Biden's tariff and containment won't help US beat China in EV.
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- Опубліковано 9 чер 2024
- Tariffs could only do harm to the US auto industry in the long run. But politicians don't care about the long run anyway - they're just here for your vote.
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We should look at the money China spent on EV as a social investment. It is not something the capitalist west would do. China doesn't subsidise an industry to make it profitable. The motive has always been for improving people's living. The much spoken air pollution (smog) in China was the trigger point for a move towards EVs, instead of fossil fuel cars. Who can blame a country for looking after the health of her citizens?
Well said.
China has produced an enormous amount of carbon over the years. It's a bit late talking about the environment.
China used 5% more coal in 2023 compared to 2022 that is the result of EV’s
You should maybe travel to China or just check the pollution on line it’s worst than it was 20 years when it was confined to Beijing
All the cities have become more populated after forcing the village people to move to cities
@@danielodey7775 Western companies have moved all production there. So of course.
@@danielodey7775 really? anyone reading accumulated CO2 throughout history would find US to be no 1. which mean you are typical smartass who doesnt read
Made In China 2025 🇨🇳 Keep Going 💪🏼
China has not invested only in the EV industry -- or for that matter any industry. That is literally the tip of the iceberg or the icing on the cake. What China has done is invested in the basic Infrastructure of human capital. Food, Housing, Energy, Transport, Healthcare, Advanced Education. The net result is you have the largest, most technically educated population that is not worried about day to day subsistence and can focus on creating the world of the future.
Thank you for this comment. Tarifs and Sanctions is a Tax Hike for the People.
China produces more engineers than USA.... period. But we are better with LGBT+XYZ...
China is not the ONLY Competitor, emerging Countries will pose more for America, if Politicians continue this path. Don't forget BRI, SCO, BRICS have a Market of 4.6B in population
But poor China has 600 million people living on $5 or less per day. It's housing market is a huge disaster after the bubble burst. Ghost towns are everywhere. Now it's racing to build the world's largest EV graveyards. Youth unemployment is at record high. Many new graduates are becoming delivery drivers or full-time children. The future is looking rather grim.
@@TeeHee-vo1bn Have you been to China?
150 years ago, China's Qing emperor put tariff on importing goods, closed their ports. Now it's US president's turn. How ironic.
The difference between China and USA is that USA spent 4.5 billion dollars, and two years time, and got 7 electric car charging ports to show for it while China spent their investment and have over twelve thousand car charging ports and leap-frogged US in EV, solar power, and battery technology. Don't blame China; blame the American system.
Actually its 7.5 billion dollars only 7 charging stations, making it more than a billion a piece. Nominal GDP in US doesnt mean squat. With the same money you probally get 5-10k charging stations in china
In addition. When the US government spent billions bailing out banks and left many Americans jobless and homeless, China powered through recession by creating jobs. Namely the high speed rail. Roughly at the same cost as the American bank bailout. And that railroad will last for ages and create wealth along the way.
Cpp onlii sukseed becas dhey stool teknologhee fram Amerikkan. Aftur cpp stool fram Amerikkan, de gudd guys becom delay in beuld dheir advans caars
@@jaihindersingh That their cars are cheaper and better don't play a part in their success?
@@grisflyt dats vai de gudd guys Amerikka an euroop akkeus cpp dikteitur goament of subsidais cpp EV too maach. But it's useless. Stolun teknologhee wiil stiil collaeps becas maed in chynah 🤣
BMW & Volkswagen EV are actually Chinese EV. BYD had established a factory in Hungary, so Europe doest need to discuss Chinese EV anymore. As for US, Their administrative orders are never meant to solve problems and only create more.
The US is Black Shao Khan:"I DON'T WANT PEACE! I WANT PROBLEMS, ALWAYS!!!."
When the US buyer imports goods subject to tariffs from China, they pay the tariff to the US government. This cost, along with any markup, is typically passed on to the end consumer, meaning consumers ultimately bear the burden of tariffs through higher prices. The Chinese seller, however, does not directly pay the tariff; it's the importer in the US who bears that responsibility.
China does not suffer the consequences of tariffs. It is the US consumers who are being punished by having to pay higher prices.
