Trade War With China Intensifies as Biden Raises tariffs on Imports
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- Опубліковано 8 чер 2024
- Liza Tobin, senior director of research and analysis for economy at the Special Competitive Studies Project, joins Caroline Hyde and Ed Ludlow to discuss President Joe Biden's plan to quadruple tariffs on Chinese EVs and sharply increase levies for other key industries this week. She speaks on "Bloomberg Technology."
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But China allowed Tesla and GM into their country.
For many years, GM has sold more Buicks and Cadillacs in China than at home. Most people did not know that.
China markets are wide open
And Tesla 100% owns its factory at the edge of Shanghai. In fact Tesla got nearly 1 Billion in subsidies from the Chinese Govt in the form of carbon credits. But the tariffs Biden plans to impose will apply to Tesla's built in China.
China allow their citizens the freedom to choose unlike the US. 🎉😂😂😂😂
Is Lisa Tobin seriously SINCERE in what she's saying.
Forcing the American public to pay that extra 100% tariff.
It's weird. It reminds me of the trade regulations on blue jeans in the USSR era. These are market segments the US don't provide, but are seriously hell bent on keeping from the public, lest it tarnish the ideal. "You must buy our premium doctors' sausage with your earned currency instead."
CCP soundbites.. who knew the CCP were pro-consumers!! LOL
@@tooltalk They have not been communist since 1976. Most people did not get the memo.
So are conspiracy theorists !
@@tooltalk hahah, the CP hasn't been comm since 1976.
Without tariff, American companies can not produce competitive products in these categories. American people are paying 4x for their medicines, 2x for green energy products, 4x for healthcare, etc. But, these products have no chance to be sold outside US. Without global market, how these protectionism will help American to compete?
US can do this because they borrow from the world why because USD is a reserve currency.
I do not agree.
American products (especially autos) can be competitive, but the big corp are too lazy to be innovative, because the American market is too easy.
It is not because of laziness. The CEOs' mission is to increase stock prices, not the future of the companies and make enough money before being fired.
@@MetaView7 no, because the financial systems is like that. PE firms acquire a company then restructure meaning save money, letting go of expensive but skilled people and then sell the company. Just at Boeing. It is the way business have been designed which is different from 1950’s era.
It only makes sense when the average American population has an IQ of less than 92 ! ...LoL
In the US, the citizens have the freedom to choose their leaders but not the products they need. 😢😢😢😢
Cheap becomes threatening to America, so price your own cars higher and highier and enjoy paying for it. Why complain
The American Taxpayer pays the Tarifs. Not China. It is a Tarif for the Taxpayer. Tarifs mean more Tax. 100 % more tax for American Citizens. Not for China. 😂😂😂
Tesla, GM, Ford sold 3millions cars in China 2023, how many Chinese cars sold in USA?
Overcapacity when China only exports 15% of the 6 million cars they produce and Germany exports 75% ! ...LoL
Americans can still afford to buy China's EV but not Tesla
Unless some of the Tesla fanboys love to be ripped off by Elon.
BYD $ 13k vs Tesla $ 47k
BYD $13k + tariff $13k = US26k is still cheaper than Tesla
@@BrandyHeng007 That's the reason why Elon is the richest man in the world.
@@hermesliteratus882
By ripping off the Rich Fools
@@BrandyHeng007 Tell me about it.
Salute to Americans👍, both Biden & Trump are the smartest presidents in the world, you guys should give thanks & proud of it, they're training their citizens to buy mercenaries at highest price in order to become used to it.
The vibe of the satire is killing me.
We need affordable vehicles and they're giving it to us. We can't afford American vehicles and we don't have good public transportation. We also need high speed rail
the california HSR that goes to nowhere
chinese car companies are not dumping cars (at least not for now) and quite the opposite. BYD cars MSRP is on average 100% higher in Europe compared with china for example
well, any competition is threatening for US.
Just increase to 10000%...
The plan was to go all green asap!!!!! What happened???
It is sad a superpower like the US no longer have the supply chains for the industries of the future. Hiking tariffs will never address the fundamental problem of building the ecosystems for the future, but only to score political points for the benefits of a few.
Donald Trump said < trade war with China is easy to win> by increasing tariffs on Chinese imports. In 1929 the US started a trade war with European countries with high tariffs to solve US recession but failed. No country in the world can use high tariff to solve economic problems. Period. Soon JB will increase tariff on Chinese imports of toys, tooth brush, Christmas gifts, bicycles, furniture, table lamps, door mats, pencil , eraser , rubber bands, small screws and nails, outboard motors etc . There are over capacity of these products in China and they are too cheap for the US to compete.
US can of course shield itself from competition, but the rest of the world will move on. The combined non-US markets will give birth to highly competitive companies that will shift the tide.
So in US context, any competitions is a threat. They will put sanctions and increase tariffs until there is no more competitors. Interestingly how these people think😂
Only Tesla and American companies in China will be suffered. Chinese OEMs has less products sold in USA.
