China vows severe retaliation after Biden imposes huge tariffs on EVs & batteries

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  • Опубліковано 30 жов 2024

КОМЕНТАРІ • 1,4 тис.

  • @ChrisR-xs9wp
    @ChrisR-xs9wp 5 місяців тому +154

    Purely political. You can't "tariff" your way to efficiency. Will legacy automakers use this as an opportunity to catch up? Don't count on it.

    • @etow8034
      @etow8034 5 місяців тому

      More like they can't tariff their way into higher IQ ! The average American IQ is in decline from 100 to 92 and the leaders Americans elect proves that point ! ...LoL

    • @styx1272
      @styx1272 5 місяців тому

      The USA is politically economically and socially disintegrating . Having the dollar as worlds printing press is the only thing from preventing society from collapsing.

    • @hwirtwirt4500
      @hwirtwirt4500 5 місяців тому +1

      Meanwhile: Putin Thanks China for Having His Back During Ukraine War. The Tesla/China Viking approves.

    • @MetaView7
      @MetaView7 5 місяців тому +12

      @@hwirtwirt4500 they have a non-interference policy. They don't care. They focus on trade, and that's it.

    • @oxaile4021
      @oxaile4021 5 місяців тому

      They will use this as an opportunity to sell ICE vehicles for few years longer before going bankrupt.

  • @TheKnutselaar
    @TheKnutselaar 5 місяців тому +89

    These ev taxes are not to protect tesla/ev manufacturing, they are to protect legacy ice/hybrid.

    • @tedmoss
      @tedmoss 5 місяців тому +1

      Look to the future, not the past. Its all manufacturing, not just cars. There is a big market outside the U.S., but no money to buy.

    • @cool2180
      @cool2180 5 місяців тому +3

      protecting...lol. protecting crappy cars lol

    • @etow8034
      @etow8034 5 місяців тому +3

      @@cool2180 Expensive crappy cars !

    • @cool2180
      @cool2180 5 місяців тому

      @@etow8034 🤣🤣🤣🤣🤣

    • @funkibudentertainment3689
      @funkibudentertainment3689 5 місяців тому

      Legacy ice cars provide a lot of jobs in USA. You wish the Chinese to benefit against the USA? What happened to Nokia and Ericsson should not happen to the USA auto industry

  • @buixote
    @buixote 5 місяців тому +199

    Our so-called leaders thought "free trade" was great when they were shipping our jobs overseas. Now when it comes to protecting Legacy Auto who have been too slow to move to EVs, Uncle Sam Swings into Action, raising prices for consumers.

    • @thyristo
      @thyristo 5 місяців тому

      How come Republicans are for that, too? - since they always rile against big government.

    • @JustxLiving909
      @JustxLiving909 5 місяців тому

      It’s funny when you think about it the tariffs are really taxing the Americans not the Chinese

    • @donblythe3766
      @donblythe3766 5 місяців тому +2

      Better late than never

    • @nfzeta128
      @nfzeta128 5 місяців тому +13

      @@donblythe3766 This won't change anything though. The legacy makers will still drag their feet.

    • @nfzeta128
      @nfzeta128 5 місяців тому +4

      The thing about it. Shipping the jobs overseas to save on costs is exactly what lead to this. There was hardly any investment in R&D because it's not as cost effective.

  • @TheMighty_T
    @TheMighty_T 5 місяців тому +147

    It's a problem decades in the making. China "opened up" to western companies, allowing record profits while weakening domestic economic resilience in those western countries. Global consumers got cheaper stuff, which we all like. All that was fine while we all got along, but now the gloves are coming off, everyone freaks out and it will be economically messy. War sucks.

    • @JoeyBlogs007
      @JoeyBlogs007 5 місяців тому +1

      ? This is why the west should never do business with the China, the slave labour hub. Their language is that of a combative totalitarian dictatorship, ready to wage war on the west.

    • @michaelnurse9089
      @michaelnurse9089 5 місяців тому

      The thing is China always saw trade with the US as part of a forever war against the West. The subsidize as much as they can while they steal as much technology as they can.

    • @DK-ev9dg
      @DK-ev9dg 5 місяців тому

      USA never gets along with China

    • @bikashji122
      @bikashji122 5 місяців тому +16

      I think it's good step..... how china is behaving in South China sea is very concerning only foolish will depend on china.

    • @JohnSchuetz-js7lk
      @JohnSchuetz-js7lk 5 місяців тому +16

      Should have been done 40 years ago. Should never have gotten to where its all at today.

  • @hunati31
    @hunati31 5 місяців тому +97

    This is not tariffs on China, this is taxation of American consumers....

    • @MauriceOldis
      @MauriceOldis 5 місяців тому +7

      except Americans dont "consume" Chinese cars!!!

    • @starman275
      @starman275 5 місяців тому +11

      @@MauriceOldis you used chinese parts in your cars, you dont need to buy chiense products to buy chinese things, even your US made has chinese parts

    • @JaceTran
      @JaceTran 5 місяців тому +10

      @@MauriceOldisEvs are different today! Chinese EVs are good enough for Biden to be scared.

    • @jennylee685
      @jennylee685 5 місяців тому +4

      @@JaceTranBiden offers US consumers $ 5,000 rebates on U.S. owned cars that have no Chinese made components or parts in it at all.

    • @TeeDee-j9u
      @TeeDee-j9u 5 місяців тому

      ​@@jennylee685isn't 7000

  • @syletie
    @syletie 5 місяців тому +30

    This is just like U.S.-Japan Semiconductor Trade war in 1986. After few years later , the market been reopened, and then 99% of US DRAM makers are went to bankrupted.

    • @tooltalk
      @tooltalk 5 місяців тому +2

      Their DRAM, display businesses went to South Korea wheras their logic business went to Taiwan.

  • @glasperlinspiel
    @glasperlinspiel 5 місяців тому +94

    Follow the money. This only benefits petro-corporations and ICE.

    • @mikewallace8087
      @mikewallace8087 5 місяців тому

      Paint the path or zip it.

    • @huckleberryfinn6578
      @huckleberryfinn6578 5 місяців тому +3

      Not only. This will only benefit American EV, battery, mining and refinery companies as well.

    • @justinr9753
      @justinr9753 5 місяців тому +3

      Joe needs the auto manufacturing on his side, that's all.

    • @tedmoss
      @tedmoss 5 місяців тому

      @@huckleberryfinn6578 There is very little benefit to go around.

    • @NiejakiDD
      @NiejakiDD 5 місяців тому

      I agree partially. This move is aimed to help sinking, heavily indebted Ford and GM , and to slow down progress of Tesla. But it will effective only on NAFTA market.
      However, this won't slow down China. In contrary - the Chinese producers will conquer global market more easily.

  • @nerdbikes3841
    @nerdbikes3841 5 місяців тому +11

    American cars in general are about to get much more expensive. GM, Ford- everyone will jack up prices knowing that the Chinese are locked out. We’ve been through this same thing before numerous times… back in the 1980’s the tariffs were against Japan as Toyota and other carmakers started coming over to the US in a big way.. these tariffs only cause prices to go up up up on ALL cars, not just increase battery prices.

