Trump’s vs. Biden’s Plans to Prevent Another ‘China Shock’ | WSJ

President Joe Biden and former President Donald Trump disagree on just about everything, except for China. Both have taken measures to institute greater trade barriers with Beijing to help boost employment and production domestically, although economists point out key differences in their plans.
WSJ looks at the 2024 presidential election candidates’ different trade strategies with China and how they could affect U.S. consumers.
Chapters:
0:00 Tariffs on China
0:44 What happened to free trade?
2:17 Trump vs. Biden
4:38 Where do the costs go?
5:44 China’s response
6:17 What’s next?
News Explainers
Some days the high-speed news cycle can bring more questions than answers. WSJ’s news explainers break down the day's biggest stories into bite-size pieces to help you make sense of the news.
#China #Election #WSJ

Пікірлер: 662

  • @wsj
    @wsj4 күн бұрын

    In rare rebuke, U.S. ambassador accuses China of undermining diplomacy: on.wsj.com/4eFBQFu

  • @hokroeger

    @hokroeger

    3 күн бұрын

    USA: "China, you have to do this and that, if not, we will destroy you!" China: "Can't we have diplomatic talk about the issue?" USA: "You are undermining diplomacy!"

  • @monipenny408

    @monipenny408

    3 күн бұрын

    LOL how pathetic can you get. U$A is in no position to judge others. U$ is funding the ga zan ge no side even today.

  • @tianli2253

    @tianli2253

    3 күн бұрын

    谁也别说谁

  • @Aaqe

    @Aaqe

    2 күн бұрын

    @@tianli2253 This is the motto of Trump's paid cult: Make America Grow Apart

  • @geoff9858

    @geoff9858

    2 күн бұрын

    USA has lost it's credibility..

  • @kylethomas8655
    @kylethomas86554 күн бұрын

    Its weird that we changed the rules bc we forgot how to compete

  • @AlejandroPikoulasPlata

    @AlejandroPikoulasPlata

    4 күн бұрын

    Underrated comment.

  • @abdiganiaden

    @abdiganiaden

    3 күн бұрын

    The competition is just starting, there was barely any competition

  • @user-ld2qs4kv9o

    @user-ld2qs4kv9o

    3 күн бұрын

    我是学历史的,现在的中国就和二战时期的美国差不多,上世纪70年代,正是冷战最激烈的时候。在苏攻美守的大背景下,美国陷入石油危机和金融危机以及越战泥潭之中,最后美国找到了一个新的增长点,就是中国,也就是那个时候中美合作了。随着中国改革开放,大批日本,德国等国的制造业转移到中国,美国在见识到中国可以帮它创造巨大利润后也将制造业转移中国。其实美国有很多次机会可以一劳永逸的解决中国,但是舍不得利润,最后照就了今天的中国。我可以非常负责任的告诉你,美国赢不了中国,因为当今世界的体系是美国建立的,但是中国是拿了最多发展红利的。如果你们继续这套体系,中国会慢慢超过你取代你,如果你们破坏自己创造的这套体系,你们会和苏联一样崩溃解体。要怪就怪你们美国的政客,他们的贪婪造就了今天的局面。

  • @abdiganiaden

    @abdiganiaden

    3 күн бұрын

    @@user-ld2qs4kv9o The US is energy independent, food independent and has large consumer base to be self sustaining For China if Iran and KSI go at it then no energy, Russia required decades of pipelines being built and they are haggling over who will pay for pipelines before any profit can be made for decades to come This is all before demographics and old age hits planet earth like never before seen

  • @TheSpartan3669

    @TheSpartan3669

    3 күн бұрын

    It's arguably a national security concern. Letting our domestic car manufacturers die off will result in an over-reliance on Chinese vehicles, which would give an adversary great leverage over us since vehicles are so integral to our economy.

  • @Dara-wk5ty
    @Dara-wk5ty4 күн бұрын

    It's so strange how the US assumed that China will continue to be their manufacturing hub for cheap labour and not strive to become like the US

  • @joelwillis2043

    @joelwillis2043

    4 күн бұрын

    China has already exported their manufacturing. I have no idea what you are talking about.

  • @kylethomas8655

    @kylethomas8655

    4 күн бұрын

    Extremely strange indeed

  • @JYYP-jz7qq

    @JYYP-jz7qq

    4 күн бұрын

    they already did - turning Africa, Mexico and other south american countries into their chinas.

  • @walhdamaskus2408

    @walhdamaskus2408

    4 күн бұрын

    ​@@joelwillis2043, chinese exports their manufactories outside china, just like what american done. So why american still crying. 😂

  • @joelwillis2043

    @joelwillis2043

    4 күн бұрын

    @@walhdamaskus2408 they arent crying

  • @jusephcooper8971
    @jusephcooper89712 күн бұрын

    For American politicians, it is always easier to find a scapegoat than to solve the problem.

  • @ipdavid1043

    @ipdavid1043

    18 сағат бұрын

    u are correct❤

  • @StormbringerI

    @StormbringerI

    10 сағат бұрын

    It's not exclusive to American politicians

  • @Stotinkica

    @Stotinkica

    6 сағат бұрын

    It's the same with Serbian politicians. Maybe it's the same with all politicians?

  • @bluemoon6559

    @bluemoon6559

    4 сағат бұрын

    They are trying to solve the problem. Otherwise later on, everyone in the world will be required to speak Chinese.

  • @voidvector
    @voidvector4 күн бұрын

    PlayStation 4 used to cost $1845 in Brazil because of tariff. Did that help any Brazilian console makers? The govt needs to do more than just tariff if they want to help their local companies. Politicians should be required to go to school to take classes on Industrial Policies. Even subsidies has its own limits, it has diminishing returns.

  • @mjmf1430
    @mjmf14302 күн бұрын

    You win a race not by slowing down or locking up your opponents, but by making yourself stronger and faster.

  • @user-vt6sl3hm9k
    @user-vt6sl3hm9k3 күн бұрын

    Unfairly low prices? ROFL!!!

