The Biden administration is suggesting the possibility that new penalties could be put in place if the Chinese makers of electric vehicles try to move their production to Mexico to avoid newly announced import taxes.
If we were protecting American EVs, I could understand the tarrifs. China is undoubtedly manipulating the market and abusing their workers to price out the competition the way Walmart, Target, Best Buy, Amazon, Google, Subway, and so many other great American companies have done.
But there are no cheap American EVs. These tariffs are designed to protect cheap American gasoline cars, and the American oil and gas industry.
If we were protecting American EVs, I could understand the tarrifs. China is undoubtedly manipulating the market and abusing their workers to price out the competition the way Walmart, Target, Best Buy, Amazon, Google, Subway, and so many other great American companies have done.
But there are no cheap American EVs. These tariffs are designed to protect cheap American gasoline cars, and the American oil and gas industry.
Indeed. China is beating the US at its own game, only it’s the climate that benefits, not American shareholders.