  • @dt12155
    @dt12155 5 місяців тому +117

    Sam, give us the evidence that China is selling below the cost. You can do this in a promotion in a country for a short period of time but you can’t do it for years and years in the whole world.
    Take for example a toaster, it used to cost an arm and a leg and after we got them from China it cost around $10! Same with clothes even many of the clothes now are not from China. Do you mean that Bangladeshi, Vietnam, India etc are selling below cost also? Please do a detailed cost analysis and provide the details. I always question myself how a toaster can be made that cheap considering all the metals, plastic, rubber, paper, ink etc have to be dug, extracted, produced, transported, processed, made in parts, transported again, assembled, packed, warehoused, more transported, more warehoused etc and then all the overhead and profit from all ends. The world has been selling toasters at this cheap price since China started to make toasters and nobody talks about selling below cost and overcapacity! I am still wondering and asking!?!
    Can China subsidising the whole world for toasters? For irons? For kettles? For electric appliances? For electronics? For toys? Etc. All businesses have to make a profit and China has to make a profit to stay in business.
    I am still wondering and asking. So please show me the facts and figures on production costs and not just statistics and deductions. I really want to know. Thank you.

    • @verypleasantguy
      @verypleasantguy 5 місяців тому

      _"*Sam, give us the evidence that China is selling below the cost*"_
      That fella is a hard core anti-Chinese.
      He got caught accusing China for things that China never did, *_many times_* , but he just doesn't care, and is still doing it !

    • @Truthstelling
      @Truthstelling 5 місяців тому +24

      He Just blah blah blah sometimes😂😂

    • @directxxxx71
      @directxxxx71 5 місяців тому +26

      Sometimes the little BBC/Sky News fed 🤡 inside of him just comes out once in a while 😂😂😂

    • @hwirtwirt4500
      @hwirtwirt4500 5 місяців тому

      Sam is a Tesla shill and Tesla uses Chinese manufactured batteries. Sam's just doing his part for Musk.

    • @Ilus01
      @Ilus01 5 місяців тому +27

      In his mind only the west are entitled to play by their books which they wrote them but the Chinese can’t write it’s own books and play by it. Sadly it’s the mentality of majority of westerners until they figured out their own books(wto/free trade) sucks.

  • @basque888
    @basque888 5 місяців тому +16

    BYD already started building factories in Bahia, Brazil. If any cars go to the US in future, it'll be from Brazil and not from China. Similar to what Tesla Shanghai does for Asia market.

    • @huckleberryfinn6578
      @huckleberryfinn6578 5 місяців тому

      Then the US will put tariffs on all Chinese companies, even if they are manufacturing abroad.

    • @basque888
      @basque888 5 місяців тому

      China already prepared for this with BRI projects. They have a new cargo Megaport open this year in Chancay, Peru which will later link directly to Brazil. It means China to Brazil no longer has to pass thru the Panama Canal, cutting the journey time by two weeks.

    • @basque888
      @basque888 5 місяців тому +1

      ​@@huckleberryfinn6578 Then it's not tariffs. Tariffs are put on products not companies. They can of course ban the company, similar to Huawei, but that would be a different thing altogether. Tariffs on a Brazilian manufactured BYD product is an issue between Brazil and the United States government.
      Similarly a Toyota Yaris manufactured in Spain, entering the US is based on trade terms between the EU and United States, and does not concern Japan.

    • @larryc1616
      @larryc1616 5 місяців тому

      China plans far into the future unlike the US short sighted, short gains. China plays chess while US plays checkers. Same reason TSMC is #1 while Intel continues to slowly die a #3.

    • @hwirtwirt4500
      @hwirtwirt4500 5 місяців тому

      @@basque888 Products containing parts manufactured in China. Game over.

  • @maynotbe
    @maynotbe 5 місяців тому +169

    i think China should start with banning iphones, Starbucks, McDonald's, Ford, soybeans, corn, j&j, proctor & gamble, then we'll see what happens😅

    • @InformedKiwi
      @InformedKiwi 5 місяців тому +15

      You could get your wish. See all those stocks plummet

    • @JoeyBlogs007
      @JoeyBlogs007 5 місяців тому +13

      Sounds good. They can use cruddy Chinese designs instead.

    • @G41251
      @G41251 5 місяців тому

      Globalism is OVER. Soon the majority of the trade for America will be with Canada and Mexico. The cost of shipping on cargo ships is going to skyrocket. The America’s have an abundance of natural resources and trained labor pools.

    • @boembo6627
      @boembo6627 5 місяців тому +7

      Poor old China, how will they cope! Ffs

    • @IamHandsome4u
      @IamHandsome4u 5 місяців тому

      Remember Buick, its literally surviving bcs of china, 80% of buicks are sold in china.

  • @ciybersal3499
    @ciybersal3499 5 місяців тому +134

    The two parties in America are both atrocious for Americans

    • @donblythe3766
      @donblythe3766 5 місяців тому

      I'll take two parties any day over the one party communist dictatorships that exists in China and Russia. Zero individual freedom is the Chinese way of life

    • @chaoskid1211
      @chaoskid1211 5 місяців тому

      Oh yeah, and there is more than two parties, commie.

    • @j.kimmer1509
      @j.kimmer1509 5 місяців тому

      No MORONS who vote for Commies/Socialist/Muslims for Government office are atrocious to America. Get your intelligence on track.

    • @verypleasantguy
      @verypleasantguy 5 місяців тому

      If what you say is true, why then the Americans still continue to support them ?
      Are the Americans all infected with the *_Stockholm syndrome_*_ ??_

    • @JoeyBlogs007
      @JoeyBlogs007 5 місяців тому +1

      No they are smart. This is why the west should never do business with the China, the slave labour hub. Their language is that of a combative totalitarian dictatorship, ready to wage war on the west.

  • @thomassimmer5186
    @thomassimmer5186 5 місяців тому +57

    The tariffs will not help US industry. Besides losing the win-win consequence of international trade through comparative advantage, besides the increase in price of non-imported goods which were already being made in the country, there is the effect on behavior when industries no longer have to be as efficient. Like the tariffs that brought on the great depression, these will harm economic activity.

    • @ObiePaddles
      @ObiePaddles 5 місяців тому +5

      Tarifs always economically hurt both countries. There are good reasons for tariffs like security, but economics is not one of them.

    • @TeeDee-j9u
      @TeeDee-j9u 5 місяців тому

      Wrong, the tarrifs are because of the of the unfair practices on trading, period. Teslas suck shit perios.

    • @ZakiHaider-y9o
      @ZakiHaider-y9o 5 місяців тому

      Tariff is admittance that usa lost to china

    • @hardy2175
      @hardy2175 5 місяців тому

      You assume that China plays by the rules.

    • @ObiePaddles
      @ObiePaddles 5 місяців тому

      @@hardy2175 both US and China subsidise their industry to some extent so getting a level playing field is something that I’m glad I don’t have to work on creating

  • @chassdesk
    @chassdesk 5 місяців тому +16

    40% cheaper solar in Australia wow nice. ❤

  • @GabrielSBarbaraS
    @GabrielSBarbaraS 5 місяців тому +35

    The only unfair economic practices I am aware of is the inefficiencies of US legacy automakers. It is sad we have let our automotive industry to fail , just like we did with the steel industry back in the 1980's

    • @huckleberryfinn6578
      @huckleberryfinn6578 5 місяців тому +2

      Because of cheap labor in China and SEA. That's obviously about to change with the tariffs.

    • @GabrielSBarbaraS
      @GabrielSBarbaraS 5 місяців тому

      @@huckleberryfinn6578 I am starting to believe, China automakers should raise their prices to come close to American prices and use the extra money to build up dealership and repair shops. That way the US government does not raise tariffs and who know where the money goes.