  • @user-ij7jy1wv9b

    @user-ij7jy1wv9b

    2 күн бұрын

    都是中国人的错,他们用工业入侵的方式杀死美国的企业,现在用令人震惊的低价屠杀美国汽车企业,中国人太可恶了,所以为了阻止中国人的邪恶计划,英明的美利坚大总统要加关税,要加200%,不!300%。

  • @lexbraxman9270
    @lexbraxman92704 күн бұрын

    Our politicians act like these tariffs and strategies won't be countered by China's own economic tariffs and strategies. Such foolishness.

  • @barakomamba

    @barakomamba

    2 күн бұрын

    America is the embodiment of "Do as we say, not as we do".

  • @chrisfletcher86

    @chrisfletcher86

    2 күн бұрын

    What this report doesn't say, is that China itself has always had high barriers for foreign companies wanting to sell their goods in China. Blocks, bans, tariffs, requirements to setup local production facilities and share trade secrets. They were supposed to remove these when they jointed the WTO but never did. The trouble is now they're in the WTO the only leverage the USA has is to do the same

  • @MasterX-shinobi
    @MasterX-shinobi4 күн бұрын

    So whoever gets elected, life is going to be harder for the average Americans.

  • @monipenny408

    @monipenny408

    3 күн бұрын

    this is called "freedom and democracy"

  • @Countrycashflow

    @Countrycashflow

    3 күн бұрын

    Invest in retail before it’s too late late

  • @Serolfarim1

    @Serolfarim1

    3 күн бұрын

    China is finished.

  • @DC-qn4wz

    @DC-qn4wz

    3 күн бұрын

    🤣🤣🤣🤣

  • @jimliu2560

    @jimliu2560

    3 күн бұрын

    @@Countrycashflow Which area of retail should we invest?

  • @Ex-expat
    @Ex-expat4 күн бұрын

    Insane strategy for both USA an the EU. Import what is cheap, build where you are competitive. If we want to have a chance to stay competitive we need to innovate!

  • @guardianoffire8814

    @guardianoffire8814

    3 күн бұрын

    The approach won't be effective as China aims to handle everything from affordable products to advanced manufacturing, while expecting the rest of the world to supply raw resources. This strategy is not viable for the West, particularly Europe, which has fewer untapped natural resources compared to the Russian Federation.

  • @huckleberryfinn6578

    @huckleberryfinn6578

    3 күн бұрын

    @@guardianoffire8814 This strategy is not only not viable for US or EU, but also for most of other countries, even in the BRICS. They are competing with Brazil, South Africa and even Russia. They don't even let the Russian industry export their manufactured stuff to China, but only buy their cheap resources.

  • @johngalt3940

    @johngalt3940

    3 күн бұрын

    Chinese government is subsiding every industry with the goal of dominating the market.

  • @nesseihtgnay9419

    @nesseihtgnay9419

    3 күн бұрын

    the US are the innovators, china only steal American IP

  • @bosun6313

    @bosun6313

    3 күн бұрын

    @@guardianoffire8814do you mean China want to act as EU and US have done since many years ago? So people from developed countries have no way to became rich?

  • @MCMZ679
    @MCMZ6794 күн бұрын

    I will punish you by… paying higher price for the same goods. Joke aside, even if China is not producing these products, how much of it will go to US instead of India/Europe/Japan etc?

  • @donttryitjohn364

    @donttryitjohn364

    4 күн бұрын

    Completely missing the point. China is an adversary and being reliant on your adversaries to produce everything that goes into your economy is a very bad idea.

  • @heyaisdabomb

    @heyaisdabomb

    4 күн бұрын

    None, it's too expensive to manufacture here.

  • @R88ZY

    @R88ZY

    3 күн бұрын

    FYI, US imports from Mexico/SEA surged after the heavy tariff on China, while China's exports to Mexico/SEA surged.

  • @user-wz8hp2ix9f

    @user-wz8hp2ix9f

    3 күн бұрын

    @@heyaisdabombProbably most Americans have not realized the step ahead.

  • @BigBoiiLeem

    @BigBoiiLeem

    3 күн бұрын

    Honestly, even if a lot of this production does go to the places you listed instead of the US, that still works in the US's interest. At the moment, they're terrified of losing their economic primacy to China, so anything they can do to slow that progress is something they'll consider.

  • @heyaisdabomb
    @heyaisdabomb4 күн бұрын

    Ford said the cost to produce one of their cars went up on average 12% thanks to the Trump Tariffs. How does this bring manufacturing back to America? Now the workers in these factories need to make 12% more, which again makes the cars more expensive. Then, it's 15% to 20% more expensive for everyone, include other countries. The reality is tariffs are extremely inflationary.

  • @lielakoma

    @lielakoma

    3 күн бұрын

    If tariffs cause manufacturers to switch to a local supplier, it is a net benefit to the economy. As per your example the money for materials no longer just leaves, but instead pays the salaries of steelworkers and miners. Even if supplier remains outside the economy, the tariffs go into the budget to fund social programs. If done correctly, they can be used to reduce inequality and increase the living standard of lower income citizens. But that is a big if.

  • @user-ld2qs4kv9o

    @user-ld2qs4kv9o

    3 күн бұрын

    不要反抗了,打开市场咱一起合作都可以赚钱,无非是我们多赚点,你们少赚点,关闭市场短期有用,长期是有害的。

  • @johngalt3940

    @johngalt3940

    3 күн бұрын

    Workers in ford making 12% more cars would cause prices to decrease.

  • @bosun6313

    @bosun6313

    3 күн бұрын

    @@user-ld2qs4kv9o21世纪土地革命,地主和贫农的阶级斗争避免不了。

  • @jimliu2560

    @jimliu2560

    3 күн бұрын

    USA Manufacturing jobs will go to other developing countries first ….long before ever returning to USA…

  • @kevinjenner9502
    @kevinjenner95024 күн бұрын

    Reuters. 6/25/24. “Philippines seeking US clarification on anti-vax propaganda operation”

  • @leeliu6867

    @leeliu6867

    3 күн бұрын

    What clarity their sugar daddy tested them like test rat

  • @rat2244

    @rat2244

    3 күн бұрын

    @@leeliu6867 You do realize the anti-vax propaganda worked on the idiots of the USA right? This just proves the vaxs were fine, the complete opposite of what anti-vaxxers were whining about. Hilarious that the people claiming sheep were the sheep all along.

