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How is this a "MAGA strikes again"? I'm legitimately asking.
Manufacturing has moved to China to reduce costs for decades, NAFTA was signed in the 90s, car companies have been using that to make cars for the US market with cheaper labor from Mexico since its inception. The tariffs on Chinese EVs are the work of the current administration.
Sometimes things happen because of the entire system, not because of one asshole falling out of a coconut tree
Because apparently it's a problem only when a Chinese company does it. There are no problems at all when it's GM, Toyota or Ford moving factories from the USA to Mexico for cost cutting reasons
Signed under Donald Trump
Did you not read my comment? USMCA is an updated version of NAFTA. USMCA is actually MORE restrictive in regards to imported automotives, increasing the requirement that the total value of the vehicle must come from the country of origin from 62.5% to 75%.
That does not look particularly restrictive to me.
The methods by which "total value" are calculated for country of origin leave open the possibility of building out capital with overseas resources and expertise. This has been the end-run around a host of tariff and trade provisions. You do all the hard bits of engineering abroad and then do the raw assembly of parts just on the other side of the border.
USMCA countries become a backdoor that provide for the evasion of a whole host of trade restrictions.
How Chinese firms are using Mexico as a backdoor to the US
Anywhere the US has friendly trade relations gets this same treatment. Mexico is simply ground zero because of its proximity to the lucrative Texas and California retail centers.
You're just repeating what I just said.
If you don't like free trade, don't make free trade agreements. You're actually on Team Trump on this one, he's the one who wanted NAFTA gone. "This is the worst trade deal ever made, maybe ever"
The conflict is between the ostensible geopolitical tension between the US and China and the domestic hunger for cheap imports that force American trade negotiators to simply look the other way when presented with these giant loopholes.
It isn't whether we like or don't like international trade (we clearly love it, as an economic policy). Its the confusion between stated policies (No Chinese Imports! They're bad for the economy!) and functional policies (Launder these same vehicles through Mexico and they're good again!)
Its hardly as though Trump is alone in his hostility towards Chinese trade. Biden's been at least as enthusiastic. But these foreign policy positions are all smoke and mirrors. They're intended to justify military spending in a looming second Cold War, not economic protectionism that might drive up domestic inflation rates.
Big move from "MAGA strikes again"
Biden wasn't in office in 2018. That's the tricky bit.
Ok? Kinda weird to blame the guy who moved things in the direction you want for things that happened under the guy that wants the same thing.
Or you could just stop the contortionism and admit you didn't know shit and you just wanted to blame him for something.
Which direction is that? Do you even know?
Get back in your Cybertruck and drive away
Nah, I'll drive an affordable small EV.