China is becoming an increasingly unreliable trade partner. Preventing them from taking over more of America’s economy is prudent.
Oh yeah, because there’s still cars made in America where the workers get decent wages and working conditions …
Like, I’m sure they don’t in China either.
But what’s the difference between a Chinese oligarch who doesn’t pay American taxes and an American oligarch who doesn’t pay American taxes?
I’m sure there’s a couple besides if someone’s wealth changes GDP, but are there any that make up for all Americans getting access to affordable EVs?
This move is terrible for the average American, so some different billionaires will make more money then they can spend.
Even if you want to make the case it helps auto workers (it really doesn’t) they make up a little over 1% of Americans.
Biden is hurting 100 Americans to “help” 1, because even that US autoworker could buy the affordable EV if they were sold here
Hell, isn’t capitalism supposed to be built on the free market? If these billion dollar corporations can only exist if we ban their competition, shouldn’t capitalists be screaming to let them burn?
German industry is/was in shambles as they allowed an unreliable trade partner, Russia, to completely take over a segment in the German economy (oil & gas). When that unreliable trade partner pulled the rug in 2022, suddenly Germany is paying out the ass for LNG, reducing factory output, even on-lining coal plants to keep the lights on.
It is simply a bad idea to allow an unreliable trade partner to take over a segment in your economy.
oil & gas
Bruh.
Cars are not fossil fuels…
Like, we’re talking America here, where people who work in offices drive 100k trucks with an hour commute each way.
There is literally no way that the allowance of cheap Chinese EVs substantially hurts American automakers.
You could give them out for free with a fill up and 50% of the country still wouldn’t ride in one let alone own one.
Let’s hope they don’t retaliate with batteries
This is dumb. Americans are being ripped off by car prices and manufacturers who aren’t investing in this cheaper tech.
The Chinese cars are cheap because they’re going back to basics. Compared to any US DOT approved vehicle, they’re slow, they’re light, they don’t have any bells and whistles. Four wheels, a motor, some simple electronics, and a battery.
Ultimately, that’s all you need to get from one place to the next if you don’t need highway speeds or crash ratings…
Will high tariffs cause local manufacturers to develop their own version of cheap electric vehicles? Doubtful.
"We don’t have any competition for these Chinese EV’s so our plan is to price the American public out of buying one even though we don’t have any cheap alternative EVs in America. We are so fucked here. If we don’t vote Biden we get straight up fascism if we vote for Biden we get a continued oligarchy. Great choices guys!
Free market at work.
It’s not as if the US market is being closed with Nios and Byds.
America is having record fossil fuel production…
It’s one of the few things keeping “the economy” afloat on paper.
If Biden let Americans buy affordable Chinese EVs, that hurts the American GDP numbers in a couple ways.
Neoliberals care about GDP more than CEOs care about stock price.
