The real question is, what percentage of the product that they export is purchased by Americans? Because if that percentage is really low, it turns this into performance politics. Especially the one-upping of Trump's economic war on China. The problem there of course being that it won't make any difference; Biden's never going to win over a Republican. What he needs to do is lean into the left harder so that he ensures a higher turnout. But he's not going to, he'd rather stay his old-ass course, and risk plunging our country into a tyrannical totalitarian nightmare. I mean a worse one than it already is. You should be worried more about inflation, women's rights, and not feeding weapons to Israel. But our country has an insane "Christian" hard-on for Israel so that's not going to happen.
And by inflation I'm referring to everyday household products and food, not the stock market. People don't care how good the stock market is doing when not only do they not have a direct stake in it, but even basics like food cost too goddamn much.
Yeah, except everyone has had it beaten into them - nobody fucks with gas prices.
Every news outlet in the country runs the same news segment practically daily - "Let's complain about gas prices". We've somehow made it the subject of basically nonstop discussion.
I mean, there is a case for discussing gas prices since it's the price of mobile energy for everything from tractors to trucking to electricity. The gas price, specifically crude oil price, used to be synonymous with energy prices so any increase in oil price would mean a major hit to cost-of-living increases.
If hes going to do that he should light a fire under the domestics asses to get our own evs up to snuff. And market competitive. None of that whining how it cannot be done either
Why would the main benefactors and purchasers of this policy position (the Big 3) greenlight their destruction? This is US capitalist policy at play. They can't compete internationally and had to purchase their domestic protection.
Well the secret here is that the Big 3 don't physically control that policy. They can only bribe politicians and hope they stay bribed. And sometimes a protectionist policy looks like the bribe is working but it's just a prelude to a different planned move. Like trust busting.
so u cant because the "executive class" (capitalist they are called capitalist) control everything, u theoretically COULD if u had a revolution but u CANT.
Steel I get. That's an environmental issue since US creation is way more carbon friendly. However the rest makes no sense without an announcement in domestic investment that is pulled from currently used non-environmental budgets.
Pretty sure the steel tariff is a bad thing too. There are certain grades of steel that just aren't produced in the US. People threw a fit over it when trump did the same thing.
Here's some highlights from the sources I put in the original comment since you can't be asked to open them...
Clay, New York: Funding will support the construction of the first two fabs of a planned four fab “megafab” focused on leading-edge DRAM chip production. Each fab will have 600,000 square feet of cleanrooms, totaling 2.4 million square feet of cleanroom space across the four facilities—the largest amount of cleanroom space ever announced in the United States and the size of nearly 40 football fields.
Boise, Idaho: Funding will support the development of a high-volume manufacturing (HVM) fab, with approximately 600,000 square feet of cleanroom space focused on the production of leading-edge DRAM chips. The fab would be co-located with the company’s existing, leading-edge R&D facility to improve efficiency across its R&D and manufacturing operations, reducing lags in technology transfer and cutting time-to-market for leading-edge memory products.
at least $40 million in dedicated CHIPS funding for training and workforce development to ensure local communities have access to the jobs of the future.
the U.S. Department of Energy (DOE) through its Loan Programs Office (LPO) today announced the closing of a $362 million loan to CelLink Corporation (CelLink) to help finance the construction of a domestic manufacturing facility that will produce components essential to electric vehicle (EV) assembly. Located in Georgetown, Texas, the facility will develop lighter and more efficient flexible circuit wiring harnesses—sets of wires and related equipment that relay information and carry electricity throughout vehicles. Once fully operational, the facility is expected to produce enough wiring harnesses to support the manufacture of approximately 2.7 million EVs per year and create 165 construction jobs and more than 1,200 permanent jobs.
The official source for the solar for all does have a broken link which is supposed to direct you here where it explain each of the 60 grants that were issued.
But my point is that none of this is being done efficiently. Instead, middlemen siphon money from the project to pad their pockets and stretch out the timelines for completion. I won't be surprised if some of these projects go over budget, over time, or need additional funding.
Wake me up when these projects complete. Then we can look at how much they really cost and how long it really took and how much they really produce.
The money does not go directly to production, that's the goal post. It goes through a dozen people's hands before the ground is ever broken on one of these projects, and every one of those hands takes their cut to pad their pockets. That was my point.
Wait we gave the Auto industry money for EVs and 50k SUVs were the result? Holy shit, that's right up there with giving 4 billion to the telecoms for no actual network expansion.
Cheap panels are tanking European competitors, but it's probably too late to intervene at this point. Can't compete with work camps and cheap slave labor.
you seriously think the ONLY possible explanation for cheap solar panels is "cheap slave labor?"
not the fact that the chinese government has heavily subsidized these industries? your only explanation is work camps? where are the pictures of these work camps, the stories from all of those people who came to the US from China, they must have something to say about all of the slavery and work camps!
get fucking real and stop living in lib fantasyland
Correct... using work camps and cheap slave labour was only acceptable when US companies shipped production to China and pocketed the profits... now that China is doing it directly, it's certainly a problem we all care about
Correct. If there were no tariffs, you could buy a chinese EV for cheap. In this case for so cheap that the domestic US/Non-Chinese market cannot compete.
So in order to protect these markets, the product needs to be made artificially more expensive with tariffs. This way, the domestic markets have a chance of competing.
However, this also isolates the country and provokes retaliation from the other side. This usually results in both sides sabotaging their trade relations with each other (for ex. with tariffs) which is called a trade war.
Tariffs raise the price of affected goods allowing local suppliers to grow their business and fill the gap. A lot of countries looking to industrialize will institute tariffs to protect their industry so it can grow enough to compete with foreign companies. In our case it's putting the cart before the horse; our domestic industries are currently unable to supply domestic needs (remember the "logistics" issue at the beginning of COVID?) and several of these goods require specialist knowledge to produce, so it's not like we can just open a couple factories. Which is the other thing- companies might not invest in new factories as these tariffs could go away tomorrow and it takes time for factories to be built and then to even start producing goods. If the tariffs goes away before anything new is ready they will just shut down.
That's not how you ensure America leads the world in them. That's how you ensure corps feel safe not doing shit to innovate anymore. This is just another form of a bailout.
Doesn't China subsidize what they export on top of having cheap labor? In that case a free market argument cannot really be made.
The innovation in the US or elsewhere would have to be extreme shifts to compete.
Idea of free market is that it's better than a manage market. If there's room for innovation, the free market will find it. Central planning leads to being risk adverse and exploiting inefficiencies to soak up government money. So if free market is your religion, you shouldn't be bothered that China tries to plan their production instead. Cheap labour also doesn't hold since the USA has historically been happy to have their companies contract labour from cheaper countries. So if you're losing due to Chinese salaries, just hire Chinese people.
Also, China doesn't subsidise any of these exports. Then they'd lose money, and they're exporting to earn money. They subsidise R&D and domestic sales of things that'll make domestic companies more productive and competitive.
