"If you want to understand any problem in America, you need to look at who PROFITS from that problem, not at who suffers from that problem." ~Dr. Amos Wilson
They would if they could: "In 2022, both U.S. exports to Germany and imports from Germany continued to grow for a third year in a row. U.S. exports totaled $72.6 billion, a decrease of 11.1% ($7.2 billion), and U.S. imports totaled $146.6 billion, a decrease of 8.7% ($11.8 billion). The trade deficit was $74.1 billion, increasing 6.5% ($4.5 billion) from 2021." Retaliating means shooting themselves on their feet.
@@garyyakamoto2648 I didn't realize germany's surplus with the US was as much as $74 billion !! They have got so much to lose if they don't play ball with the US.
When ordinarie family cars are priced at $40-60k and pickups at $80-100k, what did they think would happen when people are struggling just to pay their food and bills 🤔
@@Bonanzaking In 2019 they cost relatively the same, as ever, but since 2019 they have definitely out-paced inflation whilst other society costs that typically hurt fixed income or low-income people such as food and utilities have gone up too. Over the last half decade cars have gone up but available spending has gone down.
@@Bonanzaking you are forgetting the most important factor and that is income, this has not risen to match inflation for most people, compounded by everything else going up, not much left to buy cars.
Germany's power prices are even higher than Australia's, so I'm surprised they lasted this long. However, in Australia, in the spirit of free trade, the government stopped subsidising the local auto industry and removed luxury car tariffs (remember all the Luxury German mega car dealerships that sprung up overnight?). The German government I believe still subsidises its auto manufacturers. The EU probably has tariffs on imports.
All the talk of decoupling from China for the last two years has now come back to bite the EU where it hurts the most, their wallet. The EU will soon learn the hard way that America has now become fair weather friends.
it's US infiltrators and their paid traitors that have successfully turned EU into a slave servants , it's the EU populations that allowed them to succeed . now it's a permanent sad state of affairs . EU has 2 choices ,, slavery to US or begging forgiveness from Russia , someone is f**king EU !!!
Trumps point has been that Germany has enjoyed one-sided protections under the Marshall plan from the end WWII which have disadvantaged US imports. So, another option would be for Germany to drop its tariffs on US car imports
Actually the German car companies make cars here in the USA and export some of that production back to Germany. I know BMW does it, VW does it with some SUV models, not sure about Mercedes. Don't forget the 'Chicken tax' too.
@sweden_is_xxxx the US wanted to do it to create a Bulwark against the Soviets. The Germans squandered this advantage and even laughed at Trump's face when he mentioned Germany's reliance on Russia's energy. The arrogance and disrespect of the Germans is coming back to bite them.
Maybe not just me noticing this: Trump and his adminstration (including Elon) look down on Germany and EU in general, but the leaders in EU/Germany still HAVE TO smile and please Trump/Elon, hoping that he would take it easy on them (EU/Germany). Tariff is one thing. NATO contribution is another thing. Ukraine aid is another thing. The list keeps going on and on! 😅
Americans who think tariffs will benefit them are in for a serious shock when prices all over the economy rise through the roof… simply because US corporations can raise their prices with no fear of foreign competition.
False statement at best, if not a lie. 1 - Tariffs is a fee paid before goods are sold (there is no guarantee they will ever sell). So that money taken by gov will not be taken via other taxes, but from the importers 2 - The price of the imported goods is determined by fair markets, not how much are the tariffs. If there are goods made in the USA with cheaper prices, those will sell (I personally know a steel factory which went bankrupt simply b/c at one point steel coming from China with no regulation came 5% cheaper. After Trump tariffs, it restarted to work) 3 - Tariffs make sense only when there is huge discrepancy on standard of living, or only one party has tariffs more than the other party (e.g. Canada, the EU, China in avg do have higher tariffs on the US goods) We have been here more than I can count. The most "tariff war" I remember vividly, it's when Ford in lobbied to tariff Japanese cars 100% in 1995. The outcome couldn't be more funnier. Toyota built factories in the US, and competed neck-to-neck with Ford, then Ford "said tariffs don't work". The reason for it was that Ford started to outsource and wanted to pay no tariffs on imports. The winner was the middle class - they started to find jobs in Toyota factories. Plus, if tariffs didn't work, the EU, China and the UK wouldn't have in average higher tariffs on the US than we have on them. If you go back to Clinton & Obama campaign before becoming presidents, both promised to increase tariffs. Also, remember, with new tariffs Trump had in 2016, the economy boomed. And then we had COVID, but that's another topic.
@@marcsimmonds5483 So what do you think the stock market believes. That Trump is going to raise tariffs and nobody’s going to retaliate? Now they believe he’s going to cut reregulation which will allow them to earn additional profits.
@@gencymeri8770 you forgot to mention in your piont 3, that Americans started to buy more Japanese cars than US brands because Japanese cars were way superior in every aspect. The majority of people did not want technologically backward cars for the same if not higher price.
It's the opposite, it's f. crazy how things have been working for so long in Germany. I have friends and family living in Germany. When they tell me stories like "Need to get a report from a doctor I have been sick 3 days, 1 year maternity leave, 1 month vacation, gov. pays on top of the tuition to go to school, education & healthcare is included in their 40% taxes.." I smh in disbelieve. I pay roughly the same amount of taxes in the US, and still have to pay for healthcare, kids college, property tax which is rounfly 10% of my annual salary,...
Yes, imagine you’re in industry is so fragile that if the government taxes it by 25 to 50%, it will become un affordable. Is that what you’re saying that every industry is that fragile?
All of Northern Europe is the same, if not all of Europe AND other countries such as Australia, Japan, Canada and several others. However, prepare for the journey downhill. I think we're there now and it's only going to go faster and faster. By 2030 you'd better hold on to your wigs or you're going to become bald.
It's insane that the US has not had a revolution yet, with corporate gouging, predatory healthcare, local government corruption, SCOTUS, corruption ... Even the so-called "well off" in the US, like Luigi Mangione, get SCREWED by the system ...
German car companies make cars in the USA, usually the models that have the best American sales. VW, BMW, and (I believe) Mercedes all have plants here. Some might even be exporting certain models back to Europe. Its not just tariffs, but when they are selling a huge number of vehicles its cheaper/more economical to build and sell them here rather than ship over on a boat.
