The US Places Huge Tariffs on Chinese Imports || Peter Zeihan
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- Опубликовано: 7 июн 2024
- Some hefty tariffs have just been placed on many Chinese imports, including electric vehicles, semiconductors, solar panels, and more. This is an attempt to prevent China from dominating industries that the US wants to develop.
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#china #tariffs #import #economy
Meanwhile RUclips is showing me ads for Temu at the end of this video! 😂
Ads? Ha noob 😁
Temu is a deterrent in itself not to buy cheap and majorly poor Chinese goods!?!
I use an adblocker.
You Tube has no morality whatsoever. It makes all its money from chinese advertising.
@@michaeldowson6988harder to do that with the app
The national security implications of subsidized Chinese imports is finally being recognized.
It was probably recognized a long time ago. What’s new is it’s finally being addressed
I believe they already recognized and dealt with an eerily similar situation four decades ago but with the Japanese.
@@18meruThe Chinese are way worse than Japan ever was though
@@18meru the Japanese might have been an economic threat, but haven't been a security threat since 1945.
Biden is why this happened. China was only given lip service before.
About bloody time, 30 years too late but better late than never
I said the same, in 1990. Follow the money - this means that the ownership class no longer profits from Chinese labor.
What a genius the US is. They would have taken at least a century to catch us we industrialized them, now we sanction them! What a joke we are!
All those manufacturers would still be here in the USA if they hadn't fled taxes in the 90s. And we had to bribe them with more tax cuts to come back, with the C&S Act.
@@stickyfox It was labor not taxes..don't be silly, import taxes and then sales tax was still added. Used to ten-twenty cents an hour just a few decades back.
The situation in the 90s was different. You can't just apply what works today in the past. We needed the Chinese growth to overcome the economic crisis especially in Europe.
Another big reason the Chinese have trouble developing their domestic consumer market is that Chinese are notoriously frugal...after covid the average Chinese shut down personal spending and won't change until they see economic prosperity...its a vicious circle for them.
they are frugal becasue the CCP keeps them poor, intentionally.
That’s totally the opposite of the American attitude towards money. After the September 11th attacks, the government’s advice to people was to do their patriotic duty: keep spending so the terrorists don’t cause a recession.
China year car sales ,30 million ,USA 15 million
@dzonikg Yes and China is about 3 times the size of the U.S.
You have to factor in the absense of social services and grandparents who starved to death in China. Unless the regime can develop better social services and security, people won't throw caution to the wind and losen the purse strings. Chinese frugality is merely a logical response to their lived experience.
Europe needs to follow suit now.
Would be very foolish not to do that.
China is the largest car market for European car manufacturers, so Brussels may be concerned about retaliatory tariffs. I wonder how the EU will navigate this, as they can't allow their markets to be flooded by cheap EVs.
Make China richer?
Europe needs to ditch socialism once for all. Thats the main problem
@@AthleticHobo-br4qh the EU will do whatever the US orders or tells them to do.
How much is a duty tax in China on cars imported from anywhere outside?
Last time I checked:
- non Chinese cars import rules are vague (by design)
- you have to prepare 10kg of documents
- everything takes months
- they can reject your car for any reason (items in a trunk)
- car has to be 1 year old max (everything above is considered "an old car")
- when you summarise all taxes, insurance etc you have to pay almost double of an original car price
So who is at "trade war" here and defending local market from outside imports?
Thank you for pointing that out.
China is the most protectionist market there is and yet all they do is whine about protectionism. Pooh is going to find out the hard way what’s going to happen next.
Don’t know about cars but Australian wine got slugged 200% 🍷🤕
They cry about a TikTok ban, but all western social media apps are banned in China.
@@dingoeatswolf3663 Where ,in USA? Australia is importing a lot of stuff from China, including cars.
Poznan Poland! My grandmother left in 1911 for Brazil then to NYC in late Dec 1916. ❤❤❤
Well she definitely moved from the wrong place at the right time. Especially if she was jewish
Man she got out at a good time
My great grandparents on my grandma's side left for NYC right around the same time! Small world
ohhh, i was never in posen nor do i know somebody that was ever there.
