Not when they are subsidized by a communist totalitarian government (or even a nice government). That's like saying we need cheap cars so let's make our government give us money to buy a car. Most of the expenses on building a car are regulations and fuel environmental standards.
Not stupidity as I really doubt the people sitting up there don't have the slightest bits of common sense. It is the corruption that drive senseless decision. Just like some companies insist on buying from the most expensive supplier with the poorest quality.
Standard thirteen in a dozen "career politicians" in most EU countries are no politicians no more, in any classical sense of the world. They are just career wannabe EU bureacrats and corporate bureaucrats of the ruling massively bloated administraritive class of parasitical bureaucrats of the corporate state without any sense of genuine public service and/or representation of We the People.
the chinese making EV cheaper for customer to buy , so everybody benefits, why put on 50percent???? when europe selling a lot cars to china the chinese did not complain.
Because China is a fair-minded player unlike the Anglos in the US and Europe who have resorted to dirty tactics and schemes to get ahead their whole lives! They’re crooks that have never played fairly with others that’s why they always resort to the same dirty tricks whenever they are losing!
because they will destroy the European auto industry by selling cheap cars that are subsidized and when it's destroyed the subsidies will stop and the prices will go high again. So now you be paying the same amount for a car, and will have lost the industry.
I'm just so glad that we have no tarrifs on Chinese EVs in Oz. Wow, have we got some affordable and truly amazing EVs coming to the Australian market. Great for our hip pocket and great for the environment. 😊
@@truthful3777china buys 3 billion in lithium every month from Australia. They buy wheat iron ore and many other minerals. Australia is making big bucks on Chinese ev industry
Forget UK. Your grandaddy from across the Atlantic will forbid you to have any dealing with China. Do you know how many times your country has been instructed to abandon Chinese engineering equipments?
It's not China that took on Europe. It's the European politicians that took on Europe. This has been the most destructive crew in a generation, and Europeans will pay for the last few years for at least a generation, likely more. It's really sad
We have a Chinese MG 4 it’s absolutely fabulous a build bill quality 2nd to none and it’s been 100% reliable for the 15 months. that we’ve had it. It really is the best car that we’ve ever had in 40 years of driving
I’ve known a guy sell his MG at 10 months old. The paint job was thin enough in places to show the primer underneath. The dealers were slow to replace a broken part under warranty. Ultimately he lost confidence in the car to last several years.
@@_Dougaldog I guess you get what you pay for... I didn't trust the car. The ACC was tailgating at max range setting. Timed to 2 seconds which is below the legal 3 seconds here. The lane assist freaked out a lot thinking I was over the line and pulling the steering wheel. The autopilot or TJA or whatever its called was super nervous. They stopped selling the 51kWh LFP battery version here in Norway. Not enough people interested in it. And it DC fast charges to slow for people apparently. The price also went up quite a bit with the newer versions of the car. They had a lot of preregistered ones that didn't have the black box. The 64kWh I was considering was 310k NOK. I'll keep my 2020 e-Golf a while longer tbh. Much more comfortable than the MG4. Only reason I looked at it was the short range on the e-Golf.
Von der Leyen drove the German military into the ground, when she was Defenseminister. Then Germany deported her to a golden exile in the EU. There she continues her havocly politics.
Von der Liar reminds me of Hitler! She’s basically a female Hitler except more manipulative and more aggressive at the mouth like a barking female dog in pms mode all the time!
What kind of leaders must be used to maintain this mutually destructive alliance! Are the Baltic States economically successful? The truth is a mess! But in order to maintain this fragmented alliance, some people who are not qualified for this position are used as trade commissioners! There are also all kinds of so-called leaders who cannot clearly understand their own abilities! Just for the sake of vanity, he became a puppet of some countries! As long as you look at their style of doing things, you will know that they can destroy themselves!
"China will have to start paying tariffs" - You don't understand how tariffs work. China ships the cars over then import duty is added and that is paid by the buyer. It makes Chinese imports look more expensive than they would otherwise be, but China doesn't pay it.
China doesn't pay but increased tariffs means the prices will hike making it unaffordable to many thus affecting sales. By trying to hurt the manufacturer they ultimately hurt their own citizen's pockets.
Tariff only works when you have companies that have the will to innovate and develop, not some legacies want to sit tight and squeeze every penny out of their customers till the end of days, and meanwhile adversaries' products won't be well sold with those tariffs added, not prices are still lower than your own after that.
EU doesn't complain when they are buying inexpensive Chinese phones, garments, toys, etc. haha. Logically speaking since they are also so inexpensive they must also be subsidized,..n not bc China is a relatively low cost country, its workforce is very efficient n hardworking, n its great infrastructure also enhanced efficiency in d whole supply chain.
lol, have you been to China? They have 20% youth unemployment, their aircraft carrier military is a joke. A nuclear sub recently sank at sea, Real estate market is crashed with unfinished homes. Recently had to announce stimulus.
lol, Russia just had nuclear drills with full missile tests from land air sea. Stating all forces need to prepare. People multiple wars and you bring up this. lol. You better wake up quickly.
@@shiner8375 Entirely irrelevant, we have had nuclear weapons for over 1/2 century, and apart from WW2, none have been fired in anger, are you suggesting we should just ignore climate change in case someone one day decides to start a nuclear war? I might understand you post if I was off topic, but it is you that has moved the goal posts here. I would add though, Russia had another nuclear test a couple of weeks ago, and the missiles failed to get out of the bunkers even. Their kit is very old, and in poor condition.
Make no mistake. Eu needs money. Instead of 0 tariff to benefit eu citizen. Guess where tariffs will go. Into the government pockets and continue there idiotic spending
Dumb comment. The decision wasn't made by her, it was voted by EU countries. Nothing she can do about it. Germany voted against tariffs, as did others.
Hi Dave, I live in Australia China slapped tariffs on us a few years ago for other reasons, we know they hurt . Luckily for us we have no tariffs on car's coming from china as we have a so called free trade agreement with them. lot's of cars now coming in , we have no car industry here to hurt.
