What Biden’s tariffs on Chinese EVs and other products mean for U.S. consumers, jobs

7 comments

1. Higher prices, fewer jobs. Who, besides every economist ever, could see that coming??

2. There’s no doubt that the Chinese government is subsidizing the electric car market in China. There are dozens of manufacturers and only BYD makes a profit.

   Every country has tariffs on cars, because of the money they bring into the economy. Is it better to have all those people employed or have no tariffs and let all other Americans buy $12,000 electric cars?

   The correct answer is that the US should not have tariffs, but there are so many things wrong with our economy that it would be political suicide to allow this to happen.

3. Tesla will be very grateful they won’t need to increase quality or lower prices.

4. [Richard Wolff provides a more detailed examination of Tariffs.](https://www.youtube.com/watch?v=mLKVPQg_rzw&amp😉

   Patnaik works for Brookings. [Look over the contributors.](https://www.brookings.edu/wp-content/uploads/2020/04/The-Brookings-Institutions-Contributors-List-Fiscal-Year-2020.pdf)

   Wolff explains that what we have here is one group of Oligarchs competing with another group of Oligarchs to bribe Congress to get their way.

   Wolff goes into detail on the tariff on EVs and explains that this will make American Industry less competitive in the international market. He also points out what Patnaik says about negative affects just inside the USA because you, as a tax payer (a tariff is a tax), are having to support the wages of some guy who works for the auto industry.

   Recently, Ford announced it is going to make Hybrid vehicles and [abandon, or at least postpone, EVs.](https://www.theverge.com/2023/10/26/23934172/ford-12-billion-ev-investment-postpone-q3-earnings)

   Why would they do this? Because of the oil companies.

   The American car industry cannot compete with China. [The “Inside China Business” youTube channel has at least one video a day showing how America can’t compete anywhere.](https://www.youtube.com/@Inside_China_Business) This is what is leading to the Multipolar world that will split into the BRICS and the G7. The G7 is destined to lose.

   The American Oligarchy knows it is losing and many being Zionist-gangsters, have no original thoughts on how to not lose other than declaration of war. Thus war in Ukraine; war in Israel, and a coming war with China.

5. The US doesn’t even want to compete. Its massively bloated healthcare burden is a big part of it, bloated housing costs are a close second uncompetitive feature the men leading the country cannot deal with.

6. The US has always not let in cars from another country without a deal. In the 70s80s Japan had quotas then eventually Japan made some big concessions on how it ran its currency.

   Korea had to make big concessions in the 2000s. Mostly around US investments.

   For China to say cars are like washing machines let them in without a new deal is disingenuous..

   It is true that if all countries just let everything in all are better off but I am ok with Biden trying to get a trade or investment concession out of China.

   However, because 3/5 swing states are auto dependent the 80% of American who would benefit need to advocate for letting the cars in.

   Access to selling cars in the US is important to China they will make a deal. Currency and investment issues exist in China like they existed in japan and korea.

7. So if we do tariffs to protect Unions to pander for votes that’s ok but if we do tariffs on cheap crap that is sold at Walmart that’s bad.