Wolff Responds: Biden's Protectionism, New Tariffs Takes Aim At China (May 15, 2024)

Today's "Wolff Responds", Professor Richard Wolff offers his thoughts on President Biden's new tariffs on China's electric vehicles and more.
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[@George-k6o9t]

What is so laughable is that there is only 1% of Chinese EVs in the U.S. and a few of those are low-cost, small light trucks privately imported for use in small farms. The 100% tariff on Chinese EVs is like trying to impose 100% of taxes on nothing which gives you nothing for a start. The second point is that China doesn't end up paying the tariffs but Americans do. So, the tariff is really a tax on Americans - a form of punishment on any American who dare buy a Chinese EV (or photovoltaic panel).

[@ltbriar1]

I was amused by Katherine Tai’s warning about Chinese EV’s attempt to take Mexico as viaduct into US, as if US were the last market on earth! 😂

[@armamentarmedarm1699]

The idea is to keep it near zero. That ould be good if we had a plan for improving American competitiveness, but unfortunately the parasites that make us uncompetitive are the ones making the decisions

[@fannyalbi9040]

@@ltbriar1she is taiwanese background?

[@billshun3963]

@@fannyalbi9040exactly 😄

[@danlan3433]

@@fannyalbi9040Taiwanese are Chinese for sure Just like Californians are Americans !

[@harryzhang3111]

It is sad to see America is deteriorating in all fronts. For ordinary people, we want our government works to improve living quality including housing, healthcare, education, infrastructure and job creation. None of these were done.

[@bungkusi2432]

Corruption (lobbying) led by foreign agent of six pointy star is the main problem

[@davedismantled]

Government can't do any of those things. PEOPLE do those things. Government is nothing but a system of coercion, violence and slavery.

[@albertcadgame8314]

US need to reduce military spending and spend more on taking care of the country, not supporting war worldwide. Here they are giving again aids to Ukraine war.

[@suichingyuen2100]

Who is hurting? Ask the farmers who can't sell produce to China because China's response to tariffs is to buy produce elsewhere; like, Brazil. They also stopped buying American cars, even cars made in China by American factories in China; just ask Tesla, who is asking China for a handout now in Beijing.

[@sleep8646]

Farmers were already not able to compete with Brazil's prices. It has nothing to do with these tariffs. Importing low cost EVs from China made with slave labor would kill the domestic producers and leave the entire future of electric vehicles in China's hands.

[@benangel3268]

I hope China says no

[@patrickbianchi1146]

BRICS 🇧🇷🤝🏾🇨🇳✊🏾💪🏿

[@edmundlui6016]

Mr. Wolff is a wise man and willing to tell the truth.

[@JoseLopez-ys2oz]

The United States (US) has decided to put a 100% tariff on Chinese electric vehicles, because they are the best at the best price. The tariff only benefits the 3% of US citizens who are employers. The 97% of Americans, however, will be prohibited from buying smarter in order to continue subsidizing the 9 of the 10 richest men in the world who happen to be US citizens. What does that have to do with democracy?Nothing! That is why today only 33% of US citizens are satisfied with our government. Speaking of democracy, China has already eradicated her poverty, despite having 4 times the US’ population. 90% of Chinese are satisfied with their government. Citizens, themselves, ought to know if they have a real democracy or not! If US citizens vote for either Biden or Trump, they will be voting for a plutocracy. And if that happens, democracy will continue to only be lip service. The US is a lip service “democracy”.

[@angelicafrancisco3943]

Well said .

[@thewatcher8758]

Most Chinese hate their government. The overly long covid lock downs, the government created housing bubble and the stifling of consumer spending, to name a few reasons why.

[@longcimb]

Because there is no such thing as a leftist government anymore. The leftists democrats have become more far right in their policies to win votes. Third force candidates cannot thrive because there is no support from the oligarchs....sad

[@bungkusi2432]

USA: Socialism for the rich, capitalism for the poor ******China not only eradicated poverty, but also do it while being the poorest country in the world with GDP lower than any African countries

[@peanut0brain]

China now has "whole process democracy" which involves input from the citizens on a continuous basis. Yånkęê "democracy" gets input only from the 1%, the lobbyists 😂

[@truthseeker000000]

Wise and cautionary words from Mr Wolff. I always enjoy listening to him. 👍👍❤️

[@audreyjan520]

Thank you! Thank you! Thank you! Thank God we still have someone who has a clear head about what’s happening in this country! It’s so sad that the politicians only care about their personal victories, don’t really give a damn about what it does to the country!!!😢

[@colinlee9678]

Imposing tarrifs shows that the country has given up on competing !

