See this article in the Washington Post, or other new source you use.
The topic was on the new way the Biden Administration is handling trade agreements, tariffs on imported goods, etc.
In the article it claims this is a weakness of the current policies, and maybe so, but read this from the article "Biden’s decision earlier this year to impose prohibitive tariffs on inexpensive Chinese electric vehicles, for example, leaves American consumers paying more for less capable domestic-made cars while delaying the move toward a low-carbon economy"
so a point to be made here is where is our wonderful CAPITALISM, in the idea that the Chinese manufactured electric vehicles are MORE capable than domestic-made cars and LESS EXPENSIVE
Well the reason the Chinese cars are less expensive could be cheaper labor, and the Chinese government can regulate the car makers profit, and probably material costs.
But the big question is WHY THE FREE MARKET GREAT CAPITALISTIC FORCES of the USA economy, ARE NOT providing the more capable cars here, in the USA??!!
I can't answer that question here, but that shows a great reason why the trade agreements are complex. and also maybe why American manufacturing jobs decayed to begin with? We just don't create the cutting edge products like we used to??!!
Here at Corporate Bastard, we do believe a lot of the 1990's era trade agreements, were not the best agreements for the USA, They did not "level the playing field" with costs of other countries manufacturing, by imposing the worker safety requirement we have on the other countries, by not making them meet better environmental standards, and a host of other reasons they could undercut our costs to manufacture
That being said, some new approaches are needed in the trade agreements, and to help USA manufacturing, It may not be obvious what the perfect changes might be. But we recommend trying some new approaches, and embrace the parts of them that work well
That's how constructive change comes about, in our opinion.
read on in the article if you have WAPO subscription.
[if you do not have a subscription, consider subscribing to reliable news sources of you choice, before the non-subscription news takes over, and careful what you read with those sources IMHO]
https://www.washingtonpost.com/business/2024/10/23/sullivan-biden-white-house-economy-china
