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2. History shows how American car companies responded differently during energy crises in the past.
3. Biden’s 100% tariffs on cheap Chinese EVs may not be in the best interest of Americans, the economy, or climate change goals.
Biden’s decision to impose a 100% tariff on cheap Chinese EVs is raising concerns about the impact on Americans, the economy, and climate goals. The move is seen as a reflection of various factors, including the influence of unions, institutional Sinophobia, xenophobia and racism, and the need for an external enemy. Comparisons are drawn to past events involving Japanese car manufacturers in the 1980s and the challenges faced by American car companies in adapting to changing market demands.
The article also delves into the history of American car manufacturing and the impact of Reaganomics on income inequality. The rise of Japanese automakers in the US market due to their ability to produce affordable and fuel-efficient cars during the energy crisis is highlighted. America’s dependence on cars for daily trips, compared to other regions like Europe and Asia, is also discussed.
Critics argue that Biden’s tariff decision is not in the best interest of Americans or the environment, and may hinder progress towards climate goals. The article emphasizes the need for a more comprehensive approach to addressing the challenges in the automotive industry, including welcoming Chinese EVs in the market, similar to how Japan was embraced in the past. The role of unions, political dynamics, and global power shifts are all factors influencing the current state of the American car industry and its future prospects.