Mike Faulkender, AFPI Chief Economist, joined the Evening Edit on Fox to discuss the economy.

In a recent discussion, former U.S. Treasury official Michael Faulkner criticized the Biden administration's sudden decision to impose tariffs on Chinese goods, pointing out the inconsistency with previous Democratic stances against Trump-era tariffs. Faulkner emphasized that these tariffs are a necessary tool to address long-standing issues like intellectual property theft, forced technology transfers, and subsidies to Chinese state industries.

Faulkner noted that President Trump recognized the importance of tariffs in countering Chinese economic practices, a stance now seemingly adopted by President Biden. He argued that effective tariffs don't require years to implement, as demonstrated by the Trump administration's quick deployment following short investigations.

The discussion also highlighted concerns over Biden's push for electric vehicles (EVs). Critics argue that the administration's policies, including stringent tailpipe emissions rules and corporate fuel efficiency standards, effectively ban internal combustion engine cars. This shift forces Americans to buy expensive EVs, often exceeding the median household income.

Faulkner labeled Biden's policies as detrimental to the U.S. economy, benefitting China instead. He pointed out the impracticality of requiring truckers to switch to electric trucks, which could damage infrastructure due to their heavy batteries. The overall sentiment was that Biden's policies are politically motivated and poorly thought out, aiming to curry favor with specific voter groups at the expense of broader economic stability.