  • @jonlew6383
    @jonlew63833 күн бұрын

    Omg ! Both are failures. Historical data repeating. Look at 1980s when japanese car increase and cheaper products !

  • @pyrophobia133

    @pyrophobia133

    Күн бұрын

    Plaza Accord made sure Japan can't win

  • @akinduathauda2028
    @akinduathauda20283 күн бұрын

    "Unfairly cheap prices"? yo America aint you suppossed to be the capitalism chief?

  • @Biga101011

    @Biga101011

    2 күн бұрын

    I'm not an expert, but the general idea is that the government in China has heavily subsidized the manufacturing. This leads to products that are a lower cost than the market would otherwise allow. The US does this too, for a long time with agriculture and more recently with the chips act. To put a little more context the EU is upset with the chips act for the same complaints that have been expressed about China, that it gives American companies an unfair advantage in the market. With all that aside, the US has always been hypocritical and will always attempt to protect its own interests.

  • @rickjames18

    @rickjames18

    Күн бұрын

    You have to do more research before making such comments. China is breaking every rules in the book to dominate industries and that isn't why we gave them a chance. Basically China has been cheating for decades and no one said a thing until now. It is far beyond past due.

  • @yashkumar3196

    @yashkumar3196

    Күн бұрын

    What about the American tech companies like meta ,Amazon, Microsoft etc ,expanding to other countries while they were still not profitable. U call that genius business ideas. Wow hypocrisy wow ​@@Biga101011

  • @joewilliam2259
    @joewilliam22593 күн бұрын

    Consumers pay for tariffs, thus inflation will continue.

  • @monipenny408

    @monipenny408

    3 күн бұрын

    Consumers are the ones paying for tariffs, is a concept far too complex for the ordinary Americans. Don't bother.

  • @NeidlichesSchwert

    @NeidlichesSchwert

    2 күн бұрын

    A teenager's take on how tariffs work.

  • @embracinger3428

    @embracinger3428

    2 күн бұрын

    we have india, vietnam, japan, korea and so on to replace China. In return, they keep buying our government bonds and use dollars for sake of reserve currency.

  • @wildfire9280

    @wildfire9280

    2 күн бұрын

    ⁠@@NeidlichesSchwert Why would a stereotypical teenager know about the economic effects of tariffs?

  • @atlas5653

    @atlas5653

    Күн бұрын

    Tarrifs support local job growth and lead to higher wages. The only people that pay for it are the ultra rich.

  • @CyborgZeta
    @CyborgZeta3 күн бұрын

    I'm no economist, but I imagine the cost of tariffs are passed on to the consumer because the goods that are taxed are still imported. Importers aren't going to stop importing goods from China just because they're more expensive now.

  • @stant7122

    @stant7122

    2 күн бұрын

    The chart in the video shows a decrease of imports since the tariffs have been put in place

  • @BatCountryAdventures

    @BatCountryAdventures

    2 күн бұрын

    There is another graph showing imports from Mexico and SE Asia countries, suggesting that all the only thing that happens was Chinese product changed hands and was then sold to US with markups. ​@@stant7122

  • @just-jeff-watching

    @just-jeff-watching

    2 күн бұрын

    That is correct the price is will increase which means fewer things will be bought and more people will substitute to alternatives such as domestically produced items.

  • @wildfire9280

    @wildfire9280

    2 күн бұрын

    ⁠@@just-jeff-watching If they can afford it and/or actually prefer domestic products. Regardless it isn’t compatible with a free market policy outlook.

  • @joexavier4070

    @joexavier4070

    46 минут бұрын

    ​@@just-jeff-watchingit will also affect us export to other countries

  • @timhK1995
    @timhK19953 күн бұрын

    I’ve never understood the issue Americans take with China dumping EVs and solar panels…. They are essentially subsidizing the transition to green technologies for the world. Sure they will eventually control these key industries but it also leaves them dependent on other countries since they don’t have the domestic capacity to consume everything. Generally specialization and economies of scale offer the best comparative advantage so globally humanity can be better off. Seems short sighted in my opinion

  • @paradoxalJohn

    @paradoxalJohn

    3 күн бұрын

    "Russian gas is cheaper! What is the problem with making our power grid dependent on it? It's in everybody's economic best interest. Russia won't do anything crazy, or else their gas industries would be hurt badly by sanctions!" It's just a plain bad idea to give away key industries to hostile foreign powers.

  • @augustuspetrov7844

    @augustuspetrov7844

    3 күн бұрын

    @@paradoxalJohnthe US is the aggressor here

  • @jimliu2560

    @jimliu2560

    3 күн бұрын

    Maybe those hostile countries wouldn’t be so hostile if USA/West stops “suppressing and controlling” them….

  • @timhK1995

    @timhK1995

    2 күн бұрын

    @@paradoxalJohn false equivalency….. Russian gas is a fossil fuel so doesn’t have any upside, Chinese solar panels would still give the USA energy independence and reduce carbon emissions which impact everybody

  • @StandWithUkraineAndLiberalism

    @StandWithUkraineAndLiberalism

    2 күн бұрын

    In an ideal world, you are right. The problem is we still live in a world where there is no global government above sovereign states, so great powers dictate who gets what, when, and how through a combination of military, financial, and other ways of imposing its will on others. This is where national security comes in. As a superpower seeking to maintain its global status and ability to project power, the United States simply cannot allow itself to be too dependent on another great power or superpower for key products and intermediary goods, not to mention China is a strategic competitor. Then there is ideology and system of governance. While liberal democracies are surely more stable in the long run, Chinese and Russian autocracies do have short term abilities to concentrate domestic resources in a perverse manner to achieve their elites’ political objectives. Such short term abilities (like China’s industrial policies and Russia’s militarism) can do significant damage to US and its allies. It is for this reason that the United States and soon the EU have abandoned globalization beginning in 2018. It is realpolitik. You support free trade when you are on top of the global supply chain, but you need to protect yourself when a peer competitor emerges. If the other side subsidizes its strategic industries, you got to figure out a way to offset those subsidies so you don’t become dependent on great powers too risky to depend on.

  • @TC-zf1ji
    @TC-zf1ji4 күн бұрын

    People cheer to making people pay more for the things they buy...