German cars sell well in US because American cars are shit. So basically the choice for anyone who thinks a bit is to buy either Japanese brand or German brand. Not so much choice in US to begin with.
Puebla Mexico is where the VW Tiguan and Taos are made. Sure, Tennessee makes the lower volume Atlas and ID4. All but the ID4 are traditional ICE vehicles with VW's TSI engines.
@sweden_is_xxxx their products in the USA depreciate quickly. Consumers don't relish them like they used to. Sure, people love the GTIs but the mainstream SUVS and cars don't have the best reliability. Fahvernugen in the US is dead.
The cascade effect has begun two years ago and is playing out as we end 2024. 2025 is not going to be a pleasant market for anyone globally for cars that we all love to pay high prices for…
Those EU countries that voted "yes" to the EV car tariffs either produced no cars or produced far fewer cars. This convinced everyone that she(Ursula) is to deindustrialize Germany. Not helping workers.
The problem for Ford, GM and Stellantis is that they have retreated to the pick-up truck market in the US, having vacated the sedan market. Trump levying tariffs on imported EV sedans is not about to improve the big three’s prospects.
Audi just reported they're shutting down/mothballing their EV plant in Brussels due to lack of sales. Meantime in the U.K. second hand diesel cars have reportedly increased in value by 10% over the past year according to the newspapers. EV sales in the U.S.A. are stagnant whilst hybrid's are going like gangbusters - they can't make enough of them, particularly Toyota hybrids.
You have to put some blame on the unions and government too. You can’t create competitive cars when your autoworkers are paid substantially more than your competitors.
@@GiantsOnTheHorizon Don't forget that American automakers aren't much better. They can only make high priced SUVs and trucks here in the US. All their subcompact SUVs are either made in Mexico (Ford) or Korea (GM) and "shipped" in.
@@GiantsOnTheHorizon That's not entirely true. Labor costs are not entirely what drives the cost of the product. It's how efficiently it is manufactured and how much the company intends to sell it for. VW will be supplied low carbon steel by Thyssenkrupp Steel. Now as far as Thyssenkrupp, they too think to be efficient they must lay off a few thousands too. I wonder how much that is about new technology...
Mercedes, BMW, and VW each have one assembly plant in the US. I have not looked at the content labels on a US built Merc or BMW, but would suspect that many of the internal components, engine, transmission, and such, are imported. In VW's case, the engines are imported from Mexico. Stellantis only imports a handful of Alfas, Masers, and Fiat 500es. Ford imports nothing from Europe. Based on what happened when Trump was last in office, and imposed a protectionist tariff on Korean built laundry washers, US made cars will see their prices increased to match the tariff inflated prices of imports, so there will be no net loss of competitiveness for imports, unless Trump also imposes a limit on the number of cars imported, before the tariff is stepped up to a wholly impossible level. Trump's washing machine tariff had two steps: 20% and 50%. Once the 50% level was reached, Korean washers were no longer available. The other variable is the incoming Trump administration is openly, proudly, anti-EV.. My theory is Musk has lost interest in Tesla, beyond using Tesla owners as beta testers for his AI systems.
The us needs ev imports. If they put tariffs on eu cars there is even less ev push in the us. Its about growing the ev segment, otherwise it won't ever happen. We either need cheap fast public dc charging or chinese evs with reasonable tariffs to drive ev transition in the us, whichever is faster would be better
we don't need ev imports. Hybrids will be our transition. Our grid can't handle putting up fast public chargers, and our government shouldn't be using public monies to install them. EVs have about a 30% penetration in the USA market at best.
The EV Revolution is delayed by ten years in the US if not longer. One study said 72% of actual EV buyers would buy ICE or another technology next time. That is not product satisfaction!
@@capnkirk5528 The US is not going to fall behind just because they don't adopt EVs like Europe. The government should not be mandating anything nor build fast charging stations with public tax dollars. Gas is cheap here. Americans like hybrids. Economics have a lot to do with it. We can't power our grid with windmills and solar panels.
I was surprised to discover that Stellantis' crazy strategy of many brands and many many models may actually work to their advantage. There are only THREE BEV models they manufacture in Germany: 1. Opel Astra Electric 2. Opel Zafira Electric 3. Vauxhall Astra Electric All other BEVs, 33 models, are made either in France, Italy, Morocco, Poland, Portugal, Spain, or the US.
Now Europe needs to buy more expensive gas, more expensive petrol so higher energy costs. If they don't they face tarrifs. Damn if u do, damn if u don't
I am in Canada and we out 100% tariffs on EV,s from China Trudeau was supposed to be all about green energy. Makes no sense I can’t have better options
Big fan of your channel, although keep feeling that every time you talk about EU automakers and their fall, you present it as something positive . Which is not mate, world doesnt need 2 super economies and the rest of the world trying to pay the rent at the end of the month/ I live in EU and the amount of people that find it hard to rent a home keep increasing....wouldnt comment if i didnt like you!
Europe had cheap Russian energy for decades. Now it's gone and Europe will have to compete with others in the same situation. Not so fun then. If you're European like me...prepare to become poorer for the rest of your lives. It's downhill from now on.
The tariffs are history repeating. The USA already has tariffs on that protect trucks and AWD's. It has made the manufacturers dependent on less competition and is an inefficient way to make a profit. It's also the opposite of what E. Musk is talking about, which is efficiently in all areas of activity. Tariffs will drive greater inefficiency and increase costs in the USA. E. Musk is correct in saying the USA must be more efficient at what they do, and tariffs will do the opposite. Competition in the market will drive greater efficiencies. A tariff plan to get less efficient will in the long term harm the USA. It is the opposite of the efficiency policies E. Musk is advancing and the opposite of competition in the market.
Considering Sam seems to regularly project and confuse Chinese EV dominance in China with the rest of the world car market (especially in video titles) I'm not surprised he does that between Moore's Law and Wright's laws
Keep in mind that North America gets many of their VWs from Mexico under NAFTA. It's been like this for a long time. We can only wish we had German-built cars imported from Germany. Reliability has gone down over the years.
Eventually, China will supply the entire world... A few rich folks are buying a specialty made T-shirt going for $150. The majority is happy with a Chinese made T-shirt selling for $9.99.
