Biden hikes tariffs on Chinese EVs, solar cells, steel, aluminum — and snipes at Trump

[PAF]

Biden hikes tariffs on Chinese EVs, solar cells, steel, aluminum — and snipes at Trump

Yep. Trump, Biden, long-lost Twins.

WASHINGTON (AP)
May 14, 2024


President Joe Biden slapped major new tariffs on Chinese electric vehicles, advanced batteries, solar cells, steel, aluminum and medical equipment on Tuesday, taking potshots at Donald Trump along the way as he embraced a strategy that’s increasing friction between the world’s two largest economies.
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The tariffs come in the middle of a heated campaign between Biden and Trump, his Republican predecessor, to show who’s tougher on China.
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Full article [but who really cares, we really don't have a free-market economy]:

https://apnews.com/article/biden-ch...es-evs-solar-2024ba735c47e04a50898a88425c5e2c
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[Occam's Banana]

Yep. Trump, Biden, long-lost Twins.

And RFK Jr. makes three.

THREAD: RFK Jr. Champions Economic Populism: Protect American Workers with Tariffs

Things like "green" "net-zero" (or even worse, "absolute zero") fatwas, increasingly insane regulatory burdens, incentive-killing taxes, resource-diverting subsidies, and cost-plus government (especially military) contracting - to name just a few such factors - have been far, far more damaging to American manufactury than cheap, low-quality knock-offs and plastic gewgaws from places like China could ever hope to be.

Tariffs are just a particular kind of tax. Nothing more, nothing less, and nothing else. They have no magical properties that somehow exempt them from the consequences of being taxes. An economy can no more be tariffed into general prosperity than it can be taxed into it - and general prosperity can no more be protected by higher tariffs than it can be protected by increasing taxes.

"It wasn't competition ..."

https://twitter.com/RickMcCargar/status/1663037159194984449

 

[Occam's Banana]

https://twitter.com/BobMurphyEcon/status/1790481280787775617

 

[CCTelander]

Socialists gonna socialize.

 

[Anti Federalist]

More election year pandering.

I support tariffs, but they have to be bonded with tax relief, tort relief, debt relief/sound money and regulatory relief.

 

[PAF]

More election year pandering.

I support tariffs, but they have to be bonded with tax relief, tort relief, debt relief/sound money and regulatory relief.

You “I don’t mind paying taxes for government” you.

 

[Anti Federalist]

You “I don’t mind paying taxes for government” you.

How would you pay for it?

It's constitutional because it has the lowest impact.

It's beneficial, because it provides incentives to create, manufacture and produce high value labor here, for our communities.

 

[PAF]

How would you pay for it?

Me personally? I’d let it starve.

It's constitutional because it has the lowest impact.

Oh. One of those. Because somebody wrote it down on a piece of paper and signed it, even though you or I didn’t. [places hand over heart even though wings weren’t involved.]

It's beneficial, because it provides incentives to create, manufacture and produce high value labor here, for our communities.

Every time I hear that word incentive… What incentive do preppers need? What incentive did Keith Black need? What incentive do I need?

 

[PAF]

[MENTION=3169]Anti Federalist[/MENTION]

What incentive do you need? To go to the East Coast Sturgus this year

 

[Anti Federalist]

Me personally? I’d let it starve.

Well, brother, we need to talk.

In the other thread, you said that, in your ideal world there would still be juries, and cops, and courts and judges and jails to deal with extreme malcontents like murderers.

How are you paying for that?

Oh. One of those. Because somebody wrote it down on a piece of paper and signed it, even though you or I didn’t. [places hand over heart even though wings weren’t involved.

Isn't the Bill of Rights part of that goddamn piece of paper, to paraphrase Shrub?

Every time I hear that word incentive… What incentive do preppers need? What incentive did Keith Black need? What incentive do I need?

You also said, in another thread, that your grandfather built your town's first electric plant.

My great grandfather was the head of the Bell Labs research team that invented the first automated switching networks for telephones.

Why should our sons be relegated to being "Employee of the Month" at the Dollar Store, because it has become impossible to create and build and innovate in our own home, because there is no incentive to do so?

[MENTION=849]jmdrake[/MENTION] That is the sort of "investment" we need.

 

[Anti Federalist]

[MENTION=3169]Anti Federalist[/MENTION]

What incentive do you need? To go to the East Coast Sturgus this year

I have an open guest room.

101 Annual Laconia NH Bike Week.

 

[Swordsmyth]

More election year pandering.

I support tariffs, but they have to be bonded with tax relief, tort relief, debt relief/sound money and regulatory relief.

Biden's tariffs are designed to let China build factories in Mexico and destroy our industries from there, they are already working on it.

 

[CaptUSA]

Biden's tariffs are designed to let China build factories in Mexico and destroy our industries from there, they are already working on it.

If your tariffs require competent politicians to create and competent bureaucrats to administer so they don't "destroy your industries", then maybe they're not such a bright idea after all.

 

[acptulsa]

If your tariffs require competent politicians to create and competent bureaucrats to administer so they don't "destroy your industries", then maybe they're not such a bright idea after all.

