White House levy to protect US makers from cheap imports likely to inflame trade tensions
The US president, Joe Biden, has announced a 100% tariff on Chinese-made electric vehicles as part of a package of measures designed to protect US manufacturers from cheap imports.
In a move that is likely to inflame trade tensions between the world’s two biggest economies, the White House said it was imposing more stringent curbs on Chinese goods worth $18bn.
Sources said the move followed a four-year review and was a preventive measure designed to stop cheap subsidised Chinese goods flooding the US market and stifling the growth of the American green technology sector.
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Despite the risks of retaliation from Beijing, Biden said the increased levies were a proportionate response to China’s overcapacity in the EV sector. Sources said China was producing 30m EVs a year but could sell only 22-23m domestically.
Because that’s all they can AFFORD due to gigantic corporations colluding to make housing, food, healthcare, medicine, and yes, cars artificially expensive.
You’re acting like poverty is an irresponsible choice by the consumers rather than the inevitable effect of extreme corporate profiteering allowed because the politicians are receiving bribes.
And yes, the president formerly known as The Senator from MBNA is very much one of those corrupt politicians.
[Citation needed]
That’s exactly what this ridiculously high tariff does: it removes competition so that American carmakers won’t have to lower their ridiculously high prices.
Yeah, because being beholden to the notoriously corrupt and abusive big US automakers and paying more for the privilege is MUCH better! 🙄
Is what I think every time party robots such as yourself who rightly castigated Trump for his harmful trade war with China but are now cheering on Biden doing the same with many of the same justifications.
Burning Man called. They want their colossal strawman back.
What people are being forced to buy expensive new cars? I make decent money and always buy used because it’s a much better value.
I’ve done nothing of the sort. You’re advocating for a bunch of US manufacturing workers to get laid off because you want to buy a new car for an unreasonably low price.
Are you joking? This is the entire topic of discussion.
How does this remove competition? What it removes is the effects of unsustainable subsidies that artificially reduce the price of these cars. They’re free to compete with the rest of the industry on a level playing field.
In what way are we beholden to US automakers (Ford, GM, and Tesla)? What a ridiculous statement. Have you never been car shopping before? There’s a lot more brands for sale here than those three.
So this is about party politics now? I think Biden and Trump are both pieces of shit. You can dig through my comment history if you don’t believe me.
You must not have read through the comments here. Half of them are saying we’re all doomed if we can’t get our hands on these cheap new cars.