The new tariffs levied by Biden are designed to sound tough, without upsetting China
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- Опубліковано 17 тра 2024
- A line-by-line analysis of the new tariffs unveiled by the Biden Administration suggests that they were carefully designed to seem tougher than they really are.
Pennsylvania, Michigan, and Wisconsin are Midwestern swing states that will largely determine the winner of November's elections, and harsh new trade policies on China are favored by voters in all three. But Biden can ill afford any new policies that make inflation worse, let alone a full-blown trade war.
The tariffs on Electric Vehicles and lithium batteries were widely expected, but Chinese aren't selling EV's in the US yet. For other products, the trade volumes are too low to affect much, as Chinese manufacturers have already moved supply chains for them to Chinese factories outside Mainland China. On others, the tariffs don't even kick in until 2025 or 2026.
Resources and links:
FACT SHEET: President Biden Takes Action to Protect American Workers and Businesses from China’s Unfair Trade Practices www.whitehouse.gov/briefing-r...
New York Times, Trump Leads in 5 Key States, as Young and Nonwhite Voters Express Discontent With Biden www.nytimes.com/2024/05/13/us...
Bloomberg, Biden’s Gains Against Trump Vanish on Deep Economic Pessimism, Poll Shows www.bloomberg.com/news/articl...
South China Morning Post, Biden says new China tariffs are needed to protect US industries from companies subsidised by Beijing www.scmp.com/news/china/diplo... - Наука та технологія
It's sad that the US citizens still believe there's a difference who they vote for.
Just like in China and Europe, then, lmao.
Americans are gullible and navie by their politicians propaganda.
Between a rock and a hard place. Is there no other way?! 😢
Says the clown on here probably vpn hopping to defend Xi a man that is serving his 3rd term lmao do you idiots ever hear yourselves!?
The shadow government of you-know-who , is the real administration.
America is a joke ...
It's a whole 🤡 show.
Legalized bribery aka "lobbying" made it a joke, since the days of Rockefeller and Carnegie..
Many mad chinse here, hahaha
Lots of mad chinese here
@@Jeff.55649 There are even more mad un- educated people like you. 😂😂😂
isn't it funny and sad that the US Government, no matter who it is, believes it is important to look tough as opposed to, say, looking rational.
Howdy US style. 😂
Americans can only understand binary ideas: tough/soft. Black/white.
How about being rational rather than looking rational....Hollywood had such a bad affect on Bidens generation....absurd little man😂😂
@@othmanmajid6380要知道特朗普時期對中國貿易限制的時候拜登可是反對這樣做的。看看現在，所謂的美國總統只不過是台上的小丑而已。
As time goes on, and the threats to China continue, I'm feeling less and less sad, and finding it more and more funny, with very little sympathy for the sorry state USA is in.
US is tiny part on worlds scale tarifs wont change nothing,,China has 150 other countries to sell trade with 😊
The least.., China sincerely decide to do the best for the American peoples. Well..., their Gov blew it..! 🤷🏻♂️ Fortunately, not the rest of the World. 👌🇨🇳👍
U$ barks, but the chinese caravan moves on.
If they stop trading with the US this very minute, there will be shortagess in the groceries, department stores and Amazon. There'll probably be riots due to the ensuing price increases and shortages.
Amusing baloney
There are only 3 markets large enough to potentially satisfy China's manufacturing capacity... The EU, the US and China itself.
China's consumers aren't buying because of how bad China's economy is. The EU allows Chinese imports but is stunned and repulsed by the massive numbers of EVs that suddenly showed up in ports. China isn't yet allowed to sell EVs in quantity in the US but after seeing what's happening in Europe isn't likely going to change import barriers.
@@tonysu8860 According to a couple of recent asiatimes articles China already trades more with the so-called global south as with the so-called global north. Not necessarily disagreeing completely with you, but the world has changed and more nuance in required for full understanding.
Where I live in the Third World saying you will raise tariffs from 25% to 100% is a sure fire way to lose the election.