Who cares
Long overdue, maybe 20 years too late.
There had to be cheap imports for workin’ folk. Companies moved manufacturing overseas to increase stock value and dividends for me, people earned less at other jobs, so they were given Chinese stuff that was cheaper and affordable.
Trade war, part two electric Boogaloo
👏
And then we'll take it higher
Save the community center!
underline the electric part since it's going to crap on a lot of chinese-manufactured EVs, electronics, etc
hahahahaha well played.
Welcome to Poland Peter! Greetings from Wrocław, Poland!
Any chance to see you in Poland? 🙃
Thank you for sharing this info. Peter Zehian 😊 hang in there.. Colorado 👍🏻keep up the good fight ….
💯 support for this action
Didn't Trump already do this and then he removed those tariffs? Lol
@@Daniel-ld3zi, Biden DID remove some “stupid”, tariffs… I have 7 yr old Solar panels, made in China… (64)… Trumps Tariffs put a tariff on my panels so, every January 1st, going into winter, my excess energy, stored on National Grid, zeroed out… means my energy for winter was automatically Confiscated… my winters tariff cost me in excess of $4k, every yr… Joe Biden rescinded that tariff July of last yr… last winter was free…
Given the Chinese abuse of their neighbors in the South China Sea, I find myself not feeling really bad for any troubles they run into.
Don't forget Tibet
Not brainwashed at all. I presume you're a supporter of the free market at the same time.
Just like the Americans and some Europeans the Chinese also like a genocide.
@@k.s.mountakis170
If only CCP would practice that concept
ASEAN is 🇨🇳 biggest trading partners, innit?
"Peter Zeihan here, coming to you from the rings of Saturn,"
I thought he already did that. 😄😄😄 Maybe it was the surface of Mercury.
He should get a background of that 😆 😆
@@sandrah.2110
More curious to see labor conditions during picking time of all those fruit trees.
Brilliant but overdue
Traffis are very bad for american but I guess good for a few special interest
Overdue for Obama and Biden, Trump was on top of this from the get-go.
@@arofhoof Tariffs are bad for America and other countries in a free trade world. China was not, however, practicing free trade. It was taking advantage of our open markets while restricting access to their markets and heavily subsidizing their industries. .They were pursuing mercantilist policies. This is why the tariffs are not only needed, but imperative.
@@dennisweidner288 you’re deluded. The only thing trumpy was all over was cheeseburgers and filling diapers.
@@ianmclaren9721 Anyone who does not know the emphasis Trump placed on tariffs and Biden's criticism of using tariffs is either dishonest or living under a rock.
Poznan is beautiful. I love the town clock at midday.
Same! Lovely place. Funny enough, had the best Indian food I've had in the EU.
@@seanmarcum9753…only because of Brexit? 🤔
@veeli1106 Mm? No? It was I think just... wasn't blanded up. Sometimes, good food is just good food.
Awesome! About time!
I miss Poznan now. Keep an eye out for the small Nopleon monument near the old town
Thank you, Peter! Love the bird over your shoulder as well as your thoughtful updates.
100% tariffs across the world for Chinese imports 👍 Are you listening Albo ?
Let’s bump that up to 300%
So you want to get Australia sued under the Free Trade Deal the Liberals signed and destroy our economy as China would stop our imports.
@@Cryosxify I'm good with higher.
China has grown fat off of leeching the West like a tick. They built their industries by destroying ours. Not with better quality or more bang for the buck, but by government sponsored artificial low prices that make our companies unprofitable. They purposely targeted our companies to destroy our industrial base.
We don't owe them any favors.
We've lost any meaningful industries in that space already I can't see the benefit to being protectionist with this. It would become inflationary without anyone benefiting, some quality build standards would be great. Maybe the competition would put US and European companies under some price pressure but consumers are pretty smart. A cheap arse shit box Chinese vehicle, or something which will last longer than 5 minutes.
Why would Australia blindly follow the US in imposing electric vehicle import tariffs?
We no longer have domestic car manufacturing industry to protect. Tariffs would only increase car cost for Australians.
I remember you saying that this would happen. And Americans might have to give up some of their "stuff". This will create a huge demand for automation in the US. I see factories full of robotics with AI in the near future. What an exciting time.
