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You're assuming that the batteries come from China, obviously, and that, say, RFKs tariffs would be, like, zero? Because if you're counting on Trump to save yo
by PreInternet01 2y ago
You're assuming that the batteries come from China, obviously, and that, say, RFKs tariffs would be, like, zero?
Because if you're counting on Trump to save you, I've got some possibly sobering news: https://www.reuters.com/world/us/trump-says-us-china-tariffs-needed-other-vehicles-products-2024-05-14/ https://www.reuters.com/world/us/trump-says-us-china-tariffs...
- internet2000 2y agoNope, tariffs are a bad idea no matter which side does it. Biden campaigned on getting rid of Trump’s tariffs, but is only doubling down after 4 years. I think it’s fair to put it on him now.
- PreInternet01 2y ago> Biden campaigned on getting rid of Trump’s tariffs Yeah, well, maybe? "Democratic presidential candidate Joe Biden said he would remove Donald Trump’s tariffs on imports from China, which are taxes on U.S. consumers and companies. An aide later asserted the former vice president would reevaluate the tariffs upon taking office."
- SteveNuts 2y agoI'm curious how many imports that tariff will even impact, it has to be very low currently, right?
- zer00eyz 2y agohttps://cleantechnica.com/2024/04/11/unsold-chinese-evs-are-piling-up-at-european-ports/ https://cleantechnica.com/2024/04/11/unsold-chinese-evs-are-... https://www.scmp.com/business/article/3253116/chinas-lithium-ion-battery-industry-faces-excess-inventory-production-capacity-ev-market-downshifts https://www.scmp.com/business/article/3253116/chinas-lithium... China gave out huge incentives in the last decade to move to EV's. There are something like 100 different EV makers in china. No that number is not an exaggeration. The idea that in the current economic storm EV dumping is going to happen is a real thing. The Biden move is proactive and the EU is going much slower but on the same path.
- asadotzler 2y agoOnly a few of those have the capacity to export and those have got less subsidies than US EV makers. Tesla ~$8B vs BTD ~3.5B for example.
- zer00eyz 2y agoYou missed a step: The average programmer in china makes less than half what their US counterpart makes. Cost of living far less than half of the us, pay for factory workers is far far less than the dollars to yuan conversion. It's far morespending power than just 3.5 vs 8
- mensetmanusman 2y agoTariffs rebalance the free trade playing field when a small company is competing with free financing from a nation state. Everyone does it.
- asadotzler 2y agoLike Tesla's $8 billion subsidies vs BYD's $3.5 billion in subsidies imbalance?
- mensetmanusman 2y agoAdd a zero to BYD due to currency fixing by the CCP and you might be closer :)