EU to Impose Addition Tariffs on China EV Imports
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- Опубліковано 11 чер 2024
- The European Union will levy additional tariffs of as much as 38.1% on electric vehicles shipped from China as of next month, with individual duties of 17.4% on BYD and 20% on Geely. Rebecca Choong-Wilkins reports on Bloomberg Television.
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China increase tariffs on EU dairy products.
And China is planning to stop imports of Airbus from Europe, that'll hurt.
It is funny that not everyone knows about AMS77H
Western idea of market economy is questionable
Chinese idea of innovation is questionable
@@Openminder321 how?
@@Openminder321 How？
@@Openminder321？
@@Openminder321 then why so scared of competing with non-innovative products? Let the market choose
Thanks for sharing PEPE and AMS77H. 💯
Germans didn't want this, but the French did. Target Airbus, LVMH, Hermes etc.
That's the trade war attitude
And they will. EU is just committing economic suicide, and this is not the very first time they have done this.
No. The EU already filed a WTO complaint against China's illegal EV policies back in 2018. This is a follow-up to that and the EU initiated the investigation ex-officio without any complaint from industry.
@@tooltalk 2018? China's EV industry didn't even blossom yet. Link the WTO complaint if you can. But I'm guessing you're just quoting stuff out of thin air.
@@hermesliteratus882因为你们欧盟的领导是美国女士
5 stages of grief: denial, anger, bargaining,depression,acceptance. Overcapacity and subsidies are in the "denial" phase. Because how can the noble and allmighty europeans admit that they lost due to lacking of techincal competence. now with the tariff, EU officially enters 2nd stage anger. Then if the tariff still doesn work, bargaining will come.
the sooner you stop denying that fact that there is de-coupling going on, the sooner you would come to accept the reality.
@@tooltalkyep, decoupe. One moving into 21st centruries along with other developing nation. The West will dwell on their glory pass and seeing the civilization decay, but cant do nothing about it.
Chinese EV's really are better built and they're less expensive. That's why there's 100% tariff on them.
Fake news. Made by new age slaves that work 996 for nothing
Better built and Chinese in the same sentence. 😂😂😂😂
@@Just_another_Euro_dude welcome to 2024 bro
@@GIN.356.A Welcome to reality bro. I bought Chinese earphones. The instructions had a bad English grammar (incredibly bad and wrong) and the left earphone stopped working after half a year. If you think any European would love to buy a Chinese CAR you must be living not in 2024 but in some paralel reality bro.
@@Just_another_Euro_dude Europeans do love to buy chinese cars tho lol as you can see from the success of BYD and NIO.
Point is, if you cheap out and buy and no brand chinese earphones, you get what you pay. If you buy earphones from a quality chinese brand, you get qualify, it's simple
Just except the fact that eu cannot compete Chinese ev and supply chain why bother with all this nonsense 😅
Can anyone explain AMS77H?
I am counting on AMS. It will be on the TOP 5
this is a life changing project
my portfolio: BTC, ETH and AMS
What do you think sets AMS apart from other projects? It seems to be dominating discussions lately
undervalued project
Electric vehicles produced by Volkswagen, BMW, Mercedes Benz, and Audi also enjoy subsidies in China and utilize China's supply chain and technology to reduce costs. If tariffs are imposed on cars produced in China, will these European brand cars also be subject to tariffs? If not, it is pure trade protectionism and discrimination
It could be protectionsm and discrimination, BMW, Mecerdes Benz and Audi build in the U S and then ship to EU, Including Germany.
Sure, all the Europe EV makers were forced use Chinese batteries since 2016.
@@tooltalk In order for the European EV makers to get subsidized from the Chinese government.
@@themiddlekingdom9121 Not only for subsidies, but also to get permit to make EVs in China:
Power Play: How China-Owned Volvo Avoids Beijing’s Battery Rules Car maker is allowed to use high-end foreign technology, while rivals are squeezed into buying local, Trefor Moss, May 17, 2018, WSJ:
... China requires auto makers to use batteries from one of its approved suppliers if they want to be cleared to mass-produce electric cars and plug-in hybrids and to qualify for subsidies. These suppliers are all Chinese, so such global leaders as South Korea’s LG Chem Ltd and Japan’s Panasonic Corp. are excluded.