[@davedismantled]

The EV market is a joke. EV's are garbage. Why compete in a joke market making garbage?

[@evelyndominguez4757]

@@davedismantled BS we just want to cry foul instead of be competitive.

[@ijatpingrhyb]

​@@evelyndominguez4757spot on

[@ariesmarsexpress]

Big oil and gas are not going to be able survive solely by the U.S. market. The largest issue being that the type of oil found in the U.S. is not refined here. They would have to retool all the refineries to refine what is. All the refineries are setup for the type of oil that comes from Saudi Arabia. The rest of the world is going to switch very quickly and many places will also switch to nuclear power instead of coal. They will be following China's lead. One of the things I noticed recently when I was in China is that almost every parking lot has electric charging stations for the large number of electric cars that you see operating there. You see them everywhere. I don't think I have ever seen a single one in the U.S. I mean maybe they are hiding them. I know they are here somewhere because I occasionally see a Tesla. There have never been large numbers of gas stations around China, but now they are extremely rare and getting rarer. Not only are cars switching, but China has 350 million two-wheeled vehicles and the vast majority of those inside large cities are already electric. I am American and my wife is Chinese and we go back to China yearly. The amount of change happening in China yearly is absolutely staggering compared to the U.S. The world likes to talk about their housing crisis, but when I was in Changsha, I watched a 28 building (maybe 35 stories each) condo complex being built. They were incredibly nice. If I could I would move there. China has these really awesome residential districts and the one I was in is called YuHua. It's an absolutely amazing place that over the last 30 to 40 years has been rebuilt from the ground up. This particular condo complex was one of many being built and with people already living in most of the buildings. This particular complex caught my eye because of the park and small man made lake. The other reason it caught my attention is that it was being built by the party. I met a few of the people (party members) who were looking after the place and they were the nicest people. The buildings and the overall complex that the party built looks way nicer than anything I have seen in the U.S. in a long time unless you want to pay New York prices for them and even then I doubt you will get a balcony. China is doing incredibly well, but when I have to come back to the U.S., it is quite a depressing thing. But, then to hear the crazy people in our government complain about China when the CPC is actually doing their job is just the most hypocritical, sad, and embarrassing thing.

[@harrychu650]

Correct, the Auto Market is global with the three major markets being the EU, US, and China as the largest consumer market. Detroit is finish if they cannot compete globally. Only Tesla is positioned. Hopefully Tesla, this fine American Brand will win this competition.

[@sleo3720]

The level of fake news incessant pandering and hypocrisy has become common practice such that the decline is inevitable

[@cb250nighthawk3]

​@@harrychu650 Idk if Tesla will win but Elon Musk, in January 2024, had called upon high tariffs to be imposed on Chinese EVs coming into America. He's running scared. 🎉

[@MsBay129]

You are right. I'm from Malaysia. Many of my friends and family works and live in China. My neice is married to a very nice German. He works for VW. He told me EU is not buying EV. I guess it's because of the media war against it. The people in the west no longer think with their head.

[@ariesmarsexpress]

@@MsBay129 When Germany allowed the U.S. to blow up its own pipelines, they stopped thinking entirely. lol

[@thisiskevin1000]

Tariffs are TAXES from imports. Sadly, consumers will pay double or triple the price unless they are flocking to neighboring Mexico

[@jraulc]

Thank you for your integrity and courage to speak up the truth in this days.

[@willeisinga2089]

Tarifs is an other word for Taxes. Tax the Taxpayer. Easy Money for Washington.

[@progressivevet7017]

Love Prof Wolff. Always has a very understandable, accurate answer

[@ngheanchoong]

Chinese EV has not yet entered the USA market already slapped with huge tariffs. Uncle Sam surrendered without even a fight . LOL

[@Trace-l7k]

Not only US, also the industry oligarchs of the automobile industry. Chevy was going to make an affordable electric vehicle since 2000. They still don’t. The Volt is a joke, and the sad thing is, it’s on the American citizens.