I don't see anything made in china as being less expensive than when it was manufactured locally. I think the middle person is doing better than ever because of it though.
@@rioriggs3568 you are comparing the cheapest items that are nearly always junk, Use them a few times then place in the bin. When Australia used to manufacture quality products There was no need to replace everything so frequently. Everything costs more if your replacement is more frequent.
My wife has a Mercedes,it is in the shop all them time, requires high doller gas. I own an oversized ram truck,use cheap gas,it has 110000 miles and has been in the shop 1 time with a bad starter. I will drive it till its worn out. Do the Chinese or germans buy ameican cars ? Tariff them
GM, Ford & Chrysler are going to be just fine, they have their huge, robust and healthy domestic market to rely and anchor on. Granted, Chrysler, being within Stellantis is in the most delicate position, as long as it is tied to the euros. GM actually withdrew all but completely from the chinese market years ago, and that was not so wrong after all. The situation Germany finds itself in however is vastly different, 50% of total VAG sales are coming from china, and the chinese economy in general has been an inflated zombie.
Wonder whats germany take on whether being dependent on russians gas better or US. Always respect the germans but this time they showed the world how dumb 1 can be
U.S. 36 TRILLION in debt .... over 40 TRILLION at the end of Trump's term. Overcapacity: Debt; Dollars; and Wars ..... 😆 But China is in real trouble. 🙂
Trump is good for America. If I was American I'd have voted for him. Now as a European I will get hurt, but that doesn't change the fact that he's good for the US.
When Trump told the UN that Germany was crazy for relying on Russian gas, they laughed at him. Well, they're not laughing now. And Trump, he remembers. He doesn't forget and he doesn't forgive.
@@darthkek1953 Well regarding that I think Germany didn't have much choice. They bought cheap Russian energy and could therefore be competitive for decades. If they had boycotted Russia the last 20-30 years then Germany would've been much poorer the last 20-30 years. Russian energy made Germany competitive and rich. The only alternative would've been to buy more expensive energy from elsewhere and have the country deindustrialise much earlier. I really don't see any reason in that argument.
German cars exported to the U.S. cost about 20%-40% less over there and are often better equipped. U.S. cars imported to the EU are subject to about 11% custum duties including papers and documentation plus an average of 20% or more local VAT for the final consumer (the same VAT that applies to any european car). Export is exempt from VAT. From an american or international point of view it´s easy to interprete this as "at least 31% tax on our cars" which in the end happens to be true, call it what You want or comparing apples and beans. It is much cheaper to buy and run a car outside the EU. For EVs until now there were some reductions. The Tesla Model 1 S P100D from 2016 to 2021 cost EUR 145.420,- about USD 150.000,- a brand new one today in Dec. 2024 is listed at EUR 119.870,-
We all know where tarifs are going to take us. we went to this many times before and i has never worked. Trump open up your brain or wathever you have left.
europe charges 10% tariff for usa cars. but usa only charges 2.5% tariff for euro cars. the imbalance is a leftover from the marshall plan. trump only wants to equalize the tariffs, which is fair. preferably euro reduces tarriffs to match usa. if that doesn’t work then trump will match euro tariffs of 10%. lets hope euros make the right decision.
Just about everything else is made in China these days, to the exclusion of more local manufacture, that it all looks rather inevitable that the same will happen to automotive industries worldwide. Perhaps protectionism is the only way out?
Straight up report one little bit missing yes Germany Italian uk South Korea Japan and plenty others if not hurting now we do know they are going to be much worse in coming years ! For the good people on planet earth bucked up ! Real tight and stay close to one another.
You're funny, you must be mis-informed. Better check how many USA Treasury bonds China still owns. You'll be surprised if you're being told something different.
VW does what Ford does...they assemble in Mexico. GM uses Korea for the North American market- Chevy Trax, Trailblazer. Only large SUVs and trucks are truly made in the USA anymore since they can dictate high prices to cover labor costs.
@ For BMW(Spartanburg, SC), it largely assembly only (e.g. all of the X-series SUV engines are made in Germany). They’re going to need to adopt a 100% “local for local” plan or the6 will lose market share due to tariffs.
Congratulations on your accomplishment But Biden has already issued tariffs on Chinese EV s Trump is going to continue them and that's understandable to protect America car industry
I think you are missing something with the Chinese market. 1st - Evergrande is Chinese, you forgot to mention this. 2nd - Chinese automotive manufacturers are over producing cars, many sitting on fields for years, including EVs.I think this is part to keep people working, and also for nationalism, China has to maintain the image of being a manufacturing powerhouse. 3rd - A lot of global factories are moving their facilities to other asian countries because Chinese labour cost is rising. A lot of Iphones aren't made in China anymore. This will lead to a weakening on the power to purchase for the average chinese. Personally, I think all markets are fucked.
The cars with the most Made-in-American are listed below in order. Not one includes the big three. Now, do you happen to understand why Elon partnered up with Trump? Tesla Model Y Tesla Model 3 Tesla Model X Tesla Model S Honda Passport Volkswagen ID.4 Honda Odyssey Acura MDX Honda Ridgeline Acura RDX
We all love subsidies. Who in their right mind reject subsidies, especially a foreign one? Then the saving can be use on health care, infrastructures, etc.
Here's a video that describes issues that EV owners have to consider. I'm sure these issues will be improved over time and EVs will be improved eniugh for the average car driver. As things stand, it just isn't worth it for most people... ua-cam.com/video/_D3-jrVo4kQ/v-deo.htmlsi=KkF_MZ0i5G7_4gQR
yeah, if trump puts big tariffs on expensive performance/ luxury german cars, most american luxury buyers will go Tesla. Lincoln and Cadillac have old- tech/ old fart image problem.
Chinese EVs are the cheapest largely due to CCP subsidies and currency manipulation, their modus operandi for dominating export markets. Tariffs are certainly the right move.
People love the CPC "subsidies". Many governments too as the CPC "EV subsidies" are helping those governments to provide affordable cars to their people.
@@Discovery2024-rn8kn All of the legacy auto manufacturers have economy of scale. While Chinese manufacturers have the benefit a large local market to gain scale, the funding for this scale was 100% funded by the CCP. And the IP required for such scale was delivered to the CCP via the required JVs for auto manufacturing. There’s a bigger picture here, Kermit.
