News. Please email jbinder@breitbart.com. Follow him on Twitter here.

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