FOXNEWS The Ingraham Angle June 4, 2024 02:09:00
I wrote a piece a few days ago talking about the cost of transformers. distribution transformers the wait times are 1 to 2 years. last year we saw utility products from transformers, and the inflation rate was 18%. over the past 2 years, we have seen the price of utility products go up by a third. these are costs paid by all consumers. it won't be borne equally. ford just a few days ago announced a huge loss in their ev-business. they lost $34,000 on every one they made. you can't makeup for that in volume. it doesn't work that way. >> jason: let's talk about china. it was chicken of the presi...