@@aldva0530 but the thing is how many chinese car sold in US or EU，how many US or EU car sold in China. if you post tarriff, we could also ban TESLA GM FORD.We Chinese buy millions of them every year. Yet none of BYD can sell in US.
@@richardfolden3860 TRump is crap for his own country. He raised American debt by 30 percent in a single term last time around so he could give massive tax cuts to the rich.
@@richardfolden3860 Trump is making China Great again with his support of coal and oil. And he ruined American government finances last time out when he raised debt by 30 percent in a single term so he could fiance tax cuts for the rich.
You reap what you sow!
The workers voted for it, they voted for decedent Green leaning politicians which have done little to make their manufacturing industries competitive.
😂 comment got deleted because I correlated the workers' voting patterns with the outcomes.
@@timhinchcliffe5372
My account got deleted for less......
Trump is leveraging a threat of tariffs, way early to fret over any of this, it's his way of bargaining and generally works well.
6,500 videos?! Congratulations, Sam. Keep up the good work!!
"If you want to understand any problem in America, you need to look at who PROFITS from that problem, not at who suffers from that problem." ~Dr. Amos Wilson
China makes money either way, home and away
Knowing Germany, they also wouldn't dare retaliate
Retaliate? They're occupied both militarily and mentally.
They would if they could:
"In 2022, both U.S. exports to Germany and imports from Germany continued to grow for a third year in a row.
U.S. exports totaled $72.6 billion, a decrease of 11.1% ($7.2 billion), and U.S. imports totaled $146.6 billion, a
decrease of 8.7% ($11.8 billion). The trade deficit was $74.1 billion, increasing 6.5% ($4.5 billion) from 2021."
Retaliating means shooting themselves on their feet.
Looking at Scholz: when (any) sh*t happens, he seems to always hide himself somewhere... 😂
@@garyyakamoto2648 I didn't realize germany's surplus with the US was as much as $74 billion !! They have got so much to lose if they don't play ball with the US.
Because Germany is satellite state
The US has owned Germany since 1945 (and 1990)
No....
When ordinarie family cars are priced at $40-60k and pickups at $80-100k, what did they think would happen when people are struggling just to pay their food and bills 🤔
They cost the same as 50 years ago. It’s inflation.
@@Bonanzaking In 2019 they cost relatively the same, as ever, but since 2019 they have definitely out-paced inflation whilst other society costs that typically hurt fixed income or low-income people such as food and utilities have gone up too. Over the last half decade cars have gone up but available spending has gone down.
@@Bonanzaking you are forgetting the most important factor and that is income, this has not risen to match inflation for most people, compounded by everything else going up, not much left to buy cars.
They voluntarily buy them.
Lease an EV before 2025. Dirt cheap. Example: Honda Prologue $259/mo. for 36 months with $2,999 due at signing.
🇦🇺👍🏽 for every internal employee there is 2 tier 1 supplier employees. So job losses can be exponentially greater
Germany's power prices are even higher than Australia's, so I'm surprised they lasted this long.
However, in Australia, in the spirit of free trade, the government stopped subsidising the local auto industry and removed luxury car tariffs (remember all the Luxury German mega car dealerships that sprung up overnight?).
The German government I believe still subsidises its auto manufacturers. The EU probably has tariffs on imports.
When you take snakes as friends they're bound to bite you one day.
All the talk of decoupling from China for the last two years has now come back to bite the EU where it hurts the most, their wallet. The EU will soon learn the hard way that America has now become fair weather friends.
There's some quotes going around the internet about fatalities being in a friendship with uaaassss.😊
@@FrankiePo89 There’s no denying that there are a bunch of asses in the US. Especially when they backstab their friends. .
My popcorn is ready... 🍿 😋
So is my recliner chair 😎
@doopdapps1088 😆😂😅🤣
With all the migrants they let in, they should just close shop and leave that country.
Misery loves company lol
War is looming
@davidpickard9393 Trade War?, or the War that's most likely coming in 2027 when China invades Taiwan?... Communist love anniversaries.
Well the last time Germany had a depression, they voted in a failed Austrian artist with a peculiar moustache.
@@timhinchcliffe5372 this time it is gonna be a Muslim dude with a peculiar beard
Who are they going to lose to this time?
@@richardfolden3860 😂... lose is not the problem... the cost in lives is.
It's hilarious to see Europe treated like trash by the US🤣
It's so funny that EU cut ties with Russia to avoid exactly this scenario.
it's US infiltrators and their paid traitors that have successfully turned EU into a slave servants , it's the EU populations that allowed them to succeed . now it's a permanent sad state of affairs . EU has 2 choices ,, slavery to US or begging forgiveness from Russia , someone is f**king EU !!!
Europe's future is with Asia, not the US. I think they're starting to figure that out. The post-WW2 order is disintegrating.
The US is the bully not China.
Hilarious thousands of people are losing their jobs? Some fecker you!
Trumps point has been that Germany has enjoyed one-sided protections under the Marshall plan from the end WWII which have disadvantaged US imports. So, another option would be for Germany to drop its tariffs on US car imports
Finally somebody who's informed
Nobody forced the US to do that.
Never mind. We're all gonna go downhill fast from now on. Your best days are behind you.
Actually the German car companies make cars here in the USA and export some of that production back to Germany. I know BMW does it, VW does it with some SUV models, not sure about Mercedes. Don't forget the 'Chicken tax' too.
@@markwinstein they also got their war debts wiped. The UK only just paid their WWII debts off in the last couple of decades.
@sweden_is_xxxx the US wanted to do it to create a Bulwark against the Soviets. The Germans squandered this advantage and even laughed at Trump's face when he mentioned Germany's reliance on Russia's energy.
The arrogance and disrespect of the Germans is coming back to bite them.
Maybe not just me noticing this: Trump and his adminstration (including Elon) look down on Germany and EU in general, but the leaders in EU/Germany still HAVE TO smile and please Trump/Elon, hoping that he would take it easy on them (EU/Germany). Tariff is one thing. NATO contribution is another thing. Ukraine aid is another thing. The list keeps going on and on! 😅
China and Russia, even India are independent countries.
The European Union and Japan are satellite countries.