@@themiddlekingdom9121 (continued)
...Foreign batteries aren’t officially banned in China, but auto executives say that since 2016 they have been warned by government officials that they must use Chinese batteries in their China-built cars, or face repercussions. That has forced them to spend millions of dollars to redesign cars to work with inferior Chinese batteries, they say.
...“We want to comply, and we have to comply,” said one executive with a foreign car maker. “There’s no other option.”
The question is "does Tesla also get the similar tariffs?", If not, this is totally unfair to Chinese EV manufactures.
Who knows & who really cares no one is buy that.
Tesla gets the tariffs if the car is manufactured in China.
Yes Tesla will get the same tariffs.
Well-done Europe. Good luck buying expensive EVs from local manufacturers.
No worries. In pre-2020, the Chinese gov't forced all foreig EV OEMs to buy local Chinese batteries 25% more expensive than foreign in China. There would be no CATL or BYD without gov't protectionism. Europe is learning fast from China.
@@tooltalk CATL being CATl because they have the ball to take on others dont. Like propulsion battery for entry level EV. At the time before 2020. Panasonic adn LG chem only offer their propulsion battery at very high price but low yield. It is CATl changing the land scape.
And when BYD come up with E6, a relative cheap long ramger EV. The European are building garbage like the i3 and the Japanese is think Leaf is ahead of its time.
@@tooltalkyou are stupid. Europeans will use govt subsidies for their own bonus and never on EVs. they do not learn. genetically flawed. same as your no brain comment.
@@user-jh6vt8vx4v No worries. CATL founded in 2011 had zero chance against foreigners and they are still behind in most battery makers -- CATL's strength is in price and mass-production, not quality or technology.
@@tooltalk that is not true. u can just fake new and just lei. wtf ppl
Common Europe you are better than America, don't stoop to their level.
The EU OEMs were the main victims of the Chinese gov't economic coercion to push local battery industry. I'm not surprised that the EU is working on Anti-Coercion Instrument to deal with China's future abuses.
How is EU able to do that when China invested heavily in Europe’s growth?
EU prefer investment from USA and India?
EU is just committing economic suicide, and this is not the very first time they have done this.
@@BabaYaga826 Majority of EU's investment is Chinese.
@@UltimatePokeGamer7 So EU must be very stupid to chase away all those Chinese investor.
Yay we can pay 70k instead of 15k for EVs, thanks government
The Chinese say electric vehicles are like moving surveillance cameras.
This will, of course, lead to tit-for-tat tariffs. The EU is also an export dependent economy and China is one of their largest clients.
If you cant compete, you dont need to work hard , just use tariff. We should teach our next generation this?
Bingo！that can “make EU great again”
Interesting that it's by the company. The more successful, the more punishment lol.
40% is nothing to chinese EV manufacturers.
they will conciore EU market. no doubt about it
👎👎👎
Tesla has the lion’s share of the market and isn’t cheap, but no one mentions it.
Europeans just love being ripped off by Tesla.
So much for green technology and free market. All BS. When you cannot compete you change the rules
It’s interesting that Chinese EV has only 2% market share in Europe and tariff by brand is even more bias.
It is even more interesting that the biggest auto makers such as BMW and Benze have no complaint to Chinese EV and they spoke against the tariff. XD
The interviewee kept emphasizing the major blow to the Chinese economy from the 20% tariff. It's so funny how smug she is. 😀😀
What do you think sets AMS77H apart from other projects? It seems to be dominating discussions lately
Importing Evs is the worst environmental choice you could make when choosing your next car. Especially if it’s from China.
Why everyone is talking about AMS77H?
Just try to scam people
Tesla made in China,mostly delivery to EU,so tariff?
The MY made locally, M3 importe from China. Tesla Berlin has enough capacity to satisfy all local demand there.
