Why is US imposing 100% tariff on Chinese electric cars?
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- Опубліковано 13 тра 2024
- Sky's economics and data editor Ed Conway says there are political as well as economic reasons for the Biden administration's actions, warning they are likely to draw a response.
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So, free market only when it suits the US. 😂😂😂
banned in China - google search, youtube, facebook, instagram, twitter,
No. Free market only for free countries. America will not give its money to support communism.
Nothing free about the Chinese market. NATO finally waking up. 👍👍👍👍👍
Well, China stole IP, they are not really better.
Hypocrite as usual
Because they can't compete with China 😂😂😂
@@user-ks2uo3qh7i What about Economies of Scale and Vertical Integration?
@@user-ks2uo3qh7i
Hiding behind the protection of tariffs. What a bunch of wimps.
@@user-ks2uo3qh7i Apple Inc should pay its workers in India US level wages,and how do electric cars produce emissions?
@@user-ks2uo3qh7i if it is the issue, why not just let the chinese brand to open factory in US? why banned chinese brand to open factory in US?
Lol little pink, wumao or just not very smart. Non-financial debt to gdp ratio running at nearly 300% and CCP still throwing over-generous subsidies at their ev companies. Don’t forget Xi’s personal stake in “green” tech. Also overcapacity if 5-10 mil vehicles a year just lying around…how’s that green? It’s desperate, exports is all they’ve got to keep their economy going. US/Europe don’t have to put up with that. I’m not even gonna go into the quality issues…boom!
US was never pro-capitalism!
China BANS U.S cars, comrade.
Criminals
They are when it benefits them. But if it poses a threeat to them, then it's another story.
They are imperialism
Yea, the Chinese government subsidizes it car industry that not "Capitalism".
There was never an overcapacity issue when the time western and Japanese cars flooded into Chinese market.
😄yeah baby , lets get those trade wars kicking , china should block tesla , EVs are a scam anyways😄
Cause there were NO Chinese cars back then and China had no choice, if they wanted to drive any car at all. 😆😆😆😆😆 Even today everyone wants German, European, Japanese and South Korean cars.
Overcapacity is when there's more supply than demand. China had a huge demand for cars due to the economic boom since the 90s. Further, there were no Chinese in-house knowledge of car manufacturing either. Also, Western and Japanese car makers are not controlled by their governments, so how the hell would they flood the market - overcapacity requires a big wallet from the government.
@Just_another_Euro_dude
No at least not in china. BYD sales are more than VW +Toyota
@@Djursnerable western and japanese car makers are not controlled by their governments? maybe that's because they control the government. the government tariffs by US and Europe governments into Chinese EVs is clearly to benefit and protect these car makers.
US made cars still very expensive with 100% tariff. Poor US consumers.
Sorry, but Chinese cars are socialist.. Why because it pays the it car manufacture to make cars.
😄yeah baby , lets get those trade wars kicking , china should block tesla , EVs are a scam anyways😄
Chinese cars whether gas, diesel or EV, aren't even sold here in the US. So I don't understand why the world is talking about the US putting a 100% Tariff.
Unless the US is going to allow Chinese made EV like BYD to sell here, but they have to have a 100% tax on the dealership that would inventory them here.
because they cant compete wirh china thats why
Exactly , ask anyone if they will work for a doll. /H in US?
Is that why China is constantly conducting corporate espionage to steal IPO such jet engines from GE or even trade secrets from Coca Cola? Right.
@@786otto China's edge is not on cheap labour anymore. Most Cars are built by robots these days. They made the entire EV including batteries and everything else. That's why they can keep the cost so low.
@@LCCATCX Yep, the number of Industrial robots installed in China over the past 3 years is staggering. It's like more than all the other nations combined! This on top of the supply chain and infrastructure China will put them so much ahead.
@LCCATCX Yes that is truth, but labor is also dirt cheap. Thanks for reply.
Tarifs is another Word for Taxes. Americans Pay the Taxes. Not the Chinese.
