They can simply say they don’t subsidize their manufacturing and operate profitably at those prices.

Just saying something doesn’t make it work unless there are legal things that back up the position. And in foreign trade, that means tariffs… which economists have been screaming about (for decades) having negative ramifications that ripple through the economy.

I agree it’s a bad first step. I’d keep trying idea on the table, but I’d start by working with the European car manufacturers to create huge tariffs on those cars. Make it impossible for them to be sold at those prices in Western markets