Click for more.
Bosch said today that it has taken another step toward climate-friendly logistics. Its Nuremberg plant recently started using a fuel-cell electric truck in plant traffic. The truck is equipped with the Bosch fuel-cell power module (FCPM). [The Germans, who once scoffed at Japanese technological prowess appear to be trailing them in fuels cells – AutoCrat.]*
“When we decided to make our plant traffic more climate-friendly, it was clear that we wanted a truck featuring Bosch’s FCPM,” said Alexander Weichsel, the commercial plant manager in Nuremberg. “This deployment is an important building block that helps us reduce our emissions in logistics. The fact that several thousand trucks with Bosch fuel-cell systems are already on the road worldwide shows that the concept is proving its worth.” Continue reading
Negative Consequences – Trump Tariffs on Input Goods
This just in: Tariffs generate less revenue and more efficiency losses than income taxes.*
“While income taxes have been the cornerstone of U.S. federal tax policy since the early 20th century, the Trump administration is shifting tax burdens away from income taxes and toward import taxes. Kimberly A. Clausing of the University of California, Los Angeles, and Maurice Obstfeld of the Peterson Institute estimate that a U.S. effective tariff rate of 20% would generate roughly $300 billion in revenue per year, which amounts to less than one-sixth of the revenue raised annually by personal income taxes. Tariffs also generate considerable deadweight losses—expanding import-competing sectors and shrinking export and non-traded goods sectors—that will amount to approximately $113 billion per year, or more than one-third of the revenue raised by the tariffs. Continue reading →