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Biden is enabling the impending auto bloodbath
U.S. Senator Marco Rubio (R-FL)
April 3, 2024
…Through heavy investment in research and development, China has improved the quality of its products and quadrupled its auto exports since 2020…. China’s ascent is especially pronounced in the market for electric vehicles….
Chinese vehicles have yet to meaningfully penetrate the United States, but it is only a matter of time before Chinese automakers are able to absorb our tariffs. This is a massive threat, not just because of the auto industry’s symbolic role in the U.S. economy, but because vehicles and vehicle parts still contribute more to our exports than any other industrial products.
So, what are our leaders doing to keep America competitive? For Biden, the answer is “not much”….
Biden’s new tailpipe emissions rule is designed to cripple this highly productive sector, thereby forcing consumers to buy EVs. Meanwhile, [the president] is waiving “Buy American” requirements for EV chargers, meaning U.S. taxpayers are funding the deployment of Chinese charging stations across the country….
Chinese auto companies are [also] setting up shop in Mexico, where they hope to use the U.S.-Mexico-Canada Agreement to bypass our tariffs entirely…. U.S. companies are already raising the alarm about what’s coming, calling China’s backdoor in Mexico an “extinction-level” threat….
That’s why on March 5, I introduced three bills to protect American automakers….
Will Biden and my colleagues in Congress support them? For the sake of our automakers and the workers who depend on them for their livelihood, I hope the answer is “yes”….