Which car market has higher sales between China and the United States? It's the United States, and Chinese electric vehicles are basically not sold in the United States. On the contrary, the United States is not, and reciprocal countermeasures are more unfavorable to the United States
There are basically no EV makers in the US except for Ford. The other brands like Tesla and Rivian are just makers of toys for the wealthy 1% !
Golden Cobra presale holds promise as an investment opportunity, but I'm curious about its long-term sustainability. Any insights on its roadmap and future plans? #GoldenCobra
competition is threat lol🤣🤣🤣
When Capitalism doesn't work, switch to Socialism for the rich ...poor American taxpayers !
image the stock price of ford or gm when either one could team up byd to sell seagull in the US.
Ford and GM will be finished in China in less than five years from now and Tesla eventually will be too !
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Math: 100% on $0 car import from China is, ZERO!!!
If import one Chinese car, all of the 100% tariff will have to come out of that buyer’s pocket.
CNBC Article today Highlights "Automaker Stellantis expects to quickly grow sales of China-made electric vehicles outside of the country through a new joint venture with Leapmotor, starting later this year.
The announcement comes amid increasing geopolitical tensions surrounding China-made electric vehicles in the U.S., Europe and other regions.
The expansion plans do not currently include distribution in the U.S., Stellantis CEO Carlos Tavares said, citing, among other reasons, new American tariffs on China-made EVs." MORE Companies will follow USA has hung itself
oooppss... Inflation will be going up even higher.
Inflation is basically means the middle class or 69% of the population has too much money saved up and it's the secret buzzword the US Government and the news medias uses to tell the 1% to raise their prices, how else do you think the 1% asks for a raise and how many times a day you hear that word on TV without even understanding what it even means ? The 1% all own traditional news medias and now social media for a reason ...to brainwash you ! COVID and the Russian-Ukraine war all came into helping with their lullaby that even their news media networks didn't have to try too hard to succeed in convincing the average American ...who knew the Ukraine was a superpower that could disrupt your lives if you believe your silly news medias ! ...LoL
thanks Joe, we love higher inflation , especially on election day.
Are there confirmations that China is exporting EV's to the US?
Chinese companies seem to be more cautious when doing business with Sinophobic USA. They might have their assets frozen in the USA.
Us is nto sinophobic, china is freedomphobic
Good
you will lose
Actually its about US protecting petrodollar.
More higg quality EV, solar panel, battery in the Us means less revenue from fossil fuel.
Capitalism is about free trade?Hypocrisy 😂
Capitalism is also about the lowest labor cost, then why aren't they in India, Mexico, Eastern Europe, South America and Africa where labor cost is lower than in China ? You've been played by the 1% like a doll from the very beginning !
The US has to re-build its own industry in competition with Europe, Japan, South-Korea and China. YET, I DOUBT THAT THE US WILL BE ABLE TO BUILD ITS OWN INDUSTRY (SOLAR PANELS/ CHIPS/ EV CARS) AS IT HAS FAILED IN THIS ALREADY 30 YEARS. (FOR INSTANCE WHAT US CAR SELLS IN EUROPE?). SO, ALL THESE BILLIONS OF SUBSIDIES AND TARIFFS WILL BE IN VAIN.
eventhough US is the 2nd biggest market, but the world is so huge. Chinese EVs will continue innovate, grow and doing good in other countries. Only real competition will bring up a better technology. US is doing opposite way, they close the market, scare of competition, which make american EVs cannot compete in the international stage. Everyone know american is behind chinese in the battery and EVs technology. American should adopt the same strategy as chinese did in the combustion engineer vehicles where impose regulation like if chinese EV want to enter american market, it must be joint ventured with american companies. then american can learn from them and one day become the market leader.
Cannot win trade war, up tariff. Cannot win world war, push lackeys up front. Gud idea!
US imposing 100% tariff on Chinese EV's, Solar Panels and
Lithium Batteries, commercial drones = total decoupling of the related products.
That's the best decision that US made and the most encouraging
action that China readily accepts. This way, no more US stealing
Chinese technology from the 4 manufacturing sectors for now.
It is also good to know that all Americans will have to pay double the
price if they ever need to have those products. Paying US$14,000 more
for an EV that sells for US$14,000 retail.
The hard reality is, that the Chinese factories are so efficient (robotic), that even with a 100% tariff, they can still sell their cars at 50% of American equivalents.
Yes yes... impose 100% tax...
Chinese EVs will still be cheaper...
So might as well make it 1000% tax!
who care 100% or 1000% ? im not paying it. any EV will be fail in America! they all over 50k+++ ! less than 20k i think about it!
Tariffs means more money for Uncle Sam and his goons. 🤑🤑🤑🤑🤑
🤔Make thing here at home. Hmm, is that so? What about (The Universal Backwash & Massage Unit) by "YAHVISION"🤓😎
Oh, wait, isn't capitalism a open market?? Few years ago, US was in favor of open market? Now, where is the logic,liars😂.
Tesla is doing open business here in china.😂
Lol, i have lost all respect for westerners.
Buy, a ev at 35k$, meanwhile, we can buy two ev here in china.😂