Miscellaneous News

[chgough34]

Does BYD have substantial market share in the US or something?

Are other smuggled products insured?

No but “the Mexican cartels will jump the tariff fence with cars” is dumb, because all states mandate drivers have car insurance in order to drive.

Controlling which autos are insurable, ipso facto, controls which autos are saleable. New York State, as the world’s epicenter of bond trading, gets a global veto over the activities of auto insurers (through the Department of Financial Services; staffed by half-competent midtwits that went to Baruch and Queens), since no insurer will ever give up their fixed-income desks

 

[Overbom]

Italy flipped as well? Seems they are not 100% calling for end of tariff though

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[Randomuser]

I think everyone should just ignore. This guy is just like Taiwan 1450 on China's internet, doing hard to pretend to be from China, response to arguments they can respond, and ignore arguments they cannot defend. These 1450 people are just getting paid to do what they do, so that is just the way they are.

See, the problem with this approach is we just need 1 (one) guy to respond and we will be back to square one. You're basically asking an entire forum to somehow accommodate one user.

 

[SanWenYu]

Whoever is behind sleepy34, your bot is having a hallucination.

 

[FairAndUnbiased]

No but “the Mexican cartels will jump the tariff fence with cars” is dumb, because all states mandate drivers have car insurance in order to drive.

Controlling which autos are insurable, ipso facto, controls which autos are saleable. New York State, as the world’s epicenter of bond trading, gets a global veto over the activities of auto insurers (through the Department of Financial Services; staffed by half-competent midtwits that went to Baruch and Queens), since no insurer will ever give up their fixed-income desks

What's a midtwit? Is it a midwit?

So there's nothing to lose if that happens. BYD doesn't sell cars in the US.

It is unprecedented for a state insurance regulator to declare a specific car brand uninsurable for no technical reason. Funny enough, NY DFS has declared every single Tesla model to be "difficult to insure".

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What are Tesla sales in the US?

Specifically going after BYD would be pointless. All it would do is provide proof of US automotive uncompetitiveness and open the door to retaliation on US car brands in China, though it won't be necessary. They're getting steamrolled due to market factors alone.

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Losing western insurance also doesn't stop something from happening. See Russian oil. Dropped by all western insurance companies yet Russian oil is still moving.

 

[MortyandRick]

Yes, it all points to the fact that China’s tech lead is a very thin one that is centered around a select handful of sectors.

Same could be said for the US. The areas where the US leads and all thin, that's why they are so nervous about china.

It's not thin when China has thousands of km of real HSR and fast speed 5G while the US has none that are at the same level.

The niche high tech areas you wrote about that the US leads are not high tech barrier fields, and it's just market share. The US dare not restrict export of those niche areas because it would just mean they lose market share to other companies. Just like CNC machines, US market share is low.

This is all quite easy to reconcile
1) China is leading in a select few number of fields, causing collective outrage in DC

No. China leads in many fields. That's what's causing outrage in DC.

2) China has fast technological catch-up compared to most other countries but accumulated U.S. advantages are large and durable and in many cases, self-reinforcing

No. This type of reaction is not the reaction of a nation that has large advantages, but rather one that's waning in their power and trying to desperately hold on to the scientific advantages of their past glory but is lagging going forward.

3) and related to 1), American politics has always had a paranoid style -

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No. US always needs an enemy and scape goat to divert public attention away from their own deficiencies, or else they will have a lot of division and possibly civil war. There is already a culture war in the US. Even with labeling China as the boggyman, US is still undergoing a culture war.

That would last as long as the time it would take for the California Department of Insurance, New York Department of Financial Services and Texas Department of Insurance to jointly put out a statement saying they will not permit any of their regulated auto insurers to cover a BYD car (effectively clobbering BYD’s market since they would simultaneously be banned from selling to ~30% of the U.S. overnight and be uninsurable in 47 other states - more or less every insurer is regulated by the NYS DFS since all insurers have bond trading desks). Behind the border/non-tariff barriers to trade can just as easily be applied as a prohibitive tariff to ban trade

Only way US can win is to ban. Not good enough to compete. Figures. Can't beat them, ban them. Sound like a country with only a very thin tech advantage over others and is insecure.

 

[chgough34]

So there's nothing to lose if that happens. BYD doesn't sell cars in the US.

So it’s the status quo

It is unprecedented for a state insurance regulator to declare a specific car brand uninsurable for no technical reason.

Oh no. Unprecedented. Whatever shall anyone do. No state legislature or regulatory agency anywhere has ever broken legal ground before.

Funny enough, NY DFS has declared every single Tesla model to be "difficult to insure".

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Difficult to insure =/= “banned from insuring”

What are Tesla sales in the US?

Specifically going after BYD would be pointless. All it would do is provide proof of US automotive uncompetitiveness and open the door to retaliation on US car brands in China, though it won't be necessary. They're getting steamrolled due to market factors alone.