The point is, it limits Chinese evs entry into the US market.
Only if u buy Chinese goods
@@purujitparashar4642 They pay taxes on everything. Work Income Vat. Chinese Products 100% tax increase for the Americans. Its just a Tax Scam called Tarifs. Tarif Tax Money for the US Government. Easy Money.👍
@@Thiago-im4ly the World is the Market. EU Mexico Hungary Thailand Morocco Ghana Brasil Africa Asia China Russia. Middle East India Indonesia Australia. And the rest of the World.🙂👍👍👍
So they can still buy crap cars.....😂😂😂 am glad I live in Australia
American protectionism against free trade again
What country doesn’t have protectionism policies, free trade exist almost nowhere on earth. US allies and enemies have taken advantage of one sided trade for decades and china agreed to a phase 1 trade deal with Donald but I can’t find any evidence they’ve lived up to Their end we should have have these tariffs in places years ago.
banned in China - google search, youtube, facebook, instagram, twitter,
Free trade sometimes… only when it’s good for us
China is the one against free trade. banned in China - google search, youtube, facebook, instagram, twitter,
China BANS American car sales. It's simply RETALIATION.
Calling US dellusional is an understatement😂
😄yeah baby , lets get those trade wars kicking , china should block tesla , EVs are a scam anyways😄
Free market never existed, all developed nations used protectionism to develop their own industries, but they tell third world countries free market is the way when they do the opposite.
BYD ceo already said he cant care less about american market, its building affordable ev to dominant lower income countries, Mexico plant has sold zero car to the US
😄yeah baby , lets get those trade wars kicking , china should block tesla , EVs are a scam anyways😄
@@humbleindian6303 wow，typical americano, i think AI is bigger of a hustle
BYD = buy your death.
@@beaconlight4720so far 0 deaths now Tesla on the other hand 2,578 deaths
Sounds like a plan to me.
This is atrocious, I've never been so angry, such a backwards horrible policy. They turn off comments on other platforms because they know how outrageous this policy is. Why do Americans let this happen?
100% tariff on $0 is still $0. Basic math.
No sh***t
😄yeah baby , lets get those trade wars kicking , china should block tesla , EVs are a scam anyways😄
what?
It buys votes
So why they scream so loud about Tariff? Make them scared and hate on one country that bailed them out in their 2008 Financial Crisis. What a douche!
To "Protect" the American Car Companies who have been cutting way back on their commitment to building EVs
The American automakers are Not Protected as they are losing market share to China in the rest of the world.
😄yeah baby , lets get those trade wars kicking , china should block tesla , EVs are a scam anyways😄
@@humbleindian6303 There is no trade war. Chinese Made cars aren't even sold in the US Market, so what does China care.
A few years ago, when Tesla wanna enter the Chinese market. China has a few options, one is to stop it by raising tariffs, and the second option is to ask it to form a new company with a 50 % share owned by a Chinese company. However, China goes with one that fully opens the market to Tesla, lets it own 100% share, and even subsidizes its running cost. Yes, many Chinese EV companies died after Tesla joined the game, but it does make the ones survive strong. Today, the US can easily put tariffs on Chinese EVs, however, it means the American EV makers won't improve. Later, the US will have to face a tougher decision of raising tariffs on the EU, Japan, and other friends.
USA cannot dictate trade in world
It ain't. But it CAN dictate the trade on it's OWN market. Just like the EU. China can still enjoy trade with Russia, India, Africa, etc. With those weak markets that can't protect themselves from China. EU and USA will do their thing and protect their domestic markets.
Yes it can it's an Empire
@@Just_another_Euro_dude "Protect themselves from China". Dude. China has literally helped train workforces, build hospitals, build schools, and do so much more for Africa. And the debbt we owe to them is nothing compared to what we owe the west. The same applies to Russia and India. There's a reason why we disIike the US. Every time we partner with them, they steaI and find ways to land us in deebt. Now, more countries are realising these things.