I’m one of those of people that work in industrial automation. Our problem is we don’t have enough people who do this stuff.
Salaries have gone up a lot in this space but not enough.
Therein lies the problem. Americans don't want the "give up stuff" part as we all have CLEARLY seen and experienced the last few years and further the factories are in the future, not now. I guess from my opinion and experience working in manufacturing, we don't have the state side manufacturing for the conductors, PCB's, diodes, etc. that go into many of our products. All this to say, I fear because the US is not at the level it needs to be production wise which a major problem and we are still relying on foreign goods.. Also, with AI according to the very CEO's of these AI companies, jobs will be lost. And, the US population is dropping further lowering the work force, revenue and spending.
I stopped buying Chinese good decades ago. I still have stuff.
I so agree! AI and robotics are the path to richer future.
We actually had all the resources for robotics manufacturing, and we have been delaying this because of cheap Chinese outsourcing.
Remember Baxter? That was from 2010s! We could have done it many years ago!
Welcome to Poland Peter!
Piotr Zeihan
@@lukasz20 Piotr Zeihanowski
Piotr Zajchan
Thank you x
Thank you
Those hefty tariffs have to be levied on chinese exports because they are cranking out cheesy products at an unprecedented rate. As a result, protectionist policies have to be put in place in order to hamper its inflow.
if they r cheesy there is no need for protectionist policy...let the market decide and no sane person would buy cheesy products
@david50665 that doesn't work when you have few mega businesses supplying all the goods. It used to when there were better enforced policies preventing monopolies.
@@david50665 Low income people beaten down by inflation will buy cheap low quality goods. Walmart and Amazon built their empires off this fact. Are you blind?
So people in the west like cheesy products, got it
@@user-xg2pd3ek9uThen make uncheesy products in us lol
Poland. Mind-boggling, to this cold war baby, is a free country.
It's the bastion of Europe.
And aggressively so. That said, they never wanted to be part of the Soviet Union in the first place.
Where u been for 30 years?
@@bsmithhammer poland was never part of the soviet union, cold war poland was a soviet puppet state, true, but it had its own (communist) government and own (socialist) country, basically the russians wanted to create this false image that poland had its own minds so on the international stage there was this one free-minded staunch supporter of the communist movement, but in fact of course everything happened in poland routed to the decision makers in moscow... yet it was not part of the soviet union, albeit only in name, because the russians designed their bloc that way, while eastern european countries like estonia, latvia, lithuania, belarus, ukraine, georgia, etc etc were all included in the actual ussr as an ssr (soviet socialist republic), poland was this one guy that got left out, again by design, poland was styled as ppr (polish people's republic, kinda like china and north kroea) so look up a map of the ussr and see if poland was included.
Great job as usual!
Thank you for another excellent video!
Smoot-Hawley II. The Chinese will likely respond with their own tariffs. The good news is they export much more than we do…
They import a ton of food though so that's gonna suck for them
@@Eisernkreuz the US farmers are goiing bankrupt because they have been switching their suppliers to Brazil and South Africa.
yeah sure, just wondering what the chinese import from the US?
@@ursodermatt8809 They used to import a lot. Machinery, electronics, computer chips, instruments, corn, wheat, beef, pork, chicken . . . until the restrictions kicked in.
@@ursodermatt8809
China imports US green papers, the US and Europe never imported any Chinese cars in the past, the market is reserved for Japan, Korea or other nearby countries, why people think this will affect China? The US and Europe never open their market for China. This can only give China a good reason to restrict US brands and US car makers in China. From this case, China can fully control their domestic market while still exporting EV normally to other parts of the world, Europe and the US is not gaining anything, they are just stopping from losing more
There has to be a minimum fixed tarif per item - to reduce flow of cheap crap.
China has already won. made in China is everywhere western capitalist greed saw to that
Thanks, Nice analysis.
Great information once again. Thanks Peter.
It's a passive approach (no build out cost) to what bankrupted the USSR - the commercial adversary will be forced to commit more resources to compete.
Welcome to Poland i hope you like it here, will you talk or did you with some of the people, experts?