That's because under the moron Morrision administration, Australia went full tilt with the US and Donald Trump, and inspite of China being the best and biggest customer of Australia, that vassal deputy sheriff of the US spit into China’s face, even to the extent of accusing China of starting the Covid 19 with zero supporting evidence, not a shred! So China says.... OK, we will take our custom and trade elsewhere, why continue to shop in the same store when the oi owner of the store is rudely obnoxious, insulting and in bed with our greatest enemy, the US. China stopped buying your lobster, wine and reduced the coal import during those times. Even the Chinese students avoided going to Australia to study, given the kind of hatred spewed in the Ozzie media daily against the Chinese. Now with a change of government, the relationship between the 2 countries have improved a lot. So the moral is....don't spit into the face of your biggest customer 😂
I’m just glad the stupidity between Oz and China has calmed down. Even without the tariffs, Nationalism would have higher impact on Oz products in China imo. I remember a customer of mine specifically demanded at their annual banquet where they invite major partners, customers and suppliers all over the world to attend, it’s quite a feast, that no American or Australia wines, seafood, vegetables and meats were to be used by the hotel. I asked one of the founders, a classmate of mine from Uni in the States, why such a demand and he simply replied, under what logic does a customer take insults from a supplier and still buy products of said supplier, it’s simple business logic. He even mandated and paid for all his employees to switch their phones to Huawei if they were using iPhone and banned iPhones in the company. Over-reaction imo but can’t argue with his logic, his money, he can spent it however he wants. The procurement people that I work with actually said to me during that conversation that she wished she knew the boss was gonna do that as quite a few of them threw out their iPhones and bought Huawei or another Chinese brand before the decision was announced so they ended up paying for it themselves. The Chinese consumers are scary when they perceive an unreasonable slight against China and they will take their spending elsewhere. That said, I was a major beneficiary of that spat since I supplied them with products from Indonesia and the consensus amongst Indonesia business circles is , we hope Oz would keep this up so China turns to us for supply. However I personally believe that we should all compete on product quality and pricing and not on silly geopolitical neocon agendas.
Ursula is a genius! She told the world that Russia was out of weapons & ammunitions in 2022. She said that Russian soldiers had to scavenge chips from dishwasher & washing machines!! 😂😂 She even said that the Ghosts of Kiev will help Ukraine!! She is very bright!! 😂😂😂😂😂
You only have to look at the Hyundai Ioniq 5N in the UK, to see how out of date a Lambo is. I look a Lambos as overpriced, impractical, noisy junk. Children must laugh at old men trying to show off in their noisy dinosaurs.
Go on the Daily Mail and you’ll see loads of dinosaurs boasting about driving their V8’s and how they are always overtaking EV’s in them . I’d like to see them try that with a 5N 😂
@@ISuperTed Maybe the EV drivers are just sticking to the speed limit whilst those constantly overtaking are always speeding. Even the standard Ioniq 5 AWD is quicker off the mark than a good many ICE cars that people think are quick.
Lambos have always been outdated. Have you driven a countach? I did for like a mile at a car show and that thing is terrible even by 80s standards. You don't buy a Lambo because you want the latest technology. You buy it for speed, handling, noise and most of all, to be seen driving a Lambo.
Super jealous and I'm actually surprised that the Australian government didn't follow EU and the US on this one. I guess because Australia doesn't have an auto/EV sector of its own.
One major concern that you failed to mention Dave, is tariffs end up being paid for not by China, but are passed onto the British and European consumers. (extra cost) and high tariffs are extremely inflationary. 😮
No matter what your leaders and Trump say... tariffs are paid by the consumer. Goods are put on a ship from China and the importer must pay the tariff where it is passed on to the vehicle dealer. Then when the vehicle is sold to the consumer at the price+tariff, the dealer then sends the tariff money into the gov't. China doesn't pay the tariff. What tariffs try and do is limit the amount of product being imported, and then make it so expensive the consumer by the local brand rather than the Chinese brand. But either way t our gov't gets the tarrif money.
EU had no choice but to follow whatever their US master tells them to do. Everyone knows the US wants to contain China in every way it can. The US and Canada were the first to put tariffs on Chinese EVs, and now the EU has to follow, like it or not.
They should have given the US the middle finger and tell it to get lost! What the US going to do to the EU? Invade it? The US already has dozens of military bases there so what difference does it make?
Agree. US statesmen/women says "Over Capacity" of EV and Solar Panels to China. We never heard "Over Capacity" about iPhone, Tesla model Y, or Boeing, not to mention Microsoft Windows, Google, Facebook etc.
We seem to forget just how big the Chinese home market is - 1.2 billion. This is bigger than Europe and US put together. Now the Chinese economy has developed to the extent it is no longer anywhere near as dependent on Western markets - it can sell their home manufactured products to their own consumers AND those in Asia
First time watching your show Sir and no disrespect meant but I want to correct something you said...Tarrifs are not paid by the seller but by the buyer therefore the producer does not have to increase their price. The tarrif is paid by the buyer/importer at your customs authority before goods enter a country.. Therefore tarrifs actually do not impact the seller as they already received the amount they are selling the product for.
They do in a different way, tariffs reduce the demand for the products that they are applied to, therefore in this case the Chinese EV makers will sell less cars into Europe or the US as a result of them being more expensive to the customer in those markets plus the country imposing the tariffs makes a big packet at the same time, or government revenue if you like and that too probably making more than the exporters for doing nothing, but yes at the end of the day it is the customer that pays but the exporter also pays by making less sales volume, they can work but only if the producers in the countries imposing the tariffs are willing to innovate and compete which it seems is not going to happen.
I fully agree with your statement @madeehasaeed786... The problem with the tarrifs some countries and Trump propos is that the seem to forget the it's meant to resurre your local industry through increased prices making importing goods less attractive therefore strengthening your local producers. What I notice is that many products that tarrifs are being imposed on can not be produced locally due to hollowed out production infrastructure. Building up that capacity will require RND and capital injection so how do they plan on making local industries competitive when they don't exist... I would propose building up local industries first, winning back some market share through competitiveness and then applying tarrifs.
Un auto Xiaomi con 1530 HP acaba de batir el record en la pista de Nürburgrin, Geely comienza a utilizar sus motores de 46% de aprovechamiento de la energía...Europa o USA no tienen oportunidad...
It doesn't force them to charge more at all, it means we pay more and the importer has to pay the government on each vehicle It imports from china. So the retailer has to charge us more. These vehicles will still be cheaper but we will as usual pay more tax.🤔🤫
They tested the European market paying higher prices for LNG energy, so they decided it would work the same with higher tariffs for Chinese made EVs. Their consumers will accept their taxing. But they did not anticipate that China to stop buying their other produces and halt investment for them.
