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Home News ‘Bloodbath’ Coming for American Auto Industry

‘Bloodbath’ Coming for American Auto Industry

‘Bloodbath’ Coming for American Auto Industry

( – The CEO of XPeng Motors, He Xiaopeng, believes that cheap electric cars (E.V.s) built in China will help cause a “bloodbath” against the U.S. auto industry.

The American auto industry will suffer “a bloodbath for the country” with jobs lost and industries offshored if the United States does not impose new solid tariffs on China-made electric vehicles, the former president said during his weekend campaign stop in Vandalia, Ohio.

“We’re going to put a 100 percent tariff on every single car that comes across the line and you’re not going to be able to sell those cars if I get elected,” Trump said. “Now if I don’t get elected, it’s going to be a bloodbath for the whole, that’s going to be the least of it, it’s going to be a bloodbath for the country, that’s going to be the least of it.”

Trump’s statement echoed remarks made by Xiaopeng in a letter to XPeng staff that CNBC was able to get earlier this month. Xiaopeng predicted that this year will bring “a bloodbath” for the U.S. auto industry.

Xiaopeng says China wants to take the U.S. and other Western rivals in the global E.V. market with a “brutal knockout round.”

According to CNBC:

“This year also marks the beginning of a fierce competition that may end in a ‘bloodbath’ (or as I prefer to call it, the brutal ‘knockout round’) among Chinese auto makers,” Xiaopeng wrote in the employee memo. [Emphasis added]

“XPeng has engaged in this cutthroat competition right from the outset, thus accumulating considerable experience. Our guts, grit and perseverance, I firmly believe, will lead us to victory.” [Emphasis added]

The corporate media and President Joe Biden’s presidential campaign jumped on Trump’s comments. They characterized them as a threat of political violence if he lost this year, as Breitbart News reported.

Biden campaign spokesperson James Singer stated, “This is who Donald Trump is: a loser who gets beat by over 7 million votes and then doubles down on his threats of political violence instead of appealing to a wider mainstream audience.”

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