You mean the so-called third world. It's the UK, US, and EU that are the real third world today. Look at what's going on, omg. Government and leadership tend to be more held to account in the Global South than in the West today where politicians don't give a dang about the people but instead pander to their big corp special interests.
but in USA you get the vote 😅Murica🤣
Yeah, because in a sane world, everyone knows it will be the consumers who will suffer. But does the American elite even care?
@@rixingchen8753 The Americans enjoy kicking their own asses.
@@rixingchen8753 Average American IQ from dropped from 100 to 92 in the last three decades ...conditioned by the 1%'s control of news and social media !
Such incompetent governance.
How would a high IQ individual like you deal with it?
Loud mouth instead of merit !
@@etow8034
Man, you people are being too harsh on China.
@@jaydee6268 Who said anything about China ...you holler dweller !
tariffs are another way to taxes their own citizens ,the americans choose to vote for the broken system and blame father ,blame mother but not blame themselves
These tariffs sound aggressive and daring. But, once you go into details, you realize the US is very much screwed😅
Who ever is the US president will do the same. Regardless.
😁😁😁
Irrespective of whether America is screwed or not the bizarre antics of its presidential election cycle are downright theatrical and subversive/disruptive to the overall development of global trade. Americans. should censure their idiotic politicians for fooling around to safeguard their own selfish interests.
@@chongdi6140 Yeah, a huge wast of resources that would have been used for better purposes
No enemy=No wars
even with the tariffs, Made in China is still very competitive.
No .... with tariff it is no longer competitive.
But China manufacturers have to shift their production to a foreign countries to avoid the tariffs.
The only problem is the American people loss is the American government gains! And tremendously!! 😢
@Dollarrmb-pk6ub really, check the BUS seal EV sold in china 9000US$,after100% tariffs 18000, this price is still competitive in US market. By the way, similar Ev car made by GM sold in US is about 35000US$.
@@davidwoon6402 *US Oligarchs
@@Dollarrmb-pk6ubyou are just as deluded as those fools....
Sober perspective. Thank you Kevin. Be good as well.
It is not that Chinese aren't selling EV's in the US yet. It is the U.S. that banned Chinese EV's in the American market in the first place. And they announced 100% tariffs while the ban is still in effect. How ridiculous is that?
So you'd let a large number if EVs be sold in the US without an inadequate charging network?
Imagine cheering for more taxes.
I don't mind paying taxes if it goes to helping the country to grow, increase efficiency, put roofs over people's heads, food on the table, education for children.
But that's not what the US government do.
@@gelinrefira these aren't taxes, these are the foundations of economic failure, a trade war will only lead to a price war, and there isn't a single industry we can be competitive at bcos of labour and regulations
according to trump - china is paying for it - he tells the american people this every chance he gets - it's amazing how he gets away with it - and now biden is doing the same thing
Welcome to the great wall of the US!
It's a wall ain't it? Can't see it physically but it's there, great wall of "UNcooperation & UNpeace"
Not what is good for America, but what is good for politics. No wonder the US is headed south, its all smoke and mirrors.
Voting either candidate would not change the fate of the US
❤❤❤Kevin, thank you… that’s a lot of work put into this. Unfortunately, we the people have not good choices.. we are trapped in an extremely corrupt, rigged, failed system.. sad indeed, we are destined to fail as a “competitive” nation😳🇺🇸😨
Election year never fails to bring out the best bull$hitters of bull$hitting bull$hit...
It is the best tool for any US presidents to win vote. Just look at the history
鬥牛士？它們只能是鬥牛。😂
I stumbled on this channel today......I think this is going to be my go to channel for news.
Depressing thing is why isn’t this kind of information more widely dispersed within the U.S. (or EU) so voters know. Mass media’s information control and manipulation is truly sickening.
The info is there, obviously, just people are under no obligation to be informed before voting.
You're the one who really loves America.
doesnt appear to be democray if only some states swing.
Just as long the voters felt it is . Than it is democracy.
Democracy can comes in many forms. Including DICTATORSHIP.