Where does the UK fit in here? We don’t have such a big domestic car industry to protect so we should surely continue to import cheaper Chinese cars to aid our switch to EVs?
So might this be the Brexit dividend? The UK allows in much cheaper Chinese EV - no tariffs - for the benefit of the UK punter. Reduced car prices, reduced car running costs, “net zero” hastened… Maybe not so good if you’re in the ICE car business though…
@@user-ki1bk5fi8b MIC, WEF and banksters. The post-capitalist Financial Feodalism of the West, which is bubble of fraud losing badly to the classical investment capitalism of China, which can be called both State capitalism and State socialism, depending on which word you like better.
She did not make the decision, you ****. It was other countries. And why did those countries make that decision? Because they were pressured by their industry leaders. Are you in a position to say what is better for the country? What are your references?
Action and reaction are equal and opposite. To every action there is an equal and opposite reaction. Politicians never think "If I do this what will happen". They think for votes and handclaps.
how stupid are they you put tarrifs on them what you think there going to do to you Your going to be worse off and also your harming your own people and making them suffer just because you want play games
Untrue. You are not comparing apples with apples. China has no tariffs on imported EVs, your quoted Chinese tariffs only apply to ICE imports. After all, China has penalties on purchases on even domestically produced ICE vehicles. In comparison, EU is slapping tariffs on Chinese EV imports.
@@andrewsarchus4238 I have an EV and it works great for me. But to say it works for everyone is silly. Few charging stations, especially inconvenient to people who rent. Expensive DC charging. Slow charging. Can't drive very far without needing at least a half hour stop-over at a charger. And if that is blocked, you'll have to wait....
It's all about the US arms industry having to have the best guns at all times even if it affects the entire economy. But now has China its own chip manufacturing that will be competitive.
The EU thinks that they can force Chinese companies to invest in building factories and infrastructure in EU if the Chinese wants to "work-around" the tariffs. This in turn will also helps with EU's economy. Don't think many will invest though, with the high costs of energy, materials, labour etc... and in danger of those assets getting seized. It seems EU companies are moving out to China instead. China is playing Weiqi while EU is playing self inflicting games.
And guess who's paying for Ursula's ideas ? Yes, us, the people.😢 Has nothing to do with ev's or chinese goods. Has everything to do with harvesting, or taking away, money from you.
This ridiculous situation to do with European industry is similar to the European political stances in relation to Ukraine and the Middle East. The difference is that with the industry we are not witnessing the unimaginable suffering coming from the radicalisation of the ukrainians and the despise of the Russians, or the genocide Palestinian, Lebanese or other Arabs.
Eu’s politicians and policy advisors need to go to/study India and China to learn proper and sustainable geopolitical/economic policy making which benefits them. Incompetence wont get you far in front of ruthless tigers from these countries. If australia can do it, eu can as well.
It's a shame for EV adoption in Europe, if China go through with is some legacy car makers will collapse and that's going to push back affordable EU built EVs even further. The few that survive are going to struggle as almost all the batteries in the world are made in China too. Also and this is worth thinking about, should you buy a Chinese EV now? Will you be able to get parts and service support going forward? My next EV was going to be an MG5, I'm putting that purchase on hold now until we see what happens. At least the UK hasent got involved in this so far but with Starmer trying to make friends in Europe after the Tory wilderness years, let's see how long that lasts.
@@hpaul2864 EV motors can definitely wear out too, just ask anyone who had to replace shaft bearings in a ZOE or i3. Usually takes a couple hundred thousand km to happen, but then again most ICE are toast by then too.
After Tariffs go crazy, and they will, it will force nations to sit at the table and come up with actual agreements for trade that hopefully stay binding. There is a lot of tricky business going on with the price of items because the same item can come from many places in a global market.
A lot of totally incorrect information in this channel. “The Americans never sold many cars in China.” WHAT ? GM in 2017, including their various joint ventures, sold over FOUR MILLION cars in China, and China was a huge profit centre for Ford which sold over EIGHT HUNDRED THOUSAND CARS there in 2016 alone. (But since then, the decline for ICE cars has been precipitate, and sales from Ford last year was barely a quarter of what they were at their peak). (Ford has now gone into partnership with a Chinese EV company to build a mega factory for EV’s in China with a view to leveraging Chinese EV tech and manufacturing prowess and exporting to the rest of the world). “China is subsidizing their EV industries a huge amount” : again WRONG. Subsidies for individual cars have been removed. Previously, the majority of subsidies were not for each car manufactured or sold, but mainly with free or cheap land to set up factories, preferential low interest loans, tax exemptions, setting up of supply chains and infrastructure by the government next to the car factories etc etc in order to facilitate the establishment and growth of EV companies. There was a subsidy of something over US$1,000 per car but that has now been discontinued as the industry is mature. (This $1,000+ in no way accounts for the price advantage of Chinese EV’s as these are manufactured in China at about one quarter the cost that they are able to produce them for in Europe or the U.S. ; this is due to advantages in supply chains, infrastructure, and degree of automation). Ford’s joint venture is to build a factory in China, and NOT to build a factory with the Chinese partner in the U.S., so this should not be affected as of now. So I would not take any information from this channel without extensive fact-checking as the guy is either terribly out of date or just plain wrong.
Truth of the matter is that the US subsidizes its corporations way more than China does because the US subsidizes its corporations year after year after year with no end in sight! Versus China who only does it to get its companies started in an industry. But as usual it is always the US’s scheme to accuse its competitor of what it does!
Most unfortunate for the consumer. The decisions of those in charge of the country are gravely affecting the working man with devastational irreparable consequences.
Leapmotors International is a new joint venture company registered in Amsterdam and is a completely separate company to Zhejiang Leapmotor Technology Co which is the Chinese registered company for Leapmotors China.
far from the topic, related to subsidies, I remember how a company selling dried fish and fruit could become the multinational electronics company "Samsung"
Please comment on the elephant in the room. The UK is not a member of the E U. Are we ideally placed to welcome multiple Chinese car companies into the country or not?I guess too early for Labour to say yet? We always knew the EU was always a protectionist organisation anyway.
We were flooded with news on the WTO a couple of decades ago and now it's vanished?! What's the problem? It was supposed to solve these trade problems. Wasn't it?!
