I’m still yet to understand the benefit of tariffs.

  • sabreW4K3OPM
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    23 days ago

    But how do you protect a local industry by inflating prices. Let’s take GM for example. They’re saying it’s costing 150k to build each EV and those EVs aren’t as good in terms of quality as the Hyundai’s, Kia’s, Volkswagen’s or even Tesla’s. The only thing tariffs do for American consumers is force them to pay more money than they should. While for GM, they simply enable them to put out subpar products and have them compete with cheaper and better cars. It’s rewarding failure.

    • j4k3@lemmy.world
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      23 days ago

      That is a whole different issue. GM is part of the toxic and corrupt US business sector. Their claims are trash politics. There are an order of magnitude less parts in an EV than ICE. The only reason these are expensive is because of no R&D into tooling for EV’s and the supply chain. Yeah it’s expensive to pay competent people to do everything for their decrepit useless quarterly imbecile mindset. China said they were investing heavily in EV tooling and supply chain back in 2014. The US did nothing at the time, then half ass gave GM 6 billion to invest in EV R&D. GM turned around and used the money to do a stock buy back, bonus the back patters and spend absolutely nothing on EV’s. Such is the American way. The Chinese are not "subsidizing anything. They are simply the only ones that have made any worthwhile effort to try and make a half honest EV.

      There is no way to overcome the market corruption of such criminals, but those criminals are supply chain gate keepers that prevent most Americans from participating in the market. We are on the path to empoverishment in the USA and will be totally irrelevant on our present trajectory. Outsourcing as it was done was treason for venture capital and the effects of that are only just beginning.

      I’m talking about places like Europe where people with half sense and ethics live. They might have a chance with tariffs helping them teach parity.

      • sabreW4K3OPM
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        23 days ago

        It’s funny you say that because Volkswagen has been openly protesting increased tariffs on Chinese EVs