Does BYD have substantial market share in the US or something?
Are other smuggled products insured?
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- Thread starter bd popeye
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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
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.
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".
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.
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.
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.
No. China leads in many fields. That's what's causing outrage in DC.
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.
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.
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.
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.
Difficult to insure =/= “banned from insuring”
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. 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)
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.
Like I said, unprecedented and subject to costly legal battles.
No, the intention was to find a way to sanction Russian oil. It failed.
And is 17% of California's population in jail?
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.
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.
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