"The Biden administration is set to announce new tariffs as high as 100 percent on Chinese electric vehicles and additional import taxes on other Chinese goods, including semiconductors, as early as next week, according to people familiar with the matter."
This will help out the global fight against climate change.
Good.
Because apparently there aren't tens of thousands of other electric vehicles not selling right now.
https://www.iea.org/reports/global-ev-outlook-2024/trends-in-electric-carsalso the whole lack of charging stations anywhere is an issue
Sales would be much higher with affordable EVs.
How exactly is this a good thing?Because China bad.
also the whole lack of charging stations anywhere is an issueThere's a charging station at every house with a driveway.
Because China bad."if you can't afford a house go fuck yourself" is not a winning strategy to sell vehicles
There's a charging station at every house with a driveway.
There's a charging station at every house with a driveway.
Lol. Good f***ing Lord, man.
For folks who aren't aware, the Chinese government is currently subsidizing their domestic EV market to bring the prices down to below the manufacturing cost. They're literally undercutting all the competition by having the government make their cars cheaper than it actually cost to make. The tariffs are to keep them from flooding the market and drowning out competition.
For folks who aren't aware, the Chinese government is currently subsidizing their domestic EV market to bring the prices down to below the manufacturing cost. They're literally undercutting all the competition by having the government make their cars cheaper than it actually cost to make. The tariffs are to keep them from flooding the market and drowning out competition.Oh no, poor Tesla...maybe if they had some competition they wouldn't be such a shitty company
"if you can't afford a house go fuck yourself" is not a winning strategy to sell vehiclesHouses aren't the only places where you can find electrical outlets.
People aren't going to want random people charging their EVs at their houses. There needs to be a lot of EV charging stations build around the country. Legislation has been passed to build about 500,000 charging stations, I believe, but we still need them to be built.Sure, but there are plenty of homeowners who do most of their driving near their house for most of the year who haven't bought an EV. The charging stations will get built either way.
The actual reason for these tariffs, for those who care, is that we dont want to have critical manufacturing dependent on a current rival and potential future adversary. China is trying to destroy our manufacturing capabilities by subsidizing their own industries; its the same as when a large company lowers prices to destroy competition, then raises prices afterwards. Also, wed have less leverage to stop China from doing things like, say, invading Taiwan, if were dependent on them for keeping our infrastructure stable.Our military manufacturing capabilities are not impacted by China selling cheap EVs.
For folks who aren't aware, the Chinese government is currently subsidizing their domestic EV market to bring the prices down to below the manufacturing cost. They're literally undercutting all the competition by having the government make their cars cheaper than it actually cost to make. The tariffs are to keep them from flooding the market and drowning out competition.Is that not the selling point of globalism? Countries export what they're good at making so that they can trade for other goods they're not as proficient in making. It's not China's fault that US auto companies dragged their heels for so long on making EVs and are currently content with keeping prices ridiculously high. These tariffs will do nothing but let domestic auto companies stay complacent and continue price gouging.
So a trade war against China is good when a Democrat does it?
Musk probably smilingHis cars will still be more expensive.
His cars will still be more expensive.This helps the big auto manufacturers more than it helps Tesla right?
s that not the selling point of globalism? Countries export what they're good at making so that they can trade for other goods they're not as proficient in making. It's not China's fault that US auto companies dragged their heels for so long on making EVs and are currently content with keeping prices ridiculously high. These tariffs will do nothing but let domestic auto companies stay complacent and continue price gouging.
How exactly is this a good thing?
There's a significant difference between countries specializing in different things and a country cheating the system by using tax money to artificially deflate the cost of what they're producing until there's nobody else left on the planet that can afford to compete.Subsidies aren't cheating the system, it's called putting your resources towards your specializations. All governments subsidize their industries (yes, including the US). It's like you're complaining that farmer 1 is cheating by buying more tomato seeds and tomatoes happen to be in far more demand currently than the corn that farmer 2 put more money into. The US also subsidizes their auto industry, it's just that the US auto industry would rather spend that money on fatter executive bonuses and stock buybacks, and they'd rather focus on large-ass gas guzzlers and keeping prices high.
What you're talking about is two farmers growing different things and trading produce at the end of the harvest. What China is doing is more like one farmer growing the same produce as the second, but then selling them at half price until the other farmer shuts down and then turning around and charging whatever the hell he wants because there's nobody else growing what he grows.
https://twitter.com/POTUS/status/1790385220983677016?t=Gc6ouAnRf9-06iY09CVOtg&s=19
This is inflationary
https://twitter.com/POTUS/status/1790385220983677016?t=Gc6ouAnRf9-06iY09CVOtg&s=19
This is inflationary
So is building out infrastructure, which is what the two big Biden bills do. What happened in the 70s when the Boomers came into their own careers is going to happen to us too very soon. We're just starting to see the initial effects of it.
Shit's gonna suck for awhile.
Lol wut, at least he gets straight to the pointAmerican voters have shown that they hate inflation, regardless of the reason. They would rather have high unemployment and low inflation than low unemployment and high inflation. These past 4 years have only made that clear from both the left and the right and the moderates.
Trump doing this is what caused inflation. That and war stuff in Ukraine disrupting supply.
America has relied in China for a long time for cheap labor and products. Are they going to produce this stuff in the Us?
So a trade war against China is good when a Democrat does it? Biden didn't even repel most of the tariffs from Trump's trade war which was largely condemned back in the day.
https://www.scmp.com/economy/china-economy/article/3196821/trade-war-tariffs-have-collapsed-us-imports-chinese-it-hardware-and-consumer-electronics
https://www.ft.com/content/fb775a22-eaa5-44b4-8643-16c3f40a5d02
The most likely outcome of this feels like Americans buying gas-powered vehicles instead
I thought that was one of the best things Trump did imo
The most likely outcome of this feels like Americans buying gas-powered vehicles instead
Best case is probably if this forces China to build companies in countries like Mexico and then ship them to the US from Mexico in order to avoid the tariffs. This at least allows some of these manufacturing businesses to not be based in ChinaHow does that improve anything? Regardless, I've heard that the US is thinking of ways to block China from going the Mexico route, though I'm not sure if that runs afoul of NAFTA (or whatever the fuck dumb trump renamed it).
How does that improve anything? Regardless, I've heard that the US is thinking of ways to block China from going the Mexico route, though I'm not sure if that runs afoul of NAFTA (or whatever the fuck dumb trump renamed it).