US is the biggest Mafia globally.
Who said they can dictate.
Those countries that do not comply will be the meal on the table.
@@TD1237 Hmmm... No need for all that cheap propaganda. US aid gave God knows how many billions to Africa and Asia throughout the DECADES. Not years but decades. Europe built the biggest most modern or most famous historical cities in Africa. ENTIRE CITIES, like Johannesburg, Cape Town. Alexandria etc. China built few roads and rails? Europe built entire CITIES in Africa.
Great! I now place an order for Xiaomi su7 car and have to wait in line to get the car next year, and overcapacity is all a lie of politicians. Americans don't grab quality cars from me
Well, good luck to ya.
America is years behind in innovation the irony
And its the average Amerca working class that suffers, buying expensive US made vehicals, no free capitalist competition allowed , The USA is looking more like Totalitarian Communist and China more like Capitalist, how ironic how things change
我们中国人早就习惯了，我们根本不在乎，他们的自由，人权，言论自由，价值观，基于规则的秩序，自由贸易就是笑话。 地球离开美国照样能运转，世界人民早已觉醒。
Your post is nonsense.
They still may be cheaper 😂
yeah. the byd seagull is 10,000$ USD globally. Even if they make it $20,000, it's cheaper than all EVs in the US. These cars are selling out like hotcakes in Asia and parts of Europe.
If so, tariff add to 1000%
@@hkbulldog5239 no matter what, UDs can not compete with china on any field.
they can just sell at a loss ( 5k per car) and put all the US automakers out of business
Chinese EV's are not even going into the US market.
Even if the US impose 200% tariff, it will not affect the
Chinese manufacturer, after all it's the American public
who's paying for the extra tariff for the sake of the US
government trying to protect the local manufacturers..
That's the logic, deprive the millions to satisfy the thousands.
Penny wise but pound foolish..
Foolish analysis so USA should allow China to control critical supply chain right so foolish to think its in America interest to let china dominate the tech of the future ; in the long run it’s in USA favor okay; oh wait Trump 2024 is coming for China stupid
@@ssuwandi3240 Foolish analysis so USA should allow China to control critical supply chain right so foolish to think its in America interest to let china dominate the tech of the future ; in the long run it’s in USA favor okay; oh wait Trump 2024 is coming for China stupid
It then becomes an incentive for the US consumer to buy non-chinese vehicles. If the consumer buys no Chinese vehicle, they feel nothing and pay no tariff.
it's election year. anything to get more votes. later, loopholes can be used to undo.
@@abstractlizard9377 in the first place chinese ev wont even going to US lol
why would any ev company from china wanna sold their cars in a hostile country lol
The US-Mexico trade is booming, and it makes the Americans so happy, that they forget to question where all those businesses or factories came from. They thought only the EVs were from China.
That’s purely authoritarianism, let the Americans have the freedom to choose what they want
It is a pro-active move to protect thousands of American jobs, and a car industry which is vital to keep running (Hello Covid supply-chain issues?). Further, The US cannot allow China to control any vital markets given its unfair trade practices.
Why is he running around the studio?does it make him look important😂
He looks like a fool
Because that screen is way too big.
needs a toilet break
All those stupid big screens and changing things like it’s magic.
Just too much fluff.
he keeps spreading his legs like he's about to squat and take a dump. Very weird.
Making Electric cars unaffordable for the working class.
😄yeah baby , lets get those trade wars kicking , china should block tesla , EVs are a scam anyways😄
Why ? Because they are scared. They just cannot compete. But China has a 60M car a year outside of US and EU which is plenty.
Actually Americans consumers will pay more on those tariff goods.
😄yeah baby , lets get those trade wars kicking , china should block tesla , EVs are a scam anyways😄
Yes and no. It makes the cheap Chinese cars more expensive or in line with domestic and other car brands. The Chinese government has been "footing" the bill to offer the cars at such a cheap price in order to improve its own economy and to take contol of the car market. That is neither free or fair trade practices.
