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Items tagged with: tariffs
Biden's tariffs on Chinese imports are understandable politically. Sadly, they pit workers against middle-class consumers and against the planet.
There's a better way to accomplish just the same goals — and it aligns politics, industrial policy, and climate coals:
#climate #EVs #tariffs #economics #USpolitics
Too much criticism of #Biden's #EV #tariffs ignoring basic facts about #China & #BYD
A reminder about why #Chinese #electric vehicles are so cheap - more than mere "innovation"
- non-existent labor protections, & no real labor unions in Chinese factories = cheap workforce (unlike unionized Detroit)
- minimal lacking sourcing standards for raw materials = widespread supply chain #humanrights & #environmental abuses
- massive subsidies & domestic market protectionism