Do you respect a lapdog?
to be a friend of US is deadly !
Under President Musk and VP Trump. Where does that leave Vance?
Americans who think tariffs will benefit them are in for a serious shock when prices all over the economy rise through the roof… simply because US corporations can raise their prices with no fear of foreign competition.
How the stock market believes that the future is now rosier is beyond me.
False statement at best, if not a lie.
1 - Tariffs is a fee paid before goods are sold (there is no guarantee they will ever sell). So that money taken by gov will not be taken via other taxes, but from the importers
2 - The price of the imported goods is determined by fair markets, not how much are the tariffs. If there are goods made in the USA with cheaper prices, those will sell (I personally know a steel factory which went bankrupt simply b/c at one point steel coming from China with no regulation came 5% cheaper. After Trump tariffs, it restarted to work)
3 - Tariffs make sense only when there is huge discrepancy on standard of living, or only one party has tariffs more than the other party (e.g. Canada, the EU, China in avg do have higher tariffs on the US goods)
We have been here more than I can count. The most "tariff war" I remember vividly, it's when Ford in lobbied to tariff Japanese cars 100% in 1995. The outcome couldn't be more funnier. Toyota built factories in the US, and competed neck-to-neck with Ford, then Ford "said tariffs don't work". The reason for it was that Ford started to outsource and wanted to pay no tariffs on imports. The winner was the middle class - they started to find jobs in Toyota factories.
Plus, if tariffs didn't work, the EU, China and the UK wouldn't have in average higher tariffs on the US than we have on them. If you go back to Clinton & Obama campaign before becoming presidents, both promised to increase tariffs. Also, remember, with new tariffs Trump had in 2016, the economy boomed. And then we had COVID, but that's another topic.
@@marcsimmonds5483
So what do you think the stock market believes. That Trump is going to raise tariffs and nobody’s going to retaliate?
Now they believe he’s going to cut reregulation which will allow them to earn additional profits.
Terrible idea to squeeze our closest allies when they are already having issues.
@@gencymeri8770 you forgot to mention in your piont 3, that Americans started to buy more Japanese cars than US brands because Japanese cars were way superior in every aspect. The majority of people did not want technologically backward cars for the same if not higher price.
Imagine your industry being so fragile that they are one tariff away from collapsing
It's the opposite, it's f. crazy how things have been working for so long in Germany. I have friends and family living in Germany. When they tell me stories like "Need to get a report from a doctor I have been sick 3 days, 1 year maternity leave, 1 month vacation, gov. pays on top of the tuition to go to school, education & healthcare is included in their 40% taxes.." I smh in disbelieve. I pay roughly the same amount of taxes in the US, and still have to pay for healthcare, kids college, property tax which is rounfly 10% of my annual salary,...
It’s worse
Yes, imagine you’re in industry is so fragile that if the government taxes it by 25 to 50%, it will become un affordable.
Is that what you’re saying that every industry is that fragile?
That means your product is not competitive at all.
@ no that means no product is competitive. How many products could increase their price by 25% and not affect sales?
It's insane that Germany has lasted this long with their insane taxes and laws.
All of Northern Europe is the same, if not all of Europe AND other countries such as Australia, Japan, Canada and several others.
However, prepare for the journey downhill. I think we're there now and it's only going to go faster and faster. By 2030 you'd better hold on to your wigs or you're going to become bald.
The Euro kept them competitive for a long time as it is dragged down by poorer nations like Greece
It's insane that the US has not had a revolution yet, with corporate gouging, predatory healthcare, local government corruption, SCOTUS, corruption ...
Even the so-called "well off" in the US, like Luigi Mangione, get SCREWED by the system ...
@@hawkinsn31 Hate to tell you Greece has paid off its Debt, and its economy is in better shape than Germanys.Hard to believe but true.
Third-world countries have little taxes and no services. Afghanistan, Liberia, the US, Guatemala, etc.
Such a beautiful thing
German car companies make cars in the USA, usually the models that have the best American sales. VW, BMW, and (I believe) Mercedes all have plants here. Some might even be exporting certain models back to Europe. Its not just tariffs, but when they are selling a huge number of vehicles its cheaper/more economical to build and sell them here rather than ship over on a boat.
German cars sell well in US because American cars are shit. So basically the choice for anyone who thinks a bit is to buy either Japanese brand or German brand. Not so much choice in US to begin with.
Puebla Mexico is where the VW Tiguan and Taos are made. Sure, Tennessee makes the lower volume Atlas and ID4. All but the ID4 are traditional ICE vehicles with VW's TSI engines.
Firing 35k staff is insane, that's so many people and families.
Why do Germans continue to let their "leaders" tear apart their country
Barking dog doesn't bite 😅
What's with the anti VW offensive lately, did they fail to honour warranty on you Polo?
No anti VW here. Just follow the news. It's all over the place. Things aren't going well for VW.
Am I sad about it though? No. 😂
@sweden_is_xxxx their products in the USA depreciate quickly. Consumers don't relish them like they used to. Sure, people love the GTIs but the mainstream SUVS and cars don't have the best reliability. Fahvernugen in the US is dead.
Yes, definitely don’t say things that are true because it might hurt my feelings. 🤦🏽♂️
It's the Elon and CCP show, didn't you know?
The cascade effect has begun two years ago and is playing out as we end 2024. 2025 is not going to be a pleasant market for anyone globally for cars that we all love to pay high prices for…
The Great depression was caused by Tariffs. A third of the world's fleet was tied up.
You sow the wind, you reap the whirlwind 🌪
Those EU countries that voted "yes" to the EV car tariffs either produced no cars or produced far fewer cars.
This convinced everyone that she(Ursula) is to deindustrialize Germany.
Not helping workers.
The problem for Ford, GM and Stellantis is that they have retreated to the pick-up truck market in the US, having vacated the sedan market. Trump levying tariffs on imported EV sedans is not about to improve the big three’s prospects.
I don't know why I enjoy those stories so much when Europe is going down the sink 😅
Audi just reported they're shutting down/mothballing their EV plant in Brussels due to lack of sales. Meantime in the U.K. second hand diesel cars have reportedly increased in value by 10% over the past year according to the newspapers. EV sales in the U.S.A. are stagnant whilst hybrid's are going like gangbusters - they can't make enough of them, particularly Toyota hybrids.