The EU have been considering tariffs as well and by extension the UK will follow.
Nothing built in europe or the US will be cheap.
If they do put tariffs on in europe/UK bang goes any hope of ev's becoming mainstream.
No one used to complain about cheap Ladas and Skodas etc. back in the day.
The politicians don't get it the average working person doesn't have the money!!
Funny thing is lot of these cars are also manufactured in China or other countries with cheap labor
That picture of Joe is hilarious and cringy all at the same time.
I would have picked a picture of Joe with aviators 😂
This is the "spirit" of the current day United Snakes demonstrates .... old, frail and about to end...
@@blackknight4996 the American dream is not dead.
😄yeah baby , lets get those trade wars kicking , china should block tesla , EVs are a scam anyways😄
According to Bloomberg Ford is losing $100K for every EV it sells, while there isn't even any Chinese EV in America. So how would the 100% tariffs going to save it? 🤔
Political theatre. A nothing burger
Stop lying. The reported amount is $40.525k (CNN). There are Chinese EVS in the US, and even more in the EU. It is a political message and proactive move before the American car industry is destroyed.
@@alanc457 Oh it's not nothing burger, the tariffs on batteries and chips combined with Americans not buying EVs means Biden just killed any prospect of US building any EVs
Never interrupt your enemy when he is making a mistake
Yes, Chairman Winnie is making a lot of them.
Is he imposing tariffs on himself?? Explain please, we pay those taxes, not him.
@@Djursnerablewhich mistakes?
Economic dominance?
Not having a war in 4 decades?
the u.s. should support EV instead of banning them. what about climate change?
We all know they care nothing except money😂
LOL, what? US only cares about climate change if there is a profit in it. If they don't' make a profit, it won't even be show on the news.
China: overcapacity of tariff😅
free country, unfree market
gun drug ,freedom!!!
Free..? Soon we won't be allowed to say anything that displeases Israel.
Better than China. Unfree country, unfree market :)
US is losing the competition
Perhaps China shall impose a 100% tariff on the main U.S. export of the $USD?
They dont export much to China. Mostly just beans and corn and Stopped buying low quality Boeing a while back.
Read my Lips. No more Taxes. But Tarifs.
He has NEVER said "No new taxes.", on the contrary.
US doesn’t even buy that much of EV’s and it wouldn’t because US consumers still likes those Fast and Furious type of cars, US produces oil and gas, US doesn’t have sufficient charging stations nor does it have enough charging facilities at home. If the excuse is US is preparing for the future investment then companies need to invest huge amount and wait, if ever
very long time to get pay back. If Trump comes back he will just put brakes on green EV and invest in fracking. At the end I would advise China to let it go. Let US politicians do what it does.
Talking about fast...EV actually beat cars with conventional combustion engine when it comes to acceleration.
That was what China was doing...working on efficiency and mass production techniques. Then along came Janet Yellen warning China on "overcapacity", followed by Blinking sweet talking about nothing. He promised to work together with China, But the tariffs is anything but working together, it is filling up the moat with water, put crocodiles and sharks in it, and pilling up the drawbridge. The US is isolating itself by shutting out a serious competitor.
China ev car sold in local market are cheap but they sell more than double the price overseas. So it's not dumping
Tariffs is paid by american consumer not by China. American are just paying more from tariffs. EU accounted for 36% of Chinese EV exports last year, more than the next five largest markets combined. By contrast, the United States currently receives just 1.1% of China's EV exports.
Tariffs are not paid by the consumer, it is paid by the importer. The importer then has to reflect that price on the car, which makes the Chinese cars more expensive or at the fair range of other car brands. If China does not play fair, the US has no option but to protect itself.
@@Djursnerable the importers have to reflect the tariffs price on the cars which is pay by american car buyers right? Lol
This kind of irrational policy is self-destructive.....