About time
Uh, Peter, I'm pretty sure we're not actually importing any vehicles, EVs or otherwise, made in China in the first place, because they don't meet the DOT's safety standards nor do they have any filed intent to modify nonconforming vehicles to meet those standards. The NHTSA has a list of nonconforming vehicles approved for import (as the vehicles have to be modified by a registered importer to comply with said standards) and there are no Chinese brands on it.
Yeah, this is just a political ploy, to make someone look tough on Chinese trade. We do import plenty of cheap low-scale semiconductors made in China, but as Peter has noted in other videos, China has not been able to crate the high-end semiconductors (the very profitable ones) in volume. Trade wars often lead to real wars. We should be doing what we did with Japan, ok, you can import cars, (built to NHTSA standards) but you have to build some factories here in the states (same as we did with EU car makers). Tariffs are really a tax on "labor pools" and nation-state resource management and fiscal policy. Not a big fan. As this all adds more to the bureaucratic state, Someone has to regulate / oversee / enforce the "tariff" LoL
Oh Well. The other aspect of this is that the EV fad in US has stalled.
Many of the eBikes and scooters are completely Chinese and, I think they qualify as “vehicles”.
@@Bay0Wulf If they do, they have to adhere to the FMVSS and display a sticker certifying this. To be exempt, motor scooters can't have a seat and can't be propelled faster than 20mph, while eBikes have to have a motor rated at 750w or less and can't be propelled faster than 20mph.
@@donpeeples4573 Yeah that particular end-run involves building a factory to perform "final assembly" on vehicles that are pretty much just lacking a single change to go from "parts" to "assembled."
@@pyrioncelendil Well of course, it was just a "make work" program, But that is why I state, tariffs are a tax on "labor pools". I forget what they call it, but Japan mfg used housewives sitting at home to produce many small component parts used in autos. Overhead cost is low, and labor cost low, and they still got their components to keep their assembly plants running.
Good :)
This is great. Thank you.
Good. About time.
Love it
If in Poland, try pierogi and bigos. You'll love it!!
Welcome to Poland Peter :)
This news is like music to my ears ❤
That bird on the background had me wiping down the screen!😂
And the Australian market continues to crawl to the Chinese government as they fail to diversify base products into other countries 😶 Australian agriculture & mining companies are totally focused on Chinese markets again for commercial convenience of profits !
They are so dependent of China .
Thankfully the Australian market is just too small to make a difference.
A bigger problem is the raw material export to China.
if there is no demand for the made in China from US, then there would no demand for the iron ore of Australia from China.
Our government will do the opposite.
They will embrace Chinese product dumping of EVs here as it plays into the insane targets they have set for EV penetration into the Australian automotive market.
Australia is for sale. USA is not.
If they just stop subsidizing their manufacturing base and compete on a fair playing field, they wouldn't be getting tariffs slapped on them.
I'll see your worthwhile statement and raise you the "chicken tax" on light trucks in the US.
if they weren't flooding western markets with cheap low quality trash, and they weren't bullying their neighbors left and right, and they were exporting quality and behaving like civilized people instead, they could probably get away with subsidizing their industry as much as they wanted without anyone on the west batting an eye.
Playing fair in geopolitics? Good joke
I can't fault China for subsidizing select industries; that's just what nations have to do to become competitive in most instances. However, China cannot impose some of the strictest protectionist policies and highest tariffs in the world without expecting other nations to return the favor regarding Chinese exports.
Did you ask why the production of industrial goods in USA, Europe could be inefficient?.
If you have a chance, see if you can see/experience the nature in Mazury. It's lovely there!
This is good
Buy locally.
Yes, but you can't especially with tech components. We are getting there, but not there yet
YEs ,never go to McDonalds if you are not from USA .I have McDonalds here in my small town in central Serbia just 2 minute walk from my home.I only went there ones in whole life
No, buy the best at the best price.
Peter, i would say you paved the road! 😅
Xi paved the road, he did not listen, he does not see an issue exporting his problems abroad for others to sort out rather than sorting out his own economy, other countries are not obliged to buy Chinese goods, they do so when it's within their interests, not in the interests of others!?!
