Are the US tariffs on Chinese goods a misguided move?

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  • Опубліковано 16 тра 2024
  • CGTN Europe spoke to Jack Perry, Chair, The 48 Club

КОМЕНТАРІ • 45

  • @cosmoray9750
    @cosmoray9750 22 дні тому +23

    US don't want people to use EV especially. Why ?
    If everyone started to drive EV , who is going to purchase Oil ?
    EV will tank the petrol-dollar.......get it.

  • @teatree6228
    @teatree6228 22 дні тому +15

    They target medical gloves needles syringes/ all needed by the poor

  • @DanBurgaud
    @DanBurgaud 22 дні тому +13

    Impose the same tariffs on American car brands regardless where it is made

    • @mephisto2812
      @mephisto2812 16 днів тому +1

      I am sure you already heard the news but ill just add it here so the new viewers will understand right away. China did place 25% Tariffs on american goods and ev's which will make it hard for other car companies to make money from Chinese. I heard sooner most of Asean countries will do the same but a lot higher until US economy shuts down.

  • @philipwong895
    @philipwong895 22 дні тому +6

    When the US buyer imports goods subject to tariffs from China, they pay the tariff to the US government. This cost and any markup are 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; the importer in the US bears that responsibility.
    China does not suffer the consequences of tariffs. The US consumers 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, but this 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 just as strongly in response to any new tariffs.

    • @jefferyyounce5372
      @jefferyyounce5372 22 дні тому

      Good! Americans need a Nanny state to get them off the CCP cheap pacifier while ranting how patriotic and Gawd' fearin' they are.

  • @user-zi2rg3qh3i
    @user-zi2rg3qh3i 21 день тому +4

    These tariffs are meant to the US people to pay more and higher taxes😂😂😂😂😂😂😂😂😂theyre own government is killing them softly😂😂😂😂😂😂😂😂

  • @colinchia5318
    @colinchia5318 22 дні тому +7

    Old man is expired

  • @kennySg101
    @kennySg101 22 дні тому +5

    US election move !

  • @fredleung1517
    @fredleung1517 21 день тому

    Only the normal consumers suffer higher prices.

  • @williamchen2145
    @williamchen2145 21 день тому +1

    crazy inflation, sky high interest rates, rising unemployment, regular people cant afford stuff anymore in the US and boom even higher prices for middle class people...😂

  • @hylimm
    @hylimm 18 днів тому

    It’s ok! Just site tight n see how the US destroy themselves. Maybe you should raise export tax on all goods heading for the US. This will hurt the Chinese but w send their inflation Sky high!

  • @mavberil.2059
    @mavberil.2059 19 днів тому

    A conflict of interest and a moral hazard should be gleaned from the 48 club commentator Jack Perry or ignorance by the journalist on tariffs.

  • @Germany._.Kit77
    @Germany._.Kit77 22 дні тому

    Each country needs t protect their market 😢, is not an attack, bricks is an attack on globalization 😢

    • @dranzacspartan8002
      @dranzacspartan8002 22 дні тому +7

      Ha ha ha. I can't believe you believe that. Incredible.

    • @YSKWatch
      @YSKWatch 22 дні тому +6

      ​@@dranzacspartan8002sign of failed education.

    • @frankdefranco9436
      @frankdefranco9436 21 день тому +4

      What about free trade?? Liberal economic order?? When a country can't innovate anymore they shouldn't resort to tariffs on foreign products right away, that's suicide.

    • @evilleader1991
      @evilleader1991 20 днів тому +3

      US and Western countries preached about free market for decades, especially when they had the technological advantage. Now you see China ahead in some sectors and the west cant really compete so they go full protectionism mode 😃