They have two things in common with every liberal who ever lived. One is an enduring faith that if we just pick the right guy to put in charge, he'll fix everything. The other is a complete and everlasting inability to pick the right guy.

 

[Madison320]

Biden's tariffs are designed to let China build factories in Mexico and destroy our industries from there, they are already working on it.

Ha! Ha! I was wondering of you'd post to this topic. So Trump's tariffs are good and Biden's are bad? You are so Zippy.

 

[CCTelander]

Biden's tariffs are designed to let China build factories in Mexico and destroy our industries from there, they are already working on it.

 

[Swordsmyth]

If your tariffs require competent politicians to create and competent bureaucrats to administer so they don't "destroy your industries", then maybe they're not such a bright idea after all.

It doesn't take extremely competent people, just people who aren't traitors in the pay of the enemy.
And Biden's tariffs won't destroy any industry, they are just crafted to continue to allow China to.

Tariffs are the only way to stop foreign enemies from destroying your industries, your economy, your independence, and then your liberty.

 

[Swordsmyth]

Ha! Ha! I was wondering of you'd post to this topic. So Trump's tariffs are good and Biden's are bad? You are so Zippy.

Trump's are good, Biden's would be good if they didn't have deliberate loopholes that make them not real.

 

[acptulsa]

Trump's are good, Biden's would be good if they didn't have deliberate loopholes that make them not real.

Gee, I haven't seen any details about either published anywhere yet. Where are you finding the sort of reliable, detailed information a person needs to make a determination like that? Care to share the links? Or is this someone else opinion and you're parroting it?

 

[Swordsmyth]

Gee, I haven't seen any details about either published anywhere yet. Where are you finding the sort of reliable, detailed information a person needs to make a determination like that? Care to share the links? Or is this someone else opinion and you're parroting it?

BlackRock investment firm writes the regulatory and economic policy for Joe Biden’s administration. That’s the quid-pro-quo that maintains the Biden political financial operation. All of DC know it. No one does not know. The ones who claim they do not know about it are all pretending. Republicans take the background BlackRock bribes and pretend.
BlackRock positioned massive investment assets inside Chinese auto manufacturers, MG, BYD, and Chery. The three Chinese companies are in the process of moving North American auto manufacturing to Mexico, specifically to make EVs. The Chinese EVs made in Mexico will come into the U.S market tariff free under the USMCA trade agreement. China and BlackRock will make billions.
Today, Joe Biden announced a series of tariffs against China in the EV industry. [SEE HERE] The Chinese EVs are not being made in China. The tariff regime is a farce – a total joke.

Biden might as well be announcing tariffs on Chinese swimming pools flown into the USA via hot air balloon. There will be more Chinese swimming pools delivered from China than Chinese EVs. The Chinese EVs come from Mexico. The tariff is fake.
WHITE HOUSE […] To further encourage China to eliminate the acts, policies, and practices at issue – and to counteract the burden or restriction of these acts, policies, and practices – the Trade Representative shall modify the two actions to increase section 301 ad valorem rates of duty for the following products from China:

• • Battery parts (non-lithium-ion batteries): Increase rate to 25 percent in 2024
  • Electric vehicles: Increase rate to 100 percent in 2024
  • Lithium-ion electrical vehicle batteries: Increase rate to 25 percent in 2024
  • Lithium-ion non-electrical vehicle batteries: Increase rate to 25 percent in 2026
  • Natural graphite: Increase rate to 25 percent in 2026
  • Other critical minerals: Increase rate to 25 percent in 2024 (read more)

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None of this stuff is coming from China. It is all coming from Mexico via transnational shipping and Chinese manufacturing in Mexico. [Check Date]

On the EV issue, this tariff approach is politically duplicitous by Biden against the backdrop of massive investment in Mexico by the three largest Chinese EV automakers. Last December, the three Chinese auto manufacturers, MG, BYD, and Chery, announced they were going to spend billions building new EV manufacturing plants in Mexico. Each Chinese auto manufacturer was going to spend between $1.5 to $2.0 billion.
Those Mexican built Chinese EVs would pass into the USA market under current USMCA trade rules and regulations, as long as they technically meet the material origination rules. This can make tariffs against the Chinese imported EVs a moot point, because China will be making them in Mexico (North American trade agreement).
One of the reasons President Trump said the U.S. auto industry would suffer a “bloodbath,” is specifically because the current Chinese auto companies are targeting these EVs in the $10,000 or less range. If you want to see what it looks like when cheap Chinese EVs start to flood a consumer market, visit Russia – the Western sanctions have only increased this flow. I can see it clear as day.
China plans to pump out thousands of cheap, what I would consider semi-disposable, electric cars into the USA market. That’s why they have invested so heavily in Mexico. Keep in mind, BlackRock (a Biden benefactor investment firm) is enmeshed with this Chinese move.
This tariff claim, by the Biden administration on “import Chinese EVs”, is optics only for political benefit. Whereas, the 100% tariffs proposed by Donald Trump specifically target Chinese EVs made in Mexico.

More at: https://theconservativetreehouse.co...m-non-existent-origination-country-heres-why/