In 2012, President Obama, as part of his plan to double the U.S. share of the world's solar panels from 5% to 10%, imposed tariffs of up to 249% on solar imports from China. In response, China retaliated by imposing import restrictions on polysilicon from the U.S. At the time, the U.S. held a 50% share of the global polysilicon market, which has since dropped to under 4%. The U.S. share of the world's solar panels has dropped to under 2%. China has promised to retaliate as strongly in response to new tariffs.
In addition in order to secure short term profits the domestic manufacturers will raise their price to match the import plus the tariff since domestic manufacturers can't ramp up production to meet the additional demand. Since most products are inelastic this increase is free money for the domestic manufacturers at the expense of consumers...🤣
that's true, but one negative side-effect is that this will impact sales of these Chinese products, so it does hurt both parties to some extent
@@shambles9 That's true with some goods. However since most goods are inelastic or have low elasticity there's little to no change in demand, so the cost is just passed on to the end consumer.
@@DailyBeatings gotchya. in any case, i hope Canada doesn't impose similar tariffs, i've been waiting for a Nio
@@shambles9 It will only affect the seller (China) IF there are equivalent competing products on offer. However, the U.S. doesn't produce most of the goods that are imported from China and so, when people have little choice, they will still pay the extra for what they can get. In the world of global economics where there are so many products and raw materials that are inter-related with one another from different sources, it is not so easy to use simple solutions such as trade sanctions, barriers and tariffs to protect one's own industries as it once used to be. The world has become far more inter-linked and shrunk in size than ever before and no one can exist as "an island, isolated unto itself".
US is not wrong is having a containment policy. However, it is not containment of China but containment of its own political hubris and frivolous spending on 'defense and military adventure'. Doing this and re-channeling its vast resources into productive technology, research, education, infrastructure and health, would re-vitalize its population and economy. This should be its longer- term strategic policy.
Very true. But to re-vitalize America is like rehabilitating a drug addict. It is no simple task. US politicians simply do not have the will, the sincerity and perseverance to re-vitalize the US.
The only thing American politicians care about is anti-China attitude at all cost, at the expense of its nation. It’s very easy to attack China and getting re-elected but not so when it comes to the homeless, inflation, infrastructure (potholes, too), shoplifting, and crimes of all kinds.
If other countries gonna buy EVs y would they buy US EVs since by their own acknowledgment a more expensive and inferior product cause they themselves don’t think they can compete with China’s EV
If you go on some of the videos discussing the TVs. You'll see a lot of Americans and Europeans laughing at how Chinese EV will explode !! will combust !!! But truth is... if the price is so attractive ... they will still buy.... literally everything in their lives...something they own is Chinese related.
Lol, made in China = low quality. This formula has been proven numerous times. There is practically zero Chinese car in US. They are all from advanced countries like Japan, Germany and South Korea.
@@TeeHee-vo1bn Extreme ignorance and paranoia, without knowing it, is a disease.
@@TeeHee-vo1bn haha makes sense that’s y they r putting tariffs on Chinese EVs, and that’s what happens when ur brainwashed
@@TeeHee-vo1bn Yeah yeah - the U.S. Americans and their anglo-Europeans said the exact same thing about German products during the start of the Industrial Revolution in Europe and then, they said the same thing about "low quality" Japanese products ("toys" and "tin can cars") and then, they switched over to laughing at Korean products (anyone remember "Goldstar"?). You keep repeating the racially motivate biased based hubris instead of actually doing your own due diligence in investigating the truth. If you claim "Made in China" = low quality, guess where the Apple iPhones are made? Or Lenovo computers or DJI drones that even the U.S. military buys and uses? You have shown a deference for ignorance which is an insult to your own brain.
One thing US politicians should understand is that Chinese government has no hand in greed it has only one purpose and that is to better peoples lives and after improving 800 million population out of poverty now they are expanding globally to improves everyone lives. China only started ev evolution when its peoples were choking of population as they were worlds factory so they shifted to eco green technology and electric cars it never did it to compete with the world it only did to improve their peoples lives. This is core difference between china and us politicians. If these politicians in us are not replaced soon they will drag us to war or be most isolated from the world while the us population suffers from high price and sub par products. US is not prepared for whats to come while china has been preparing everything for decades with only one goal that is to improve their peoples lives. Now china has moved to next phase ese no longer do menial works all have been uplifted to a technocratic society so in the future china will make everything from the cheapest to the most expensive and they will provide what the population of the country requires. It is a really good scenario for the world
Meanwhile, the Chinese cars got so much free hype, that it is a billion-dollar pre-launch advertisement gift for them.
