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Cake day: January 29th, 2025

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  • Did coerced labour build your car? – [May 2025]

    […] The UK is the largest European market for Chinese cars, say analysts. One in ten cars imported is now from China. Mike Hawes, chief executive of the Society of Motor Manufacturers and Traders, has said that the Chinese market share for EVs is even higher: accounting for China-built cars, like Teslas, roughly one third of all EVs on UK roads are Chinese.

    The UK government has signalled that it won’t levy tariffs on China’s EVs — as the US and EU are doing – a decision that was warmly welcomed by BYD. That means Britain has become “a safe haven market for Chinese manufacturers”, said Schmidt. The government’s energy strategy includes significant commitments on pushing EVs, which it sees as “a crucial step towards achieving the UK’s net zero target”. In early 2025, BYD urged EU lawmakers to “copy the UK”.

    Last month, the chancellor Rachel Reeves said she would be happy to ride in a Chinese-made EV. But concerns over forced labour were highlighted later that month when the government said that legislation creating a new state-owned energy company would specify a slavery-free supply chain for its solar panels, largely due to concerns over Xinjiang.

    “The UK is increasingly a major dumping ground for products made with forced labor,” said Chloe Cranston at Anti-Slavery International, the world’s oldest international human rights organisation. Seen a decade ago as at the forefront of legislation to tackle modern slavery, the UK’s approach is now widely seen as obsolete.

    “We need new laws which hold companies accountable for failing to take meaningful steps, and which ban the import of products made with forced labour,” Cranston added […]


















  • I don’t know what individual investors will do as it’s hard to pigeonhole, but the ones in Elon Musk’s and Donald Trump’s immediate environment are already benefiting, and there is much reason that this will go on. Musk’s DOGE was not (only) about firing public employees but rather placing the ‘right’ people in positions. In many of the U.S. agencies - such as the Consumer Financial Protection Bureau, the Treasury Department, the Department of Defense - there is now at least one person who has work for or has close ties to Musk, Peter Thiel, Palmer Luckey, and other tech entrepreneurs close to the Trump circles.

    After supporting Donald Trump’s first election campaign, Anduril Technologies founder Palmer Luckey was fired from Facebook. Now Mr. Luckey is back teaming up with Meta to build XR for the American Military. Peter Thiel’s Palantir has signed a $30 million contract with the U.S. Immigration and Customs Enforcement (ICE) to build a new surveillance system called ImmigrationOS. Elon Musk’s SpaceX was awarded a $5.9 billion contract from the U.S. Space Force to launch Pentagon missions.

    Musk spent $290 million for Trump’s presidential campaign, Luckey gave $400,000. Thiel is said to have donated $1.5 million in Trumps 2016 campaign, but also has close ties to the Vice President as Thiel funded JD Vance’s campaign when he ran for governor of Ohio.

    You will easily find many sources regarding other tech billionaires.

    So it is absolutely possible that a lot of money will go from the U.S. to Europe in the foreseeable future, but Trump’s inner circle benefits most. They don’t appear to have reason to regret anything imho.

    [Edit typo.]