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Biden Set To Levy 100% Tariffs On Chinese EVs This Week
222 sats \ 5 comments \ @0xbitcoiner 13 May 2024 econ
Both the US and EU are deeply concerned about heavily subsidized Chinese OEMs.
https://m.stacker.news/30768
President Joe Biden is expected to levy new 100 percent tariffs targeted at specific Chinese industries, including electric vehicles, on Tuesday. The announcement follows growing calls from automakers, unions, and bipartisan efforts in Congress to address the problem of China unfairly subsidizing its own industries to undermine foreign competitors.
  • Why are Chinese EVs so cheap?
  • What’s everyone doing about it?

... read more at arstechnica.com

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111 sats \ 4 replies \ @Undisciplined 13 May 2024
Which is that more consistent with?
  1. The ruling class really cares about climate change and wants people to buy electric vehicles.
  2. This whole thing is a big scam to enrich politically connected cronies.
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69 sats \ 3 replies \ @0xbitcoiner OP 13 May 2024
I can't say whether this is a positive or negative development, but it seems to be an attempt to safeguard the interests of American electric vehicle manufacturers. While I can't confirm any political connections, it's certainly a possibility worth considering.
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74 sats \ 2 replies \ @Undisciplined 13 May 2024
That's totally fair.
I'm not asserting a motivation, but if they really believed EV's would help us solve the "Climate Emergency", then you'd expect them to cheer when China makes more affordable EV's.
If this is a crony scam, then you'd expect them to protect domestic manufacturer profits above all else.
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42 sats \ 1 reply \ @riberet19 12 Jun 2024
It has never been about the climate, it was about their own interests and undermining our rights and opportunities. The climate is just another trap to reduce our power, if we have much of that left.
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10 sats \ 0 replies \ @Undisciplined 12 Jun 2024
The issue is never the issue. The issue is always the revolution.
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