  • @petergreen5337

    @petergreen5337

    4 күн бұрын

    ❤exactly; sad very sad.

  • @ricebagell9666

    @ricebagell9666

    3 күн бұрын

    to prevent one country from dominating the market because then they could jack up the price with no competition.

  • @TC-zf1ji

    @TC-zf1ji

    3 күн бұрын

    @@ricebagell9666 because they could jack up the price and it then makes other technologies viable as a replacement? There is no such thing as a monopoly without government.

  • @monipenny408

    @monipenny408

    3 күн бұрын

    that is why America is finished. Capitalism is the best system that money can buy!

  • @ricebagell9666

    @ricebagell9666

    3 күн бұрын

    ​@@monipenny408 if you believe that, you must be investing all your money in China

  • @jackliu-xw6tw
    @jackliu-xw6tw3 күн бұрын

    protect a few thousand american workers by making 300 million americans pay more

  • @monipenny408

    @monipenny408

    3 күн бұрын

    Welcome to U$ politicks! It ain't about fixing problems, it's all about seizing opportunities for more profit

  • @user-ij7jy1wv9b

    @user-ij7jy1wv9b

    2 күн бұрын

    美国不是美国人的美国,是资本集团的美国,是犹太人的美国。美国人是生产财富的工具,收割你的财富与你本人有什么关系?

  • @nv2695

    @nv2695

    Күн бұрын

    Chinese labor is not the cheap labor you’re assuming it is anymore. Mexico, India, and Africa have far cheaper costs. And we are talking about millions of jobs, not thousands. Let’s not forget that China openly sells fentanyl precursor ingredients to the Mexican cartel at cost to kill hundreds of thousands of Americans a year.

  • @rickjames18

    @rickjames18

    Күн бұрын

    Are you from China? we gave you enough, time to cut the money train from China.

  • @Siegfried5846

    @Siegfried5846

    Күн бұрын

    "Waaaaahhh I can't buy cheap trash and sell off my children's future"

  • @kieranthomas8190
    @kieranthomas81904 күн бұрын

    Why place in tariffs when the prices will fall into the hands of American consumers? Let’s face it, manufacturing will never come back to the US like it did before, but this was inevitable. What we would be better off doing is, instead of putting so many tariffs on Chinese goods, we should be investing in multiple other countries to develop an infrastructure and manufacturing base like China’s that can compete with Chinese manufacturing, such as India, Vietnam, and Indonesia. Tariffs should be applied much more selectively, especially when it comes to defense and infrastructure, and should be paired with domestic subsidies to encourage some of these jobs to come back to the US.

  • @YSKWatch

    @YSKWatch

    3 күн бұрын

    when outsourcing started few decades ago, it was to many countries, but only china give good performance (profit), so later most of outsourcing are to china. invest to other countries today? many problems, you can find the details yourself.

  • @user-ij7jy1wv9b

    @user-ij7jy1wv9b

    2 күн бұрын

    你太理想化了,美国在墨西哥投资,可墨西哥工业实力无法达到中国工业的技术水平,墨西哥缺少完整的产业线,无奈之下,墨西哥从中国进口商品,把中国制造改成墨西哥制造,这样还可以绕过美国的关税政策,墨西哥贩毒集团都在这么做,贩毒集团都笑疯了,美国政府假装不知道,改变不了残酷的现实。

  • @kieranthomas8190

    @kieranthomas8190

    2 күн бұрын

    @@user-ij7jy1wv9b The drug cartel problem is something that both the US and China have an interest in cracking down on. China does not want to be seen as a drug exporter, yet through its lax regulations allows the export of dangerous chemical precursors to criminal groups. As for the industrial base in Mexico, already Mexico is the biggest trading partner with the USA, and the USA is helping to further increase its industrial and infrastructure base. Not just USA, but other Latin and European countries are choosing to invest in Mexico as a sign of confidence. New Tesla factories are built there, and economy is growing fast. Already Mexican products are more competitive than even Chinese due to cheaper labor and production costs, and the cost of importing and tariffs is much lower since Mexico is a neighbor and friendly towards the USA.

  • @user-ij7jy1wv9b

    @user-ij7jy1wv9b

    2 күн бұрын

    你说的也是事实,贩毒集团确实是从我们中国进口的危险化学品,这件事是美国国务卿上次来中国时告诉我们的,我们已经严格的管制了这些化学原料,我们中国对毒品是严厉打击的,没想到我们竟然成为了原料的出口国。你忽略了另一件,我们正在进行产业升级,淘汰落后的制造业,我们的人工费用也越来越高,这也是墨西哥能进一步扩大其工业和基础设施基础的原因,但我们没有放弃的产业,墨西哥很难与我们竞争,如果美国愿意像当年投资中国一样,投资墨西哥也会成功,可我们中国也会向美国发起挑战,与美国全面竞争,几年前的手机、芯片,现在的汽车、光伏。未来的AI、自动化、智能化、机器人,美国是最棒的老师,最好的对手,是美国让中国强大,战胜美国,是对美国最高的敬意。

  • @tonyng4300

    @tonyng4300

    2 күн бұрын

    I disagree. The point of slapping tariff from Biden and Trump is to bring jobs back to America. What you are saying is just helping other countries to become the next China.

  • @fernr9496
    @fernr9496Күн бұрын

    CHEAP GOODS ARE GOOD FOR ME AS THE CONSUMER, THOUGH??? STOP THE TARIFFS!!!!

  • @nran7811

    @nran7811

    23 сағат бұрын

    but they are LOW QUALITY, dont last as long!

  • @Kong-kg6ij
    @Kong-kg6ijКүн бұрын

    Funny how the country had surpluses getting all their revenue from tariffs and not from income tax.

  • @ChiRusNkFUSA
    @ChiRusNkFUSA3 күн бұрын

    Whatever happen to free market and capitalism huh America?

  • @johngalt3940

    @johngalt3940

    3 күн бұрын

    Communism happened.

  • @ajaykumarsingh702

    @ajaykumarsingh702

    3 күн бұрын

    USA wants to become Communist now.😂

  • @CristianmirabalWuno

    @CristianmirabalWuno

    2 күн бұрын

    Since when benefitting a regime has anything to do with Capitalism?, Europe already financed Russia, why US should do the same having a large amount of possible cheap manufacturers around the world?

