And the Welcome friends to another edition of Economic Update, a weekly program devoted to the economic

dimensions of our lives and those of our children.

I'm your host, Richard Wolf. I want to remind you as usual that we have a volunteer, Charlie

Fabian, who's ready and willing to take whatever suggestions, contributions,

of thoughts about programs you might want to send in.

Please use his email address as follows.

Charlie.

info 438.g. Charlie. at gmail.com. Today's program is going to be talking about tariffs an increasingly

important part of our economic system. A remarkable unity and win of working teachers in Fairfax County, Virginia, and the struggle

between the workers and students in California and the six campuses

of the University of California, which is the largest public school system in the United States.

In our second half, we will interview

famed film director Josh Fox,

and you will learn about his work around the struggle about fracking climate change and so on.

So let's jump right in.

The European Union just voted to increase the tariffs against Chinese electric vehicles, cars and trucks.

It had been 10%. It's being raised by an additional 38%. So we will

now have 48% tariff in Europe, European Union, against China's electric cars.

What that means, let be sure we're all on the same page, is that whatever the price of a Chinese

car is delivered to Europe, anyone in Europe buying it will have to pay that price plus 48% of it to the European Union.

Wow. You know what that does? It makes Chinese vehicles much more expensive than they would otherwise be.

And who does that help? Well, the producers of cars inside Europe, they don't have competition.

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