this post was submitted on 10 May 2024
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I'm usually against tariffs but in this case it seems like a pretty fair tit for tat to China basically removing the budgetary concerns for their manufacturers that said manufacturer's international counterparts won't have.
Subsidizing local production for local markets is fine enough, but exporting products made with an infinite money glitch active is more or less an intentional play at market capture.
And before some sinoboo tries to gatcha me I do also object to examples where the west subsidizes domestic production for international markets.
I want a $10000 car that would normally be inflated to $30000 in the US.
I’m no lover of China, but fuck the capitalist auto companies.
That $10k Chinese car cost $20k to make. A competitor undercutting the market that much leads to monopolization. When that competitor is being bankrolled by a foreign government it's potentially even a hostile act.
People have been mad for decades about what Walmart did to retail in the US. Taking steps to prevent that from also happening with the auto industry should be appreciated.
And the government stepped in and addressed the situation, right? Right?
They fucking should have. I'm not gonna give China a pass just because Walmart got one.