    • @larryc1616
      @larryc1616 5 місяців тому +2

      Goodbye legacy auto. Blockbuster and Kodak here we come!

    • @hwirtwirt4500
      @hwirtwirt4500 5 місяців тому +2

      China bot attack.

    • @dzonikg
      @dzonikg 5 місяців тому

      ITs funny how USA talks aboud subisides ,just 2 so call BIg 3 (Ford ,GM ,Cruysler ) USA gived 170 BILION $ in 2008-2010 ,just FORD ALONE was making 30 billion $ loss every year .IF USA was for "Free market " that companies would be bankrupt long time ago

  • @PapaPiggie
    @PapaPiggie 5 місяців тому +77

    Tariffs won’t hurt China, they can export to the rest of the world. Tariffs won’t help domestic auto, as they knew this day was coming for a decade. After all us auto has plants in China for a decade or longer. They are intentionally procrastinating to keep making money off ICE cars. Jim Farley admitted it when he said he was scaling back EV because they cost him money.
    Who loses? America consumer pays more after corporations made money selling cheaper Chinese goods for years. I hope this backfires big time . Worker won’t benefit because they will be fired in the end from companies going bankrupt or them out of touch not knowing how to make EVs

    • @jasonlucas2328
      @jasonlucas2328 5 місяців тому +9

      When UPS drivers get $170,000 a year to deliver a package, a unionized autoworker makes $100 an hour, and a fast food worker's wage is $20, how can we expect low-cost manufacturing?

    • @nrakma
      @nrakma 5 місяців тому

      Every Goper loved when Rump imposed Tariffs on China, but not now? Do they now Love China more than America?

    • @satay8167
      @satay8167 5 місяців тому +1

      True. But other countries can follow us to raise tariff on Chinese import especially those us cohorts

    • @taylorc2542
      @taylorc2542 5 місяців тому

      They required joint ventures.

    • @beautifulgirl219
      @beautifulgirl219 5 місяців тому +4

      That's illogical Mr. Jinping. The U.S. is 1/3 of the global market. American domestic auto on a more level playing field has a CHANCE to compete.It does not have a reasonable chance against a subsidized product sold below cost until the industry captures a market which results in domestic production disappearance. Knowing something is coming has no relevance even in the abstract, much less in this specific instance. Also irrelevant to the points discussed is the correct assertion that legacy auto is taking the short term profit option of trying to perpetuate ICE sales, a failed strategy as a long-term strategy. American consumers gain infinitely more with good paying jobs manufacturing the best BEVs on Earth, as TESLA does today. Legacy auto merely has to stop perseverating with a lazy and self-indulgent short-term strategy and they can rival Tesla in every respect, merely by more or less copying the organization from top to bottom, absent the eccentric politics of Tesla's CEO. Let's be objective instead of confused with emotion and disillusionment.

  • @nick0047
    @nick0047 5 місяців тому +3

    Many media services in Australia are doing the same time to swing to honest media outlets! Keep it up Electric Viking!

  • @jasoncummings7052
    @jasoncummings7052 5 місяців тому +149

    Most Americans will NOT be able to afford USA made EV's.

    • @XinaCCPFreeTibet
      @XinaCCPFreeTibet 5 місяців тому +20

      So true, is that why they all drive $70,000 pickup and SUVs? Obviously they can’t afford a Chevy Blazer EV at $40,000. You make such good sense.

    • @randalkingery4281
      @randalkingery4281 5 місяців тому +3

      This is true, I'm hanging on to my 04 Siena and 04 4runner for as long as I can. Would love a Tesla, maybe when the stock goes 10x.

    • @ozzitor8
      @ozzitor8 5 місяців тому +5

      That’s their intention. Once again, they want to kill the electric car.

    • @tooltalk
      @tooltalk 5 місяців тому +11

      hate to disappoint you, but the average cost of EVs in the US is already down from $61K in 2022 to $53K in 2023. And it will continue to get cheaper with/without China.

    • @tooltalk
      @tooltalk 5 місяців тому +1

      LOL oomaoo with fake western name handle..

  • @saleh45251
    @saleh45251 5 місяців тому +3

    A big win for the oil industry + Toyotas of this world! (Temporary though IMO)...

  • @stevenbarrett7648
    @stevenbarrett7648 5 місяців тому +10

    We all wanted the cheaper priced goods, cars, TV’s, everything from washing machines to radio’s so having sowed the wind now we are all reaping the whirlwind and not liking it. Sadly we’ve thrown away our tools and knowledge so its going to be a very hard climb to get back to making stuff for ourselves

    • @bobsmith3983
      @bobsmith3983 5 місяців тому

      The USA won't be able to make the stuff themselves as the knowledge has been shipped overseas to low labor cost countries. You will just end up paying higher prices for the same imported products and the US government will be laughing due to all the revenue it will get from the tariffs which they will spend on weapons for Youkrain making the MIC even more wealthy and the average citizen poorer.

    • @MrSteeDoo
      @MrSteeDoo 4 місяці тому

      Making washing machines is not exactly high-tech.

  • @jimdetry9420
    @jimdetry9420 5 місяців тому +12

    I think the tariffs are to help the US legacy companies (and their unions) compete.

    • @zoransarin5411
      @zoransarin5411 5 місяців тому +1

      Many western automakers make a large percentage of their profit from their operations in China. I believe it is approximately 50% of The VW Groups profits. The potential for retaliation is scaring the Europeans and so they are making noise about tariffs but haven’t done anything as yet. I think we are about to find out the repercussions to the US automakers in China.

    • @longcheng-ug7rr
      @longcheng-ug7rr 5 місяців тому

      Does the United States have China's new energy vehicles?

    • @bobsmith3983
      @bobsmith3983 5 місяців тому

      It won't help as even with the tariffs it's still cheaper to buy from China than to make locally. The end effect is the US consumer will pay more for everything.

    • @jimdetry9420
      @jimdetry9420 5 місяців тому

      @@bobsmith3983 I didn't say it would work but it's obvious everything Biden does is to support union factorties.

  • @chengzhang-dl9yi
    @chengzhang-dl9yi 5 місяців тому +11

    中国出口到美国的商品,很多实际是美国的品牌,中国只是提供加工组装而已,实际中美贸易逆差远没数据那么大。所以美国也没有多少牌可以打

  • @i6power30
    @i6power30 5 місяців тому +33

    We can still get CATL battery Tesla in Canada yay

    • @guyboisvert66
      @guyboisvert66 5 місяців тому

      Hope it'll still be avail in December when i'll change my TM3...

    • @ericyuan9718
      @ericyuan9718 5 місяців тому

      Castreau has sold out the country to China years ago.

    • @arthurkirsch8188
      @arthurkirsch8188 5 місяців тому

      The new 100% tariff includes lithium ion batteries but I didn’t hear anything about lfp batteries. Can that be right.

    • @larryc1616
      @larryc1616 5 місяців тому

      ​@@arthurkirsch8188all ev batteries

    • @larsnystrom6698
      @larsnystrom6698 5 місяців тому

      Aren't they too produced in the US?