[@lyndamonchak4072]

This is SAD INDEED!

[@dugalug1795]

This is about geopolitics not trade or economics (or better jobs & standard of living for American workers). The Collective West chooses to view China as a "threat" to its global hegemony. Hence, China must be "contained". Part of this "containment" policy is to slow & degrade China's economic development. If successful, this would mean hundreds of millions of Chinese people, whio have been lifted out of poverty over recent decades, being pushed back into poverty. But I doubt it's gonna work. If it was really about industry & jobs, another obvious option would be to partner with Chinese companies, using their technological prowess & expertise in efficient low-cost manufacturing to build up these "green-tech" industries in the US.

[@ZincFold]

Rewarding incompetence is the American way.

[@ahkoy973]

Tariffs are a tax on American people who pay for it at the cashier

[@khookeekeng]

Good Job Richard ❤

[@nholth]

It is so frustrating to realize there is this huge problem in America yet the majority of Americans don't actually understand what the problem even is. I understand your explanations and agree with them. But so many Americans won't even open up for a moment to consider this view... they are so set in their beliefs about America how wrong they may be. It is frustrating.

[@tiamarie1226]

I call it brainwashed capitalism....the programming started even before elementary school commercials during cartoons and kids shows (kids programming) . It is hard for many to reverse years of indoctrination... and to also accept much of what they believed is not true .

[@GaryBetterton]

They can only accept "business as usual"'.

[@drakekoefoed1642]

it can be explained fast. capitalism sucks.

[@cybourne5910]

Not exactly...millions of Chinese starved to deadth until the CCP partially adopted capitalism. ​@@drakekoefoed1642

[@shineluvslambiel]

They are too busy learning about identity politics lmao

[@harrychu650]

This is being done on the behest of the of UAW and the other cronies from those int he supply chain to dealers. The legacy autos simply cannot compete with Chinese Brands, that is what they are saying to the world.

[@drakekoefoed1642]

just build the chinese cars in detroit/flint

[@wentjen]

Well said and analysis Mr Wolff as always.

[@cestlavie7132]

The sad fact of life in America is monumental corporate greed. We live in such a divided nation where Newsmax and Fox entertainment are the only source of information for a large percentage of Americans. Imagine what could happen if these same Americans were exposed to the information of Richard Wolfe. Personally, I subscribe to Mr. Wolfe’s assessment of capitalism. Yet, when I look at the number of people, watching this channel, I suspect he is preaching to the choir.

[@lucyblueeyes3858]

Thanks

[@DocDanTheGuitarMan]

So we’ve lost the solar, nuclear energy and EV challenge to China? Nice job America

[@billfrenger8955]

Thank you Professor Wolff. Decades of knee jerk, mindless voting for this Red and Blue Cabal seals our fate.

[@douglaswong6975]

The American government is using tariffs to paying of their debts, Americans are celebrating inflationary 😮

[@bungkusi2432]

US didn't slow to respond, US have Tesla which also produced EV. Unfortunately, just like many other American brand, Tesla is greedy and focused for profit

[@Support_Ad_Blocker]

And built with government handouts.

[@Trace-l7k]

They suck when compared to BYD.

[@jimcocke]

The US auto industry has paid our politicians to install these tariffs

[@samstone4320]

Never fly Boeing.

[@deanzaZZR]

Great idea. Airbus purchases and co-production only.

[@Wunderpus-photogenicus]

You are one of the very few westerners in the US who are brave and have integrity by speaking the truth. Thank you for that, Richard!

[@tonywatt3281]

That ship has sailed and it headed into the Baltimore FSK Bridge!

[@judykinsman3258]

The problem is we have monopolies that are not protecting us but their own bloated profits.

[@jason59k55]

monopolies are just a natural tendency of capitalism, as some win and centralize capital and expand their markets its natural for monopolies to form. striving for profit is also a central part of capitalism, its the incentive of corporations

[@drakekoefoed1642]

capitalism. it just does not work.

[@seniorsleepcare136]

As always on point. Thank you for your time informing society at the downfall of humanity.

[@macabee23]

Can't recall ever seeing a Chinese car on an American road. Makes me wonder if Biden just taxed something that doesn't exist.