All goods imported into China are subject to the nation’s value-added tax (VAT) of either 13 percent or 17 percent. The 13 percent tax is available for certain goods that fall mainly within the categories of agricultural and utility items, while the 17 percent tax applies to other goods subject to the VAT tax.
Cheap well made cars are good for the world. We don't want expensive cars that cost an arm and a leg and take years to pay off.
When people drive EVs which cost less to buy and run, their cost of living or business lowers.
EU:”and vee can’t hav zaat “😅
Chinese cars ARE SUPERIOR AND COMPETITIVELY PRICE! EU CARs are Inferior and expensive...NO ONE WANTS TO BUY!
Chinese cars ARE SUPERIOR AND COMPETITIVELY PRICE! EU CARs are Inferior and expensive...NO ONE WANTS TO BUY!
Not when they are subsidized by a communist totalitarian government (or even a nice government). That's like saying we need cheap cars so let's make our government give us money to buy a car. Most of the expenses on building a car are regulations and fuel environmental standards.
Yep, this is fully deserved. Stupid EU politicians. Even the EV producers in the EU were against tariffs.
Not stupidity as I really doubt the people sitting up there don't have the slightest bits of common sense. It is the corruption that drive senseless decision. Just like some companies insist on buying from the most expensive supplier with the poorest quality.
They are not stupid
They are self-centered and enriching themselves at the expense of their own people.🤣🤣🤣
these politicians are just prawns
They are definitely not stupid people. Just corrupt
Standard thirteen in a dozen "career politicians" in most EU countries are no politicians no more, in any classical sense of the world. They are just career wannabe EU bureacrats and corporate bureaucrats of the ruling massively bloated administraritive class of parasitical bureaucrats of the corporate state without any sense of genuine public service and/or representation of We the People.
Protecting overpriced vehicles is bad for the public and environment!
Ursula has a really good record of destroying stuff, ask zelensky
Is there any difference from these two?
Again, it was not her call. Are you people this dumb?
@@andrezcabara2774 We know is the US . But gosh how dump you have to be to destroy EU`s economy following Us into the abis
@@teodorachim4757 Neither EU nor the US will be destroyed. Of course you can believe Trump...
Trouble is mate,she and Annalena did it very willingly.
the chinese making EV cheaper for customer to buy , so everybody benefits, why put on 50percent???? when europe selling a lot cars to china the chinese did not complain.
because EU had dumb leader
It's the White Supremacy's mentalities and attitudes.
China has a huge trade surplus. Why would they complain?
Because China is a fair-minded player unlike the Anglos in the US and Europe who have resorted to dirty tactics and schemes to get ahead their whole lives! They’re crooks that have never played fairly with others that’s why they always resort to the same dirty tricks whenever they are losing!
because they will destroy the European auto industry by selling cheap cars that are subsidized and when it's destroyed the subsidies will stop and the prices will go high again. So now you be paying the same amount for a car, and will have lost the industry.
I'm just so glad that we have no tarrifs on Chinese EVs in Oz. Wow, have we got some affordable and truly amazing EVs coming to the Australian market. Great for our hip pocket and great for the environment. 😊
Same here! Competition is great for consumers
China put tarrif on EU liquor and opning up on OZ brandy.
can saddleup kangaroos and ride them to work,they can sprint 40 mph.
It’s about time Australia got its acts together and pushed back against the outrageous demands from the US a little!
@@truthful3777china buys 3 billion in lithium every month from Australia. They buy wheat iron ore and many other minerals. Australia is making big bucks on Chinese ev industry
EU pick the wrong target, sadly Ursula works for El Capone. she is only care of her job.
She is an Uncle Sam agent
Well, she works for the US, which is basically a mafia!
You mean " El Trap- one".
Somebody needs to Measure Ursulas head/brain.
What else was Ursula supposed to do? Tell those EU countries their votes don't count?
Great someone took Europe on..Well done China..Come to the UK...
You mean the tax haven for corporations in exchange for backhanders to your corrupt corporate shills in Parliament?
Chinese cars ARE SUPERIOR AND COMPETITIVELY PRICE! EU CARs are Inferior and expensive...NO ONE WANTS TO BUY!
Forget UK. Your grandaddy from across the Atlantic will forbid you to have any dealing with China. Do you know how many times your country has been instructed to abandon Chinese engineering equipments?
It's not China that took on Europe. It's the European politicians that took on Europe.
This has been the most destructive crew in a generation, and Europeans will pay for the last few years for at least a generation, likely more. It's really sad
We have a Chinese MG 4 it’s absolutely fabulous a build bill quality 2nd to none and it’s been 100% reliable for the 15 months. that we’ve had it. It really is the best car that we’ve ever had in 40 years of driving
MG4 build quality? LOL... Noisy plastic fantastic. Tried one for a couple of hours even though I had it for testing a whole weekend. Terrible car IMO.
@@Gazer75
You'll not get better for £22,695 brand new with 7/8 year warranty. IMO.
I’ve known a guy sell his MG at 10 months old. The paint job was thin enough in places to show the primer underneath. The dealers were slow to replace a broken part under warranty. Ultimately he lost confidence in the car to last several years.
@@_Dougaldog I guess you get what you pay for...
I didn't trust the car. The ACC was tailgating at max range setting. Timed to 2 seconds which is below the legal 3 seconds here.
The lane assist freaked out a lot thinking I was over the line and pulling the steering wheel. The autopilot or TJA or whatever its called was super nervous.
They stopped selling the 51kWh LFP battery version here in Norway. Not enough people interested in it. And it DC fast charges to slow for people apparently.
The price also went up quite a bit with the newer versions of the car. They had a lot of preregistered ones that didn't have the black box. The 64kWh I was considering was 310k NOK.
I'll keep my 2020 e-Golf a while longer tbh. Much more comfortable than the MG4. Only reason I looked at it was the short range on the e-Golf.
T@@Gazer75😢
You're so dumb
Von der Leyen drove the German military into the ground, when she was Defenseminister. Then Germany deported her to a golden exile in the EU. There she continues her havocly politics.
better than fliping burgers at mcdonalds
Von der Liar reminds me of Hitler! She’s basically a female Hitler except more manipulative and more aggressive at the mouth like a barking female dog in pms mode all the time!
There was no military to run into the ground. It was already weak. And she did not make this decision, it was a decision by EU member states by vote.
Von der Leyen
..is Liz Trusses Cousin.