  • @desmondho9567
    @desmondho9567 5 місяців тому +17

    The world 🌎🌍🌏 has 8 billions of people.
    U ash has 330,000,000 citizens.
    Europe plus allies has 600,000,000 citizens.
    China is trading with the other 7 billions population around the world. Like in Latin America, Africa Union countries, Middle East countries, Central asia countries and Asian countries. So, what how China overcapacity. ❤❤❤

    • @pviveknair
      @pviveknair 5 місяців тому +1

      Margins are too low in the other 7 billion populations, which will not be enough for future R&D and growth. And right now, China needs high returns on their investments that has been accruing interest. Also, the salaries in China has gone off the roof. It is a perfect storm. The US & Europe does not need to win this trade battle, just need to extend it indefinitely.

    • @JayTse-x7l
      @JayTse-x7l 5 місяців тому

      @@pviveknair as long as China makes money, they don’t care. The ‘west’ will ultimately suffer.

  • @ecarpo3479
    @ecarpo3479 5 місяців тому +19

    The US accelerating it's inevitable decline.

  • @13MAM13
    @13MAM13 5 місяців тому +123

    Even AI cannot make up for the stupidity of Americas leaders

    • @chaoskid1211
      @chaoskid1211 5 місяців тому

      Thumbs up and no reply? Hahahahaahhaha. Come and try to take our guns commie.

    • @verypleasantguy
      @verypleasantguy 5 місяців тому +5

      They Are Not Stupid
      They Have To Obey Their *MASTER* !!!

    • @2funny269
      @2funny269 5 місяців тому

      just one look at the playlists on your channel, explains how and why you hate the USA

    • @francismarion6400
      @francismarion6400 5 місяців тому

      UN leaders run this S### show!

    • @JoeyBlogs007
      @JoeyBlogs007 5 місяців тому +1

      AI would have sent nukes flying ?

  • @chengavitch10
    @chengavitch10 5 місяців тому +3

    Germany exports 70% of its cars. Why you don't call this over-capacity?

  • @hamsterg0d
    @hamsterg0d 5 місяців тому +14

    It is not good for U.S. manufacturing in the long term. It will render it noncompetitive in the international market just like the Jones Act does with the U.S. shipping industry. Learn basic economics.

  • @Wavetheory85
    @Wavetheory85 5 місяців тому +30

    Completely disagree. Wrong for trump to start it. Wrong for Biden to escalate.

    • @Savory678
      @Savory678 5 місяців тому

      Yip just let China take over right?

  • @jamesspent7101
    @jamesspent7101 5 місяців тому +105

    The world will move forward with Chinese EVs while the USA will still be stuck choosing from cyber truck or cyber truck pro.

    • @DAVIDTATLITUG
      @DAVIDTATLITUG 5 місяців тому +5

      We have Hyundai that is making it's own batteries. They are putting Tesla to shame and so is it's sister kia. These are not Chinese cars.

    • @ruskiessuck3337
      @ruskiessuck3337 5 місяців тому

      Not even close. EU will bring in the same tariff rates and CCP will be forced to sell to third world crap countries with no GDP nor economy.

    • @flyinphil42
      @flyinphil42 5 місяців тому +3

      Unfortunately Canada will follow the US too on this , because they are co dependants.

    • @etow8034
      @etow8034 5 місяців тому +2

      ...that nobody can afford ! ...LoL

    • @Justmekpc
      @Justmekpc 5 місяців тому +4

      No they won’t as the EU will also put tariffs on Chinese cars to protect their manufactures as well

  • @davidkwan6522
    @davidkwan6522 5 місяців тому +10

    The reality is the cost base in China is much lower than other countries.

    • @DouglasW-m9z
      @DouglasW-m9z 5 місяців тому +1

      Cost base? More like profit base

    • @bobsmith3983
      @bobsmith3983 5 місяців тому +1

      Plus the supply chain is complete and efficient.

  • @barrellcooper6490
    @barrellcooper6490 5 місяців тому +3

    FWIW worked at 7 different factories in 6 different states from 84 to 2002. As of a couple years ago all had closed. Much of the production moved to Mexico. Thank you NAFTA.

    • @bobsmith3983
      @bobsmith3983 5 місяців тому

      Watch out Mexico the USA is coming for you too.

  • @gregsutton2400
    @gregsutton2400 5 місяців тому +11

    How do you do business with such rabid government decisions.

  • @stockey
    @stockey 5 місяців тому +2

    Stopping the competition with tariffs, is not very smart.

  • @stargazer3828
    @stargazer3828 5 місяців тому +13

    The increased tariffs on Chinese imports will hopefully spur innovation from US companies who want to compete with the Chinese. My fear for the OEM automakers is that a decrease in competition will only make them drag their feet to innovate and just continue with business as usual.

    • @nfzeta128
      @nfzeta128 5 місяців тому +1

      This is the most likely scenario unfortunately. The only innovation they want is hydrogen because it still has the populace dependant on the makers and the oil/gas industry who would most likely manage the hydrogen.

    • @vlhc4642
      @vlhc4642 5 місяців тому +7

      The sole purpose of tariff is so that US auto doesn't have to innovate.
      But it's funnier than that, because thanks to tariff on chips and batteries, now the only way to compete with China internationally is to build the entire car in China. US manufacturing is now DOA.

    • @100c0c
      @100c0c 5 місяців тому

      ​US does not export cars like Japan or EU. That's not a problem. This is about protecting the local market from China.@@vlhc4642

    • @larryc1616
      @larryc1616 5 місяців тому +2

      Consumers will pay 2-4x more for same products not made in China

    • @vlhc4642
      @vlhc4642 5 місяців тому +3

      @@larryc1616 If anyone's willing to pay more for American products there wouldn't be a need for tariffs.

  • @Cfb2987
    @Cfb2987 5 місяців тому

    Really glad I found this channel. Everything I’ve seen on UA-cam about China so far has been way too extreme in a pro or anti stance. I like how this channel acknowledges pros and cons to China’s approach to conducting global commerce.

  • @ianburnett4605
    @ianburnett4605 5 місяців тому +22

    6% of earths population thinking they are 96%.

    • @melchoirhenry1108
      @melchoirhenry1108 5 місяців тому +2

      Beautifully said 👏

    • @jennylee685
      @jennylee685 5 місяців тому

      lol, that’s the truth. Those same 6% (the gov’t) thinks they run the rest of the world too!

  • @frankcoffey
    @frankcoffey 5 місяців тому +13

    We have no room to talk about China subsidizing companies. Chinese customers bought GM vehicles like crazy even after our government bailed them out. Buick used to be a popular brand of car over there.

    • @tooltalk
      @tooltalk 5 місяців тому

      Yet, no foreign battery competitors have been allowed in China's local EV market since 2016.

    • @frankcoffey
      @frankcoffey 5 місяців тому +4

      @@tooltalk I don't see a need for that. They have enough supply locally and batteries are still in high demand where they are made in other countries. That's not an import situation for them and not an export situation for us.

    • @tooltalk
      @tooltalk 5 місяців тому

      ​@@frankcoffeySure, there are also plenty of EVs sitting in the lot in the US too. The US doesn't have any need for Chinese EV either.

    • @tomtube1012
      @tomtube1012 5 місяців тому +6

      @@tooltalk You mean there's no foreign competitor that can compete since 2016 lol.

