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The John Batchelor Show

REVIEW:: #Tariffs: Comment by colleague Veronique De Rugy of Mercatus Center re the regulatory burden on American manufacturing that is far more retarding to prosperity and innovation that Chinese over capacity. More later.

The John Batchelor Show

John Batchelor

Society & Culture, Arts, News, Books

4.52.8K Ratings

🗓️ 23 May 2024

⏱️ 2 minutes

🧾️ Download transcript

Summary

REVIEW:: #Tariffs: Comment by colleague Veronique De Rugy of Mercatus Center re the regulatory burden on American manufacturing that is far more retarding to prosperity and innovation that Chinese over capacity. More later.

1920 Detroit

Transcript

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0:00.0

This is John Batcher, conversation with Vernik to Regi of the Mercata Center about manufacturing in America.

0:06.0

The Biden administration following the Trump administration of raised tariffs routinely against Chinese manufacturing overcapacity

0:12.6

a-k-a-capacity, aka dumping.

0:14.6

Nevertheless, what Varnieke observes is that manufacturing this country does very well,

0:19.6

despite regulatory burden set, get higher and higher from year to year.

0:26.8

Over the period of 20 to 12 to 22, for example, increasing 26 percent of regulatory burden costing money.

0:34.0

What is to be done? Well, first you have to recognize there's a problem.

0:38.0

Here's very neat commenting. More of this later.

0:42.0

As I said, I mean, not enough, not enough for all the talks about protecting manufacturing

0:49.0

and boosting manufacturing so the, you know, on the, on,

0:53.4

Trump wants to put tariffs up, and he has put some tariffs up.

0:57.4

And the Biden administration is putting tariffs

1:00.2

and is also doing a lot of subsidies and tax credits and things like this.

1:04.3

No one talks about before we do all this, can we lift

1:10.3

some of this burden, regulatory burden, which is enormous and that is really

1:16.8

holding back American manufacturing and in fact I just like now I'm even more in

1:22.4

all of American manufacturing, which I thought was doing well already, and now considering that I know it does so well under duress. I'm even more impressed.

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