This high tariff is much more effective than Gina Raimondo the spokesperson for Huawei Mate 60.
🤔😦✅
Nice!
If you can't beat them join them. Why does the US go for this win-win solution? Yep, hubris is the issue.
Question whether China still want or need a depreciating and high risk American dollars which could be confiscated or sanctioned.
Let’s cut this story short about tariffs being imposed by the importer , which indirectly forces its domestic consumers to pay more at the end of the day.! The U.S. shoots itself in its own foot.! Many countries in the global trade, know the “ boomerang effects “ of tariffs on themselves. Does it help its own consumers or domestic producers ? No .!
You can buy apple in China.
You can't buy Huawei in America.
look like north korean 😅😅😅
But you can boy chine food in USA 🇺🇸?
The word used in commerce is beat or trade?. Beat or compete?.
I live in Australia . We have BYD Ev's for sales. They are now a major choice over Tesla. The consumer wins enormously. As we all know, if you buy one brand and its no good and the service is bad. Take it back and buy the competitor . Its called free-market economics . Elon Musk is a big player in these tariffs , so he can hang onto all his gross wealth.
May China continue to prosper.
The additional duties on the Chinese imports will make Washington some much needed money. Nothing else really
R&D is most Important of Cars.
That was a very interesting essay on the EV situation. I am sure the presenters argument appmues to many more items than Electric Vehicles.
chine owns the EV market.
Chinese Vehicles
Will still be" Competitive " at 100%.
Tariffs.
Inbetweentimes the Chinese have so many manufacturing advantages over the USA that they can probably get a car to the US market with it costing half of its direct american equivalent.
The US can neither be competitive nor able to contain China, so the geniuses in the US are going to attempt to compete and contain China. ROFL
Maybe not but insurance premiums will its 3 fold to insure a Chinese EV in the UK due to the fire risk
Protect America workers and auto industries. But the biggest profit the big 3 makes is in China. 😂 GM sold more Buick and trucks in China than the states.
actually more than the rest of the world combined
At least it will help Tesla not to have potential rival to overcome it.
American people don’t seem to understand tariffs is same as the government raising the sales tax on the buyer. I supposed the American people thumbs up on the massive sales tax increase.
Trump DID say that he loves "the uneducated" - and there are an awful heap of uneducated, ignorant, naive and gullible Americans today.
👏👏✌️🇧🇷🇷🇺🇮🇳🇨🇳🇿🇦➕️👍👍✌️
too little, too late for the U.S
decades of catching up ahead.
👍👍👍👍
europe, u,s amurica, it's over.
The US complaints about China govt investing in China's EV industry, while it does the same itself...
This is called a double-headed snake.
EV are very silent.
City centres becomes very quiet.....Shanghai, Chengdu
China will trade with the world except US who over estimate its' important except the not so smart US politician. The economic EV will help the environment plus lower the inflation by a factor of 3-4x for electricity is 3-4x cheaper than the gas.!!!👌👌👌🥰🥰🥰😍😍😍🤩🤩✌✌✌✌✌✌✌✌✌✌✌
In coming 19 years young populations growth will be the main issue for china.
China should not underestimate this issue like Japan South Korea..
Is there anything stopping an American from holidaying in Mexico and just driving the car back and registering it?
Mr. Walker, your views are mostly correct except you missed one key element of EV, namely SSB(solid state battery). 4 major reasons that only 8% total new car sale in US are EV. (1) EV prices are still higher than ICE cars. (2) EV with liquid LIB(lithium ion battery) catches fire. (3) driving range is short(260 miles) (4) recharging time is too slow(8 hr in home garage). SSB are expected to solve all of these problems: (1) do not catch fire (2) 700 - 1000 mile driving range (3) 20 min recharge time (4) no need to replace SSB during EV lifetime. Toyota, QuantumScape(in San Jose, CA), and Solid Power(in Louisville, CO) plan to commercialize SSB in 2026 - 2027. Biden administration should support 2 US companies to speed up commercialization by providing money. Yet Biden and his assistants are not smart enough to do so. They foolishly sent money to Ukraine to fight a lost war. Chinese company CATL, the largest supplier of liquid LIB in the world is about 4 y behind Toyota, QuantumScape, and Solid Power on SSB.