[@peanut0brain]

There are NO Chinese cars, whether ev or non ev, in US. This is imaginary tariffs lol

[@ronstephen72]

@@peanut0brain Its all PR. Their base are too ignorant to know that.

[@peanut0brain]

@@ronstephen72 that's how propaganda works. It requires a dumbed down base of citizens. They keep demonizing China and Russia as dark dystopian nightmares so that people would never go there and know the reality.

[@Lee-Van-Cle]

多謝！

[@culture-jamming-rhizome]

While I like evs over gasoline, I think focusing on building a better train infrastructure would be far more beneficial.

[@MsBay129]

My country is like 10yrs behind in EV and it's infra. My relatives in Australia change their merc SUV to EV. Full charge A$10 and last more than a week. Fossil fuel is A$130...full tank and last about a week

[@shineluvslambiel]

Well yeah, but that’s a pipe dream. EVs are much more attainable for America. Also you still need cars no matter how good the rail system is.

[@MsBay129]

@@shineluvslambiel. In M'sia, Some of our cities follows the US town plan concept. It's base on car ownership. That is a really bad concept. Unlike USA, we can't print money.

[@mihotleenkwei3884]

@@MsBay129 Yes, in China if you always charge at home during the night, the cost is basically 5%-10% of gasoline for the same driving range.

[@George-k6o9t]

A new generation of high density very fast charging batteries are currently being developed. Known as "Black Phosphorus" batteries (you can look this up in "Science" on line), if successful, it can replace the current lithium-ion cells that require long charging times (for safety and longevity reasons). The rather astonishing thing is that Huawei is deeply involved in this research as well and hopes that it will be a boon for EVs as well as mobile phones. One wonders just why the U.S. should be involved in such research to make EVs even more attainable by developing a march ahead of China to capture the battery market in this area and having the Chinese auto makers depend upon the U.S. for advanced high-tech batteries?

[@pichitlerttamrab29]

Thanks!

[@TheMedic2014]

We need to save the country from people pretending to save the country... That's wild!💯

[@angelicafrancisco3943]

WOW !!!!! Another WAKE UP CALL !!!!!!!’ Thank you again Professor Wolff . I will forward this talk to my children who are busy trying to survive in this economy .

[@mamanitubea]

Let's have a referendum on whether we want to protect UAW by paying $20k extra for our cars

[@Lords1997]

I want to see if my college can reach out to you for our next graduating class commencement speaker.

[@christinevalenzuela6948]

Thank you🙌🏼

[@Support_Ad_Blocker]

We're watching the U.S. flail about like a drowning animal in its death throes.

[@johnkruk6929]

Thank you China for keeping the Oligarchs honest .

[@niyo919]

If America cared about domestic manufacturing, we would have invested into it a long time ago before all those jobs got shipped out to places with cheaper labor.

[@jackchiu7560]

The U.S. developed an ulterior sense of inferiority complex, self-doubt and self-defeat when it no longer has the ability as well the capability to compete head-on with China on various fields. First came the blame of China stealing American jobs, then American intellectual properties that led to the trade war. When all else failed, "national security" became the scapegoat to enforce an embargo on all things Chinese. And in a world of irrational nationalism with the promotion of the U.S. government through propaganda and the mainstream media, Americans subconsciously or otherwise began to point the finger at the Chinese nation. Fear is the only reason the U.S. wanted to contain China. When tariffs failed, technology sanctions followed. When both tariffs and sanctions failed, de-coupling became the buzzword. And when de-coupling was found to hurt the U.S. economy more than China's, it was changed to de-risking which in effect means a "slow de-coupling" until a more appropriate time. Twenty years ago, American muscle cars and reliable Japanese cars plus reputable German, French and Swedish cars and even newbies from South Korea were selling like hot cakes in the Chinese market and each and every maker made a fortune in China. Nowadays, however, the U.S. has no hope of selling anything to China -- not only industrial products but also agricultural produce which are easily replaced by many other countries around the globe. Now, America wants to ban Chinese EV's on the ground of the, again, "national security" scapegoat when in fact they fear for the future of all American automakers. Fear has also invaded European minds and the Europeans want to adopt the American low-life tactics. Sooner or later, the world will be divided into 2 camps: one that embraces worldwide integration and the other a closed economy that fears competition. The acceleration of the de-dollarization movement will speed up the divide even further, to the point that it may break the world monetary system in half. With the embargoes of high-tech equipment and the bans of all things Chinese from the U.S. market, it is clear the U.S. has lost all confidence in competing with China's technological advancements. And when the U.S. can only rely on the sole excuse of "national security" risk to try to restrict the rise of all Chinese marvels the likes of social media app, electric vehicles, new energy vehicles, battery technology and battery management software, advanced chip manufacturing, quantum computing, space exploration and AI robotics, etc., it is plain the U.S. has surrendered to China. The decline of the empire will accelerate along with the unstoppable de-dollarization effort mandated by an expanding BRICS. The destruction of the international supply chain by the U.S. forced China and many other countries to develop their own industrial base and the U.S. only has itself to blame for its own demise. Perhaps the coming "collapse of China" can somehow soothe the overwhelming anxiety of the West.

