The European Union has announced that it will require Chinese companies to open factories in Europe and share their technology if they want to compete for grants that the EU is putting out to improve battery technology for electric vehicles.

Remember, this is from the region of the world that wouldn't share COVID vaccine technology.

Today, we'll discuss this new announcement,

Trump's tariffs on China,

and how this will impact all of us.

We need a new system.

We need a new society.

We need to demand that which may have sounded impossible

even a few weeks ago,

but is not only realizable,

but an imperative necessity.

Thank you. but is not only realizable, but an imperative necessity. The We are very excited to have Professor Richard Wolfe join us for a regular weekly segment where we discuss the biggest stories relating to the economy, the state of the working

class, and the crimes of big business. I'm Nicole Roussel,

sitting in for your host, Brian Becker. The Socialist Program brings you content several days

a week thanks to the support of our patrons at patreon.com slash the Socialist Program. We appreciate

all of your support and encourage you to become a patron today if you enjoy listening to the show.

Richard Wolfe is the co-founder of the organization Democracy at Work and the author of many

books, including Understanding Capitalism, which is now available at Democracy at Work.

Richard, welcome back.

Thank you very much, Nicole. Glad to be here.

We are always glad to have you.

And in this topic in particular, it's, you know,

...