Hahahahaha😂
What kind of leaders must be used to maintain this mutually destructive alliance! Are the Baltic States economically successful? The truth is a mess! But in order to maintain this fragmented alliance, some people who are not qualified for this position are used as trade commissioners! There are also all kinds of so-called leaders who cannot clearly understand their own abilities! Just for the sake of vanity, he became a puppet of some countries! As long as you look at their style of doing things, you will know that they can destroy themselves!
"China will have to start paying tariffs" - You don't understand how tariffs work. China ships the cars over then import duty is added and that is paid by the buyer. It makes Chinese imports look more expensive than they would otherwise be, but China doesn't pay it.
china has hit back 😂😂😂
tariff is a tax to hurt their own citizen but propaganda as helping their citizen , it seem general public had no idea
China doesn't pay but increased tariffs means the prices will hike making it unaffordable to many thus affecting sales. By trying to hurt the manufacturer they ultimately hurt their own citizen's pockets.
shows how dumb trump and mafia peter narravo adviser are
Tariff only works when you have companies that have the will to innovate and develop, not some legacies want to sit tight and squeeze every penny out of their customers till the end of days, and meanwhile adversaries' products won't be well sold with those tariffs added, not prices are still lower than your own after that.
Ursula von der Leyen seems to work for America's interests instead of Europe's....
She is an American mole in Europe, in other words a spy and the ruling elites in the EU know it
She did not make that decision, she does not have fascist powers. Have you read up on how this decision was made?
Absolutely.
@@andrezcabara2774 LOL how naive are you? Do you think that's what I meant?
@@iamsheepWhat the heck did you mean then?
Vandalyan looks after Uncle Sam's policies rather than Europeans.
She DID NOT MAKE THE DECISION. Read up on the facts.
@@andrezcabara2774yes. The french start this and she pushed it with full support and successfully separate the EU 😂
@@gooner3654 How do you know she "pushed" it? What was she supposed to do?
@@andrezcabara2774 You did not follow the news, its been talking for months
@@gooner3654yes, so? How did she push it?
EU doesn't complain when they are buying inexpensive Chinese phones, garments, toys, etc. haha. Logically speaking since they are also so inexpensive they must also be subsidized,..n not bc China is a relatively low cost country, its workforce is very efficient n hardworking, n its great infrastructure also enhanced efficiency in d whole supply chain.
lol, have you been to China? They have 20% youth unemployment, their aircraft carrier military is a joke. A nuclear sub recently sank at sea, Real estate market is crashed with unfinished homes. Recently had to announce stimulus.
Were are the tarifs against US EVs? They finance their Ev industry with tax money as well.
EU do a knee jerk reaction and it has come back to hit them harder!
When did that happen last? 🤔
Just the USA getting rid of the competition! Europe won't recover for 200 years.
It seems the environment is taking a back seat as far as the EU is concerned.
I really hope the UK doesn't follow them.
lol, Russia just had nuclear drills with full missile tests from land air sea. Stating all forces need to prepare. People multiple wars and you bring up this. lol. You better wake up quickly.
@@shiner8375 Entirely irrelevant, we have had nuclear weapons for over 1/2 century, and apart from WW2, none have been fired in anger, are you suggesting we should just ignore climate change in case someone one day decides to start a nuclear war?
I might understand you post if I was off topic, but it is you that has moved the goal posts here.
I would add though, Russia had another nuclear test a couple of weeks ago, and the missiles failed to get out of the bunkers even. Their kit is very old, and in poor condition.
That is THE BIGGEST JOKE coming out of EU on clean environment 😂😂😂
Make no mistake. Eu needs money. Instead of 0 tariff to benefit eu citizen. Guess where tariffs will go. Into the government pockets and continue there idiotic spending
arms spendings.
Government pockets? lol. Those pockets have large holes. lol. Government going to spend regardless of tariffs, taxes, Etc.
There's a difference between 0 tariffs and 100% tariffs
Watching the EU experiment fall apart. Tough times ahead
Ursula Gertrud von der Leyen works under the US haha...
Correct.
the witch got a muric9n sugar daddy
mistress to the merican ca
Dumb comment. The decision wasn't made by her, it was voted by EU countries. Nothing she can do about it. Germany voted against tariffs, as did others.
Her whole family are Americans including her husband and children, she works on American's order, yes, she's a Miss Bonds, Jane Bonds aka 007. 😂😂
Hi Dave, I live in Australia China slapped tariffs on us a few years ago for other reasons, we know they hurt . Luckily for us we have no tariffs on car's coming from china as we have a so called free trade agreement with them. lot's of cars now coming in , we have no car industry here to hurt.
"We know they hurt?" How does that hurt the commie more than your lobster and wine industries?
That's because under the moron Morrision administration, Australia went full tilt with the US and Donald Trump, and inspite of China being the best and biggest customer of Australia, that vassal deputy sheriff of the US spit into China’s face, even to the extent of accusing China of starting the Covid 19 with zero supporting evidence, not a shred! So China says.... OK, we will take our custom and trade elsewhere, why continue to shop in the same store when the oi owner of the store is rudely obnoxious, insulting and in bed with our greatest enemy, the US. China stopped buying your lobster, wine and reduced the coal import during those times. Even the Chinese students avoided going to Australia to study, given the kind of hatred spewed in the Ozzie media daily against the Chinese. Now with a change of government, the relationship between the 2 countries have improved a lot. So the moral is....don't spit into the face of your biggest customer 😂
you are lucky after voting out Morrison.
they are buying iron ores,beef,wine again win win situation.
I’m just glad the stupidity between Oz and China has calmed down. Even without the tariffs, Nationalism would have higher impact on Oz products in China imo. I remember a customer of mine specifically demanded at their annual banquet where they invite major partners, customers and suppliers all over the world to attend, it’s quite a feast, that no American or Australia wines, seafood, vegetables and meats were to be used by the hotel. I asked one of the founders, a classmate of mine from Uni in the States, why such a demand and he simply replied, under what logic does a customer take insults from a supplier and still buy products of said supplier, it’s simple business logic. He even mandated and paid for all his employees to switch their phones to Huawei if they were using iPhone and banned iPhones in the company. Over-reaction imo but can’t argue with his logic, his money, he can spent it however he wants. The procurement people that I work with actually said to me during that conversation that she wished she knew the boss was gonna do that as quite a few of them threw out their iPhones and bought Huawei or another Chinese brand before the decision was announced so they ended up paying for it themselves. The Chinese consumers are scary when they perceive an unreasonable slight against China and they will take their spending elsewhere.