    • @tomtube1012
      @tomtube1012 5 місяців тому +4

      @@tooltalk China dominated battery production for EVs with over 83 percent of the global total. How do you explain that? lol

  • @rockycata6078
    @rockycata6078 5 місяців тому +4

    Told you Viking ...China will retaliate, and the easiest way is to 'abandon' ICE car PARTS, or heavy price increases for Ford/Chevy/Stellantis parts. US consumers will pay dearly to get their ICE cars repaired, and those 'warranty' repairs for new cars will be delayed for parts. Every factory in China producing anything for US manufacturers will be scrutinized by Beijing to put maximum pressure on US consumers to increase inflation. "Tit-for-Tat" is the new Chinese proverb/policy, and now the "steel hand"[Deng/UN/1985] comes out of the velvet glove. Not yet a hot war, but this trade war is just getting started.

    • @saleh45251
      @saleh45251 5 місяців тому

      i like it...steel hand comes out of velvet glove!

    • @dvader3263
      @dvader3263 5 місяців тому

      Reserve a Model Y or purchase one at .99% interest this month and also save $200-300 per month for each vehicle in the family with no need to purchase gasoline.
      No oil changes, no brake wear, no catalytic converter thefts. And no gas station visits. Charge it while you're sleeping.

  • @rambokd
    @rambokd 5 місяців тому +7

    So I think Chinese plants in Mexico and Canada will be exempt due to the trade agreements. Thus incentivizing growth in those two countries.

    • @hwirtwirt4500
      @hwirtwirt4500 5 місяців тому

      Depends on the content of the vehicles and where that content is manufactured.

    • @larryc1616
      @larryc1616 5 місяців тому

      Yes through NAFTA

    • @hwirtwirt4500
      @hwirtwirt4500 5 місяців тому +1

      @@larryc1616 PRC is not a member of NAFTA.

    • @larryc1616
      @larryc1616 5 місяців тому

      @@hwirtwirt4500 the only members of NAFTA are US, Mexico and Canada

  • @endodevices8129
    @endodevices8129 5 місяців тому +3

    The US government bailed out the legacy auto maker previously.
    So, now they have to do it "again" ??!!!

    • @hwirtwirt4500
      @hwirtwirt4500 5 місяців тому

      PRC auto makers are owned by the government.

  • @Harmony99Harmony
    @Harmony99Harmony 5 місяців тому +27

    They say chinese products are bad and cans, why are they afraid to compete? 😁 does that means chinese products are good and cheap. 😂 😂

    • @davidbrayshaw3529
      @davidbrayshaw3529 5 місяців тому +1

      There's a reason that Tesla is using BYD and CATL batteries. BYD was a battery company before Tarpenning and Eberhard had even thought about building Tesla.
      The 4680 is a flop. This is a killer for Tesla.

    • @huckleberryfinn6578
      @huckleberryfinn6578 5 місяців тому +1

      @@davidbrayshaw3529 It's not a killer for Tesla. It will boost domestic production, not only for Tesla.

    • @davidbrayshaw3529
      @davidbrayshaw3529 5 місяців тому

      @@huckleberryfinn6578 What raw materials come out of Chinese controlled mines?
      Lithium?

    • @larsnystrom6698
      @larsnystrom6698 5 місяців тому

      @@davidbrayshaw3529
      Oh, Tesla is working on getting the cost of 4680 down to the level of the Chinese batteries.
      They will get there, eventually!
      Not a success yet, but maybe not a flop either, if they get there.

    • @bobsmith3983
      @bobsmith3983 5 місяців тому

      @@larsnystrom6698 If the batteries are made in the USA the cost will never rival those made in China.

  • @jasoncummings7052
    @jasoncummings7052 5 місяців тому +20

    Violation of International trade. Hypocrites!!!!!

  • @KathrynStephanie-zy6fe
    @KathrynStephanie-zy6fe 5 місяців тому

    Revux responsiveness to community feedback is an impressive aspect of its development. The proactive engagement with the community demonstrates a commitment to inclusivity and a willingness to adapt based on user input.

  • @03mai67
    @03mai67 5 місяців тому +53

    China doesn’t sell at a loss. They operate with more margins abroad. China is more automated than most countries except South Korea.

    • @03mai67
      @03mai67 5 місяців тому

      Peoples don’t grasp that China buys half industrial robots and with the widespread 5G network they add another level of automation. The country is entering the 4th Industrial Revolution.

    • @hwirtwirt4500
      @hwirtwirt4500 5 місяців тому +6

      They use human robots.

    • @beautifulgirl219
      @beautifulgirl219 5 місяців тому +1

      False. They barely sell at all in the U.S., and even Europe is extremely limited due to the over-priced nature of China BEVs in Europe. China tries to capture markets with subsidies and losses until foreign country domestic production ceases, then raises prices. China is an enemy, not a reliable trading partner. Self-deceoption is dangerous mai.

    • @tedmoss
      @tedmoss 5 місяців тому +1

      If you add up all the costs, China does indeed sell at a loss, you just don't know it. What is a loss? 200 million people out of work? No jobs for the youth?

    • @bldomain
      @bldomain 5 місяців тому

      @@tedmoss In your anti China dreams, my non friend, not in the real world, China is eating your lunch because they are better. Accept it and stop crying.

  • @andrewthacker114
    @andrewthacker114 5 місяців тому

    Interesting information,thanks for sharing

  • @kentgardiner1858
    @kentgardiner1858 5 місяців тому +7

    We can't compete in the world market so we add tariffs. Sad day for the American consumer.

  • @daves1646
    @daves1646 5 місяців тому

    Sam
    Thank you very much for the DETAILs around sector/product and #’s of the associated tarrifs. For all the stateside media provides, it has sounded like tarrifs were all being raised to ~100% and nearly immediately - hyped headlines, little detail in accounts of the changes. I agree with you 100% on the stupidity of playing the politic game and opposing recommendations of the ‘other side of the aisle’ then suddenly changing direction. I’d imagine Janet Yellen is a BIG part of what is in play here with enacting a measured response. Whether the action is broad enough depends on those survey results from key use industries.
    Again, many thanks for a more complete story!!

  • @syletie
    @syletie 5 місяців тому +13

    This is only internal to American, US consumer got robbed.

    • @taylorc2542
      @taylorc2542 5 місяців тому +1

      Where were you when they required joint ventures?

  • @BrianRuben-jx3rn
    @BrianRuben-jx3rn 5 місяців тому

    Diving deeper into Revux makes me more bullish about its potential. The continuous exploration and understanding of its features, developments, and partnerships contribute to growing confidence in its success.

  • @Fred-hi8tt
    @Fred-hi8tt 5 місяців тому +12

    Tarrifs are a sneaky way of implementing a consumption tax, so government can tax you when you spend your income as well as when you earn it. Property tax, sales tax, and others take the rest of your money.

    • @verypleasantguy
      @verypleasantguy 5 місяців тому +1

      Do not ever forget ---- The name of the game is *_"Fleecing the people"_*

    • @riccccccardo
      @riccccccardo 5 місяців тому

      👏🏾👏🏾👏🏾

  • @markelliott3928
    @markelliott3928 5 місяців тому +2

    Why doesn't Tesla buy the batteries from China having them ship to the Germany Plant then re-distributed to the US which inturn would eliminate the high cost of having then shipped directly from China.

    • @hwirtwirt4500
      @hwirtwirt4500 5 місяців тому

      If only everyone was gullible enough to not see right through that.

  • @chaoskid1211
    @chaoskid1211 5 місяців тому +25

    Hey Viking, blink if your being held hostage. 😂

    • @XinaCCPFreeTibet
      @XinaCCPFreeTibet 5 місяців тому +2

      Nailed it. CATL writes directly to him. Check out his videos about it.