Because they are cheaper and better than American cars , we all saw this coming..😅
The number one economy that can't compete
because American are happy to pay for expensive inefficient American e-cars
Looks like Tesla will have to close its Shanghai plant as retaliation
They are expanding ..... that's why China wins again, again and again..
China is not like that. While Huawei is banned in the US, Apple continues to run its business freely in China.
They will export from Germany
@@80sidd
Poor productivity site... Elon worst decision...
@@80sidd Germany factory is a joke now
Otherwise, EV market in the US will crash & consumers will buy EV at a cheap rate.
If someone is doing good is a bad thing, unless is the us who is doing good.
Watch imports via other countries increase like Mexico. What happened ro capitalism?
This could increase demand of hydrogen.
Enjoy the inflation, guys.
It's not going to work. China will open new factory in Mexico or Vietnam and mass export them to the US 😂😂
The American technology media Electrek published an article on the 12th saying that it is ironic that China is often accused of "not doing enough" to deal with climate change, but now the United States says they are "doing too much" in electric vehicles and solar energy.
In 2020, Biden proposed during the campaign: abide by the commitment of the 2020 'The Paris Agreement' (Climate Change Agreement) and reduce carbon emissions.
In 2020, Biden proposed in the National Security Strategy that the U.S. auto industry should enter "Industry 4.0" in order to mass-produce electric vehicles.
In 2021, Biden emphasized that by 2030, the United States will achieve the goal of more than 50% of new cars being electric vehicles.
In 2021, Biden signed the "Bipartisan Infrastructure Law", committing to provide US$7.5 billion in funding to build a nationwide electric vehicle charging network, and setting the goal of "building 500,000 public charging piles by 2030." However, as of today, only 4 states in the United States have built and put into operation a total of 7 public charging stations and a total of 38 charging piles.
In 2024, Biden calls for higher tariffs to boycott Chinese electric vehicles.
"We're very explicitly subsidizing investments in these important strategic areas. We don't want to see massive Chinese subsidies that will just drive our firms out of business."--US Treasury Secretary Janet Yellen May 2024
Translation: We'll support US industries with subsidies because it's strategic, but when others do it, it's unfair competition.
No one take Biden government seriously 😂😂😂
Biden Who? 😂
We the US imposed sanctions because we can’t compete
Why is the UK obssessed with US?
Because US is the boss
Removing fords competition as ford can’t sell any
There goes the neighbourhood. Wrong move, wrong move.
😂 poor consumers
The US auto manufactures require a bail out about every 15 years or so.
US can't compete 😂😂😂😂😂😂
I'm an old man, but I am not in politics.
Biden is an old man, and he's in politics.
He was running out of breath by the end.
China is taking his breath 😊😊
"Western free Market" they claim lol
Simply ban thenm.. No need for a tariff.
Who's idea was it to use charts with very slightly different shades of grey for each country? Feel like I'm taking an eye test.
They did the same thing when japan was a super economy in the 1980s it scared america so they made the value of the yen 50% less valued
Its acctually the opposite, they made yen to higher value same level as US. So that japanese export were more expensive.
I am sure the continuing support of China to Russia has nothing to do with that.
Nah. This for November. Happens every election year. Whoever is tougher with China gets more votes.
It’s to protect the profit of American car companies
it's Precautionary punitive tariffs, or PTSD tariffs.
Does the tariff apply to Tesla EVs made in China?
I am pretty sure it does.
Tesla's exit from china is inevitable
@@mawandaeed Not necessarily. They can supply the huge Chinese domestic market from its China factory and export from China to markets that don't have trade barriers on EVs manufactured in China. Tesla can serve the US/Canada market from Austin, Fremont and Nevada and the EU market from Berlin. That way Tesla has the tree biggest markets covered. They really should also have a factory in one of the RHD markets of the UK, Ireland, Japan, Australia, NZ, SA, India, Malta, Cyprus, Thailand, Indonesia, and various other southern and eastern Africa states outside SA. The obvious choice would be the UK, but somewhere in SE Asia would serve a greater number of nearby of markets. Perhaps Indonesia, India or Thailand could supply the required skilled educated workforce and the best labour price? But perhaps only the UK or Japan would have all the required suppliers? If Tesla can bear the labour costs of manufacturing in the US and Germany, then perhaps the UK or Japan labour costs are not an obstacle. Australia has a large domestic market and all the source materials, but they are lazy buggers who are only willing to dig the stuff up and export it. They lack the enterprise or initiative to process those raw materials into finished products themselves.