  • @user-ij7jy1wv9b

    @user-ij7jy1wv9b

    2 күн бұрын

    大量的工人会失业,大量的家庭会破产,愤怒的民众会走上街头,他们要杀死那些政客和资本家,他们会被军队和警察无情的镇压,他们拿起武器,点燃战火,我们中国人通常叫做革命,资本家与政客最害怕的,共产主义。

  • @flybekvc

    @flybekvc

    2 күн бұрын

    @@CristianmirabalWuno What doe the free market have to do with the regimes? Free market should opt for the most efficient/cheap solutions.

  • @wiktorjachyra1869
    @wiktorjachyra18693 күн бұрын

    some of the Chinese car imports are extremely cheap. now imagine how much more affordable they would've been if the 25% tariff wasn't there originally. struggling families might've been able to afford a car.

  • @user-ij7jy1wv9b

    @user-ij7jy1wv9b

    2 күн бұрын

    如果最初没有 25% 的关税,中国进口的汽车最低可以达到9999美元,美国没有一家汽车企业可以做到这一点,他们会破产,或者离开美国,去中国建工厂,美国的工人会失业,但更多人会开上中国的汽车,9999美元,学生都有能力买一辆。

  • @jl1248able
    @jl1248able3 күн бұрын

    Poor people don’t buy electric cars or solar panels. How do you figure they are bearing the brunt of taxes on these Chinese imports?

  • @cbbbgbbb497

    @cbbbgbbb497

    3 күн бұрын

    everything in walmart and dollar stores are from china

  • @user-ij7jy1wv9b

    @user-ij7jy1wv9b

    2 күн бұрын

    太阳能电池板是非常重要的国家战略资源,收集光能转化电能,代替传统的烧煤火力发电,对降低碳排放和环保非常重要,是每个工业国家必须购买的东西,中国霸占了市场,美国很生气,加高关税,让纳税人买单!纳税人吃下了委屈,国会老爷们也很痛苦,那么多的税款在手里,不可以用在纳税人身上,因为要投入战争,给乌克兰,给以色列。

  • @theemissary1313
    @theemissary13132 күн бұрын

    Increased tariffs and taxes always and only get passed onto the consumers. Unless you charge corporate tax. And that just gets manipulated to look minimal to avoid paying the tax.

  • @sauceokay
    @sauceokay3 күн бұрын

    You can tell how much the lady likes Trump when she still calls him president

  • @justicereporter8823
    @justicereporter88233 күн бұрын

    Tariffs will only put more taxes on American importers, who will pass the higher price on goods, and the American public will pay. Chinese manufacturers will find other markets to make up for the difference.

  • @Sjalabais
    @Sjalabais4 күн бұрын

    Such a dumb move, for both candidates, with the dumb one obviously being dumber. Prices going up, competitiveness going down, wealth gets distributed upwards again and progress gets delayed. We live in idiotic times.

  • @nonamespls3468
    @nonamespls34684 күн бұрын

    yesh tariffs, only the poor and middle income gets to suffer, them rich policy makers won't even feel it. They should have just focused in building products that are more competent.

  • @johngalt3940

    @johngalt3940

    3 күн бұрын

    Any product that USA can produce more efficiently is being targeted by Chinese government for export. Look at EVs.

  • @cocheshiperdesportivos7181
    @cocheshiperdesportivos71814 күн бұрын

    yeah....more inflation for you and me

  • @user-ij7jy1wv9b

    @user-ij7jy1wv9b

    2 күн бұрын

    没关系,转移社会矛盾,把民众对通货膨胀的愤怒转移到中国人身上就好了,是中国人生产了电动汽车,是中国人让美国汽车企业倒闭破产,是中国人夺走了美国工人的工作,是中国人恶意竞争让美国失去了工业制造,是中国人对美国工业入侵,是中国人发动工业海啸,都是中国人的错。

  • @nicolebalmier
    @nicolebalmier4 күн бұрын

    I’m just discovering WSJ & I love it here, quick & to the point ❤

  • @YtChsr

    @YtChsr

    4 күн бұрын

    I think this channel rocks too

  • @kevinjenner9502

    @kevinjenner9502

    3 күн бұрын

    Yellow Peril rhetoric is one of their mainsprings.

  • @ImRanger

    @ImRanger

    3 күн бұрын

    straight propaganda. CIA's Psyop machine.

  • @monipenny408

    @monipenny408

    3 күн бұрын

    WSJ is the best propaganda channel on the planet, 99% disinformation. It is America's favorite, right next to CNN and FOX.

  • @user-lz2xz4xm2k
    @user-lz2xz4xm2k3 күн бұрын

    Why can Americans only choose president from these two people?🤨🤨🤨🤨

  • @erispyramos798

    @erispyramos798

    2 күн бұрын

    Because, as most of us learned in middle school or high school, a popular candidate voting system only allows for two candidates (system where you choose your favorite candidate), otherwise one side’s vote gets split. Look into ranked choice voting

  • @barbaradinius7689

    @barbaradinius7689

    Күн бұрын

    Because the other runners did not have the numbers

  • @indeterminableentertainmen2327

    @indeterminableentertainmen2327

    Күн бұрын

    Because the democratic party is an emotional party that's why they take in LGBT, Climate Change, Feminism and opening the border for "diversity" The reason people are voting for Trump is people coming in from the southern border from mental asylums not just in Latin America but also the middle east and China. And many atheist who are not getting married or having children which is a cultural problem.

  • @XiWinnie69

    @XiWinnie69

    22 сағат бұрын

    why can't Chinese even have a choice? 🤔🤔🤔

  • @MGZetta

    @MGZetta

    18 сағат бұрын

    @@XiWinnie69 1 billion vote out of 22 million politicians. Lol.

  • @nomaster1896
    @nomaster18963 күн бұрын

    what is not mentioned here 1:33 is that while the import growed about 5 times, the export to china growed about ten times.

  • @NeidlichesSchwert
    @NeidlichesSchwert2 күн бұрын

    Scalpel vs. sledge hammer.

