263 > 24 US deindustrialization

California Democrats fear US tech firm ‘death spiral’ with more China curbs Reuters.  The letter is a sign of growing pushback against Biden's semiconductor policy among Democrats from California, home to the U.S.'s top chipmaking equipment companies LAM (LRCX.O), opens new tab, Applied Materials (AMAT.O), opens new tab and KLA (KLAC.O), opens new tab. In their August letter, Padilla and Lofgren stressed that they were not asking Biden to roll back restrictions on China, but simply opposed the imposition of rules "with questionable national-security benefits" when allies do not follow suit.

deindustrialization 

050324 Stoller - If the environmental movement is arguing the U.S. should destroy its own automotive industrial base in favor of China's to reduce greenhouse gas emissions, then they will become a fringe and irrelevant group.

vox.com

Why is Biden blocking the cheapest, most popular EVs in the world?

2:01 PM · Mar 4, 2024

https://twitter.com/matthewstoller/status/1764697638492909636?t=oAiTThZ4mzhwWlooy0gznw&s=19

050324 "You can’t buy the Seagull in the US. 

But I bet you wish you could.

A small hatchback around the size of a Mini Cooper, the Seagull is a fast-charging electric car and claims a range of up to 250 miles (at least according to its home country’s generous tests); BYD, its Chinese manufacturer, claims it can go from 30 percent to 80 percent charged in a half-hour using a DC plug. It’s hardly a luxury car but it’s well-equipped, with a power driver’s seat and cruise control. “If I were looking for an inexpensive commuter car … this would be perfect,” veteran car journalist John McElroy said after taking a drive.

The best part? Its base model costs about $10,700 in China. That’s about a third of the cost of the cheapest EV you can buy in the US. In South America, it’s a little pricier, but still fairly affordable, at under $24,000 for a top-trim version. Even in Europe, you can get an entry-level BYD for under €30,000.

These are absolutely screaming deals — exactly the kind of products that could turbocharge our transition away from gas and toward electric vehicles."

 https://www.vox.com/climate/2024/3/4/24087919/biden-tariff-chinese-ev-byd-battery-detroit#:~:text=You%20can%E2%80%99t%20buy,electric%20vehicles.