That said, I was a major beneficiary of that spat since I supplied them with products from Indonesia and the consensus amongst Indonesia business circles is , we hope Oz would keep this up so China turns to us for supply. However I personally believe that we should all compete on product quality and pricing and not on silly geopolitical neocon agendas.
Ursula is a genius! She told the world that Russia was out of weapons & ammunitions in 2022. She said that Russian soldiers had to scavenge chips from dishwasher & washing machines!! 😂😂 She even said that the Ghosts of Kiev will help Ukraine!! She is very bright!! 😂😂😂😂😂
She is completely incompetent along with most of Brussels
UvdL Chief idiocrat
She is not incompetent,.Is corrupt to her core! The 2 butchers of Germany, Ursula and Annalena
I agree with you, the EU made a serious mistake.
You only have to look at the Hyundai Ioniq 5N in the UK, to see how out of date a Lambo is. I look a Lambos as overpriced, impractical, noisy junk. Children must laugh at old men trying to show off in their noisy dinosaurs.
Go on the Daily Mail and you’ll see loads of dinosaurs boasting about driving their V8’s and how they are always overtaking EV’s in them .
I’d like to see them try that with a 5N 😂
@ISuperTed Me also... That's why I want a black one. All spoilers etc are virtually invisible. A real stealth 5N
Woman rools.....bring poverty and disaster.
Crassy EU.....sado mazo will fall apart soon...
@@ISuperTed Maybe the EV drivers are just sticking to the speed limit whilst those constantly overtaking are always speeding. Even the standard Ioniq 5 AWD is quicker off the mark than a good many ICE cars that people think are quick.
Lambos have always been outdated. Have you driven a countach? I did for like a mile at a car show and that thing is terrible even by 80s standards. You don't buy a Lambo because you want the latest technology. You buy it for speed, handling, noise and most of all, to be seen driving a Lambo.
We're so lucky to not have any tarrifs on Chinese cars in here Australia
ro
Super jealous and I'm actually surprised that the Australian government didn't follow EU and the US on this one. I guess because Australia doesn't have an auto/EV sector of its own.
@@ChrisZ901 I know.. Australia has a bad habit of blindly following the US government. I'm glad they didn't this time
Bravo China!!
Latvia, Lithuania, Estonia, Poland - what a priceless gift to the EU they are turning out 😂
Together with UK all these countries are the biggest fanatic Russophobes and anti China fanatics! Time will tell !
Those former Eastern bloc countries in EU are Uncle Sam mole in the EU.
Ursula should be sent to prison after next election
Al rogo
Ursula van der Lying was never elected in the first place. She was appointed
same with the lying master US congress too.
you can send her to prison right now, noone in the EU has any immunity at all.
She did not make the decision for tariffs. Why are most people here dumb asses?
EU is going to have a %$$$$%$%$ difficult time in 2024 , 2025 and COLLAPSE in 2026 . Just my "STUPID prediction "
One major concern that you failed to mention Dave, is tariffs end up being paid for not by China, but are passed onto the British and European consumers. (extra cost) and high tariffs are extremely inflationary. 😮
Tariff is not the exact word, tax is.
Tariff is not the exact word, tax is.
England, to my knowledge, hasn't placed a tariff on Chinese vehicles. Got nothing to do with UK
Ho stupid so Europe places a tariff on China but the Europeans pay it? Then how does that hurt China?
No matter what your leaders and Trump say... tariffs are paid by the consumer. Goods are put on a ship from China and the importer must pay the tariff where it is passed on to the vehicle dealer. Then when the vehicle is sold to the consumer at the price+tariff, the dealer then sends the tariff money into the gov't. China doesn't pay the tariff. What tariffs try and do is limit the amount of product being imported, and then make it so expensive the consumer by the local brand rather than the Chinese brand. But either way t our gov't gets the tarrif money.
EU had no choice but to follow whatever their US master tells them to do. Everyone knows the US wants to contain China in every way it can. The US and Canada were the first to put tariffs on Chinese EVs, and now the EU has to follow, like it or not.
They should have given the US the middle finger and tell it to get lost! What the US going to do to the EU? Invade it? The US already has dozens of military bases there so what difference does it make?
Agree. US statesmen/women says "Over Capacity" of EV and Solar Panels to China. We never heard "Over Capacity" about iPhone, Tesla model Y, or Boeing, not to mention Microsoft Windows, Google, Facebook etc.
I think the Canadians are now talking about reversing the tariff on the Chinese EVs
We seem to forget just how big the Chinese home market is - 1.2 billion. This is bigger than Europe and US put together. Now the Chinese economy has developed to the extent it is no longer anywhere near as dependent on Western markets - it can sell their home manufactured products to their own consumers AND those in Asia
One Word - NIO. Unbelievable business model. The future in a nutshell.
Thanks, VW are closing factories in Germany for the first time in their history.
And forever ❗️🤪
@@mv69969amen
Wonderful
EU sanctioned their cheap energy provider then decoupled from their largest supplier now VW will close their first German factory. More to come
Decoupled from VW’s largest customer - China as well! Yeah, very stupid!
the economic conditions in Europe nobody can afford cars this is economic suicide
First time watching your show Sir and no disrespect meant but I want to correct something you said...Tarrifs are not paid by the seller but by the buyer therefore the producer does not have to increase their price. The tarrif is paid by the buyer/importer at your customs authority before goods enter a country.. Therefore tarrifs actually do not impact the seller as they already received the amount they are selling the product for.
They do in a different way, tariffs reduce the demand for the products that they are applied to, therefore in this case the Chinese EV makers will sell less cars into Europe or the US as a result of them being more expensive to the customer in those markets plus the country imposing the tariffs makes a big packet at the same time, or government revenue if you like and that too probably making more than the exporters for doing nothing, but yes at the end of the day it is the customer that pays but the exporter also pays by making less sales volume, they can work but only if the producers in the countries imposing the tariffs are willing to innovate and compete which it seems is not going to happen.