    • @IverKnackerov
      @IverKnackerov 5 місяців тому

      What a pair of muppets

    • @chaoskid1211
      @chaoskid1211 5 місяців тому +1

      @@IverKnackerov ok 50 cent army

    • @tooltalk
      @tooltalk 5 місяців тому +1

      @@XinaCCPFreeTibet Yep.. the electric/C C P Viking is notorious in the Chinese battery industry.

    • @hwirtwirt4500
      @hwirtwirt4500 5 місяців тому +2

      He's acting under strict orders from the cult leader Elon.

  • @billh3860
    @billh3860 5 місяців тому +2

    Watching.... from Canada.

    • @jaaklucas1329
      @jaaklucas1329 5 місяців тому +1

      So we have our own beefs with the CCP. Two Michaels, Huwai, Covert Chinese police stations, CCP aligning with Russia. We do have a BYD bus plant in Ontario. Ironically they make the best stuff in electric anything and this is what N.America needs.

  • @jaysu8669
    @jaysu8669 5 місяців тому +17

    American are patriots, and willing to pay high prices to protect "our" national security industries, so that executives can get paid for millions. Hooray.

    • @alexpang5054
      @alexpang5054 5 місяців тому

      Yup, patriotic stupidity, lets see how far that goes before the majority wake up and realize they've been butt screwed by their own government...

    • @ruskiessuck3337
      @ruskiessuck3337 5 місяців тому

      Lithium is a critical DOE /Military mineral dude. Get a clue BOT

    • @tooltalk
      @tooltalk 5 місяців тому

      You are not America, how would you even know that? The average price of EVs in the US dropped by $8K last year.

    • @kenoliver8913
      @kenoliver8913 5 місяців тому

      If Americans were willing to pay higher prices to protect "national security industries" there would be no need for a tariff - they'd go ahead and pay the premium on the showroom floor. The whole point of a 100% tariff is to FORCE Joe Sixpack to pay double. It is quite amazing coming from the land of liberty; Americans no longer believe in competition because they think they'll lose it. It seems they are turning into a nation of whining losers.

    • @petardetar5191
      @petardetar5191 5 місяців тому

      @@tooltalk The average price of cars in nAmerica is 30-50% higher than 2019, so help yourself with that 8k :)

  • @danielgrayling5032
    @danielgrayling5032 5 місяців тому +2

    On the bright side, without US tariffs, solar panels wouldn't be so cheap in Australia and Australia is a sunnier country than America.
    Dependent on future US production, we may end up with more solar energy deployment in aggregate.

  • @Pousada78
    @Pousada78 5 місяців тому +3

    You are forgetting the battery capacity increase that is being implemented in the US and that other car manufacturers are reducing orders. so there will be batteries left for Tesla to purchase in the United States

    • @JoeyBlogs007
      @JoeyBlogs007 5 місяців тому +1

      Absolutely

    • @francismarion6400
      @francismarion6400 5 місяців тому +1

      How are you going to get the other 93% of Americans interested in ev's?

    • @huckleberryfinn6578
      @huckleberryfinn6578 5 місяців тому +1

      @@francismarion6400 Just a matter of time and sinking costs.

  • @5nowChain5
    @5nowChain5 5 місяців тому +2

    LiFePo4 280/300Ah cells prices are going up from the low of $32 /cell in bulk.

  • @mnhsty
    @mnhsty 5 місяців тому +10

    Here we go. More inflation.

  • @mortensen117
    @mortensen117 5 місяців тому +2

    Support what you believe in, don't limit what you don't believe in - use affirmative action, not war.
    Restrictions promote nothing to do with progress.

  • @lesliecarter4295
    @lesliecarter4295 5 місяців тому +28

    Europe to slap on the tariffs in the very near future.

    • @bubuneowoo6161
      @bubuneowoo6161 5 місяців тому +12

      I guess BMW and Mercedes don't want the China market.

    • @verypleasantguy
      @verypleasantguy 5 місяців тому

      It's the greatest irony of all time --- the people of the so-called 'democratic countries' are no longer being taken care of by their democratically elected government !

    • @Sacto1654
      @Sacto1654 5 місяців тому +4

      @@bubuneowoo6161 Given the rapidly collapsing Chinese economy, I'm not surprised.

    • @neverletmego6414
      @neverletmego6414 5 місяців тому

      @@Sacto1654 China's economy has been collapsing for the last 30 years

    • @timmommens901
      @timmommens901 5 місяців тому +2

      ​@@Sacto1654
      Hear hear.
      If not just copying, stealing know how.

  • @ronblack7870
    @ronblack7870 5 місяців тому +1

    the industries that use steel employ 10 times as many people as those that make steel. so the tariffs will increase the cost and cause job losses in those industries.

    • @kenoliver8913
      @kenoliver8913 5 місяців тому

      True. Now how many more people do industries that use cars employ? An awful lot more than industries that make them. This is an exceptionally dumb set of tariffs.

  • @HLC64
    @HLC64 5 місяців тому +13

    China should also put same tax or tariff on US car component selling in China inculding Teslar GM Ford etc. Bearing in mind that they are making a lot of profit in China... Teslar makes a chunk of profit in China and see how much Teslar stock price will drop..

    • @zoransarin5411
      @zoransarin5411 5 місяців тому +1

      Who or what is Teslar? Do you not know anything about the great and famous Nikola Tesla?

    • @bobsmith3983
      @bobsmith3983 5 місяців тому

      You know who he is referring to so stop the BS.

    • @zoransarin5411
      @zoransarin5411 5 місяців тому

      @@bobsmith3983 It isn't BS toto try and educate the commenter. Clearly if you can't spell Tesla you are unlikely to know the origon of the name, so I informed him.

  • @andresfelipeod6819
    @andresfelipeod6819 5 місяців тому

    hello guys, try to open a Question. if I live in Houston. ¿wich Chinese electric Car would you Recomend?
    and in general ¿wich Electric Car of all the marks, would you recomended ?

  • @diablosv36
    @diablosv36 5 місяців тому +8

    I don't think tarrifs are a good idea most of the time, they just make things more expensive, the last thing we should be doing is making the EV transition more expensive. Most people can always adapt and find new jobs and ways of doing things, being able to get batteries and solar as cheaply as possible is a long lasting benefit for all, where as making things more expensive to save some jobs is a very short term way of thinking.

    • @tooltalk
      @tooltalk 5 місяців тому

      except that EVs getting cheaper in the US -- last year 2023, we saw a $8K drop in the average cost and they likely to drop further as the prices of battery raw materials continue to fall.

    • @diablosv36
      @diablosv36 5 місяців тому

      @@tooltalk And this could put a stop to that.

  • @AlanRick-ze7hk
    @AlanRick-ze7hk 5 місяців тому

    Revux consistent progress updates showcase a level of dedication that investors appreciate. The transparency and regular communication contribute to a sense of trust and assurance in the project's trajectory.

  • @HTeo-og1lg
    @HTeo-og1lg 5 місяців тому +25

    I taught Economics at university level before. For decades, the theory of international trade in economics is premised on the notion of "comparative advantage in different countries due to the diversity of natural resources and socio-economic culture of different nations. But now, this theory is being discarded by the US because the US is no longer able to compete based on this economic principle. It is akin to kicking away the ladder that one climbed on to scale the national economic development, in order to stymie one's competitors from climbing up the ladder which one had used before. So, it is sheer hypocrisy. Shameful!