Great camera quality.
Succinct and informative PZ 💚
We really need to junk the WTO.
Trying to be objective, it seemed fine, when no other nation could challenge our economic power or scale and ability to influence affairs. Now that China has built a massive economic machine at large scale, and has political aspirations to influence nations around the world to make China the center, the WTO needs to be carefully analyzed to see what it's worth, and how it can be changed or eliminated. Letting China in, then letting them cheat at the rules for decades, did not do the West and favors.
Add the WEF in that junkyard too.
I'm glad I'm learning how to weld as a hobbyist. It may turn into a second income stream later.
We pay welders well over 100K, plus a full pension, medical, dental, optical, life, vacation, sick time and personal time off and we're union.
@@TheBandit7613I bet the union leaders make 3x that off their labor while doing nothing but sitting in a chair all day. Giving jobs to their useles family members
Greetings from Poland. Would be great to see Toruń panorama in the background on one of your videos (especially the evening/night version). ;-)
Happy to see you in Poland Peter! Enjoy your stay!
I read somewhere that the Chinese are building EV manufacturing plants in Mexico, so they can get around tariffs.
We'll put tariffs on those too. We have good lawyers.
@@JohnJaneson2449 I believe NAFTA prevents tariffs on the cars manufactured in Mexico. That's why Harley and Triumph have factories in Thailand for Asian markets.
BYD (China’s largest car mfg) as well as Chery are both looking to build plants in Mexico. So is Tesla, although that’s on hold for now.
Last month the Mexican federal government responded to pressure the Biden admin and will no longer offer incentives to Chinese automakers, like BYD, that are looking to establish North American manufacturing operations.
But those are jobs and products made in Mexico and not China. The average chinese workers receives no benefit from outsourcing jobs from China to Mexico.
Chinese car makers can simply export CKD kits towards Mexico for a vehicle’s final assembly . Somehow I figure their attorneys read the revised NAFTA agreements to sort out what locally made means.
The biggest problem is not exporting to Mexico. It is gaining NHTSA approval to have them sold in the US.
And setting up franchised dealerships. Given how the big three have been screwing dealers lately , they could make an end run at those dealers.
And if they embrace the aftermarket, unlike Tesla , they win hearts and wallets from Americans.
That and the retaliatory measures they can do. Such as shutting Tesla’s factory in Xanghaj and keeping the plant. . Now Elon’s visit to China starts making more sense. He must’ve performed many oral services to party bosses in China.
What about Japan, Korea, Taiwan, SE Asia, Australia, etc.?
Me in SEA country rely on china trade and we couldn't give a damn what USA and china does.. stop drag others into your guys nonsense.
They’re likewise struggling with a weakening consumer base, or the infrastructure to support sustainable mass electrified mobility.
@@doujinflip But are they also raising tariffs on Chinese goods?
Japan, Korea, Taiwan, SE Asia, Australia, etc. pay their workers decent wages. They compete fair and square. Unlike China. Which is based on slavery, cheating and unfair "competition".
The chances of Chinese EVs becoming a thing in Japan is...non-existent. Source: I live in Japan and fam is in the auto industry.
Good! 👌
Good!
Do the tariffs affect cars built in Mexico by Chinese companies?
They are already doing that with other products. But, you can't "slip" cars through the cracks.
The admin has said they are monitoring that "loophole".
@@HKim0072 does this mean that the current tariffs don’t apply to Chinese cars produced in Mexico because of NAFTA?
>huge tariff for china goods
>....
>slap it "made in vietnam"
except that is illegal -- lots of rules on how to properly determine country of origin, and if you get caught attempting such fraud even on a smaller scale, it is millions in fines and can lose your ability to import
Thank you Brandon! 💙
Excellent 👌 news 😅
We’ll, This Tariff will just be passed on to consumers. It’s like raising tax’s without easing taxes.
Manufacturing still cant compete with Slave labor.
Battle of the oligarchs........
Winners: oligarchs
Loosers: consumers
Being denied a cheap explode-mobile isn't a loss.
Moving production in the west will create jobs and zero taxes on the products.