I fully agree with your statement @madeehasaeed786... The problem with the tarrifs some countries and Trump propos is that the seem to forget the it's meant to resurre your local industry through increased prices making importing goods less attractive therefore strengthening your local producers. What I notice is that many products that tarrifs are being imposed on can not be produced locally due to hollowed out production infrastructure. Building up that capacity will require RND and capital injection so how do they plan on making local industries competitive when they don't exist... I would propose building up local industries first, winning back some market share through competitiveness and then applying tarrifs.
So why would China need to retaliate if it is not costing them anything? Stupid!
If only there was a lesson about protectionism and trade blocs from 100 years ago we could look at and learn from
Un auto Xiaomi con 1530 HP acaba de batir el record en la pista de Nürburgrin, Geely comienza a utilizar sus motores de 46% de aprovechamiento de la energía...Europa o USA no tienen oportunidad...
I heard that Mercedes has decided to buy 2.0T engines from Geely for their new CLA series.
Apple gave up with their EV. 😅
Toyota has already announced it is going to use BYD’s chassis for its next EV truck as well as some of BYD’s internal technology as well.
@@grandwonder5858 BYD's hybrid system to be exact. Toyota using others' hybrid, could you imagine that few years ago?
I’m glad found your channel. Liked, commented and subscribed.
As the saying goes... "Karma is a bitch" 😂
It doesn't force them to charge more at all, it means we pay more and the importer has to pay the government on each vehicle It imports from china. So the retailer has to charge us more. These vehicles will still be cheaper but we will as usual pay more tax.🤔🤫
They tested the European market paying higher prices for LNG energy, so they decided it would work the same with higher tariffs for Chinese made EVs. Their consumers will accept their taxing. But they did not anticipate that China to stop buying their other produces and halt investment for them.
The EU doesn't just slapping high tariffs on Chinese EVs, even worse, they are playing the Taiwan card too. China's reaction is predictable.
thanks to uncle sam your puppetmastet.
give all the stolen lands back to the natives
Then Europe would be flooded with ruthless white criminals from the US!😱
Where does the UK fit in here?
We don’t have such a big domestic car industry to protect so we should surely continue to import cheaper Chinese cars to aid our switch to EVs?
So might this be the Brexit dividend? The UK allows in much cheaper Chinese EV - no tariffs - for the benefit of the UK punter. Reduced car prices, reduced car running costs, “net zero” hastened…
Maybe not so good if you’re in the ICE car business though…
The Brits turn out to be the smartest 😮
What car industry does the UK have left to lose?
VW in Germany is closing down😢
EU will never back down as long as the US did not order them to.
Actually tarrif is also a way to impose extra tax to their local citizen, since increasing income tax would sparks uproar. EU is short of cash.
waiting for European car companies to close. Later Chinese companies will buy them
And who gave Vonderying the rught to take decisions for me? I didn't vote for her ever, wtf is happening in this so called ''democracy'' ?
its an oliarchy controlled by the mic
The 1% rich oligarchs in the US voted for her to be in charge of EU! That’s western democracy for ya!
@@user-ki1bk5fi8b MIC, WEF and banksters. The post-capitalist Financial Feodalism of the West, which is bubble of fraud losing badly to the classical investment capitalism of China, which can be called both State capitalism and State socialism, depending on which word you like better.
She did not make the decision, you ****. It was other countries. And why did those countries make that decision? Because they were pressured by their industry leaders. Are you in a position to say what is better for the country? What are your references?
Results of blindly follow master(US) policies.
Fair, unbiased, knowledgeable analysis.
Action and reaction are equal and opposite. To every action there is an equal and opposite reaction. Politicians never think "If I do this what will happen". They think for votes and handclaps.
DO not unto others What you not want done unto thee. The EU (URSULA) dont get it.
Thankyou for the video ❤
Tit for tat. Von der Leyen is just a lightweight.
Well,.I dont know really the dynamics behind the matter,but the sick passion of this man is really scary. Relax you,id...
Mercedes bought in with Dongfeng to sell the Nammi Box. Today we sat in it and bought it . . . . . probably the last in the Netherlands.
Brilliant video❤
tariffs never benefit the people only benefit politicians
What a dumb comment. The politicians who made this decision were pressured into this because their industry representatives urged them.
Meneer alles is tijdelijk, ook voor de Eu 😮
Play stupid get stupid !
Free trade and competition benefit consumers in free market ! So, I will put consumers first!
Until the economy goes into a recession and people lose their jobs.
how stupid are they you put tarrifs on them what you think there going to do to you Your going to be worse off and also your harming your own people and making them suffer just because you want play games
ring around the rosy ring around the rosy......
Subsidize, which country is not doing it ? The US, the EU ? But some the west using the word very freely like they are not doing it . $@#%
Germany is "Kaput". Germany is going to have big layoffs. BRIKS is the future.
It's BRICS and C stands for China. You can't have BRICS without China
UK doesn't have a car industry. Why is that?
Good point.
It is patently untrue that there is Zero import duty on cars imported into China.
The duty rate is between 25% to 47% , with VAT added on top of that.
Untrue. You are not comparing apples with apples. China has no tariffs on imported EVs, your quoted Chinese tariffs only apply to ICE imports. After all, China has penalties on purchases on even domestically produced ICE vehicles. In comparison, EU is slapping tariffs on Chinese EV imports.
Sir the businesses importing the goods are paying the tariffs.
And he's going to pass it on to the buyer.
He sure ain't going discount that cost.😂😂
Well! Britain isn't part of EU, huge opportunity to bridge that gap.
how about we build new factories, employ UK labour, import Chinese EV components, assemble them and sell the finished EVs to Europe nice and cheap?
We need EVs so cheap that people are prepared to be slightly inconvenienced.
There’s really no inconvenience to having an EV. I used to think there was - till I got an EV.
@@andrewsarchus4238 I have an EV and it works great for me. But to say it works for everyone is silly. Few charging stations, especially inconvenient to people who rent. Expensive DC charging. Slow charging. Can't drive very far without needing at least a half hour stop-over at a charger. And if that is blocked, you'll have to wait....
It's all about the US arms industry having to have the best guns at all times even if it affects the entire economy. But now has China its own chip manufacturing that will be competitive.
Really, competitive with Taiwan? Competitive with ASML?
She is only following the script issued by Washington.
Pity we can’t moderate this weapons grade stupidity anymore…..
One word: FAIR TRADE
Deze damen blijft een mof die voor de Amerikanen werkt 😮
Dumb comment.
