Biden announces new tariffs on Chinese EVs, semiconductors, solar cells and more (lemmygrad.ml)

submitted 5 months ago by yogthos@lemmygrad.ml to c/us_news@lemmygrad.ml

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https://www.whitehouse.gov/briefing-room/statements-releases/2024/05/14/fact-sheet-president-biden-takes-action-to-protect-american-workers-and-businesses-from-chinas-unfair-trade-practices/

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[-] GreatSquare@lemmygrad.ml 15 points 5 months ago

The frog boils itself now?

Cheap solar and semiconductors will reduce the cost of manufacturing in US. Energy and chips are inputs to actually producing stuff that companies charge a lot more for.

Car tariffs is somewhat understandable.

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this post was submitted on 14 May 2024

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