[@dogeared100]

We gave China our technology. Don't understand our government whining about them using it

[@SagittarianArrows]

Very sad so immature & signs of sore losers/elite businesses/donors. Even worst air pollution will rise in US, lung diseases, allergies and rising petrol prices on daily living getting to work. Higher food costs due to transportation - misery

[@DanBurgaud]

Americans should not complain if they get the bad end of the stick.

[@ronstephen72]

Because they get to choose who the President is? Biden, Trump, RFK - which of these rich, old, white, male Zionists will they pick from, eh?

[@SimonSeow]

US automobile used most of the subsidies to push up their stock price or to payout to shareholders instead of doing R&D

[@albertcadgame8314]

it is good to know there are people in the US is urging the US govt to take the right path. A right path that leads to prosperity thru' proper innovation and step up their competence level. Prof Richard Wolff is doing that right now. I support what prof is saying. Use the right path to get into competition. Spend more money on innovation and less money on military, becos no one will attack the US, that is for sure. And US has bunch of allies, who dare to attack US ?

[@jacintochua6885]

This was done often. Against Alstom in the 1970s, agsinst Toshiba and all Japanese cars in the 1980s .

[@DerekSpeareDSD]

nothing will fundamentally change.

[@drakekoefoed1642]

just like russia. nothing changed for a very long time, and then it did. when the empire fails, it will be disposed of.

[@PNNYRFACE]

The ice cream containment conundrum

[@duckmanone5435]

Of course all of these tariffs not only allow American auto companies to be protected from reality, it enables them to produce vehicles that are uncompetitive for the export market as well and Americans will only pay more than they should to buy any vehicle made under protected industry. The end result will be that companies that require cars and trucks for their businesses will be paying more than they should be and these extra costs will affect their competitiveness in the market. This will reduce their sales and service and as a result people will lose jobs. Typical American hypocrisy again and shooting themselves in their feet and their decline will be assured and irreversiable. Meanwhile China and other competitors will be focussing on even more innovation and improvements and the protected USA industries will become just another faded memory..

[@Xamaza]

We need more socialism :)

[@kobemop]

Yes.

[@sxz62]

These are for the purpose of election, to please certain interest groups.

[@jjackmanster]

A 25 percent tariff is a 1/4 increase, not a "4 times" increase.

[@chriswong9158]

4:00 US Tariffs on EV: Already showing since 2020 to present, Because of the Tariffs, American are no longer buying EV Don't believe... Fact check it your self.... in the end, it will take US Auto Company down before Chinese firms.

[@ShardDesu]

Trains. Public transportation is significantly better for the environment than any individual automobile transportation electricor not.

[@bangthingneng9433]

No one realise that the EV pricing from China is a gift & a blessing to political system & the people of America. Is a gift ...... for better maneuvering. pls think harder & you'll get the answer. Thank you, China . For better world

[@wingkeeho5864]

The tariffs really hurt.

[@cb250nighthawk3]

Protectionism doesn't work in the long run. If in the short run, it's not working, it's better to scrap it.

[@rosemaryspiota9836]

Not only electric cars, but the USA in its "green efforts" could also get cheaper solar panels and other needs for this action. Of course we blame the "forced labor of the Uighurs" in Xinjiang for not buying such useful items, while we use prison labor to give cheap help to US companies .

[@adamrosendahl8090]

There's no forced labour it's just more lies.

[@alomali8364]

We Gotta stop with the pity for the poor thing. lt's one thing to feel bad and help out, it's another to virtue signal as if its really matters to you without giving any course of action to help out. Fact is the poor in general, offers the least value to the country. Sympathy can creep in of course for anyone doing less than another, but we live in America, its third world countries out there that come here with less than poverty ridden folks and come out on top. lt's all about mindset and discipline to want to do better for oneself. We've been socially conditioned recently to pity the poor anyone in a present situations that isn't ideal, forgoing the common sense of paying attention to why poor people are poor where as only a significant minority of them have a justifiable reason aside from laziness and taking their youth for granted whether it be due to having bad influences to bad parenting.

[@Scott.412]

Thanks for keeping us updated! I feel sympathy and empathy for our country. low income people are suffering to survive, and appreciate Andrea Sheryl Fox. You've helped my family with your advice. imagine investing $30,000 and receiving $95,460 after 28 days of trading.

[@Leticialopez_123]

What opportunities are there in the market, and how do I profit from it?

[@Scott.412]

You can make a lot of money from the market regardless of whether it strengthens or crashes. The key is to be well positioned.

[@RhondaSoonias]

I would really like to know how this actually works.

[@Scott.412]

All you need is a good capital and the service of a professional broker, with those your investment will most certainly produce high yields.

[@harpdog123]

I would like to have heard Richard's opinion on what would be a good alternative to tariffs. Should the US govt do nothing and let them compete? What would he do if he were in charge? More subsidies to US companies? Isn't the cost of labor also a huge factor? Isn't that why US companies like Apple manufacture in China?

[@MrWillypanda88]

I really don't understand the tariffs, isn't just gonna be an additional cost the customers (in this case US citizens) have to pay? I mean, sure the EV companies from China might lose some market-share in US because of it, but even Toyota FJ40, or Suzuki Carry aren't popular in US, even though they're so massively popular everywhere else all over the world

[@adamrosendahl8090]

Elon wants you to buy his cars. It's as simple as that.

[@2wwwilly]

China and Russia wont give a fook ...😢😢😮😮😂😂

[@johnchan6955]

Good for Tesla to have the entire USA market and zero competition. Wow! A great opportunity to be a great auto maker .

[@bitdigital8052]

Whenever I see something I want in another country, I be like.. Let me buy it now before America goes to war with them.

[@drakekoefoed1642]

you will need the parts, though.

[@EscapedConvict2007]

If the goal is to protect American jobs and car manufacturers , the real solution is actually quite the opposite of raising tariffs, America should instead let Chinese EVs into US markets and compete with local players. By facing the competitions head on, companies will be forced to innovate and get more competitive in order to stay in the game and survive. If the current US policies is to continue, US car manufacturers will likely suffer a slow death.

[@LauraKamienski]

I always feel compelled to point out whenever FDR is brought up that he was quoted as saying in private that we have to initiate jobs programs and safety nets and give them something, otherwise there will be a revolution. And I feel compelled because FDR is always lauded as being pro worker and this great president, when in reality is just another example of the relationship of forces

[@drakekoefoed1642]

he had the excuse but it doesn't mean he didn't kinda like the result. hoover could have done it but he was a capitalist idealogue and so the depression.

[@alancarpenter4175]

So much for “good ol American know-how”🙄

[@longcimb]

Comparative advantage and optimal and efficient allocation of resources as mooted by Adam Smith is dead

[@HollijoyJohnson]

A carve out 🧐 America does protectionism with its own citizens favoring one business over another 🤔 constantly 🤔undermining some to benefit others

[@chriswong9158]

9:00 Old saying... if one cannot win the race, FIX iT !!! so other cannot win. God bless the USA

[@peanut0brain]

Tonya harding style 😂

[@WarrenKLiu]

Dear Dr. Wolff, you missed dealership system margins and logistics inland from landing port to dealerships locations in other states. A 20K landed cost plus 100% tariffs plus margins plus logistics would put MSRP closer to 55K

[@yeska62]

The u$ is nuts. 😅 They are living in an alien universe! 😂😂

[@DaxVJacobson]

North American LFP battery patents holders made a deal with China so China could make the batteries for use only inside of China without a fee, while keeping everyone outside of China from making LFP batteries with a large licensing fee. This killed LFP battery development outside of China. "LiFePO4+C Licensing AG, a company created by the consortium of University of Montreal, Hydro-Quebec, CNRS, and Johnson Matthey"

[@Luke1959]

'Democracy' at its best!!😂 "I need a billion dollars to win the election!" So it's not the vote that really counts, it's how much money is collected by each party! WOW!! 😲😂😂 Grease them wheels!!

