Swiggity swooty the oil lobby is coming for your booty
Heezul Schneezul, the future is diesel.
Disease-al
Funds raised will be used to offset further increases in subsidies to the domestic oil industry
In all honesty they could use this tax and an extra oil tax to subsidise the shit out of solar and EVs
Yeah, except everyone has had it beaten into them - nobody fucks with gas prices.
Every news outlet in the country runs the same news segment practically daily - “Let’s complain about gas prices”. We’ve somehow made it the subject of basically nonstop discussion.
I mean, there is a case for discussing gas prices since it’s the price of mobile energy for everything from tractors to trucking to electricity. The gas price, specifically crude oil price, used to be synonymous with energy prices so any increase in oil price would mean a major hit to cost-of-living increases.
It’s outdated as hell.
If people can afford to commute to office jobs in 5,000lb trucks the gas prices aren’t high enough.
Every time someone brings up gas prices I’mma just be like: “you know where the cheapest gas prices are? Electricity.”
Repeatedly stomping on my collection of rakes to own the commies
That’s not how you ensure America leads the world in them. That’s how you ensure corps feel safe not doing shit to innovate anymore. This is just another form of a bailout.
Doesn’t China subsidize what they export on top of having cheap labor? In that case a free market argument cannot really be made. The innovation in the US or elsewhere would have to be extreme shifts to compete.
Idea of free market is that it’s better than a manage market. If there’s room for innovation, the free market will find it. Central planning leads to being risk adverse and exploiting inefficiencies to soak up government money. So if free market is your religion, you shouldn’t be bothered that China tries to plan their production instead. Cheap labour also doesn’t hold since the USA has historically been happy to have their companies contract labour from cheaper countries. So if you’re losing due to Chinese salaries, just hire Chinese people.
Also, China doesn’t subsidise any of these exports. Then they’d lose money, and they’re exporting to earn money. They subsidise R&D and domestic sales of things that’ll make domestic companies more productive and competitive.
Cheap labour also doesn’t hold since the USA has historically been happy to have their companies contract labour from cheaper countries.
There’s also all of our prison slaves (inb4 they’re not slaves because they get paid a few cents per hour).
Didn’t they do the same for Japanese goods back in the day? Not sure it helped the American automotive industry.
Yes- it’s the United States
Interesting word choice. China wants to “dominate”, the US wants to “lead”.
I mean, of course there’s loaded language in all this. Are you also surprised at the language and rhetoric used by Chinese government and media sources when they talk about the US?
I don’t tend to see that stuff, but I wouldn’t be surprised.
You can’t say the quiet part out loud.
F. I’m trying to buy solar panels right now and China has some good ones.
No one in the US will dive into major production of such things without a more guaranteed long term tariff. Not something that may go away within 5 years time. Also, there identify a snowballs chance in hell the US will be a world leader in solar production. We might dominate the US market.
Steel I get. That’s an environmental issue since US creation is way more carbon friendly. However the rest makes no sense without an announcement in domestic investment that is pulled from currently used non-environmental budgets.
This is helpful, thank you.
Wait we gave the Auto industry money for EVs and 50k SUVs were the result? Holy shit, that’s right up there with giving 4 billion to the telecoms for no actual network expansion.
And did that money go directly into production?
Or did it pad some folks pockets?
yes
Here’s some highlights from the sources I put in the original comment since you can’t be asked to open them…
Clay, New York: Funding will support the construction of the first two fabs of a planned four fab “megafab” focused on leading-edge DRAM chip production. Each fab will have 600,000 square feet of cleanrooms, totaling 2.4 million square feet of cleanroom space across the four facilities—the largest amount of cleanroom space ever announced in the United States and the size of nearly 40 football fields.
Boise, Idaho: Funding will support the development of a high-volume manufacturing (HVM) fab, with approximately 600,000 square feet of cleanroom space focused on the production of leading-edge DRAM chips. The fab would be co-located with the company’s existing, leading-edge R&D facility to improve efficiency across its R&D and manufacturing operations, reducing lags in technology transfer and cutting time-to-market for leading-edge memory products.
at least $40 million in dedicated CHIPS funding for training and workforce development to ensure local communities have access to the jobs of the future.
the U.S. Department of Energy (DOE) through its Loan Programs Office (LPO) today announced the closing of a $362 million loan to CelLink Corporation (CelLink) to help finance the construction of a domestic manufacturing facility that will produce components essential to electric vehicle (EV) assembly. Located in Georgetown, Texas, the facility will develop lighter and more efficient flexible circuit wiring harnesses—sets of wires and related equipment that relay information and carry electricity throughout vehicles. Once fully operational, the facility is expected to produce enough wiring harnesses to support the manufacture of approximately 2.7 million EVs per year and create 165 construction jobs and more than 1,200 permanent jobs.
The official source for the solar for all does have a broken link which is supposed to direct you here where it explain each of the 60 grants that were issued.
To awnser your question, production.
Located in texas isnt likely to sit well with baron von abbott and his henchmen
It’s cool how you just take them at their word.
But my point is that none of this is being done efficiently. Instead, middlemen siphon money from the project to pad their pockets and stretch out the timelines for completion. I won’t be surprised if some of these projects go over budget, over time, or need additional funding.
Wake me up when these projects complete. Then we can look at how much they really cost and how long it really took and how much they really produce.
Love how you slide them goalposts around
The money does not go directly to production, that’s the goal post. It goes through a dozen people’s hands before the ground is ever broken on one of these projects, and every one of those hands takes their cut to pad their pockets. That was my point.
Pretty sure the steel tariff is a bad thing too. There are certain grades of steel that just aren’t produced in the US. People threw a fit over it when trump did the same thing.
these actions already admit defeat
Are iphones tariffed as well? It’s also from China
Technically. However, the end product is sold by a US company, so from the gov. POV it is fine.
Banning chinese manufactured products would mean banning a huge portion of the domestic market.
So US companies will buy things those from China, slap a logo on it and sell American Made goods at a h huge markup
Technically yes. However, most of the time, they just outsource manufacturing. Research and developement is still usually done in house. Apple for example, wrote the software and designed the hardware for the iPhone but assembles it in China because of cost.
This is the trumpiest shit ever.
That’s… That’s not how any of this works.
Their “determined to dominate”
Our “determined to ensure we lead the world”
What a bell-end. Maybe instead of tariffs the US should begin vesting in education, job training, and research into these sectors so it can compete instead of trying to hobble the competition in the domestic market. This is just protectionism by a different name
That takes too long, Ford wants money now
You want Amerikkka to lead maybe subsidize EVs as well?
Why can’t we all win? (Ide rather bus/rail and walkable cities)
The US government does subsidize EVs (it’s the only reason Tesla can exist, for instance), the problem is that all their subsidies just get used for stock buybacks. Why would a privately-owned company actually create more factories? That’s just not profitable.
The most rational system.
The government does subsidize EVs.
Additionally even used EVs are subsidized.
Between federal and state tax credits, as well as utility company rebates, my folks just got over 5k back for a used Nissan leaf. They were able to trade in their old clunker, netting a profit of a few hundred dollars to upgrade to a practical used EV.
What an awful god damn tweet. Are the tariffs to combat Chinese governmental meddling? If so, great. If not then they’re protectionist stupidity that’s sure to draw a response. This tweet sure makes it sound like it’s the latter. sigh
Chinese government interference
What a fucking joke. Why are we expected to take these people seriously? Communism will win, Death to America.
