Quote from: RE on May 11, 2024, 07:21 PMIf you can't beat 'em, tax 'em. Motto of the capitalists who can't compete.
The Chinese have so thoroughly out performed FSoA based EV manufacturers that they have persuaded the Goobermint they despise for regulating them to protect them by now raising Tariffs on imports to...get this... 100%!!! I take back what I said earlier that Chinese EVs were a better buy with the "ridiculous" tariffs, which at the time were ridiculous at 25%. Now however they have jacked it way past ridiculous to Protectionism on Steroids at 100%.
This will effectively make Chinese EVs impossible to buy here, but it will also kill any sale of FSoA EVs to China, since they will most certainly retaliate in kind. It also means FSoA EVs won't sell anywhere else in the world because Chinese EVs will be so much cheaper nobody will buy them.
If I were the CCP, I would also retaliate with tariffs on exports of chips and other parts used for the manufacture of FSoA EVs to 100%. This has the makings of a major trade war, which just about always evolves into the more lively kind of war.
This is failure on the grand scale technologically speaking. Sure, the Chiinese play fast and loose with environmental regulations and they pay slave wages to their workers, but that has been true in every industry and until now was embraced by FSoA capitalists as a way to improve their profits by moving their manufacturing to China. Now that Chinese companies are making the profits, all of a sudden it's unfair. Talk about hypocrisy.
It also pretty much dooms the FSoA EV industry, since there aren't enough people with enough money to buy expensive EVs currently manufactured here.
After a brief vacation with some Hopium, today our future survival prognosis has dipped back again down to the 99% dieoff range.
https://www.nbcnews.com/politics/white-house/biden-plans-raise-tariffs-electric-vehicles-china-rcna151748
https://www.ft.com/content/9b79b340-50e0-4813-8ed2-42a30e544e58
US set to impose 100% tariff on Chinese electric vehicle imports
RE
Quote"We don't think the playing field is level," Yellen responded. "And we think China is massively subsidizing investment in this set of industries that they have targeted as critical to their growth prospects."
The bitch thinks it is a game. She thinks some people have a right to force other people to buy from them? That these same born to wear a suit people have a right to profit from exploiting others (you and me) without working themselves?
Strange indeed. I always thought the rules of capitalism were that if you can't compete you go out of business. Is there a thing called too rich to fail? Must be. Don't people like Yellen usually claim competition keeps capitalism fair? The take away seems to be that protecting dynastic suit wearing wealth is more important than competition.
Playing field really? Who gets to play? Is it my turn yet? What do you mean I don't get to play? Who gets to play then?
If an American owned company were using a Chinese factory everything would be hunky dory. But liberal free-market globalism isn't what it used to be so it seems. The Chinese are supposed to be slave workers not owners. It seems the plan of Rich American Useless Eaters had a few holes. It was not thought out too well. Given time the other foot would try on the shoe. Apparently the American MOFOs who set up the current free trade arrangement expected the next generation to reap the consequences of the shoe moving to the other foot, not them. Surprise surprise.
If it is a game, why didn't America subsidize electric cars. Or do we have arbitrary rules. Nobody asked me if I wanted to play Yellen's game. Regarding a tariff, the only issue should be are the Chinese auto workers getting a fair wage. And there is no Yellen about that, and there never will be!