[@Andre-ni5ud]

Merci !

[@davesradiorepairs6344]

It was just like the US tariffs on Aluminum and steel... The US applies tariffs to help local producers have an edge on local pricing... But what did the idiot local producers do ? They increased their prices to match the landed Chinese prices, making them no longer advantageous.. Not only that, it backfired, because local producers didn't have the capacity of supply, and so the Chinese producers did really good business anyways...

[@fannyalbi9040]

aluminium? isn’t it hurt boeing and construction?

[@magnacarta740]

👍👍👍

[@TronSAHeroXYZ]

Current battery technology prevents adoption. People fear their car's bursting into flames.

[@ronstephen72]

Look into Hemp batteries. They are better by every metric but create a lot of permanent farming jobs and don't require resource wars or environmental destruction so we aren't using them.

[@barnabusdoyle4930]

Even under these 100% tariffs, the Chinese cars are going to be far cheaper than US EV

[@brianschoenrock]

With respect, it may be that the CO2 emission savings of EV’s you assume are fictitious. Consider the moving of megatons of earth to acquire needed battery minerals, increased grid electrical generation requirements, composition plastics, steep battery degradation curve (they could be considered disposable) and more than double the tire wear. A clean running diesel truck or hybrid passenger vehicle is a much better option. It’s a complicated issue, not to be solved with puddle deep analysis.

[@taramaclaird9633]

I would love to see Pres. Biden’s reaction to what you said here.

[@Support_Ad_Blocker]

Can a zombie have a reaction?😂😂

[@georwoogle]

✌✌✌✌

[@katferguson]

What is Biden doing????? This is a disaster. We'll just purchase cheaper gas vehicles. Thank you for this info. Biden lost my vote years ago.

[@Banklessap]

🔨it

[@nornalhumsn7167]

If we were allowed to sell or buy chipless we would.

[@drakekoefoed1642]

yep. i want a stripped down ecar with no god damned computer. just a circuit to handle the speed of the wheel motors, one to do generator and friction braking balance.

[@blafonovision4342]

Wait a minute: I thought you were against capitalism. If this hurts capitalism, it’s good.

[@deddalus01]

SENSACIONAL (portuguese exepression) ;);););)

[@robertjohnson801]

Yeah Dr Wolfe, China yuan weakening, stock market broke, real estate imploded, no foriegn investment, Apple leaving, birth rate tanking. Where are you getting your data, 2000?

[@TonyBraun]

Where are you getting your data.........

[@freeenergyeducationinterna1086]

Love you Richard, buy trading the oil cartel for the lithium cartel feels like 6 of one half a dozen of the other. Doesn't really seem to matter.

[@davewalton5007]

China producing the highest quality EVs?! 😆

[@adamrosendahl8090]

Just got back from China. EV's are everywhere on the roads, even all the city buses are electric powered. It can be done but the Western world refuses to act because their policy makers are corrupt and beholden to capitalists.

[@bernardheathaway9146]

✌🏾

[@evelyndominguez4757]

Vote for Jill Stein

[@bridgeroad9758]

Biden is in great Panic

[@Will-2BMorePositive]

He must be sponsored by a foreign entity. Tariffs are just like VAT. It's the same concept. China has lower costs for labor without OSHA restrictions. If you can make a 25k car for 10-15k, expecting a 10-20k profit per vehicle, VAT or tariffs level the playing field so your 10k car is 20k then your profits are similar to UAW companies. Same with the 1930's. That was the great depression Bubba. Lots of companies were closing their doors so the government went on a hiring spree, rather than giving away money to ppl sitting on the couch. Then we rolled into WW2. This guy leaves out facts that give the bigger picture. I hope ppl research rather than drinking his anti-North American /anti-G7 rhetoric.

[@michael511128]

Too Stupid to Fail.