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by james_chu
772 days ago
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I really appreciate your perspective that the United States could address these challenges by investing in domestic electric vehicle manufacturing, diversifying the supply chain, promoting innovation, and establishing a robust data privacy and cybersecurity framework. Unfortunately, it seems that the Biden administration has not considered this approach. Why might that be?
Is it because imposing tariffs is the least costly option compared to making investments? |
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I also think there has been some domestic investment via the IRA, and I've seen government officials soliciting the construction of battery factories.
I think the problem is that as long as a Chinese supply chain is cheaper, any rational capitalist actor will choose that.