Excuses...VW has failed and is going bankrupt...any excuse other than lack of good management and product will do.
You have to put some blame on the unions and government too. You can’t create competitive cars when your autoworkers are paid substantially more than your competitors.
@@GiantsOnTheHorizon Don't forget that American automakers aren't much better. They can only make high priced SUVs and trucks here in the US. All their subcompact SUVs are either made in Mexico (Ford) or Korea (GM) and "shipped" in.
@@philweiland5391 Without a doubt.
VW will be nationalized.
@@GiantsOnTheHorizon That's not entirely true. Labor costs are not entirely what drives the cost of the product. It's how efficiently it is manufactured and how much the company intends to sell it for. VW will be supplied low carbon steel by Thyssenkrupp Steel. Now as far as Thyssenkrupp, they too think to be efficient they must lay off a few thousands too. I wonder how much that is about new technology...
Mercedes, BMW, and VW each have one assembly plant in the US. I have not looked at the content labels on a US built Merc or BMW, but would suspect that many of the internal components, engine, transmission, and such, are imported. In VW's case, the engines are imported from Mexico. Stellantis only imports a handful of Alfas, Masers, and Fiat 500es. Ford imports nothing from Europe.
Based on what happened when Trump was last in office, and imposed a protectionist tariff on Korean built laundry washers, US made cars will see their prices increased to match the tariff inflated prices of imports, so there will be no net loss of competitiveness for imports, unless Trump also imposes a limit on the number of cars imported, before the tariff is stepped up to a wholly impossible level. Trump's washing machine tariff had two steps: 20% and 50%. Once the 50% level was reached, Korean washers were no longer available.
The other variable is the incoming Trump administration is openly, proudly, anti-EV.. My theory is Musk has lost interest in Tesla, beyond using Tesla owners as beta testers for his AI systems.
EU was getting cheap Russian gas with NO tariffs from a friendly seller.🤔 Now they will get expensive U.S. gas WITH tariffs from a hostile seller. 😅😂🙂
Yeah Russia is quite friendly. Putin can try being friendly at The Hague.
Russia was Ukraine's biggest trading partner. What a mess US has made.
@@Rhotz-ix8ll Along with Biden.
@@Rhotz-ix8ll
The hague cannot be the hague until they get friendly with bush, 0bama, etc first.
You can talk about President Putin after.
win win
Any VW workers that voted for Trump will now lose their job.
This is a silly statement with no value.
Bring on BRICS
The us needs ev imports. If they put tariffs on eu cars there is even less ev push in the us. Its about growing the ev segment, otherwise it won't ever happen. We either need cheap fast public dc charging or chinese evs with reasonable tariffs to drive ev transition in the us, whichever is faster would be better
Well, yes, of course but that would be rational. U.S. doesn't do rational anymore. 😉
we don't need ev imports. Hybrids will be our transition. Our grid can't handle putting up fast public chargers, and our government shouldn't be using public monies to install them. EVs have about a 30% penetration in the USA market at best.
The EV Revolution is delayed by ten years in the US if not longer. One study said 72% of actual EV buyers would buy ICE or another technology next time. That is not product satisfaction!
Maybe. In which case the US will fall ANOTHER decade behind much of the world. Too bad, so sad, couldn't happen to a nicer country. /s
@@capnkirk5528 The US is not going to fall behind just because they don't adopt EVs like Europe. The government should not be mandating anything nor build fast charging stations with public tax dollars. Gas is cheap here. Americans like hybrids. Economics have a lot to do with it. We can't power our grid with windmills and solar panels.
Lol, from which media outlet dependent on legacy auto advertising did you get that nonsense?
It’s time countries grow food and build cars for their own markets & if you want something different you will always pay over the odds.
Remember when the Germans laughed at Trump when he called out Germany's dependence on Russian energy?
Who's getting the last laugh?
I remember, but nobody brings that up.
@philweiland5391 where arrogance meets _don't bite the hand that feeds you._
@@philweiland5391 Trump certainly won't forget it... _"mess with the bull, you'll get the horns."_
Protectionism is the beginning of the end
I was surprised to discover that Stellantis' crazy strategy of many brands and many many models may actually work to their advantage. There are only THREE BEV models they manufacture in Germany:
1. Opel Astra Electric
2. Opel Zafira Electric
3. Vauxhall Astra Electric
All other BEVs, 33 models, are made either in France, Italy, Morocco, Poland, Portugal, Spain, or the US.
Trump loves tariffs cuz the govt does not have to pay for them. Genius.
Now Europe needs to buy more expensive gas, more expensive petrol so higher energy costs. If they don't they face tarrifs. Damn if u do, damn if u don't
Just get a Chinese EV while you can then your done
Maybe in few years Europe need also buy most EV car from the USA or china, on behalf of all old technic fuel car company will Bancroft
I am in Canada and we out 100% tariffs on EV,s from China
Trudeau was supposed to be all about green energy. Makes no sense I can’t have better options
German auto have factories in the US
Big fan of your channel, although keep feeling that every time you talk about EU automakers and their fall, you present it as something positive . Which is not mate, world doesnt need 2 super economies and the rest of the world trying to pay the rent at the end of the month/ I live in EU and the amount of people that find it hard to rent a home keep increasing....wouldnt comment if i didnt like you!
Germany had walked into this with it's eyes closed as such it's a good thing to remove arrogance and entitlement, do things properly
Semi-serious thought: EU leaders should stop wearing smug smiles pretending like EU is the best thing in the world. That will make EU more relatable.
Europe had cheap Russian energy for decades. Now it's gone and Europe will have to compete with others in the same situation. Not so fun then.
If you're European like me...prepare to become poorer for the rest of your lives. It's downhill from now on.
They can choose to compete, or not. It’s not the job of the United States to provide them with welfare.
The tariffs are history repeating. The USA already has tariffs on that protect trucks and AWD's. It has made the manufacturers dependent on less competition and is an inefficient way to make a profit. It's also the opposite of what E. Musk is talking about, which is efficiently in all areas of activity. Tariffs will drive greater inefficiency and increase costs in the USA. E. Musk is correct in saying the USA must be more efficient at what they do, and tariffs will do the opposite. Competition in the market will drive greater efficiencies. A tariff plan to get less efficient will in the long term harm the USA. It is the opposite of the efficiency policies E. Musk is advancing and the opposite of competition in the market.
