Biden Looks To Tariffs To Bolster Struggling Electric Vehicle Market – IOTW Report

Biden Looks To Tariffs To Bolster Struggling Electric Vehicle Market

Daily Caller: The Biden administration is considering increasing tariffs on some Chinese products related to his green agenda, like electric vehicles (EV), in an effort to boost poor market demand and protect domestic industries, according to The Wall Street Journal.

Officials are considering setting higher rates on the already existing tariffs originally placed under the Trump administration, covering around $300 billion in Chinese goods, with Chinese EVs already having a 25% import tax, according to the WSJ. New tariffs could help domestic EV manufacturing, which has struggled with stagnant market demand, only rising from 3% in January to 4% in September of total vehicles sold in the U.S., while the share of EVs produced out of all vehicles has risen from 3% to 6% in that same time. more

11 Comments on Biden Looks To Tariffs To Bolster Struggling Electric Vehicle Market

  1. EVs… so good they have to fabricate a market for them by outlawing the competition!
    Now where are we seeing more of that crap… Hmmmmmmm??
    If EVs were such a great product, they’d sell themselves! People wouldn’t have to be arm-twisted into buying them! But noooooo, these Leftist assholes won’t even tolerate improvements like Hybrids! It has to be all or nothing… all over a contrived “crisis”!

    Remember:
    “Never let a good crisis go to waste”
    Don’t have one?
    Make one up!
    These Commie, Leftist Bolsheviks have been at it for 64 years and counting!

    1960: Oil Gone in Ten Years
    1967 Dire Famine Forecast By 1975
    1968- Overpopulation Will Spread Worldwide
    1969: Everyone Will Disappear In a Cloud Of Blue Steam By 1989
    1970: World Will Use Up All its Natural Resources by 2000
    1970: Urban Citizens Will Require Gas masks by 1985
    1970: Nitrogen buildup Will Make All Land Unusable
    1970: Decaying Pollution on Will kill all the fish
    1970: Ice Age By 2000
    1970: America Subject to Water Rationing by 1974 and food Rationing by 1980
    1971: New Ice Ace coming By 2020 or 2030
    1972: Oil Depleted in 20 Years
    1974: Space Satellites Show New Ice Age Coming Fast
    1974: Another Ice Age
    1974: Ozone Depletion a “Great Peril to Life”
    1976: Scientific Consensus Planet Cooling, Famines imminent
    1977. Department of Energy Says oil will Peak in the 1990s
    1978: No End in Sight to 30-Year Cooling Trend
    1980: Acid Rain Kills Life In Lakes
    1980: Peak oil In 2000
    1988: Regional Droughts in 1990s
    1988: Temperatures in DC Will Hit Record highs
    1988: Maldive Islands will Be Underwater by 2018
    1989: Rising Sea Levels will Obliterate Nations if Nothing Done by 2000
    1989: New York City’s West Side Highway Underwater by 2019
    1996: Peak oil in 2020
    2000: Children wont know what Snow is
    2002: Famine In 10 Years If We Don’t Give Up Eating Fish, Meat, and Dairy
    2002: Peak oil in 2010
    2004: Britain will be Siberia by 2024
    2005: Manhattan Underwater by 2015
    2006: Super Hurricanes are coming!
    2008: Arctic will Be Ice Free by 2018
    2008: Climate genius Al Gore Predicts Ice-Free Arctic by 2013
    2009: Climate Genius Prince Charles Says we Have 96 Months to Save The Planet.
    2009: UK Prime Minister Says 50 Days to “Save The Planet from Catastrophe”
    2009: Climate Genius Al Core Moves 2013 Prediction of Ice Free Arctic to 2014
    2013: Arctic Ice-Free by 2015
    2014: Only 500 Days Before “Climate Chaos”
    2019: Retard sez: “how dare you doubt that Global Warming is really, really, really, really, really, really, really gonna happen this time! How DARE you!”
    2022: Due to global warming, global climate models predict hurricanes will cause more intense rainfall and have an increased coastal flooding.
    2023: Greta – “The world will end in 5 years”
    2023: MSM – Maui fires caused by cLIEmate Change
    Holy shit! Where’s the Tylenol!
    Go eat a bag of dicks you intollerent Marxists!!

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  2. The gas tax is the biggest expenditures for a vehicle on a daily bases. They’re already hurting, so, they will go after the electric car people. They’ll place a big time tax on the vehicle at registration time. The cost to operate one of those white elephants is going to electrify you. Those solar panels on top of your house? You aren’t going to cut a fat hog in the ass either. They’ll find a way to get your money, and nothing you can do about it. People complain when they get their “true-up” bill. They thought solar was free!

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  3. Even if I was interested in an EV, there is no way I would buy one from China. I would say there are quite a few people who who would avoid a Chinese product unless they absolutely had to buy one.

    But Joe is so interested in having people getting EVs that he wants to limit competition that will make an already expensive product more expensive? That seems like saying “We have a food shortage so let’s limit food from other countries.”

    Notice that the government never considers reducing the reams of regulations and restrictions placed on American businesses.

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  4. Over the years they’ve created a zillion ways to suck money out of the economy I’m almost ready for the great reset! Frankly we not going to correct this shit until the system collapses under it’s own, massive weight and we start over again! The one man that can do it will only have four years and making the necessary corrective actions will take a generation!

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  5. Obscene confiscatory tariffs should be applied to all
    foreign made EVs.
    Thereby forcing Americans to purchase only domestically
    produced American EVs.
    Leave the gasoline vehicles alone.
    Those dinosaurs will disappear rapidly anyway.

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  6. The article says that while raising tariffs, they will lower tariffs on other items. The Chinese probably told Biden to raise tariffs on EVs with a small market, while removing tariffs on products that have a larger market to exploit.

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  7. I got my EV in fender bender,dealer told me they could not store it on the lot due to insurance regulations,told me they would store it in a container until they could take the whole car apart and send the battery out for a checkup.Got the car back after only 5 months. It only cost me 60,000 grand.
    This actually happens.

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  8. Brilliant economic minds in Obamas’ Third Term.

    Boosting tariffs on foreign ev’s will raise prices domestically. Higher prices don’t lead demand. Demand for ev’s will be increased by eliminating any competing option. When the carrot stops working, you use the stick.

    Obama performed a hostile takeover of the automobile industry with the bailouts and the Stimulus Bill. EV’s were, and are, produced under duress. Widespread purchase of ev’s will also be made under duress. There is no significant unsubsidized market for ev’s anywhere in the world.

    EV’s are only assembled in the US. Nearly all the important parts are sourced from China.

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