Telsa can just build another factory in the EU then...
No one wants anything from china at this point. Low quality products.
@@tooltalkthat assume the factory is actually running. Lol
@@user-jh6vt8vx4v it didn't have to before, now it does.
Just watched your video discussing AMS77H and I am very excited about this
AMS77H is still extremely undervalued
Coinbase, OKX and Binance will list AMS77H very soon. We do not have much time left
Bought AMS77H at 1$, I will keep it until 2025 when it reach 250$
It is very hard to see project which can be used in real life like AMS77H 🥳🥳🥳
20% tariff is nothing, especially with BYD, its biggest manufacturer, Chinese EV are 40 - 70 % cheaper than European EVs produced, Chinese EVs are laughing all the way to the bank. Behind the doors, they are throwing birthday parties
I am sure that AMS77H will go 100x just like you said
The correspondent can’t pronounce a European country’s name, Hungary is a shame
There are so many opportunity now but I think AMS77H is the best option
My investment portfolios are Bitcoin, ETH and AMS77H
Those are not high traff
The future of Chinese 🇨🇳 electric cars in Europe is uncertain due to *overcapacity,* a kind word for dumping.
Most Chinese cars "exported" to Europe are still *parking at European ports without a buyer,* turning the ports into huge long-term parking lots, a similar scene to the Bike Share program in China.
The new car registration is only around 50% of new car registration. Lot less in most West countries. The overcapacity is inter nonsense. And dumping is retartation at maximunm. How can you call dumping when you are selling 2x to3x
Domestic cost. The logistic dont cost much. The math just doesnt added up for the allegation of dumping.
@@user-jh6vt8vx4v It's not the percentage of the export goods that count. It's the Chinese regime's *predatory trading behavior* that causes pushback from other countries.
@@AhmetTekin101so the West is not predetory? Begain with smear compain or local competetitor, dumping product target market. Hiring organize crime to interupt local competetors daily bussiness. And bribing local army to coupe when the goverment push back. Dont tell me any of these practice is false. It is well known secret. Compare to what the western counter part is doing. The accusasion from EU appears to me more civilized, let along the accusasion is actually factless. There are leak coming out that the EU investigation is poking their nose into propritory technicaly information, which has nothing to do with goverment subside. It seems the EU just dont get it. Well, it will be nice the administration in China can learn a lesson or 2 from the Brit that use bomb and gun power to do some deplomatic heavily lifting.
@@AhmetTekin101 How is the free market not free at this point?
@@haosir2020 What free market? Who told you?
Chinese 🇨🇳 electric cars are *heavily subsidized* by many levels of Chinese government. Some people bought them, threw them away without driving, and still made profits.
- That's why there are millions of new cars abandoned by owners across the country.
And this is not an exaggeration.
robot
Robot
US and EU automakers are much heavily subsidized by their government (e.g. Inflation Reduction Act) and still can't compete with China EV. Most importantly, China government is already no subsidy to EV since 2022.
talking about subsidized.. it will be foolish to judge by closing one eye.. do u think tesla does not get subsidiaries from gov? here in japan, we also get hard subsidiaries from gov if we change to EV.. from gov, prefectural, city and the brand it self
lol. China added a 218.4% tariff on Australian wines during covid. 38% is way too low.
Lets look ahead why it get slap a 218 tariff. The assuis was fxxking around. And they find out.
Do you know what Australia Prime Minister Morrison did to China before China imposing tariff in Aussie wine?
There's a lot of lies in this video as always by European commentators.
Xi should come to Europe 🇪🇺 to beg for forgiveness and leniency.
🤣👉🏻🤡
Imagine all the spyware loaded in Chinese cars... no thanks!
But Apple OS having AI with an open mic is fine right.
You should hear what Snowden and Assange have to say about this topic.
Calm down you aren't that important.
Come on, do you think China cares about you? Even your own Country don't care about you.
china panda also is a spy.. stop importing it! lol
BOYCOTT also p&g lu Unilever Pepsi
That’s cool
Very Good Job by EU 👍