- the implicit bargain that the Trump admin is offering US firms seems to be: give up on your competitiveness abroad in exchange for an unconstrained monopoly at home, provided you heap praise and treasure upon the ruling clique
- US government's policy toward the Big 3 automakers—encouraging them to invest in massive, US-only SUVs & trucks, now encouraging them to underinvest in EVs—has reinforced their global irrelevance. Ford sold 33% fewer vehicles worldwide in 2024 than 2015! GM sold 40% fewer vehicles!
