Biden to Hike Tariffs on China EVs, Offer Solar Exclusions
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- Опубліковано 12 тра 2024
- President Joe Biden will quadruple tariffs on Chinese electric vehicles and sharply increase levies for other key industries this week, unveiling the measures at a White House event framed as a defense of American workers, people familiar with the matter said. Bloomberg News' James Mayger discusses with Joumanna Bercetche on on Horizons Middle East & Africa.
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Free trade when winning
Closed trade when losing
So American 😂😂😂
China does similar things
@@bobcat718
Oh, stop the nonsense.
For decades, when the US and the West still had the upper hand, no one said the Chinese market was not free, but after losing the competition, suddenly every time you opened your mouth you accused the Chinese market of not being free.
If China's market is not free, how can China still be in the WTO?
If the Chinese market is not free, how can the second largest Apple store in the world be in Shanghai China?
America sucks we know. Israel is psycho the US is a joke
@@araara4746 true lol, the US mostly never practice what they preach....
@@araara4746 They are in the WTO because they are the 2nd biggest economy. Look at what China did to Australia in terms of exports of beef, coal, wine etc.. because Australia did an enquiry into the origins of COVID.
China also banned US software Facebook, insta, WhatsApp, Google.
This reminds me of countries like Turkey, which had 100% tariffs on German/French cars to protect their own car manufacturers. The only result was that the Turkish car manufacturers used to sell their low quality expensive cars to customers 😅
They now have 50% import tariff on Chinese EVs.. The EU Commission is about to announce their own Countervailing Duties (CVD) against Chinese EVs pretty soon -- I expect in 60%-100% range.
To protect domestic industry. Joint venture with 51% ownership and ip sharing is the only way.
@@ronron7143 Yep, and local sourcing/manufacturing -- that's exactly what China forced all foreign companies to dopast 20+ years. Let's learn from China's success.
@@tooltalk
What most people don’t get?
Is yes in “most” cases when you go to China to sell into their domestic markets you have to take a Joint Venture (JV) partner
And in “most” cases when you go to China to open up a factory, and export those goods back to your country you don’t have to take on a JV partner
These days ?????
Is it is US multinationals making the lion share of those profits inflating the trade deficit between China to the USA
Where Chinese companies mostly trade with their Belt and Road country partners these days
These US multinationals are the ones sending you that junk
These US multinationals are still using the same highly polluting labour intensive factories formula.
As they were using more and more illegal labour in their Chinese factories, smuggled in from South East Asia.
Or more and more automation in their wholly owned factories in China these days
These are the same companies who got those trump Corporate tax cuts you for sure cheered about
Same companies based in China who derived 392 billion in sales into the Chinese domestic markets in 2018 when trump started his trade war
Same companies averaging 20% to 40% of their earnings from China whose high flying stocks are in your 401k/Pensions
Same companies who the American farmer and consumer were sacrificed. So the USA could try and get “more” or “better” access for the US multinationals, into those Chinese Domestic markets during the trade war
Same companies whose HQ is in a North American city you can easily go stand outside and protest at….
Why didn’t China pull the nuclear trade option and boot these US companies you might ask?
They don’t believe in a zero sum game type of thinking
As I can show you during the trade war.
China didn’t pull out their big trade weapons, in fact they were lowering tariffs to most countries not raising them
👇
Trump’s ‘trade war’ with China won’t be so easy to win
Having learned these value chain lessons, Beijing has worked hard to bring more of the high-value-adding parts of value chains into China, and to build hi-tech industries in which it can establish a globally competitive position.
China has successfully done this in areas like high-speed trains (CRRC), digital telecoms networks (Huawei), drones (DJI) and hi-tech batteries (BYD).
Trump’s team is not wrong to be worried about China’s competitive emergence here, and to target these new-tech sectors in the latest trade war sortie.
But here’s the problem: China exports almost none of these new-tech products to the US, making US tariff threats meaningless. Rather, they go to developing economy markets - many embraced by the Belt and Road initiative - where China has succeeded in building a hi-tech, high-value brand reputation.
As Trump’s team will quickly learn, the challenge of finding China’s pain points is bigger than expected: for a decade China’s priority has been to base growth on the domestic consumer economy and reduce reliance on the low-value-adding export processing industries (many of which are US- or Hong Kong-owned and concentrated in the Pearl River Delta)
SCMP
@@ronron7143 , and what will this "domestic industry" look like? Protectionist measures such as these only lead to a worsening in the prosperity of the consumers. You still pay like 25% more ( because of the Chicken tax ) for light-weight trucks coming from Europe.
so much for free market and competition
sure, ooomaaooo
No more free trade since Trump 2016
Yup, this is Murica's idea of competition, free & fair trade.
USA lost its Way. They just dont know what to do. 😅
what way? The US is always fighting against mercantilist China.
@@tooltalkGolly, if only you could realize how stupid that sounds.
What else can you do when you cannot compete!
BIG 3 (GM, Ford & Stellantis) are scared of cheap China EV's 😂
It’s ok the US can keep their shit
BYD to start production in Mexico with cheaper parts from China.
you mean BYD
@@888YangJi Oh yeah, Thanks. I was very tired last night.
BYD needs to use local sourcing/manufacturing in Mexico if they intend to avoid tariff.
@@tooltalk
BYD can sell their Mexican made cars to Central and South American countries
I’m not entirely convinced the Chinese really think
That selling cars into the USA is a viable option
there is a decoupling going on
And any Chinese company is going to run into anti China anti American EV resistance in the USA
The US is banning Mexico too, or soon will be.