  • @mewmannamwem6087
    @mewmannamwem60872 күн бұрын

    The US logic "we are pro free trade" "not if you do it better than us tho"

  • @AChungusAmongUs

    @AChungusAmongUs

    Күн бұрын

    The drift away from free trade is concerning. The Chinese tariffs should be viewed as a response to a serious regional adversary. Not in any way as a beneficial economic policy for the US.

  • @SpazzyMcGee1337

    @SpazzyMcGee1337

    Күн бұрын

    General free trade policies have always needed to adapt to maintain strategic industries and adapt to the subsidies in other countries. Globalism means we can ask benefit from specialization by country, but sometimes two or more countries choose to specialize on the same industry. We just have to be careful that we didn't impose tariffs as of we plan on specializing in every industry. The world is going to suck if every nation chooses to be an autarky.

  • @LokiTheGodofMischief
    @LokiTheGodofMischief4 күн бұрын

    So now that it's over 10 years later. How did Obama's tariffs on solar work out?

  • @Robert-fx3ng

    @Robert-fx3ng

    4 күн бұрын

    It created a lot of jobs and boosted the green economy……in China.

  • @LokiTheGodofMischief

    @LokiTheGodofMischief

    4 күн бұрын

    @@Robert-fx3ng exactly. As a Libertarian I hate government intervention.

  • @johndoh5182

    @johndoh5182

    4 күн бұрын

    You mean Trump's? How about getting the right president named first?

  • @Robert-fx3ng

    @Robert-fx3ng

    3 күн бұрын

    @@johndoh5182 you think Trump gave out a much of money for solar panels? These two are closer than you think. Trump sent a bunch of mean tweets. Biden corrected the grammar and signed them into policy. Now they are fighting over who hates China more.

  • @JGold-cu5mo

    @JGold-cu5mo

    3 күн бұрын

    Remember please, this channel is owned by the same Mordock family that spew disinformation on Fox.

  • @whitemoon5752
    @whitemoon57524 күн бұрын

    When a country becomes a developed economy it relies on services to grow its GDP which for US has been the way. Manufacturing from US is gone even China is pushing its manufacturing out of China this had happened since 2014 through stricts environmental laws, factories that moved out were makers of Jeans, lows end shoes even NIKE. China want to grow on high tech industries but for service industry it cannot compete with US, no matter how developed China becomes. I was happy to see the old relationship where US gets the good things and China gets paid in USD (toilet paper) then China uses that USD to buy government debt T bonds, which US governments uses to fight wars and builds its defense industries, China asks it best countries to list in US stocks thereby fueling the need for USD as an investment currency. Everything was working well. Now that US wants to be an enemy of China I wonder who will foot those huge debt bills of US? There is not other country in the world large enough to do so.

  • @kenyup7936

    @kenyup7936

    4 күн бұрын

    it's not problem for US debt bills, don't forget the US has printer which could print USD lol

  • @c.wilson3931

    @c.wilson3931

    4 күн бұрын

    Agreed!

  • @jt6231

    @jt6231

    3 күн бұрын

    5:13…it is because CEOs and it’s management paying themselves so much while denying workers decent wages. US as a whole is still rich but it all goes to those billionaires.

  • @mercysparks1403

    @mercysparks1403

    3 күн бұрын

    @@jt6231 America has the highest labor cost compare with China

  • @jt6231

    @jt6231

    3 күн бұрын

    @@mercysparks1403 if you follow the American news, you will know that in the 80s, CEO’s salaries are like a couple hundreds times of ordinary workers. Now it increases to a couple thousands times. Management sits on each others company board of directors and make all their decisions to give each other fat stock options and salaries. Just look at Elon Musk for one example. Even failed CEO (like current Boeing CEO) got a fat package given their handling of the troubles with Boeing. All CEOs get golden parachute whether they are doing a good job or not. I don’t buy the arguments of those management saying we have to keep giving themselves to retain them.

  • @garyallison9257
    @garyallison92573 күн бұрын

    Both strategy are just made for their own audience. There is no difference between 200% and 100% tariff because you cannot afford anyway. Dedicated rule on different products should be applied. U.S. cannot make everything, end of the story.

  • @joydeepsharma1
    @joydeepsharma13 күн бұрын

    Eventually, the sufferers are the US citizens, as the Chinese companies' products are still cheaper compared to what the states manufacture and eventually, prices of raw materials have increased to make the purchases in the US

  • @user-ew5eh2co5p
    @user-ew5eh2co5p2 күн бұрын

    China’s trade surplus last year was almost 900 billion. They will come close to that this year. What’s the surplus for US last year?

  • @kevinb873
    @kevinb8734 күн бұрын

    Leaving comments on huh, this should be good.

  • @stoundingresults

    @stoundingresults

    4 күн бұрын

    Fight me!

  • @michaelsmith953

    @michaelsmith953

    4 күн бұрын

    @@stoundingresults no FIGHT ME!

  • @Schlabbeflicker
    @SchlabbeflickerКүн бұрын

    Tariffs should be the alternative to the federal income tax. Repeal the Sixteenth Amendment.

  • @sleepymeow7156
    @sleepymeow71562 күн бұрын

    US failed at its own game(capitalism), and now playing finger pointing...🤦🏼‍♂

  • @nickfromm5315

    @nickfromm5315

    Күн бұрын

    naw Chinese spies steal billions of IP and R&D. thieves.

  • @AaronKaewprapai-qv7bc
    @AaronKaewprapai-qv7bc4 күн бұрын

    What about 'consumers'. As an over taxed tax payer, I wouldn't mind chinese tax payers willingly subsidies us with free money.

  • @user-rg7sg6kp1p

    @user-rg7sg6kp1p

    4 күн бұрын

    It's called feederism. Go look it up. A country is like a family. A family is about more than money. Did you know that most lottery winners' lives are swiftly destroyed? Free money is not a good thing.

  • @ylstorage7085

    @ylstorage7085

    4 күн бұрын

    @@user-rg7sg6kp1p "Did you know that most lottery winners' lives are swiftly destroyed? Free money is not a good thing." catagorically untrue. Majority of them lived a better life afterwards. it is only you that wish that was the case.