In a case of a war, China would switch off your EV remotely. Keep that in mind, and no replacement parts nor software updates would be available.
Sorry for us customers 😂
Because US GOV. IS MAD, CHINEESE CARS HAVEN'T SOLD IN USA MARKET YET.
No more marketing for political campaigns, especially, voters are needed
Great information with excellent use of data/figures
So let’s promote a green future while we make sure nobody can afford to do it . Makes sense .
I have never seen such a double standard country unlike western country mainly USA, this guys talking about free and fair competition for the market of other countries in asia, south america and Africa but when come to their countries they imposed double tarrif!!
Usa is like prostituted fluctuate rate according to customer financial capacity 😂😂😂
And thats is democracy freedom😂😂
A moment of silence for the Americans😢
The Yanks clearly unable to compete with the Chinese. We saw what they did to Huawei
one simple reason: they're afraid😮
Because American EVs are rubblish and can hardly compete with chinese EVs.😅😅😅
Stop American bashing! Every day 136,000,000 Americans buy a product from a Chinese person, 190,000 Chinese students study in the USA,
do 136,000,000 Chinese people buy an American product every day, are there 190,000 American students in China ?
@fern8580 There are 10000 KFCs, 6000 MacDonalds and nearly 7000 Starbucks stores in China. I think this should answer your question!
Wheres the tariffs go? My pockets bro..free money from consumers..usd 10.000+taxes...yeah bring it on..😅
Biden doesn't want to lose against Trump, that's the reason.
this is anti sinosemetic
Feel sorry for American consumers. They are the ones who miss out
It is just the beginning. Big fight is coming.
WARREN BUFFET FUNDED BYD LOL HAHAHAHAHAHAHAHHAHAHAHAHAHAHHA
They should also tariff those Chinese for being so greedy. 🤣
3 EV battery plants are being built in Ontario, Canada.
That might be the case but the majority of the raw materials that go into EV batteries are sourced from China
@@kennyg-888 That might be changing as time goes on.
Is US saying the chinese cant setup assembly plant in Mexico?
A US EV sold in the US get's a 7500 Dollar tax cut. How is that different than the Chinese subsidizing their EV's?
Here’s a wild idea. Why doesn’t America come together and build more affordable cars? Got Ford selling their trucks for $50k+.
$50k+ for a freaking Ford! 😂
US is not importing any Chinese EV to begin with. What’s different now?
Im from mexico i will import chinese and rebrand it 😂😂😂
It’s already happening. Chinese car manufactures in Mexico.
China should impose 100% tariff on US made automobile and airplane !!!
Why?
US was just to much stuck to petrol cars trend due to petroleum business. They could easily done this way before Musk came out with Tesla which generate market interest. China on the other hand are investing a lot in development and with design catching up with top brands. The different story it’s usability and future second hand market. What will be left from a 20 years old electric vehicle? Now one knows. With petrol engines it’s much easier at least till this point.
A sure sign that your country can no longer compete on the so-called free market.
What about WTO rules?
Why can’t civilians buy cheap car?
Isn't tariff against WTO rule?
would like to turn the gas money into food money.
could really help...
if we could buy EV for $10K one time and recharge for $10 a week,
not $50K one time an EV nor $100 for gas a week.
print money, and consumer pay the inflation.
bailout companies, and consumer pay the debt.
sanction products, and consumer pay no choice.
cause inflation isn't enough, let's give it a push with a new tarriff.