Tag: Trump tariffs

China vs. the US: shipbuilding, subsidies, and the Jones Act

Ms. Cat

Hypocrisy thrives where double standards prevail.

Earlier, I stupidly tweeted out an article about the Jones Act and shipbuilding and Colin Grabow, from the Cato Institute, liked it (he was quoted in the article). I looked him up and decided to listen to this video on the shipbuilding competition between China and the US, where he and a lawyer for United Steelworkers were on the panel. China is eating their lunch, and it’s the ruling elites’ own fault, yet they scapegoat China for it. The double standards over China’s “unfair economic practices” AKA the subsidizing of their shipbuilding industry irritates me (liars irritate me even more). States give subsidies, grants, and tax breaks to corporations, all the time. Fincantieri Marinette Marine is just one example, but Wisconsin had done the same for Foxconn. Foxconn received tax breaks and $3B in subsidies, which was “the largest ever subsidy provided by a state to a foreign company”, despite not living up to their promises.

Rumble

Colin Grabow wants to end the Jones Act. I’ve made at least three video clips regarding the Jones Act, two with Sal Mercogliano from What’s Going On With Shipping and one from the government-funded CSIS (I’ve posted them, below). Spoiler alert: Sal says that the problem isn’t the Jones Act. Meanwhile, both CSIS and the Cato Institute (part of the Atlas Network) blame the Jones Act. Deregulation is a wet dream of big corporations (which fund both the Cato Institute and CSIS).

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Trump and Biden, Republicans and Democrats all agree: affordable Chinese cars should be banned

Ms. Cat
Trump and Biden, Republicans and Democrats all agree: affordable Chinese cars should be banned

Related:

Trump’s attacks on Chinese cars strike a chord — with both parties

“Ohio knows all too well how China illegally subsidizes its companies, putting our workers out of jobs and undermining entire industries from steel to solar manufacturing,” Brown said in a statement. “We can’t wait for China to run this same playbook in the auto industry — we need strong rules, including but not limited to tariffs, to stop a flood of Chinese electric vehicles that threaten Ohio auto jobs.”

…

He said the average price gap between a Chinese vehicle and its U.S.-made counterpart ranges from 44 percent to 179 percent. “That is a massive gap,” the executive said. “Tariffs alone aren’t going to take care of that.”

Reuters: Mexico yields to US pressure on incentives for Chinese car makers

He said that such incentives have declined during the government led by President Andrés Manuel López Obrador, who took office in late 2018, although they have been offered to large investors such as Audi.

Hypocrisy, Thy Name is the United States:

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Biden’s push for more Chinese steel tariffs is a political decision, not an economic one: Analyst

Ms. Cat
Biden’s push for more Chinese steel tariffs is a political decision, not an economic one: Analyst

Biden wants to hike tariffs on imports of Chinese steel and aluminum

Chinese steel imports account for less than 1% of U.S. demand, officials told reporters. But Chinese subsidies and programs mean its steel prices are 40% lower than U.S. prices, and the Biden administration is worried that there could be a surge of exports.

Related:

Trump’s tariffs are equivalent to one of the largest tax increases in decades

New Democrat Coalition Trade Task Force Statement on Section 301 Tariffs Announcement

Trump invites Chinese to build US auto plants

Ms. Cat

Trump invites Chinese to build US auto plants

Trump’s offer to China went unreported in virtually all media. Mainstream US media attacked the former president for using the term “bloodbath” to describe the impact of prospective Chinese imports on the American auto industry, implying that he had threatened actual violence if he was not elected. But the transcript of his remarks at a Dayton, Ohio, rally makes clear that he was referring to industry conditions.

TSMC Arizona chip plant will be a paperweight, says analyst

Ms. Cat

The TSMC Arizona chip plant is behind schedule, over budget, and the subject of contention in online forums – and now an analyst says that it will be little more than a useless paperweight, even when it does finally begin production.

Not only will it only make chips for older Apple devices, but it can’t even complete the process of making those without sending them back to Taiwan for final assembly …

TSMC Arizona chip plant will be a paperweight, says analyst

Secret Intelligence Leaks vs. Basic Common Sense

Ms. Cat

Historical Examples

During 1940 the determined efforts of President Franklin Roosevelt to involve America in the war against Hitler’s Germany were blocked by the overwhelming opposition of the American people, running at 80% according to some polls. A group of young Yale Law School peace activists had launched the America First Committee and it quickly attracted 800,000 members, becoming the largest grassroots political organization in our national history. The leadership of the AFC included many of our most prominent business and journalistic figures, and famed aviator Charles Lindbergh, one of our greatest national heroes, served as its top spokesman.

Secret Intelligence Leaks vs. Basic Common Sense

Related:

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Foxconn Selling Two Empty Wisconsin Buildings After Failed Promises to Bring Jobs to the State

Ms. Cat
Source

The manufacturing project became infamous when former President Trump broke ground at the site and red flags became immediately apparent.

Foxconn Selling Two Empty Wisconsin Buildings After Failed Promises to Bring Jobs to the State

Related:

Trump promised this Wisconsin town a manufacturing boom. It never arrived.

Roughly 100 homeowners and farmers were forced to move, sometimes under threat of eminent domain, so their properties could be bulldozed to make way for the campus, according to residents and village officials. The village paid more than 40 percent over market value for that land, officials noted.