💯💯💯💯💯💯💯💯💯💯🤬🤬🤬🤬🤬🤬😡😡😡😡😡😡😡😡🥵🥵🥵🥵🥵
The presumption that none of these "looser" consumers are not employed directly or indirectly by the industry's being targeted by the Chinese is where your analysis falls over. So what frankly, if you have to pay more for products made in America if it keeps millions of Americans in good work and your economy less dependent in the likes of China. I just wish the UK would grow a pair and do similar.
Battle of fair and balanced trade..........
Winners: factory workers.
Loosers: The CCP.
Finally. Long overdue if you ask me
I live in Poznan. Just saw this today, though.
The EU is buying oil from India who buys from Russia - surprise
American foreign policy has not significantly changed from Trump to Biden. Kind of begs the question as to who is running the DC show behind the dog and Pony show there. And no, I do not recommend their medical / nutritional advice either.
China wants to destroy industry in the West - both parties are aware of this, which is why everyone supports tariffs. The EU will do the same, especially after problems with dependence on Russian raw materials, it will not want to become dependent on Chinese industry.
Really? Wasn’t trump shitting on our allies and trade partners?
@@Cryosxify
No, he was just bullying them into buying more American stuff.
Whoa how wild I’m in Warsaw right now. What you doing in Poland?? Pretty nice country!
1:12 the dove freaked me out, thought it was on my screen
Bears the Q what are our "allies" doing in regards to Chinese imports?
Deciding what to do. Hopefully they follow our lead
Some are tempted, in general they start to develop disdain for Chinese export practices.
The EU is having another stand up to the dictator wobble, I do not know why, China has the quarter of a trillion trade surplus with the EU we should re-shore and friend-shore, we are in the driving seat and should sort it out, it may lead to some shortages in the near term but better prospects in the long term!?!
ALLIES JUST BIY MORE XHINESE STUFF AND SELL IT TO USA... 😂
Too little, too late
Too little yes, but not way too late.
Peter, hope you enjoy Poznan. If you get a chance to tour the cathedral, my greats grandfathers lived in the caretaker hut in the back corner and took care of the grounds and cathedral for 4 generations - we left before the fires :)
Best wishes from Poland!
Peter, you have the ear of many people that matter. The gaping hole in these tariffs is Temu. Temu is gutting American consumable retailers.. and in turn wholesale consumables have all but disappeared.. this really matters, because it means in many cases there is no alternative to Temu (or their suppliers).
Independent retail is an American lifeblood, it trains entrepreneurial activity, it trains market awareness at a street level etc.. etc..
if you are entrepreneurial, you need product to be entrepreneurial with… or you take a mundane path.
This will cut into entrepreneurial activity at the same scale as the Chinese birth rate..
You really should go and see some nature in Poland.
By comparison to your other meterial this makes us look horrible.
Good.
Peter, welcome to Poland!🎉
100% tariff on EVs. China already has a factory in Mexico, and they say they had no plans to enter the US market. Chinese BYD EVs are being sold in Europe. Cheaper but more prone to catching on fire. The Chinese call them something like caskets on the roads. Without Chinese subsidy Tesla sales have not been hurt in China. BYD, Beyond Your Dreams 😂 Nightmares!
Thats why even tesla buys BYDs LFP batterys ha?
They say in China, "our EVs come with fireworks as a feature"
You've got the info wrong. BYD has LFP blade batteries which don't catch fire, even if they are punctured. It's top battery technology at the moment. US/EU need to catch up quickly if they want to compete here.
Tesla has got huge subsidies in China from the Chinese government, in fact Tesla is the most subsidised EV maker in China, it received more money than BYD
Actually BYD EVs are pretty great. Their battery tech is top of the line. They really are a threat to domestic EV industries
1:56 "The developing world...doesn't have the electrical system that's necessary to use electric vehicles." Really? News flash: The US doesn't have the electrical system to use electric vehicles either.
You kind of can. If you just charge it at home every night.
Nonsense. Last year the U.S. EV market grew 29% and added 1.2M new EVs. No issues with grid. Most EV charging is done off-peak overnight.