@@Dollarrmb-pk6ubit ain't China or Russia dictating to Africa to accept western lgbtq+ "values" or else get sanctioned and they did lol😂
@@Dollarrmb-pk6ub The for most people, democracy is a religion, they are born into it or choose to believe it and always vote for one party regardless of policy or success in governing.,
Maybe because through a long time, the swing states change, so everyone has a chance in theory…😢
Keeping face is more important than running the country. 😂
Everyone knows USA has not imported any Chinese EVs so the tarrifs do not do any real harm. I still do not understand why americans do not rise up against their government yet. Sad to see americans are so timid.
They are deliberately kept poor. Prof Richard wolf says wages have not risen since 70s while everything else exploded in price. Keep them poor, keep them entertained. The tried and true Roman empire trick. They don't have time to go protest as missing just one day of work could make them starve.
They usually only enter the fray when they have to eg. Pearl Harbour or are certain of victory eg. Grenada. The last time the people put on anything resembling an uprising was the anti war demonstrations that led to the withdrawal from Vietnam.....since that time the media have always been embedded with the military.❤😂
紅脖子只不過是拿著大槍的女孩而已。😂
They put the 100% tarrif so no cars will be imported to the US. It'll be funny, every body else will be driving cheap EVs and americans will have to do with their expensive ICE and Tesla cars. They'll be looking with envy at their neighbors (Canada and Mexico) driving very cheap cars.
Americans love to pay more😂
How did Trump,s trade war with China ended during his presidency 🤣🤣
The high inflation that Americans are living with right now.
4 years of clowning and turning the White House into a Circus! 🤡🎪🤡
Joe Biden continue with the trade wars.
Infact Joe Biden said during his election that he would remove the trade tariff if he wins. But he didn't. It was political correct thing to do .
@@sinic1978Americans are a kind fantic about election. They are very passionate and lunatic about their desire president candidate.
Knowing very well that inflation will not go away even they have their choice. But during Trump administration they had received free money.😅😅😅😅😊
He said trade war is easy to win! He was right, China won!
Thanks for sharing and surfacing the truth. 👏👍
Sadly the truth is not going to change a bit in the real world.😢
Laughable Battle of two men in the grave
Great analysis with data showing what it really means in terms of before and after is something other UA-cam commentators did not even mention preferring to react to the click baiting headlines. That what I like about your videos. Keep doing it!
Both presidential candidates are a disaster. Where are all the smart, intelligent, eloquent, young, capable leaders in US???😅
Maybe there is none?
Americans choose not to have one?
Corporate do not want someone smart that they can’t tame or puppet?
😂😅
there is many youngers in each government levels, the question is how to make them stick out
Operation ClippedPaper
China took them, ameriKKKans only have TikTok and money printer
They all returned to Asia😂
No matter how smart American is. Once they become the president, they have to behave and act stupid. It is the political elites that runs the government.
Yes, performance theater. 👍
country with the largest trade deficit imposes sanctions on country with the largest trade surplus. 🤔
Typical west , all sounds but no actions ! 😊
Basically putting tariffs on items we need for the future industries we are trying to build and be competitive in. How smart, they are. It's a clown show.
China 🏆🎊🎉
voting for either Trump or Biden is like voting for either Jackill or Hyde. Two faces of the same old rusty ugly coin.
2 cheeks of the same backside as George Galloway would say.
@@AnnieT369 2 cheeks of the same bottom? the one on the middle is the @sshole? LOL
You know the Chinese story about the apes getting 4 peanuts on the morning and 4 in the evening?
😂😂😂😂😂😂😂😂😂😂😂
4 in the morning, or 4 in the evening?
The county is ruled by a bitter old man.
Nice video and presentation.
If next import does not slow down then where do the tariff money end up?
I think you are one of the most informed and rational news commentators in us-China affairs
Thanks Kevin
Thank you for the info
Whatever tariffs imposed will inflate prices and American consumers have to pay the higher bills.
Businesses around the world are not stupid and can make more profits as the US cuts away its biggest direct supplier.