I believe it's Wright's law
Considering Sam seems to regularly project and confuse Chinese EV dominance in China with the rest of the world car market (especially in video titles) I'm not surprised he does that between Moore's Law and Wright's laws
Well, European companies own 90% of US truckmakers...
How do you think that will end...
The VW's were expensive to start with but the tariffs, it will make them even more unaffordable. Oh well, there goes the Fahrvergnügen.
Keep in mind that North America gets many of their VWs from Mexico under NAFTA. It's been like this for a long time. We can only wish we had German-built cars imported from Germany. Reliability has gone down over the years.
Eventually, China will supply the entire world... A few rich folks are buying a specialty made T-shirt going for $150. The majority is happy with a Chinese made T-shirt selling for $9.99.
I don't see anything made in china as being less expensive than when it was manufactured locally. I think the middle person is doing better than ever because of it though.
@ Is this a serious comment? We use to have to work 1/2 hour to buy a spatula 40 years ago. Now I have to work 2 minutes to buy the same spatula.
You have to take medicines into consideration, it cost about 20x more in the west for the same medicine.
@@rioriggs3568 you are comparing the cheapest items that are nearly always junk, Use them a few times then place in the bin. When Australia used to manufacture quality products There was no need to replace everything so frequently. Everything costs more if your replacement is more frequent.
@@andrewlim7751 so who manufacturers most of the medicine?
It is time that Germany start working hard again instead of relying on the goodwill of their forebearers.
Cheers bro
My wife has a Mercedes,it is in the shop all them time, requires high doller gas. I own an oversized ram truck,use cheap gas,it has 110000 miles and has been in the shop 1 time with a bad starter. I will drive it till its worn out. Do the Chinese or germans buy ameican cars ? Tariff them
GM, Ford & Chrysler are going to be just fine, they have their huge, robust and healthy domestic market to rely and anchor on. Granted, Chrysler, being within Stellantis is in the most delicate position, as long as it is tied to the euros.
GM actually withdrew all but completely from the chinese market years ago, and that was not so wrong after all.
The situation Germany finds itself in however is vastly different, 50% of total VAG sales are coming from china, and the chinese economy in general has been an inflated zombie.
Wonder whats germany take on whether being dependent on russians gas better or US. Always respect the germans but this time they showed the world how dumb 1 can be
EU was getting cheap Russian gas with NO tariffs from a friendly seller.🤔 Now they will get expensive U.S. gas WITH tariffs from a hostile seller. 😅😂🙂
Stellantis is not a US company remember that.
He should do it just because they laughed at him like he was stupid when he told them they should not rely on Russia for energy.
China right now is grappling with massive debt issues that are causing business & government to cut wages.
U.S. 36 TRILLION in debt .... over 40 TRILLION at the end of Trump's term. Overcapacity: Debt; Dollars; and Wars ..... 😆 But China is in real trouble. 🙂
😅😅😅😅😊
The insanity of trump has no limits as the world will soon understand.😢
Trump is good for America. If I was American I'd have voted for him. Now as a European I will get hurt, but that doesn't change the fact that he's good for the US.
@sweden_is_xxxx Because Europe has put itself in a puppet position
When Trump told the UN that Germany was crazy for relying on Russian gas, they laughed at him.
Well, they're not laughing now.
And Trump, he remembers. He doesn't forget and he doesn't forgive.
@@darthkek1953 Well regarding that I think Germany didn't have much choice. They bought cheap Russian energy and could therefore be competitive for decades. If they had boycotted Russia the last 20-30 years then Germany would've been much poorer the last 20-30 years. Russian energy made Germany competitive and rich. The only alternative would've been to buy more expensive energy from elsewhere and have the country deindustrialise much earlier.
I really don't see any reason in that argument.
@ you sound like a masochist.
Will President Musk allow Trump's tariffs? - Gen Z Republican
That sounds even dumber when you say it.
@richardfolden3860 Hahahahahahahahahaha ha!
German cars exported to the U.S. cost about 20%-40% less over there and are often better equipped. U.S. cars imported to the EU are subject to about 11% custum duties including papers and documentation plus an average of 20% or more local VAT for the final consumer (the same VAT that applies to any european car). Export is exempt from VAT. From an american or international point of view it´s easy to interprete this as "at least 31% tax on our cars" which in the end happens to be true, call it what You want or comparing apples and beans. It is much cheaper to buy and run a car outside the EU. For EVs until now there were some reductions. The Tesla Model 1 S P100D from 2016 to 2021 cost EUR 145.420,- about USD 150.000,- a brand new one today in Dec. 2024 is listed at EUR 119.870,-
Maybe Volkswagen should go back to making cheap cars for the common people instead
Their cars have always been average.
We all know where tarifs are going to take us. we went to this many times before and i has never worked. Trump open up your brain or wathever you have left.
Half the price, counting subsidies, yes.
europe charges 10% tariff for usa cars. but usa only charges 2.5% tariff for euro cars. the imbalance is a leftover from the marshall plan. trump only wants to equalize the tariffs, which is fair. preferably euro reduces tarriffs to match usa. if that doesn’t work then trump will match euro tariffs of 10%. lets hope euros make the right decision.
Just about everything else is made in China these days, to the exclusion of more local manufacture, that it all looks rather inevitable that the same will happen to automotive industries worldwide. Perhaps protectionism is the only way out?
No it will just cause record inflation again
Electric Viking, are you deleting comments?
Straight up report one little bit missing yes Germany Italian uk South Korea Japan and plenty others if not hurting now we do know they are going to be much worse in coming years ! For the good people on planet earth bucked up ! Real tight and stay close to one another.
Hasbara and brainwashed followers are here in da comments...😅
I did want a VW product (R or GTI), but thinking perhaps a Mustang ecoboost, or Tesla?
Boggles my mind that anyone wants to put their family in a Chinese product.
China produces the best EV cars in the world
Sell all US treasury bond like China did.
You're funny, you must be mis-informed. Better check how many USA Treasury bonds China still owns. You'll be surprised if you're being told something different.