❤❤❤Peter, I respectfully disagree.. the Tonyharding 🇺🇸 approach serves US well before and why should we stop with a tried and true formula❓We have 11 great carriers why let that go to waste❓.. with our 6000+ nooks, surely we can intimidate these commies as we did with the soviets. As Bidet/Blinkin said, we are exceptional, indispensable and are entitled to lead the world, Old Bidet ain’t gonna let that be flushed down the bidet on his sitting. So with such a geniass team of leaders, what can possibly go wrong with our continuing hegemony❓🇺🇸🤡🇺🇸
The one thing the Americans will not do is to change their mindset, admit their shortcomings, be humble enough to learn from others who are successful and be prepared to endure hardship. These were exactly what the Chinese were doing decade after decade before their success which is only visible today.
An idiom in Chinese which describes a person's perseverance during hardship: 卧薪尝胆 Tasting a bitter gallbladder while lying on firewood. This is the attitude which a person needs to have before his success. Bitter comes before sweetness.
For the mighty dragon the yankee market is a good to have market, not a must have market.
And in 10 years it will be the same for their aeroplanes.
America❤ calls it "Liberation" instead of "Invasion". That was what US call it in Iraq, Afghanistan, Libya, Syria, Yemen, Somalia and the list goes on... Why the double standard? Confused... Please enlighten. Genuine question...
Instances of the United States "liberated" or overthrowing, or attempting to overthrow, a foreign government since the Second World War. (* indicates successful ouster of a government)
China 1949 to early 1960s
Albania 1949-53
East Germany 1950s
Iran 1953 *
Guatemala 1954 *
Costa Rica mid-1950s
Syria 1956-7
Egypt 1957
Indonesia 1957-8
British Guiana 1953-64 *
Iraq 1963 *
North Vietnam 1945-73
Cambodia 1955-70 *
Laos 1958 *, 1959 *, 1960 *
Ecuador 1960-63 *
Congo 1960 *
France 1965
Brazil 1962-64 *
Dominican Republic 1963 *
Cuba 1959 to present
Bolivia 1964 *
Indonesia 1965 *
Ghana 1966 *
Chile 1964-73 *
Greece 1967 *
Costa Rica 1970-71
Bolivia 1971 *
Australia 1973-75 *
Angola 1975, 1980s
Zaire 1975
Portugal 1974-76 *
Jamaica 1976-80 *
Seychelles 1979-81
Chad 1981-82 *
Grenada 1983 *
South Yemen 1982-84
Suriname 1982-84
Fiji 1987 *
Libya 1980s
Nicaragua 1981-90 *
Panama 1989 *
Bulgaria 1990 *
Albania 1991 *
Iraq 1991
Afghanistan 1980s *
Somalia 1993
Yugoslavia 1999-2000 *
Ecuador 2000 *
Afghanistan 2001 *
Venezuela 2002 *
Iraq 2003 *
Haiti 2004 *
Somalia 2007 to present
Honduras 2009 *
Libya 2011 *
Syria 2012
Ukraine 2014 *
2014 - 2022 - 9 countries yet to verify.
Pakistan 2022 *
Haiti 2022 *
Niger 2023
Tariffs on superior products for average Americans is robbing our hard earn money.
What would "help US beat China in EV" ? Come on China, give me the Win-Win thing! We need the Win-Win thing!
Until the battery problems are solved I don’t think BYD is a good import.
Have look into the following new battery technologies - "Black Phosphorus" and "Sodium-ion" being researched and developed with great possibilities in replacing lithium-ion in as far as achieving very fast recharging times in minutes rather than hours. One has to ask, is the U.S. involved in the forefront of these or simply sitting back and whine?
How much do you earn by promoting these things? Is it part of your retirement income? I'm curious, if it pays well, I might consider doing it too.
Henry Ford once said you can have any color car you like so long as it's black.
Xi Jinping says you can have any EV you like anywhere in the world as long as it's Chinese and undercuts the competition.
The west promoted globalization and they got it, now they are afraid of globalization (free Market ) . Funny