this post was submitted on 14 May 2024
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United States | News & Politics
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What exactly is wrong with a country subsidizing green energy products? Not only that, but making them available cheaply to other countries?
The US Government doesn't want US automakers to lose market share so that they have plenty of manufacturing capacity that could be retooled to make weapons in case of war.
Makes sense. Also petro-profits.
I’m not precisely sure where I stand on this, but I understand the primary policy arguments for this decision would be something like this:
The problem comes later, when a specific actor has an outsized market share and then exploits their trade advantage for other concessions.
It also prohibits domestic competition for those products, especially in countries with high standards of living and wages. This negates competition and innovation, since most corporations don’t have the ability to compete with an entity with the capacity to eat cost like the Chinese government.
The point of trade decisions, is to import products you don't have enough domestic production to cover the demand for.
We know that the US auto and oil industries have no sincere desire to build EVs anyway (or any green industry whatsoever), because they did their best to kill their domestic production of EVs in the 90s, and there's no US industry for solar panels.
This is all just part of the US's trade war with China, that is prioritizing the profits of its auto and oil industries over the wellbeing of the environment, and the desires of its citizens for electric vehicles.
They're oversaturating the market with low-quality products. This can be a significant problem when there are safety implications.
Why can’t they just certify cars based on safety and ban unsafe ones instead of blanket ban the entire segment of them. It certainly helps the adoption of EV among masses.
I'm sorry but this argument doesn't make sense. Don't you have safety rules in the US? If the Chinese cars aren't safe to drive nobody should be authorized to drive them in the first place. If they are safe, no need for tariffs then.
This decision has absolutely nothing to do with alleged poor manufacturing quality. It's protectionism, pure and simple.
The Chinese cars are probably much safer on the road then the huge pedestrian killing machines built by US manufacturers.
Truck SUV moment: