Biden quadruples import tariffs on Chinese EVs • FRANCE 24 English

US President Joe Biden has announced a raft of new tariffs on some 18 billion dollars worth of Chinese goods, including quadrupling the border tax on electric cars. The White House says the measures are carefully targeted at strategic sectors to protect American companies from unfair trade practices. Beijing has strongly criticised the move.
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Пікірлер: 74

  • @TheKkpop1
    @TheKkpop114 күн бұрын

    It's fueling inflation to a higher level in America. It's the tax payers who pay for taxes.

  • @coldstorage6928
    @coldstorage692813 күн бұрын

    If china did the same thing to tesla we would not hear the end of it.

  • @fatdoi003

    @fatdoi003

    13 күн бұрын

    china will buy out tesla to become a chinese company

  • @arghost9798
    @arghost979814 күн бұрын

    Cheap and reliable goods is always a nightmare for US market.

  • @icu17siberia

    @icu17siberia

    14 күн бұрын

    Chinse products in the US are known to last 3 years unless they are made to US specifications. Good thing china is "free" and "sovereign" and doesn't care about the US market though

  • @user-ni5gt4wm8e

    @user-ni5gt4wm8e

    14 күн бұрын

    Surely Mr. Ghost, you must be joking when you suggest Chinese goods as reliable.

  • @gtr5860

    @gtr5860

    14 күн бұрын

    reliable 😂

  • @stevenyu5384

    @stevenyu5384

    14 күн бұрын

    @@user-ni5gt4wm8eyes, reliable. Name one manufactured item that U.S. makes that is more reliable than China made? Boeing airplanes? Bottom line, why punish American consumers because Biden wants to win Michigan?

  • @fatdoi003

    @fatdoi003

    13 күн бұрын

    @@user-ni5gt4wm8e depends on what quality your importers want to sell you....

  • @Yochemm
    @Yochemm14 күн бұрын

    Why sell a € 10.000,- car, when the public also want to pay € 30.000,=!! Do you know what a CEO costs?

  • @getcake8680

    @getcake8680

    14 күн бұрын

    U don't understand. Chinese gov funds their car companies so that they can export their cars with a loss and if you do that long enough US car industry can't keep up and dies. then China has immense leverage over US. They do this in many different export areas. Note that generally Gov funding of export companies is seen as unfair and uncompetitive. Taxing those companies is self defence.

  • @davidwolf8991

    @davidwolf8991

    13 күн бұрын

    Yes, exactly because we all know that CEOs get paid with taxes and tariffs.

  • @MSDGroup-ez6zk

    @MSDGroup-ez6zk

    13 күн бұрын

    @@davidwolf8991 90% of USA RRP is for its CEOs. That's why Boeing preferred to use glue to stick its windows just to pay its CEO.

  • @brianlowe3529
    @brianlowe352914 күн бұрын

    So be it China will find other markets. Global south

  • @PeterSedesse

    @PeterSedesse

    14 күн бұрын

    yeah. check out the average salary in China, India, South Africa and Brazil. It i less than 1/10th that of the USA and EU.

  • @fatdoi003

    @fatdoi003

    13 күн бұрын

    @@PeterSedesse US$ soon will not worth the paper it's printed on....

  • @PeterSedesse

    @PeterSedesse

    13 күн бұрын

    @@fatdoi003 really? You do realize it is China whose currency has been tanking the last 3 years. The US dollar continues to hold steady. You can Google and see the charts.

  • @fatdoi003

    @fatdoi003

    13 күн бұрын

    @@PeterSedesse us$ holding steady? u.s treasury printer been running non stop for years.

  • @PeterSedesse

    @PeterSedesse

    13 күн бұрын

    @@fatdoi003 there is no proof of that. US inflation is lower than almost every G20 country. The US dollar is holding value against every major currency. You can say whatever you want, but the proof is in the charts. Chinese and Russians currencies are down big time compared to the usd

  • @NThomas-xj7bj
    @NThomas-xj7bj13 күн бұрын

    Seems like a good idea for those wanting Americans to walk more to improve their health and for those who want free public transportation to decrease pollution.

  • @happymelon7129
    @happymelon712914 күн бұрын

    Are any Chinese cars sold in the US? No.” executive analyst Karl Brauer to explain the current status of Chinese car imports and their prospects for the future. Currently, there are no Chinese-branded cars for sale in the United States.18 Mar 2024

  • @fatdoi003

    @fatdoi003

    13 күн бұрын

    Volvo, Polestar

  • @fatdoi003
    @fatdoi00313 күн бұрын

    subsidies to Intel, AMD? tax break to Boeing? forgotten loans to GM, Ford?

  • @MSDGroup-ez6zk

    @MSDGroup-ez6zk

    13 күн бұрын

    Yeah the USA will do what A1PAC said.

  • @happymelon7129
    @happymelon712914 күн бұрын

    Germany is very worry , their car has Big proportion of Chinese parts ? ~~ 46% Chinese content, 39% Germany. -- The motor and transmission are made in Germany.

  • 13 күн бұрын

    It's only electric vehicles.

  • @polysporin8332
    @polysporin833214 күн бұрын

    The US car companies were already on their way out of the Chinese market. This would put the final nail in the coffin ⚰️ for Ford, Chrysler and GM.

  • @kaimanyu586

    @kaimanyu586

    14 күн бұрын

    GM and probably other US car manufacturers too, have sold more cars in China than in the US for more than a decade.. The irony of accusing China of overcapacity... The US remains the king of hypocrisy, its quite sad to be so obviously dishonorable...

  • 13 күн бұрын

    Chinese don't buy many cars, especially American cars. The USA is the largest buyer of American cars.

  • @JeffreySmith7777
    @JeffreySmith777713 күн бұрын

    "There is no inflation!!!" Joey Cannibals Biden 😅

  • @calvinang1
    @calvinang113 күн бұрын

    Fact of the matter is, the US doesn’t have the necessary EV charging infrastructure in place. The US has only 68k EV charging points as opposed to 1.8mil in China despite being geographically similar in size. Don’t think the tariff has any consequences to China except being an election talking point for the current administration. But judging from the angry response in the comment section, that strategy might back fire. Remains to be seen.

  • @xiao-rongpeng9804
    @xiao-rongpeng980412 күн бұрын

    If one buys a Tesla in China, one also get tax benifit

  • @icu17siberia
    @icu17siberia14 күн бұрын

    The overriding question everyone should ask is, why does China even need the US market, or care, given the size of its population?

  • @cousinsgrimm7952

    @cousinsgrimm7952

    14 күн бұрын

    Same with American makers selling cars outside the US. Free global market

  • @gtr5860

    @gtr5860

    14 күн бұрын

    purchasing power..

  • @happymelon7129

    @happymelon7129

    14 күн бұрын

    % of the cars produced are exported. Germany: 75% South Korea: 70% Japan: 50% China: 15% U$ : China has overcapacity.

  • @PeterSedesse

    @PeterSedesse

    14 күн бұрын

    Is that a joke? The average salary is less than $500/month. The average US salary is $6000/month. Yeah, they have a billion people, but they are largely very poor. China has failed to create a significant middle-class, instead they allowed western companies, and chinese companie to treat the workforce like slaves.

  • @Drew776655

    @Drew776655

    14 күн бұрын

    You're right. They don't. So stop crying when we shut China out.

  • @grahamkearnon6682
    @grahamkearnon668214 күн бұрын

    Oh dear, on the EV front what will happen is better, cleverer, longer range and above all far cheaper chinese cars will appear everywhere. The American customer will want them as opposed to the expensive, US offerings, yes even Tesla is too expensive. Tarrifs on import trucks decades ago meant the big 3 just sat on their hands on development while poxketing billions.

  • @icu17siberia

    @icu17siberia

    14 күн бұрын

    Chinese vehicles have never sold well in the US anyway.

  • @happymelon7129
    @happymelon712914 күн бұрын

    lost compete ... 2024-5-14 Honda Motor asks 1,700 Chinese employees to voluntarily resign

  • @philipwong895
    @philipwong89510 күн бұрын

    These tariffs are transitory just like Yellens's inflation. When the US buyer imports goods subject to tariffs from China, they pay the tariff to the US government. This cost and any markup are typically passed on to the end consumer, meaning consumers ultimately bear the burden of tariffs through higher prices. The Chinese seller, however, does not directly pay the tariff; the importer in the US bears that responsibility. China does not suffer the consequences of tariffs. The US consumers are being punished by having to pay higher prices. In 2012, President Obama, as part of his plan to double the U.S. share of the world's solar panels from 5% to 10%, imposed tariffs of up to 249% on solar imports from China. In response, China retaliated by imposing import restrictions on polysilicon from the U.S. At the time, the U.S. held a 50% share of the global polysilicon market, but this has since dropped to under 4%. The U.S. share of the world's solar panels has dropped to under 2%. China has promised to retaliate just as strongly in response to any new tariffs.

  • @AnthonyCarroll-ue3uv
    @AnthonyCarroll-ue3uv14 күн бұрын

    His green dealy is looking a little floppy.

  • @fakoneuwyong
    @fakoneuwyong14 күн бұрын

    Amazing😮, like other western countries, Biden administration so smart. No doubt guys, both Trump or Biden are the best.

  • @XKS99
    @XKS9914 күн бұрын

    This is good because he can save his union buddies jobs and hurt Tesla and Musk in one stroke.

  • @Chatterbox_001
    @Chatterbox_00113 күн бұрын

    Terminator reload

  • @godwino1466
    @godwino146614 күн бұрын

    Who actually pay for the tarrif? The consumer. The truth is the high tarrif will make the Chinese company improve product quality and reliability. Which will give the Chinese company to compete in other part of the world with easy. Americans don't even drive American made cars. Why? Product overhead is high, with poor product quality, and lacks user friendly replacement parts. Tarrif is not the solution.

  • @araara4746

    @araara4746

    14 күн бұрын

    Agree. The tariff is like turn Chinese EV into unaffodable luxury car for americans.

  • @user-ne8yi1io4h
    @user-ne8yi1io4h14 күн бұрын

    The unilateral rules debased disorder runs the same tricks..😂😂😂

  • @ChadBlevins
    @ChadBlevins14 күн бұрын

    Better than the alternative, but still not good. Trump is calling for an even MORE INFLATIONARY and less nuanced tariff policy. #VoteBlue it's better than orange.

  • @icu17siberia

    @icu17siberia

    14 күн бұрын

    With Chinese economy booming, where would they get the cars to ship to the US? I thought they were popular?

  • @happymelon7129

    @happymelon7129

    13 күн бұрын

    @@icu17siberia % of the cars produced are exported. Germany: 75% South Korea: 70% Japan: 50% China: 15% U$ : China has overcapacity.

  • @tomhenry897
    @tomhenry89714 күн бұрын

    Yet called a trump a racist

  • @PhillipGibbon
    @PhillipGibbon13 күн бұрын

    😂😂😂😂 🤡 the West loves free market's and competition 😂😂😂😂

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