Talking about quay cranes, it was a joke when the longshoremen's representative thumb the table when a Chinese shipping company proposed to the Governor of Maryland's regarding Delaware Port (?) that ZPMC could build a crane to lift 8 TEUs at one time!! No way! each box must be lifted individually and must be touched by 4 longshoremen, otherwise the box would not be moved!!
Rakyat Amerika harus membebaskan diri dari penjajahan pajak oleh pemerintahan mereka.
Chinese companies will simply diversify their customer base for Chinese made products and supply the US with products from countries like Vietnam.
American politicians making their citizens pay more for cars and other stuff, so funny
And they get cheers..
Thanks Kevin! Another very informative analysis -- positively replaces an hour of Bloomberg Business or CNBC.
The mob sadly chose two old man.
你想坐在敞篷車裡腦袋開花？🧐
It seems like America has lost the ability to be competitive, and now relies on sanctions and tariffs to try to maintain its position in the world. It's really a shame, because such measures just won't work.
Your rather new to US history it seems.
@@jaydee6268 Well, we used tariffs for a long time instead of income tax. But not so much in the post WW2 period. They are a form of taxation, after all. Whether these tariffs will encourage re-industrialization of the US is very questionable. I guess we'll see how much revenue they generate.
Average people getting the middle finger every time. The prices of new cars are obscene.
Interesting update information thank you , let’s celebrate .🎉
Regarding #11. Unfortunately, the unions are holding back American efficiency and productivity.
Like to see 100% across the board tariff on everything from China.
Enjoy your technological ghetto...🤣
Kevin - you didn't say where your closing scene featured - Tibet or some place in the Himalayas?
An image of the coming US election came to me as I was listening to you - the choice between the Devil & the Deep Blue. Either will get you where you really do not want to go.
BTW, great idea on your short digestible commentaries. Keep it up!
work hard and honesty make you great
There is no medicine for stupidness
be good
Two bulls in the end of this video look delicious!
How could China not upset with the tariffs ?
It benefits them so their complaints are nothing but a ruse.
There's a lot of smart people in the US. But they can't move the needle. This is sad.
In the meantime, KFC will open another 10,000 restaurants to appease the chicken-lovin' Chinese. I'd say we're even.
As at January 2024, Starbuck has 7000 outlets in China. It is planning to have up to 9000 outlets by the end of 2025. This shows China has a "closed" market!!! 😇😝
2026 the magic number🤑
Yet!
thanks for the videos & this very informative channel. just a quick question, is there anything that the US is doing really well in the current on going geopolitical & economic competition with China? it seems to me that all aspects covered so far are on the "china is doing so well, the US is fxxked" side. surely there must be something that the US is doing right while the Chinese are screwed?
the empire is running out of ammunitions against Russia and China. it began with Obama's Pivot to Asia and TPP.
For one: Propaganda, this is where the west is way ahead. Just turn on the tv or read the papers. Constant and unrelenting bashing of Russia and China 24/7/365.
China property market is screwed for now
Is there anything that the U.S.does better than China???
Yes,printing money and waging proxy war.
Wish it’s not true but it is.
i got 1, printing $ (for now)
Let them eat cake for dinner.
Ain't going to happen he'll lose Michigan and even Wisconsin.
The United States is also a one-party state but, with typical American extravagance, they have two of them.
- Julius Nyerere
And that one party is AIPAC.
And that one Party is called the US Constitution.
If we don't ramp up manufacturing we are going to be in serious trouble and a depression.
FIRST 🙏🏼
This just points that even with a command economy the USA is lousy at fighting economic cold wars. At least the USSR was worse and Great Britian handed over a good position after WW2.
It's called political theater from the uniparty...🤡
The U$A & the EU are not the only Countries/Nations that China may trade with. There’s plenty of other Countries/Nations that China may trade with that wants to achieve Net Zero Carbon Neutrality. GO GREEN! GO CHINA ALL THE WAY!👍🙏🐲🐉🐼🌏🇨🇳🙂❗️
The American government has now become that which the original Americans fought their war of independence against. 😢
Hooray to freedom to choose…
Choose between two bad apple
Can't help it. It's all about appeasing an ignorant public for short term electoral gains. That's what politics is about.
