Since Michigan is crucial to another four years of Biden Obama Rule, Sponge-Brain-Shits-Pants is waving a "tariff" card on Red China-built autos.
While it resembles what Trump did, it's not what Trump did; in fact, it's just a Holy Picture pose.
...this tariff approach is politically duplicitous by Biden against the backdrop of massive investment in Mexico by the three largest Chinese EV automakers. Last December the three Chinese auto manufacturers, MG, BYD, and Chery, announced they were going to spend billions building new EV manufacturing plants in Mexico. Each Chinese auto manufacturer was going to spend between $1.5 to $2.0 billion.
Those Mexican built Chinese EV’s would pass into the USA market under current USMCA trade rules and regulations, as long as they technically meet the material origination rules. This can make tariffs against the Chinese imported EVs a moot point, because China will be making them in Mexico (North American trade agreement)....
Trump's tariffs included ALL China autos.
Not incidental: BlackRock has its hooks into the Chinese-Mexican equasion, too.
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