  • @yapsiauwsoengie6507
    @yapsiauwsoengie65073 күн бұрын

    😂 US election become more and more depend on China. Great China! 💪🏻

  • @moirarivero2841
    @moirarivero2841Күн бұрын

    Wish the Best for The U S A 🙏🏻♥️💯💢🇺🇲🌎

  • @mirror452
    @mirror4524 күн бұрын

    Why do you show the entire territory of the US in your maps, but cut off parts of China's territory in your maps?

  • @monipenny408

    @monipenny408

    3 күн бұрын

    Everybody outside of the U$ know, WSJ is a U$ state sponsored prop channel. It's not news, it's disinformation to misinform the American public and it is very easy to do, that's why U$ state dept pours 500 million each year just for pushing anti China, anti RF, anti Iran and any other anti humanity programs.

  • @yili1763
    @yili17632 күн бұрын

    当今世界的主题,我记得在我们的中学的政治书上写的是:和平与发展,但是我感觉现在世界的主题应该是合作与竞争,该合作就合作,该竞争就竞争,该战争就战争🙃🙃这种事在中国已经轮回循环了5000年啦😇😇😇😇😇

  • @rogermcnogerfrogger9855
    @rogermcnogerfrogger985514 сағат бұрын

    WSJ spot on again. Such great videos.

  • @alexsummers9140
    @alexsummers9140Күн бұрын

    Trump: "I really don't know what he said at the end of that sentence; I don't think he knows what he said either."

  • @esteemedyams
    @esteemedyams3 сағат бұрын

    Someone please, just dare Trump to explain what tariffs actually are

  • @danielpei9859
    @danielpei98592 күн бұрын

    I went to HomeDepot to buy a cabinet mirror. Guess how much is it. It costs fking $300 USD and I can barely find one cause they are out of stock! what a fking joke .

  • @usmanshahid2219
    @usmanshahid22192 күн бұрын

    the idea to tariff something and that's going to somehow fix it; it just gives a bubble to us companies but if they don't produce as efficiently they will get farther and farther behind

  • @richardong7742
    @richardong774211 сағат бұрын

    I love the American citizens applauding when they have to pay much more for Chinese products.

  • @ngateminasmoredjo8351
    @ngateminasmoredjo8351Күн бұрын

    If USA not produce enough and the internal tax not enough, they tax import products (=tariffs).

  • @dodoboy66
    @dodoboy66Күн бұрын

    After watching the US presidential debate between Trump and Biden, the only thing either should worry about is preventing dying during their term. Good God that was horrible to watch.

  • @af7863
    @af78633 күн бұрын

    Basic human animalistic instinct. Losers always smear or blame Winners.

  • @ObaidZaki
    @ObaidZaki2 күн бұрын

    That’s why your online orders are priced so much now

  • @vandan132
    @vandan13222 сағат бұрын

    What about the regulation cuts that allow for American industry to flourish?

  • @Hans-gb4mv
    @Hans-gb4mv4 күн бұрын

    We need to bring manufacturing back to the US ... and then we need to import people to work in those factories as we are running out of unemployed people.

  • @eric9069

    @eric9069

    4 күн бұрын

    it's impossible. the manufacturing could move to anywhere, but the US.😂 I have no idea why smart Americans think there are only two countries in the world.🤔

  • @Zergcerebrates

    @Zergcerebrates

    3 күн бұрын

    Manufacturing won't be coming back, companies would rather move to Vietnam or India than the USA. Why would they move to the USA when the labors are cheaper in other countries?

  • @CensoredMercy
    @CensoredMercy2 күн бұрын

    Make it expensive for the average person

  • @sophisticate80486
    @sophisticate8048618 сағат бұрын

    No more globalism, end of story.

  • @AlexLi8
    @AlexLi8Күн бұрын

    I could never understand why these tariffs are good for America. We have the world reserve and that give us an distinctive advantage no other country on earth can have -- the US$ . We can just print US$ dollar and get stuff we need from the world. That is our way of life. Import tariffs is basically punishing us doing that. Why?

  • @af1boost583
    @af1boost5832 күн бұрын

    gonna be lit tonight🔥🔥

  • @longjiang2005
    @longjiang20052 күн бұрын

    Why aspect ratio of flags different 0:30

  • @sreea2365

    @sreea2365

    Күн бұрын

    China flag ratio 2:3 US flag ratio 10:19

  • @owo4202
    @owo4202Күн бұрын

    meanwhile 2024 US tech companies are distributing tech jobs to India instead of American citizens. Bravo!

  • @bigg.grizzlybear2670

    @bigg.grizzlybear2670

    Күн бұрын

    Companies run on money not nationalism!

  • @PurpleFlorence-du5ke
    @PurpleFlorence-du5ke7 сағат бұрын

    Even some products with high-end branding names are from China, if American people need to pay that price, we'd better think about having some manufactures in the US and hiring some immigrants with working visas.

  • @wildfire9280
    @wildfire92802 күн бұрын

    Tax land, not trade.

  • @hc7123
    @hc712323 сағат бұрын

    If the political system of the United States does not change, then there is only one outcome no matter who is elected president, and that is (decline)

  • @utubezeng
    @utubezeng4 күн бұрын

    China is now doing US things, design in China! Belt-Road Initiative ( ~ Chinses version of the Marshall Plan) is to spend extra dollar and consume manufacturing capacity, also nurturing market!

  • @monipenny408

    @monipenny408

    3 күн бұрын

    LOL you are so American. Every projection from America is a confession!

  • @user-ij7jy1wv9b

    @user-ij7jy1wv9b

    2 күн бұрын

    中国人高喊遵守自由贸易。 美国人高喊发展本国工业。 中国指责美国不懂民主。 美国指责中国不懂社会主义。

  • @yzhang9265
    @yzhang9265Күн бұрын

    So US companies should always keep the factories in the US and never looking for low cost area (China, India, Vietnam, etc....), so US people can all keep their jobs.