I wonder what retaliations China is going to do. What if China puts pressure on US soft spot ? Would inflation spikes ?
US Dollar hegemony. If China increase non USD trading, that will be the end of the expire.
Is it even possible to do effective industrial policy in the US, when somebody else might always be running things 4 years later? FDR managed it, but he also stayed in power for 3 terms and had a World War to justify the spending, so he seems to be the exception that proves the rule.
And … pretend nobody knows it😅 Biden is a joke.
😮
Oligarchy is collapsing in the United States
3:14 Actually there’s another mistake for Number 5: It has the 2022 amount as US$69.9 MILLION and the 2023 amount as US$88.5 BILLION. That’s a heck of a lot more than a 26% increase. Obviously, that’s an error and someone mixed up millions and billions.
Biden forgot about " Build Back Better " already ! A lot of talks & spending , very little in real result !
who care's they both are clowns, show's the people can't thing right, programming works
Q from Sweden... are u open to participate in a Swedish bloggers program?
cell phones will go up
Second?
Dem and Rep are like quarterpounder meal and double burger meal in McDonald.... Yeah...they give you a "choice" 🤤
US should tackle the high living cost. Because unless its addressed, nothing can be done. US minimum wages are wages of managers in most emerging market where the economy is growing. US wont get any share there. Its impossibly expensive for them to buy US stuff.
China russia india whatever, it doesnt matter.
If you understood the long term negative impacts that this is going to have on the American economy? You would not be so certain of yourself. America is WAY behind in the transition. And eventually the embedded costs of their energy structure is going to render the economy non competitive on the global stage.
America is run by a bunch of almost "centurions." IMO, they still maintain a lotbof their draconian policies.
@@seowkhoontan9534 It's because they won't have to clean up the mess in 20 years. Instead they'll all be pushing up the daisies...🤣
The two yaks are likely dyed white as there are very very few albino yaks.
In Tibet white yaks make up about 3-5% of all herds...🙄
Its all politics .
Making the usa car companies union happy .
Smart move by biden
of course, this also meant that American products cannot sell to China as well, oops, most American products are expensive for China and China do not need them. soon, even those American products that is still selling to China will be hit for sure, as can be seen, China do not retaliate immediately, they will do when they had done all proper due diligence. since thanks to the sanctions, China is going big in semiconductors, it will be very likely that mature nodes chips will no longer be allowed to be sold in China. China is waiting for after the election to see how long the dagger should be.
Great content. But - a crazy-making, incomprehensible voice in the background? Come on, these ‘prayers’ are completely dysfunctional. If you want to pray do it at the end and at a volume where the words can be heard. Why pray by stealth? Either do it properly or don’t…
Hopefully, trump makes it 100% on everything!
EV tariff is real. The Chinese want to enter the us market
There are cars from japan and Europe ,,which are electric so tesla is not winning on that front.
Not USA,in coming 10 years young populations growth will be the main issue for china
China should not underestimate this issue like Japan South Korea.
LOL and you think U$ don't have similar problems?
I think it would be better that each govt worry more about their own problems. China will do what China sees fit, perhaps U$ led west should do the same, rather than obsessed about China's problems and continue to lecture others on matters they are so bad at.
...and who is leading the world in robotics and automation...🙄
Election year is always fun because US politicians start to pretend to care without actually rocking the boat. There will be no long term planning in sight, quick wins only😂
Pretty genius move though, i must say. I think China prefers a Biden win as Trump is always a wild card; so it will go along with the theatre.
The moment God is shut from the classroom, the writing is on the wall. "Nobody, nowhere, no how, no thing can be excluded from God's mercy - unless we ourselves are unwilling to accept it."
But will the Chinese be polite and wait till 2026 ? Would you , if your aggressive angry competitor is saying just wait till my new gun arrives from China ; then you'll be real sorry !
That’s the question, will Taiwan become stronger or weaker? This apparently will dictate China’s timeline.