Tariffs aren’t great solutions, but the only alternative would be outright banning. The latter would have a sudden and financially profound impact on American consumers.
Again, I agree, but my comment was about automobiles.
Nearly 40% of Honda’s automobile production took place in China in the last financial year.
Honda would continue to keep its supply chain in China for the domestic market in the world’s second-largest economy while building a separate one for markets outside of China, the Sankei said. It did not say where it got the information.
That’s not “pulling out of China”. That’s a sign of Chinese domestic automobile consumption rising.
Biden has expanded Section 301 of the Trade Act of 1974 to include more imports.
I haven’t seen much to suggest he’s enforcing it. These laws are consistently toothless, in the same way more and more of our regulatory system is toothless.
Again, I agree, but my comment was about automobiles. You have the habit of misrepresenting my point.
https://boydcoddingtonwheels.com/car-companies-pulling-out-of-china/
https://www.iwkoeln.de/en/studies/juergen-matthes-competitive-pressure-from-china-for-german-companies.html
https://www.ft.com/content/d88955d4-2bc8-476e-9cdb-882ca3c3b10d
https://www.reuters.com/business/autos-transportation/us-lawmakers-press-automakers-cut-reliance-china-over-supply-chains-bloomberg-2023-06-19/
As for other consumer goods, Biden has expanded Section 301 of the Trade Act of 1974 to include more imports.
https://ustr.gov/issue-areas/enforcement/section-301-investigations/tariff-actions
Tariffs aren’t great solutions, but the only alternative would be outright banning. The latter would have a sudden and financially profound impact on American consumers.
That’s not “pulling out of China”. That’s a sign of Chinese domestic automobile consumption rising.
I haven’t seen much to suggest he’s enforcing it. These laws are consistently toothless, in the same way more and more of our regulatory system is toothless.