    • @hwirtwirt4500
      @hwirtwirt4500 5 місяців тому +3

      China Bot.

    • @ChrisBarnes199
      @ChrisBarnes199 5 місяців тому +2

      I disagree. This is targeted at national security type items. China can still send cheap textiles and consumer goods.
      The pandemic showed the US too dependent for some critical items.
      Did you notice the needle and syringe tariffs?

    • @havencat9337
      @havencat9337 5 місяців тому +1

      well said...i also feel the same hypocrisy and desperation

    • @saleh45251
      @saleh45251 5 місяців тому +1

      its called mercantilism! although i believe West's approach is way too late where China dominates supply chains of various industries and minerals on an unmatched level..

    • @HTeo-og1lg
      @HTeo-og1lg 5 місяців тому

      @@saleh45251 . It is not. Better to refrain from using words which meaning is just emotive, or at best, nebulous.

  • @Raymaster7482
    @Raymaster7482 5 місяців тому

    Good video Sam!

  • @kylerobinson7572
    @kylerobinson7572 5 місяців тому +3

    Unintended consequences, poor planning!!

  • @GordonMichael-jt2le
    @GordonMichael-jt2le 5 місяців тому

    Revux partnerships serve as a testament to its credibility within the industry. Collaborations with reputable entities contribute to the overall trustworthiness and legitimacy of the Revux project.

  • @ezg8448
    @ezg8448 5 місяців тому +7

    Tesla going back to Panasonic batteries? Didn't Elon tick them off many years ago by going to Chinaese batteries?
    I'm curious how this boardroom meeting will go.

    • @jeffjwatts
      @jeffjwatts 5 місяців тому +6

      "I'm curious how this boardroom meeting will go."
      Probably something like this: Exec 1: "Musk is an asshole and dumped us before!" Exec 2: "The contract is worth billions." Exec 1: "I always said Musk was a great guy!"

    • @clasqm
      @clasqm 5 місяців тому +1

      @@jeffjwatts Exec2: "Yes, but not at the same price as before"

    • @chaoskid1211
      @chaoskid1211 5 місяців тому

      @@clasqm how do you know?

    • @davidbrayshaw3529
      @davidbrayshaw3529 5 місяців тому

      @@clasqm Exec2: "Add 24%, where else can they go...China?".

    • @francismarion6400
      @francismarion6400 5 місяців тому

      The resources are going to flow through China one way or the other.

  • @JulieStephanie-xk2vc
    @JulieStephanie-xk2vc 5 місяців тому

    Revux vision for decentralization is not just inspiring; it's visionary. The commitment to decentralization aligns with the core principles of blockchain technology and sets Revux on a path to redefine the industry.

  • @Sacto1654
    @Sacto1654 5 місяців тому +14

    This is why I think both CATL and BYD are looking for a location for a US factory to assemble battery packs, which is _way_ less controversial than selling a full-assembled Chinese EV here. Both companies could make a lot of money selling these battery packs here.

    • @winstonyu1776
      @winstonyu1776 5 місяців тому

      No, they won't. Think again, Tiktok, US will force them to sell due to "national security" reasons once they are starting to make money. They are not stupid.

    • @larryc1616
      @larryc1616 5 місяців тому +5

      Mexico

    • @tooltalk
      @tooltalk 5 місяців тому +2

      No they are not. They are not going to be allowed in, just the same way China never allowed foreign battery makers access to their local EV market.

    • @SirBalageG
      @SirBalageG 5 місяців тому +4

      I love the idea that you could buy a car for half the price if it wasn’t for politics

    • @PETERJOHN101
      @PETERJOHN101 5 місяців тому +1

      ​@@SirBalageG
      That's only because China uses child labor which is reason enough to restrict trade with them. The reason for Biden's move is protectionist on behalf of his donors.

  • @kaiulani3044
    @kaiulani3044 5 місяців тому +1

    Only Chinese-branded EVs make up an insignificant amount of US sales. However, Ford and GM import EVs made in China. The tariffs will be bad for American consumers as well as for Ford and GM.

  • @kennytinker24
    @kennytinker24 5 місяців тому +12

    Forget tariffs, just implement the same policy China has, to be sold here, 70% of it has to be made here. simple. China obviously thinks this is a fair policy, so they can not say anything if we do the same. SIMPLE.

    • @hwirtwirt4500
      @hwirtwirt4500 5 місяців тому +1

      Careful, this doesn't fit the Tesla Vikings narrative.

    • @hehe-mq2bk
      @hehe-mq2bk 5 місяців тому +3

      How naive are you? Do you not understand supply chains and markets?

    • @mnhsty
      @mnhsty 5 місяців тому

      China did it to acquire knowledge and technology. That won’t work for us.

    • @GreenIsland38
      @GreenIsland38 5 місяців тому +2

      That is not a Chinese policy !!! Western car makers produce in China because it,s much cheaper for them to do so, they then sell those cars back in Europe and the US.

    • @mnhsty
      @mnhsty 5 місяців тому

      @@GreenIsland38 Our imports of cars made in China so far is minuscule, as Viking noted.

  • @thewishmastur
    @thewishmastur 5 місяців тому +2

    It is all political show for their audiences. The leaders in both countries are probably laughing with each other.

  • @kradwonders
    @kradwonders 5 місяців тому +3

    The problem with tariffs is that they reduce competition and innovation. A company protected by tariffs does not have to improve their products because there is little competition.

  • @brunopadovani7347
    @brunopadovani7347 5 місяців тому

    I agree 100% with tariffing Chinese imports.

  • @knutbergan
    @knutbergan 5 місяців тому +6

    I suspect the Chinese manufacturers will set up assembly plants in US as the Japanese, Korean and European manufacturer to avoid tariffs.

    • @chingtuckmeng1122
      @chingtuckmeng1122 5 місяців тому +1

      dont think so, russia rings a bell. n security

    • @tooltalk
      @tooltalk 5 місяців тому

      They are already in the US -- Gotion, EVE for instance already have plants in California, Alamaba via the German auto JVs.

  • @SallieHeidi-qj5pn
    @SallieHeidi-qj5pn 5 місяців тому

    Revux community-driven approach is precisely what the crypto space needs. The active involvement of the community in shaping the project's direction fosters a sense of shared ownership and commitment.

  • @EM-ce5xs
    @EM-ce5xs 5 місяців тому +9

    Banning stuff is what US good at. There is phrase for this, it ia called "sore loser"

  • @KennyL0009
    @KennyL0009 5 місяців тому

    Incorrect, US solar panel importers will adjust and survive. They will switch to importing Vietnamese panels. There will be a boom in Vietnamese panel imports to US. There will be a boom in imports of Chinese solar components to Vietnam. Instead of 2-way trade, it becomes 3-way trade. US consumers pay the extra direction. BTW, western companies also receive subsidies to become more competitive. Chinese government and corporations are better at it. China just followed Japan's playbook. The US took the Japanese playbook away through the Plaza Accord and Voluntary Export Restriction agreements. US is unable to take away China's playbook.