The EU thinks that they can force Chinese companies to invest in building factories and infrastructure in EU if the Chinese wants to "work-around" the tariffs. This in turn will also helps with EU's economy. Don't think many will invest though, with the high costs of energy, materials, labour etc... and in danger of those assets getting seized. It seems EU companies are moving out to China instead. China is playing Weiqi while EU is playing self inflicting games.
I liked and subscribed and shared. Keep moving! ❤
Stalantis will end up being bought up buy a chiness conglomerate in the end. Ive been thinkig this for a couple of years.
Definitely, at least couple of their brands that'll be Chinese owned before the decade is out IMO
Europe has no balls except Ursula, the Cleopatra of Europe 😂
she's more the trojan horse from the US.
@@streetman6661you mean she uses lots of Trojans?
And guess who's paying for Ursula's ideas ? Yes, us, the people.😢 Has nothing to do with ev's or chinese goods. Has everything to do with harvesting, or taking away, money from you.
This is exactly what is wrong with Brussels. Tariffs tariffs.
US master says 'bark', Von Der Lying 'barks'.. 🤷🏽🤷🏽
talking about US? the lord of tariffs and santions
This ridiculous situation to do with European industry is similar to the European political stances in relation to Ukraine and the Middle East. The difference is that with the industry we are not witnessing the unimaginable suffering coming from the radicalisation of the ukrainians and the despise of the Russians, or the genocide Palestinian, Lebanese or other Arabs.
Large families in the west are moving to Russia...
Good. Bye bye.
Eu’s politicians and policy advisors need to go to/study India and China to learn proper and sustainable geopolitical/economic policy making which benefits them. Incompetence wont get you far in front of ruthless tigers from these countries. If australia can do it, eu can as well.
endia? learn how to breed men with 56 tits
It was bound to happen.
It's a shame for EV adoption in Europe, if China go through with is some legacy car makers will collapse and that's going to push back affordable EU built EVs even further. The few that survive are going to struggle as almost all the batteries in the world are made in China too. Also and this is worth thinking about, should you buy a Chinese EV now? Will you be able to get parts and service support going forward? My next EV was going to be an MG5, I'm putting that purchase on hold now until we see what happens. At least the UK hasent got involved in this so far but with Starmer trying to make friends in Europe after the Tory wilderness years, let's see how long that lasts.
Compare the moving parts in a Combution Engine to EV Engine.
@@hpaul2864 EV motors can definitely wear out too, just ask anyone who had to replace shaft bearings in a ZOE or i3.
Usually takes a couple hundred thousand km to happen, but then again most ICE are toast by then too.
UK is trying to fix the relationship with China now.
After Tariffs go crazy, and they will, it will force nations to sit at the table and come up with actual agreements for trade that hopefully stay binding. There is a lot of tricky business going on with the price of items because the same item can come from many places in a global market.
A lot of totally incorrect information in this channel.
“The Americans never sold many cars in China.”
WHAT ? GM in 2017, including their various joint ventures, sold over FOUR MILLION cars in China, and China was a huge profit centre for Ford which sold over EIGHT HUNDRED THOUSAND CARS there in 2016 alone. (But since then, the decline for ICE cars has been precipitate, and sales from Ford last year was barely a quarter of what they were at their peak). (Ford has now gone into partnership with a Chinese EV company to build a mega factory for EV’s in China with a view to leveraging Chinese EV tech and manufacturing prowess and exporting to the rest of the world).
“China is subsidizing their EV industries a huge amount” : again WRONG. Subsidies for individual cars have been removed.
Previously, the majority of subsidies were not for each car manufactured or sold, but mainly with free or cheap land to set up factories, preferential low interest loans, tax exemptions, setting up of supply chains and infrastructure by the government next to the car factories etc etc in order to facilitate the establishment and growth of EV companies. There was a subsidy of something over US$1,000 per car but that has now been discontinued as the industry is mature. (This $1,000+ in no way accounts for the price advantage of Chinese EV’s as these are manufactured in China at about one quarter the cost that they are able to produce them for in Europe or the U.S. ; this is due to advantages in supply chains, infrastructure, and degree of automation).
Ford’s joint venture is to build a factory in China, and NOT to build a factory with the Chinese partner in the U.S., so this should not be affected as of now.
So I would not take any information from this channel without extensive fact-checking as the guy is either terribly out of date or just plain wrong.
Truth of the matter is that the US subsidizes its corporations way more than China does because the US subsidizes its corporations year after year after year with no end in sight! Versus China who only does it to get its companies started in an industry. But as usual it is always the US’s scheme to accuse its competitor of what it does!
Thanking you
Most unfortunate for the consumer. The decisions of those in charge of the country are gravely affecting the working man with devastational irreparable consequences.
😱😱😱😂😂😂❤️❤️❤️WOW GOD BLESS CHINA
I wonder if UK will follow suit and adopt the tariffs, or whether we'll take the opportunity to exercise our supposed independence from the EU?
Not knowing which side of the bread is buttered😂😂😂
Australia did that to China and they tariff the beef and wine and coal lmao
And lobster, barley, timber. It is because mad Morrison. Thanks god, OZ kicked him out.
Nobody will sacrifice their own industry or its own economy.
Leapmotors International is a new joint venture company registered in Amsterdam and is a completely separate company to Zhejiang Leapmotor Technology Co which is the Chinese registered company for Leapmotors China.
Personally speaking, I'll never own an EV. I'll give up my driving license if I have to.
Oh, wise people say things like "I'll never...".
Well good. Just continue keeping it to yourself. I have been driving an EV car, I just love it.
@@felippeng7415 I have nothing against EV's per se, I do think they fit well for a lot of people, but they don't in my own circumstances.
far from the topic, related to subsidies, I remember how a company selling dried fish and fruit could become the multinational electronics company "Samsung"
Please comment on the elephant in the room. The UK is not a member of the E U. Are we ideally placed to welcome multiple Chinese car companies into the country or not?I guess too early for Labour to say yet?
We always knew the EU was always a protectionist organisation anyway.
We were flooded with news on the WTO a couple of decades ago and now it's vanished?! What's the problem? It was supposed to solve these trade problems. Wasn't it?!
All goods imported into China are subject to the nation’s value-added tax (VAT) of either 13 percent or 17 percent. The 13 percent tax is available for certain goods that fall mainly within the categories of agricultural and utility items, while the 17 percent tax applies to other goods subject to the VAT tax.