5/13/24: Biden tariff dumps, rabid crowd cheers Trump and leaves
The David Pakman Show
David Pakman
4.8 β’ 6.3K Ratings
ποΈ 13 May 2024
β±οΈ 62 minutes
ποΈ Recording | iTunes | RSS
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| 0:00.0 | Well, here we are once again. |
| 0:07.0 | Well, here we are once again. |
| 0:09.0 | Joe Biden is going to be increasing tariffs on certain Chinese products. |
| 0:15.0 | As many of you know, I've been critical of Donald Trump's tariffs on Chinese goods. |
| 0:20.0 | Joe Biden is also putting some tariffs on Chinese goods. |
| 0:23.2 | Well, not exactly the same, but should I oppose these tariffs if I thought that Donald |
| 0:30.0 | Trump's were a bad idea? |
| 0:31.6 | Well, let's talk about what it is that Joe Biden is doing. |
| 0:34.7 | President Joe Biden is going to be doubling, tripling, and quadrupling tariffs on some |
| 0:42.0 | Chinese goods this week. |
| 0:44.4 | One major area is that the total tariff on Chinese electric vehicles is going to rise to a |
| 0:51.5 | hundred and two point five percent from twenty seven point five percent. |
| 0:56.4 | That is a nearly quadrupling of the tariff on Chinese electric vehicles. |
| 1:02.8 | So our first step in analyzing what Joe Biden is doing |
| 1:06.4 | is to remind ourselves what did Donald Trump do. |
| 1:08.7 | What Donald Trump did is impose tariffs on Chinese solar panels, washing machines, steel, aluminum, many of these |
| 1:19.3 | from many countries, except in some cases we were disproportionately getting these things from China |
| 1:25.3 | Semiconductors computer components electronic devices various types of machinery |
| 1:31.6 | Including those used by manufacturing companies and agricultural companies, |
| 1:36.0 | products such as clothing, furniture, and toys saw tariffs imposed. |
| 1:41.0 | So the question is, are tariffs on China just plain bad or could there be a reason why |
| 1:48.8 | Trump's tariffs weren't a good idea and Joe Biden's on Chinese electric vehicles are a good idea. |
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