  • @peterelliott2914
    @peterelliott2914 5 місяців тому +3

    Chinese practices are unfair if you apply a western model. They are communist, the success of their companies is tied to the success of their government. The whole model is aimed at getting stuff done, being efficient and being successful. A new and improved "whole country' business model if you want to put it that way.
    Because the way China operates gives them a major advantage over the comparatively inefficient way the west operates, that is unfair.
    Should they change? No! What they do drives down the cost of producing things like EVs, solar panels, batteries, medicines and more and we should celebrate that.
    I totally understand Biden's efforts at making American goods more competitive but putting on tariffs is basically arse-about-face. He needs to be subsidising American solar panels and EVs, making them more efficient by building up infrastructure and supply lines instead of trying to hamstring the competition.

    • @larsnystrom6698
      @larsnystrom6698 5 місяців тому

      Don't you find it a little odd saying "they are communists" when they are so much better businessmen than you are?

  • @DouglasDennis-xy9io
    @DouglasDennis-xy9io 5 місяців тому

    Revux has the potential to outperform many in the current market. The combination of strategic planning, innovative features, and a dedicated team positions Revux as a frontrunner for future success.

  • @257.4MHz
    @257.4MHz 5 місяців тому +8

    4680 is back on the menu, boys!

    • @bobsmith3983
      @bobsmith3983 5 місяців тому +1

      "4680 is back on the menu, boys!" So are the higher cost and fires.

  • @kenwhitman1055
    @kenwhitman1055 5 місяців тому +1

    I saw it coming Detroit is making sure they have control, short of anti dumbing as I predicted

  • @ricnyc2759
    @ricnyc2759 5 місяців тому +12

    Tariffs = inflation.

    • @13MAM13
      @13MAM13 5 місяців тому

      I would take tarrifs over income tax, problem is we get both and then inflation eats through the rest

    • @X5493-c7p
      @X5493-c7p 5 місяців тому

      Those tariffs go straight to the government coffers and inflation erodes the value of their debt

    • @francismarion6400
      @francismarion6400 5 місяців тому

      All for the 7% of Americans who would own an ev. This is ridiculous!

    • @huckleberryfinn6578
      @huckleberryfinn6578 5 місяців тому

      @@francismarion6400 It's obvious not only about the 7% EV owners. It's about the whole EV and battery market that will grow to trillion of dollars.

    • @tooltalk
      @tooltalk 5 місяців тому

      The average price of EVs in the US in 2022 $61K to $53K in 2023. Where is EV inflation?

  • @Tbcp1313
    @Tbcp1313 5 місяців тому

    Tariffs or not I would support American/ North American industry and jobs first.

  • @jorual12
    @jorual12 5 місяців тому +6

    The objective of tariffs is not only to protect the national industry, it is also to increase tax collection in a bankrupt and indebted country in a disguised way. The big loser is the American consumer who costs the most for everything.

  • @JMKeynes8491
    @JMKeynes8491 5 місяців тому

    Sam, is China selling EVs in Australia below the cost of production? If so, how much should the BYDs, MGs and the Oro actually cost?

  • @mnhsty
    @mnhsty 5 місяців тому +11

    I’m disgusted.

  • @corblimey8729
    @corblimey8729 5 місяців тому

    I don't know why tesla isn't buying Amprius batteries with huge capacity. Although they don't have volume yet.

    • @bldomain
      @bldomain 5 місяців тому

      You already answered your own question. Dumbo.

  • @someuser7501
    @someuser7501 5 місяців тому +25

    Now ironically all those people crying their Teslas have lost value are going to cheer.

    • @tedmoss
      @tedmoss 5 місяців тому +1

      The only people crying are the ones that can't afford to buy a Tesla.

    • @johannesr.h.131
      @johannesr.h.131 5 місяців тому

      CHINA IS THE BIGGEST MARKET FOR TESLA

    • @dzonikg
      @dzonikg 5 місяців тому

      @@tedmoss I am so cry i did not bought car that can tow 80 miles

    • @bobsmith3983
      @bobsmith3983 5 місяців тому

      The only people crying are the ones that own a Tesla when it comes time to replace the battery with an American made one.

  • @learntechbasics
    @learntechbasics 5 місяців тому

    This one action by the US should be remembered. This will be the trigger to make the world (and not just US) a lot more expensive to live in.
    This statement of mine will be appreciated in 2034/35 hopefully if not now.

  • @kevinlin4895
    @kevinlin4895 5 місяців тому +9

    "long term it's good for US manufacturing"...is it really?

    • @nfzeta128
      @nfzeta128 5 місяців тому +3

      if they take advantage of this slowing, yes.

    • @paulmcgraw9284
      @paulmcgraw9284 5 місяців тому +3

      NO!

    • @mikewallace8087
      @mikewallace8087 5 місяців тому

      @@paulmcgraw9284 YES it is.

    • @blackknight4996
      @blackknight4996 5 місяців тому

      ​@@nfzeta128
      You are dreaming.

    • @blackknight4996
      @blackknight4996 5 місяців тому +3

      United Snakes has de-industrialized...😊

  • @sxyline4807
    @sxyline4807 5 місяців тому +1

    The excess argument is faulty! It also means Australia sells “excess wine, iron ore, grains, gas” to oversea market. The fact is China has cheap labour and production cost which US and Australia have lost complete competition due to endless red tapes

    • @kenoliver8913
      @kenoliver8913 5 місяців тому

      In the case of batteries the lower production costs in China are a product of them being the most technologically advanced, not cheap labour. If there's any industrial espionage going on in this field it will be by American firms spying on CATL, not the other way around. That is why the Chinese are right to see this as more evidence of American decay.

  • @davidrichards1741
    @davidrichards1741 5 місяців тому +3

    China bought 31 million new cars last year while Americans bought 3 million. US says it buys pickup trucks, but china buys more trucks & buses in total - 3 millilon electric buses year compared to 300 in US. China has 48,000 miles of hi-speed rail and thousands of electric hi-speed rail cars. US has 1600-feet of hi-speed rail and 0 trains.

  • @FrankGallagherr
    @FrankGallagherr 5 місяців тому +1

    Tesla is the best car company ever! No gas stations, No oil changes, No smog check, No corrupt dealership, No catalytic converter and as fast as a $650,000 Lamborghini

    • @petardetar5191
      @petardetar5191 5 місяців тому

      Only if you can afford and pay for Tesla !

  • @pip4so
    @pip4so 5 місяців тому +3

    We in europe, can't wait for cheaper batteries that are coming over here as the factories will need to meet targets, thanks Biden!

    • @tooltalk
      @tooltalk 5 місяців тому +1

      Most batteries in Europe come from Poland (LG) and Hungary (Samsung).

    • @sleefy2343
      @sleefy2343 5 місяців тому

      @@tooltalkisn’t that Korean and Japanese company?

    • @tooltalk
      @tooltalk 5 місяців тому

      @@sleefy2343 : yeppie, they are all South Korean.

    • @bobsmith3983
      @bobsmith3983 5 місяців тому

      China is BYD is building a battery plant in Hungary so Europe will still be using batteries from a Chinese company, just made in Hungary.

    • @tooltalk
      @tooltalk 5 місяців тому

      ​@@bobsmith3983 No worries, my comrade friend with fake western namehandle. By the time BYD completes their first 1.7GWh battery plant in Hungary, all of LG's 117+GWh Poland production line would be online, and Samsung's 3rd factory would be up, in addition to the existing 110GWh under expansion.

  • @teebone2157
    @teebone2157 5 місяців тому +5

    Tesla has spent all this time trying to lower the prices to get more customers now to have to increase prices on the batteries alone