They will ban everyone who dares to do business with the Chinese. And eventually, until the US had nothing left to ban...
American just drive expensive and low tech Tesla😢😢😢😮
Tarriffs are a bad idea. Competition will insure better cheaper options for the American consumer. Pretending it's a national security threat is insulting to everyone with half a functioning brain or more.
target Chinese EVs,Solar panels and batteries. Quite interesting considering the fact that on earth climate change is a threat to the existence of humanity. May be, Chinese people are not contributing to reducing carbon footprint. In the 1970s, US did research on remote viewing. In any potential future, climate change was a problem and some coastal cities were under water. It is unfortunate we seem not to care about future generations rather than ourselves. The kind of discrimination we see, that is exactly.
China is actually doing way more for carbon reduction that you think.
Good job, who loses in the end? The customers/average citizens.
What happens if China tariff US auto makers? ??
Vote for Donald Trump America FIRST
Trump has even less idea what to do than Genocide Joe.
Oh, America seems to be in for a real treat! Imagine solar panels for homes being priced at a whopping ten times the usual rate. As for Chinese cars, looks like there's absolutely nothing to worry about. And when it comes to batteries, well, America might end up with third-world technology for their vehicles made in america by crack heads from Boeing workers Haahaa!
The US may need to import cheap EV Cars under $10,000 from China eventually to fight the soaring inflation !
meanwhile our life today
Median Household Income Negitive-3%
Retail Gas+39%
Ground Beef+37%
Automobiles+34%
White panbread+33%
Sliced bacon+19%
Milk+18%
Deodorant+38%
cooking Oil+36%
Eggs+41%
Bleach+43%
RAMEN+43%
Dog Food +36%
Snack food /chips+27%
Auto repair/Tires+26%
>St Louis Fed.
inflation isn't soaring anymore, and is lowest among developed nations... as in economic growth
100% may not be enough. This is a tax on Americans that makes all transportation more expensive, and prevents Americans from enjoying the technological 'dividend' of capitalism - increased efficiency & lowered costs - which WOULD HAVE decreased the cost of living.
Well, the US needs to end the war in Ukraine, not import Chinese EVs.
Inflation is almost at target now. Sorry to run your political agenda.
Protectionism vs Capitalism.
China's mercantilism vs the West's free-trade.
Can you even buy Chinese EV in the US? I dont notice any of them are actually on sales in the US.
CNBC messed up. I watch their international content a lot less now.
Taxing Chinese EVs only hurts the interests of American consumers, which means that Americans have been spending several times more money to buy worse cars.
Hike the trarif is an admission that you have lost the race.
Justl ike China has been doing all along. LOL
@@tooltalk When Americans can't compete fairly or justify their hypocrisy, they blame China for doing what America is doing 😂
America is absolutely a sick nation. They voted for DJT twice and most likely will again. Horribly stupid, narcissistic, and hypocritical whiners.
no the American middle class and us tax base was outsourced to china for wall st gamblers. the gamblers lost we bailed them out!!!
So it is not about saving the earth afterall.....
Classical Economics was concocted by British when they did the most of trade in the world.
“Biden finally listened to me,” Trump said. “He’s about four years late.”
I guess US consumers will continue to get priced gouged in domestic cars.
“Biden finally listened to me,” Trump said. “He’s about four years late.”
Checkmate
🤣Bahahaahahahaa 'Murican Pride .... guess the 10%envelope for the Big Guy came in from Big Oil before the election .....'Murica says Chinese EVs are the new Luxury item 🤣 'Muricans ... we can afford to pay 100% more than we should and fund all the Foreign Policy blunders that just keep rolling ......No one else does it like we do.
Already 25 percent on China cars… even more? I guess the middle class will miss out. More expensive Amazon oh well.
Won't that add to inflation
a blow to the poor who will be more poorer
Does anyone remember The Animatrix - The Second Renaissance? Go watch it again
Another tax on the poor. Have a low income person pick 4 items in their residence that are the most used or prized. Guaranteed there will be a made in China tag on most, if not all of those items. The wealthy might not buy much in Chinese products, but the poor have little choice. This tariff will cause no harm to China, only more unneeded pain to the poor in the USA. Another bold move in removing himself from office. What is the thinking there?
In 2020 JoeK said "China's goin' eat our lunch? C'mon man!"
The plan was to go all green asap!! What happened???
The USA 😂😂😂😂
Who wants to see Biden, Harris, Newsom, Adams, Hochul, Bragg, James, Willis, Schumer out of office, impeached, prosecuted.?.?
Only DJT-loving American fools like you. White Christian nationalist fool. Hyuck hyuck, drive your giant truck.
*FREE BIBLE STUDY* 📕✏️ Once the great tribulation starts, all Bible studies and visits will be canceled.
I smell loser 😂😂😂😂😂😂
Borders only for trade, not for free loading immigrants
Another deluded commenter who doesn't know the first thing about the essential contributions that many millions of migrants make to the American economy. Without them, the country would collapse.
This is how China went from rich to poor!
😂
You mean America right 😅 who is paying? Amazon prices are already higher than ever, my made in USA taxa cricket camper was 75 percent made in China including aluminum now who is going to pay? Econ 101.
@@edwardlaw797 I was referring to the arrogance of the Qing dynasty that eventually led to the century of humiliation.
China is not exporting EV to us I don’t think they care… but I am afraid of a pricing war because we the consumer suffers on both sides. Tariff works if we have the capacity to produce and grow, we are lazy today just got a blown tire from a pothole fixed to be a speed bump crater combo :)
What can we make today? Is there anything we make truly made in USA? We assemble stuff today!