The demand shall come from where? A 100% tariff on Chinese E.V.s indicates an extremely uncompetitive domestic manufacturing sector . The supply chain currently is dependent on China. Are consumers willing to buy vehicles at double the price? A shift from the rentier financialized economy to a focus more on industrial capitalism and rebuilding the hollowed-out middle class requires tax reform. Yes, a wealth transfer of sorts rather than the glib, false "trickle-down".
Selective tariffs are appropriate when faced with dumping which is true in the China EV case.
And a tariff is a good mechanism and self funding to rebuild industrial capability that we need to do to have a balanced economy.
If we reduced the duplicitous global imports into the USMCA we would enjoy an internal increase in GDP without any added internal cost of capacity. This would pay for many things we need to rebuild our out of balance economy.
The demand shall come from where? A 100% tariff on Chinese E.V.s indicates an extremely uncompetitive domestic manufacturing sector . The supply chain currently is dependent on China. Are consumers willing to buy vehicles at double the price? A shift from the rentier financialized economy to a focus more on industrial capitalism and rebuilding the hollowed-out middle class requires tax reform. Yes, a wealth transfer of sorts rather than the glib, false "trickle-down".
Selective tariffs are appropriate when faced with dumping which is true in the China EV case.
And a tariff is a good mechanism and self funding to rebuild industrial capability that we need to do to have a balanced economy.
If we reduced the duplicitous global imports into the USMCA we would enjoy an internal increase in GDP without any added internal cost of capacity. This would pay for many things we need to rebuild our out of balance economy.
I suggest you read my book at www.nigelsouthwayauthor.com or at least some of my articles on that site.