  • @ksjdfovck

    @ksjdfovck

    Күн бұрын

    Tech and IT jobs going to India 😢

  • @jerryhung1953
    @jerryhung1953Күн бұрын

    Don't rely on China, rely on Vietnam. Haha😂😂😂

  • @fswatyahoocom
    @fswatyahoocom2 күн бұрын

    if we stop trades with China, all items will go up by at least 50% 😞

  • @donaldharlan3981
    @donaldharlan39812 күн бұрын

    Wall Street journal is not to blame for the president being wrong. 🤑

  • @mariobriseno5093
    @mariobriseno5093Күн бұрын

    imagine being such a sore looser that u call ur economical and political rival: 'u produce too much pls stop 🥺🥺🥺🥺'

  • @chopinmack5418
    @chopinmack54182 күн бұрын

    Let's see who is the tougher Tariff Man !!!!!

  • @ginyilee6538
    @ginyilee65383 күн бұрын

    what is money if u can’t buy goods? think about it…

  • @user-ij7jy1wv9b

    @user-ij7jy1wv9b

    2 күн бұрын

    怎么会买不到商品呢,如果钱真的变成了废纸,美利坚大总统一定会被愤怒的民众吊在路灯上的。😅

  • @RoberttSmithh
    @RoberttSmithh2 күн бұрын

    Competition? Why block chinese ev cars to American market?

  • @user-ij7jy1wv9b

    @user-ij7jy1wv9b

    2 күн бұрын

    为了保护美国的汽车企业不被中国杀死,福特汽车、GM、他们无法打败中国比亚迪汽车,无论是价格还是技术,目前还能生存的只有特斯拉,而特斯拉使用的汽车电池来自中国比亚迪,中国在强奸美国,美国在做微弱的抵抗。。

  • @chaichunleangmoses2838
    @chaichunleangmoses283817 сағат бұрын

    Can USA take the same wages as china or other than china?

  • @janetmalcolm3403
    @janetmalcolm34032 күн бұрын

    Just to win votes, they have to blame Freddie Krueger and the Boogeyman. Jina, Jina, Jina... 😡

  • @urbanstrencan
    @urbanstrencan2 күн бұрын

    This is now just elections talk, we will see what really happens next year after elections

  • @hankmoody9965
    @hankmoody996517 сағат бұрын

    Last night's debate has brought to the forefront serious concerns about the cognitive abilities and stamina of those aspiring to lead our nation. It's alarming to see the incumbent, arguably the most powerful person in the world, struggle to articulate coherent thoughts without the aid of a teleprompter. The excuses of 'having a cold' or it being '9 pm' are frankly inadequate when we're discussing the individual responsible for making critical decisions that affect millions of lives. Consider the gravity of the situation: we're living in a world with two active wars, and the person we elect needs to be ready to lead at any hour, under any circumstances. The presidency isn't a 9-to-5 job with scheduled breaks. While personal likability and stance on social issues like LGBTQ+ rights are important, they shouldn't be the primary factors in choosing a leader. We need to critically evaluate each candidate's ability to perform under pressure, communicate clearly, and make sound judgments in complex geopolitical scenarios.

  • @thejquinn
    @thejquinn3 күн бұрын

    4:02 thats called the "free market", just sounds like she's pro-monopoly

  • @SungDaeHan
    @SungDaeHan2 күн бұрын

    Well you want an attitude. Because business is business and do good business. We thought China would change for the better and well we were wrong.

  • @syatmel
    @syatmel3 күн бұрын

    China lives free in every American politican's mind😂

  • @jamesruscheinski8602
    @jamesruscheinski8602Күн бұрын

    end global trade

  • @barrydu2610
    @barrydu26102 күн бұрын

    Bring back the jobs, all dollar store items should be made in America

  • @user-tw5nh3xb6k
    @user-tw5nh3xb6k5 сағат бұрын

    All residents of Russia's Khabarovsk Krai (1.3 million people) must enter the United States without a visa if an American-approved governor wins the Khabarovsk Krai election

  • @LorenzoNambo-jt7yp
    @LorenzoNambo-jt7yp2 күн бұрын

    Bring back American companies to North America and work with neighboring countries like Canada and Mexico. To have a strong North America.

  • @amazon4716
    @amazon471617 сағат бұрын

    I still rember the trump era fear.... Eletric cars The infamous flu BLM Toilet paper P A N D E M I C Jan 6th terrorism Etc. Smh.

  • @Aaqe
    @Aaqe2 күн бұрын

    Motto of Trump's paid cult: Make America Grow Apart

  • @Goozo612
    @Goozo6123 күн бұрын

    MY ventriloquist dummy is watching this with me 📺👲🏼🧎🏼‍♂️

  • @tmoosy
    @tmoosy4 күн бұрын

    @00:30 why's she calling him president Trump? Ex.president Trump* and will remain that way

  • @Andyzup69

    @Andyzup69

    4 күн бұрын

    All former presidents have been addressed as president. It’s a precedent that dates back to Washington I believe.

  • @octonoozle

    @octonoozle

    3 күн бұрын

    Trump is coming back!

  • @JGold-cu5mo

    @JGold-cu5mo

    3 күн бұрын

    Remember please, this channel is owned by the same Mordock family that spew disinformation on Fox.

  • @somaghosh2960
    @somaghosh29604 күн бұрын

    WSJ's thumbnail is an appropriate and right. Trump's speech always another level cheerful.

  • @JGold-cu5mo

    @JGold-cu5mo

    3 күн бұрын

    Remember please, this channel is owned by the same Mordock family that spew disinformation on Fox.

  • @darkopz
    @darkopzСағат бұрын

    It feels very disingenuous to say anything is Bidens plans or actions. We can at least say the Biden Administration.

  • @testing52009
    @testing5200923 сағат бұрын

    Moan is giving out O.J vibes

  • @Dihorse371
    @Dihorse371Күн бұрын

    US "democracy" is where right-wing neoliberal candidates with 95% of the same policies compete to see who can get more billionaire donors to be anointed CEO/commander-in-chief of the empire:

  • @GreetingsEarth
    @GreetingsEarth2 күн бұрын

    the US see others as tools, China has every right to develop itself. Actually I see China as a great example of how a country impoverished by colonial powers and civil war rose to become a fast developing mordern nation. The US wants free trade and global order, but only when free trade and global order mean the US can exploit other nations for their wealth. I imagine the good and prosperity the US could have brought to the world after 1991 and what the US actually did, haven't we suffered enough?