Okay, and? I’m just pointing out why the smuggling idea is dumb.

Losing western insurance also doesn't stop something from happening. See Russian oil. Dropped by all western insurance companies yet Russian oil is still moving.

Difference is there is no law requiring Russian oil be insured (and there were alternative insurers to be found). Drivers, however, must have insurance to drive (or they go to jail), all of whom have to find insurers allowed to sell in their states. Making BYD uninsurable all but guarantees no one will sell it and no one will buy it (since their sole purpose will be then to exist solely as a pretty metal box)

 

[FairAndUnbiased]

So it’s the status quo

Oh no. Unprecedented. Whatever shall anyone do. No state legislature or regulatory agency anywhere has ever broken legal ground before.

And it will be a costly legal battle that will be fought in the state legislature at the legislation step and courts for regulators at disproportionate cost.

Difficult to insure =/= “banned from insuring”

Like I said, unprecedented and subject to costly legal battles.

Okay, and? I’m just pointing out why the smuggling idea is dumb.

Difference is there is no law requiring Russian oil be insured (and there were alternative insurers to be found). Drivers, however, must have insurance to drive (or they go to jail), all of whom have to find insurers allowed to sell in their states.

No, the intention was to find a way to sanction Russian oil. It failed.

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And is 17% of California's population in jail?

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With a driving population of around 27 million, that means there are some 4.59 million drivers on the road who do not carry the proper amount of insurance

Making BYD uninsurable all but guarantees no one will sell it and no one will buy it (since their sole purpose will be then to exist solely as a pretty metal box)

Self insurance is legal in 11 states. All you have to do is provide evidence of funds. Now the state will have to go after individual Americans at no cost to BYD to prevent it.

And then there's the substantial portion of the population that outright doesn't have insurance.

 

[coolgod]

What's a midtwit? Is it a midwit?

So there's nothing to lose if that happens. BYD doesn't sell cars in the US.

It is unprecedented for a state insurance regulator to declare a specific car brand uninsurable for no technical reason. Funny enough, NY DFS has declared every single Tesla model to be "difficult to insure".

Please, Log in or Register to view URLs content!

What are Tesla sales in the US?

Specifically going after BYD would be pointless. All it would do is provide proof of US automotive uncompetitiveness and open the door to retaliation on US car brands in China, though it won't be necessary. They're getting steamrolled due to market factors alone.

Please, Log in or Register to view URLs content!

Losing western insurance also doesn't stop something from happening. See Russian oil. Dropped by all western insurance companies yet Russian oil is still moving.

Deluded sleepy bot believes that most Americans are law abiding citizens and all purchase auto insurance. It probably also believes that Americans always truthfully report information about their vehicles to their insurance companies and don't modify their cars in a non-legal manner.

Sleepybot34 literally thinks the New York State, as the world’s epicenter of bond trading can dictate which cars Americans can drive. That's more retarded than thinking the ATF can control which guns Americans can own or the DEA can control which drugs Americans can use. Sleepybot needs an upgrade.

FYI this is New York City two weeks ago.

https://twitter.com/i/web/status/1832525233091228059

 

[chgough34]

And it will be a costly legal battle that will be fought in the state legislature at the legislation step and courts for regulators at disproportionate cost.

No. It wouldn’t. State legislators regulating the economy are entitled to substantial deference - see Williamson v. Lee Optical Co., 348 U.S. 483 (1955); United States v. Carolene Products Company, 304 U.S. 144 (1938). The ultra vires lawsuits the federal government gets mired in simply don’t apply to state legislation since state legislatures have consistent majority political coalitions that can modify laws, unlike the Congress where laws once passed on ideological lines from transient coalitions, are frozen in time.

Any Hail Mary dormant commerce clause and/or federal affairs preemption necessarily fails as well, since the ban would apply equally to byd made in the U.S. vs any other country to which the Congress can preempt at any time (see National Pork Producers Council v. Ross, 598 U.S. 356 (2023)) and for which the federal government would write an amici supporting the states, more or less foreclosing the issue - see Faculty Senate of Florida International University v. Winn, 616 F.3d 1206 (11th Cir. 2010) - the lack of a federal amicus brief supporting the Faculty Senate created a nearly irrefutable presumption of non-preemption on behalf of Florida defendants.

And is 17% of California's population in jail?

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Simply inapplicable. The driving age population isn’t the driving population since
many people don’t drive since they are retired, they have others that drive them, they are college students, etc

Self insurance is legal in 11 states. All you have to do is provide evidence of funds. Now the state will have to go after individual Americans at no cost to BYD to prevent it.

And then there's the substantial portion of the population that outright doesn't have insurance.

If you need to argue these details on a portion of a portion of a population (uninsured motors that want to buy BYD and would stil buy them after a ton of manufactured FUD; that is such a small population that it can be entirely safely ignored as a rounding error)