True, Peter Buttigeg briefed that months ago, the US has to upgrade their electrical grid, one problem is it is not regulated as much an some states (ie Texas) dont necessary follow rules well. I think the biggest thing from this is EV are coming. I have a Tesla and I can tell you, the range anxiety left after about 2-3 months, once you understand that everything uses power. It also makes you think of power in a different light, locally the Tesla is so simple, on road trips, you have to plan for more stops. I also give people the example, you don't see cassette tapes or pay phones anymore. Technology will outpace any legacy device and battery technology will improve. In the meantime, having an EV makes you become efficient, which helps you manage better in my opinion (opps forgot, the idiots in Chicago that all of them ran out of power, idiots, you can't wait to let your car go down, in colder environments, charging is slower, just physics).
Love your videos, can you talk about the relationship between China and the current state of Afghanistan and the road belt initiative! Great work u do!
Beware the law of unintended consequences.
With one side getting nothing out of the deal, they might do something crazy
They’re already planning to invade Taiwan if you haven’t noticed. And it’s predicated to come a year or two after the elections
Well done to President Biden 👏 💪 🦅
🇬🇧 ❤️ 🇺🇸
And up goes the real inflation
YIKES!
What about the Anglo countries, UK, Canada,OZ & NZ? Can China dump there?
They will.
@@waynesmith2287You mean “they do”
We (in Canada) need a lot of the stuff they have to offer, so I hope at least some of it comes our way.
Yes. Trudeau is Xi's little foot solider.
Is this the beginning of the end of the WTO, and global free trade in goods? Will we look back on this moment as we now look back on Smoot-Hawkey?
How do I bypass tariffs? I want one.
move to china
GOOD!
The point you are completely missing is that the existing tariff structure means that there is no trade between the US and China in these products anyway - this is tone setting for domestic politics in an election year.
They were planning for massive market entry, actually. Just like Temu.
These tariffs will prevent that.
It is to stop the market from being flooded.
This isn't going to help to reduce inflation one goddamn bit and will put further upward pressure on interest rate policy by the Fed.
Who cares? We had 20% interest in the 80’s got over it.
@@drachenmarke also wont help global warming...will go over 3 deg....but who cares...china more existential threat than climate
It has nothign to do with contorlling inflation as much as that the SENILE fool in the WH thinks he will help other industries that are union for his reelection bid, but they wont go into affect for a year or so after implimented.
Letting china monopolies car industries is about the same level as europes getting dependant on russian energy. What could possibly go wrong...
@@vicomte5047 you are right!
Hooray!
Good
They still have the russian market.
I am from putlerland and that gave me a chuckle. You mean swats of free land up in whats left of Sakha and Far east?
Who will pay for the installation of the charging station network?
Russia is extremely wide and the natural elements are very strong. Installing charger network in Russia is far more expensive than in US or EU.
@@JohnJaneson2449 That just enables a huge market for portable generators. I can almost see Igor installing a portable generator in the trunk of his brand new EV, yes it is not economical or ecological sane but its russia and anything goes....
Peter is in Poland ! 😍
Sorry.
It is wild that Peter wrote about these issues, that are happening today, years and years ago. I would love to see a podcast between him and Tony Seba.
Sounds good to me, is crap like temu and shein getting the tariff too?
They are subject to the tariffs too, but they get around that by shipping individually rather than in bulk to avoid the $800 lower limit per shipment for the tariffs to kick in.
Tariffs are a two edge sword. In the first instance they protect our domestic industries, but secondly by reducing access to more efficient production from other nations, force US consumers to pay more for products they use. Additionally, there is no incentive for domestic producers of the same goods to become more efficient or to sell at lower prices because they are protected from foreign competition. In the long run tariffs lead to capital misallocation.
I understand the Chinese are planning on building their cars in Mexico so they come in to the US tariffs free.
The issue with China is the manufacturing of products is NOT efficient production. It is efficient government subsidization.
@@ASmithee67just simple google you will realize that china dont subsidize EV anymore.. yet the US still do that.. hypocrite
The world is flat. When USA citizens pay higher prices for a terrible car while the rest of the world pay less for a better car. That will decrease the value of US dollars. The two parties of USA is frustrated playing a who is tougher to China game. It’s ridiculous but they have no other way