Nothing preventing German car companies from manufacturing in the USAo avoid tariffs.
VW does what Ford does...they assemble in Mexico. GM uses Korea for the North American market- Chevy Trax, Trailblazer. Only large SUVs and trucks are truly made in the USA anymore since they can dictate high prices to cover labor costs.
They already do. BMW X-series models and some Mercedes.
@ For BMW(Spartanburg, SC), it largely assembly only (e.g. all of the X-series SUV engines are made in Germany). They’re going to need to adopt a 100% “local for local” plan or the6 will lose market share due to tariffs.
❤❤❤❤❤
Tarrifs🤔 tell 🇺🇸 to take a hike buy and sell elsewhere
cutting themselves off of Russian cheap energy and big car market was obviously not very bright idea after all. well.. good luck!
But wouldn't the electric cars displace those jobs to. America car company's will go bankrupt anyway if they want to live in the past.
Congratulations on your accomplishment
But Biden has already issued tariffs on Chinese EV s Trump is going to continue them and that's understandable to protect America car industry
Tons if German cars here in the US. Zero US cars in Germany..Enough already. .MAGA!!!!
USA cars are rubbish
To be fair, American cars are fairly shit,
@@marcsimmonds5483 Americans don't wanna hear that particular truth.
Germans really want those granny Buicks and 6-ton armored pickups from Mad Max movies ..... 😂
It seems that Trump will give Germany the final blow to death
I think you are missing something with the Chinese market.
1st - Evergrande is Chinese, you forgot to mention this.
2nd - Chinese automotive manufacturers are over producing cars, many sitting on fields for years, including EVs.I think this is part to keep people working, and also for nationalism, China has to maintain the image of being a manufacturing powerhouse.
3rd - A lot of global factories are moving their facilities to other asian countries because Chinese labour cost is rising. A lot of Iphones aren't made in China anymore. This will lead to a weakening on the power to purchase for the average chinese.
Personally, I think all markets are fucked.
By the way I ran into several people who will not buy Tesla because of Pres Musk
The Japanese auto industry is next
Japan is already in trouble look this week merge talk Nisan / Honda Big problems in 2025
The cars with the most Made-in-American are listed below in order. Not one includes the big three. Now, do you happen to understand why Elon partnered up with Trump?
Tesla Model Y
Tesla Model 3
Tesla Model X
Tesla Model S
Honda Passport
Volkswagen ID.4
Honda Odyssey
Acura MDX
Honda Ridgeline
Acura RDX
Not a trump fan,,, but there is always more to any hype fear story
TRUMP has nothing to do with this.
Do you think that they are regretting leaving the Russian market yet 😅😂😂😂
Do not remind them. You're giving them heart pains.
Trump is dancing to Putin’s tune.
He is one of the few calling for a cease fire. Where has Biden and the EU been on this? He wasn't the one who blew up Nordstream.
Lol, of course he is; and Putin is in turn taking orders from the moon nazis.
Lol, ok. You seem really smert.
Thats so ronantic . Go donnie and show the germans how a bad ass u can be.
Typical case of over-capacity
Hard to compete against massive subsidies.
You are right, nobody subsidized the moto industry more than Obama and Biden. We will see what Americans are able to do without economic doping.
Hey expert, how much is the subsidies?
doesn't help when the EU is mandating ZEV....talk about killing ICE off prematurely
We all love subsidies. Who in their right mind reject subsidies, especially a foreign one? Then the saving can be use on health care, infrastructures, etc.
Everyday is so much fun with Trump. I’ve been looking forward to this my entire adult life. Americans first!
Americans will not be first. They too backward.
You'll be isolated mate.
@ it’s 👌. We were 1/2 the world’s GDP before WW2. It would be better with you as I’m an Anglo. O well, perhaps this might change?
Europe is F ed
Germany needs someone like Trump. Big thank you to Elon for supporting Mrs. Weidel.
Yes. Totally agree with that!!!
Throughout the EU.
Here's a video that describes issues that EV owners have to consider. I'm sure these issues will be improved over time and EVs will be improved eniugh for the average car driver. As things stand, it just isn't worth it for most people...
ua-cam.com/video/_D3-jrVo4kQ/v-deo.htmlsi=KkF_MZ0i5G7_4gQR
Lol, somebody made a video so it must be true. 🤦🏽♂️
@richardfolden3860 If it's on the internet, it must be true! Lol
@@countschad my point exactly. Not buying a Tesla is dumb for the majority of new car buyers. Most economic car available.
Hello bro
Donald Dumb? 😂
yeah, if trump puts big tariffs on expensive performance/ luxury german cars, most american luxury buyers will go Tesla. Lincoln and Cadillac have old- tech/ old fart image problem.
Chinese EVs are the cheapest largely due to CCP subsidies and currency manipulation, their modus operandi for dominating export markets. Tariffs are certainly the right move.
Economies of scale not subsidies mup p et
It makes me wonder who will partner with BYD in the American market if they were to sell in the US market
People love the CPC "subsidies". Many governments too as the CPC "EV subsidies" are helping those governments to provide affordable cars to their people.
@@Discovery2024-rn8kn All of the legacy auto manufacturers have economy of scale. While Chinese manufacturers have the benefit a large local market to gain scale, the funding for this scale was 100% funded by the CCP. And the IP required for such scale was delivered to the CCP via the required JVs for auto manufacturing. There’s a bigger picture here, Kermit.
@@aldva0530 but the thing is how many chinese car sold in US or EU，how many US or EU car sold in China. if you post tarriff, we could also ban TESLA GM FORD.We Chinese buy millions of them every year. Yet none of BYD can sell in US.
Rightwingers in Europe supported Trump. NOw you see the resutls.
Yeah, the result is that Trump is good for his own country. It’s what one should expect.
All I know is that Germany has painted itself into a corner of its own accord.
@@richardfolden3860 TRump is crap for his own country. He raised American debt by 30 percent in a single term last time around so he could give massive tax cuts to the rich.
@@richardfolden3860 Trump and his supporters are making China Great Again. America is headed for the toilet.
@@richardfolden3860 Trump is making China Great again with his support of coal and oil. And he ruined American government finances last time out when he raised debt by 30 percent in a single term so he could fiance tax cuts for the rich.
germany KAPUT