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Biden's 5 year plan (hexbear.net)

submitted 7 months ago by [email protected] to c/[email protected]

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cross-posted from: https://hexbear.net/post/2543543

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[–] [email protected] 47 points 7 months ago* (last edited 7 months ago) (1 children)

Tariffs in general aren't inherently bad if they protect domestic interests, especially against a foreign power that is subsidizing production as part of an economic power play. If Trump had limited his tariffs to China and Russia not included all of our allies I would have agreed with him. If we didn't desperately need more EVs and if US automakers weren't such colossal assholes about making good cheap EVs I'd agree with this one

[–] [email protected] 7 points 7 months ago

We don't "desperately" need more EVs. But if you want more domestically produced EVs for some reason, you nationalize the auto-industry and mandate them. Tariffs in capitalism just mean that the protected industries increase profits on the same or even less supply.