Automotive Industry
The automotive industry includes all companies and activities involved in the production of motor vehicles, including the majority of components such as engines and bodywork but omitting tyres, batteries, and fuel.
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a) Anti-dumping legislation will prohibit unfair competition:
For selling cars in the country, foreign corporations employ the dumping method. As a result, the United States should enact anti-dumping legislation to prevent unfair competition in its market. As a result, the price of foreign cars will rise, reducing demand for foreign cars in the United States.
b). Protection can aid the development of new enterprises:
To prevent foreign businesses from selling their hybrid electric automobiles at low prices in the US, the US should levy a substantial tax on these international electric vehicles. As a result, protection can aid in the development of infant industries and encourage the production and distribution of small scale industries in the market.
c) Job losses can result from foreign competition:
When an economy consumes a lot of imported goods, indigenous firms face stiff competition. Domestic manufacturers' products will be less in demand, resulting in reduced production, which will harm the manufacturer and, as a result, job losses and mass unemployment.
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