Germany should try making better EVs rather than relying on old legacy branding and blaming China. We all know German EV cars are poor, especially on software side.
Hahaha Software ... I am not looking for a car with "best software". I am looking for the best car to drive. In this aspect Teslas and Chinese are still behind the traditional german carmakers. Also don't care about cinema or other Schnickschnack in the car.
@@baronvonjo1929 Just because they see it as a glitter candy. Agree that most do not know anymore that the car is primarily not for watching movies. But if it can show you a movie then why not. Useless feature but there ...
The chinese are dumping products at or below cost to establish market share, then they pump up prices when their competitors are put out of business, classic monopolistic practices - they are just doing it with the full backing of the state, which suppresses chinese wages and provides bottomless cheap debt for chinese companies. China is very seriously at fault for increasing global tensions.
@@akakakakakak3084 Not fair started from the pipeline existing in the first place. You can't continue to fund your enemy and expect American taxpayers to protect you.
If there are 2 countries on earth I would trust operating and managing nuclear power generation, it was Japan, and also Germany. Yet look at what happened at Fukishima.
Tsunami Is a Japanese word. They knew there was a chance for it to happen, yet complacency kicked in and failed to waterproof electrical systems and move emergency generators upper from the ground.
@@THEPRESSTV USA has USA allies and Europe to embargo or add tariff but China and Russia have global south that can embargo or add tariff to USA allies.
@@amandagrant4331 Most 'German' cars outside of europe are not even made in Germany. Also Australian climate is different then Europe so it might add to extra wear and tear. My 2019 golf gti is still rock solid, never had a problem and just had to do basic maintaince like oil swap and tires...
The biggest advantage to China in all of these trade wars and trade restriction from US and EU is - the west self-entitlement, reluctancy to change, not wanting to humble down and do the basics, and overall in denial of the changing world order from west to the east and global south. China has a authoritarian government but their policies are flexible especially in economics, whereas the west has liberal governments but very rigid economic policy. China is more capitalist in many ways than the west. Very interesting contrast!
the world is no longer G7 centric. the developing world is the alternative market for China product when it losing the western market. American can impose high tariff on chinese products but then the chinese will sell to developing world instead. not end of the world. but western consumers should prepare for the high inflation.
Not counting China, the Developed world is still a much larger consumer market than the developing world, it isn't even close. It would be a big problem in the immediate term especially because domestic consumption is increasing at a slower pace than production in China and it has already saturated international markets with many products. You simply can't follow the export led growth model to fully developed status when you have 1.4 billion people like smaller places (Korea, Taiwan) can.
@ssssaa2 this is outdated. The last stat had ASEAN and BRICS countries account for $1.6 Trillion worth of Chinese exports, while US and EU only account for $1.38 trillion.
@@thoraero Not only that, but these smug EU bureaucrats laughed at Trump's face for suggesting that Germany should get off of Russian gas and starting pulling their own weight in defense spending. Now they're eagerly waiting for Trump's tarrifs to blame for everything
Until Tesla came along the Germans were happy to sell very expensive models with 150hp, now they woke up and started offering more powerful standard cars. It's a sign of how they do business basically
German automakers, particularly Audi, BMW and Mercedes, should recognise that their reputation has fallen apart and that they are no longer regarded as premium brands which replaced with Porsche. Chinese automobiles look quality, are affordable, and have current technology that BMW and Mercedes have failed to offer and compete on.
I toured with the German American Chamber of Commerce in 2019 exploring mobility solutions in Germany among the manufacturers and the government entities. There was a lot of talking.....but this current situation is what happens when there is no real leadership to make progress in one direction or the other. Five years of drift and now the panic? Were all of those kids working on their Fridays for nothing?
The profit rate of Tesla has grown 18% this quarter, the number for BYD is +13%. But for all the old brand Germany Autos, they all experienced decline in profit, ranging from -15% to -70%.
The main issue with the Western car industry is that it can't make a cheap car. Tariffs will NOT help them because Western people's purchasing power is diminishing due to inflation. I KNOW THE IDEA BEHIND TARIFFS ... Tariffs are created to be one of the sources of income to the government !!
@@izayaorihara7059 It has nothing to do with the free market. Governments simply need more money to fund their deficit budgets. That's the real reason. The US and EU Governments are not saints who protect their people.
@satriojumeneng7055 You assume something about my statement that is untrue. Fact is, for example, that the Chinese government massively subsidies the EV market while Germany hinders it's through their climate regulations. Chinese EVs are only so competitive because the government massively funds them, German cars became uncompetitive because the government massively regulated them. The last part is arguable in its effect, but it is still very relevant in practice.
@@izayaorihara7059 Since when as a people you feel that your government protected you? Why now suddenly your government is willing to protect your car industry???
If we, Americans, do not have any spare money, who's going to buy your cars, Germany? Tariffs hike is how we can get some money to buy your products eventually 🤷♀️
Poor Volkswagen employees will have to accept the changes. If they do, they might be able to keep some jobs in Germany. If not, they'll loose all jobs.
Dude, VW is not selling EVs because they are too expensive for what they actually are, not because there's no demand for EVs. I would be happy to pay VW 45k for an ID.4 instead of a Model Y but I just can't find it... because the same specs are 60K on the ID.4. Not even to talk about the ID.7 that goes up to 70k... VW is clearly doing something wrong in production efficiency... no wonder when you look at the amount of models, engines and gearboxes combinations that you can do...that's super inefficient. German manufacturers forgot to build cars for the ordinary people... you can sell only a limited number of Taycans and Q6 and those people will not change them every year... It's useless to sell me a 100k A6-etron when I want to buy a 30k updated e-golf... that's why people buy MG4. Please let the engineers build the cars, not the accountants or MBAs and they will start selling again.
@@havencat9337 Not really, it's the cost of labour, the cost of batteries, import taxes (that don't exist if you build and sell it in China), cost of energy...they add up quickly.
Big german car makers should reduce the price and compete with Korean and Japanese cars as the fossil fuel tech is old technology and they have already earned a lot from it !
Germany still has six research reactors, as that country, where the nuclear power/fission was discovered/developed by Lise Meitner and Otto Hahn, it just doesn't use it anymore to produce electricity, as that gets done by renewables by about 61 %, figures still raising... Germany is that country world wide, which has the safest energy supply with a "blackout rate" of max 15 minutes per year only... Car manufacturers are companies, which have managers...nothing to do with a country...
Oh well. VW's & BMW's stuff is junk any. Just like most stuff these days. Too many subcontractors involved. Too much unneeded equipment and too high of a price. 😞
German auto makers need to make better cars. Here in the US most people say German cars non reliable, and maintenance price is too high, and always have problems few yrs after purchase. No wonder why big consumers choose Japanese or domestic cars. No one wants to spend over 80k for cars have issues
I work with 2 makes of Chinese cars, and i would not say it's "high quality". Feel free to ask me why, as I'm changing out and doing diagnostics on them.
this from economies that has been excising tarifffs against US car imports for decades. Calling it a import duty or whatever else doesn't make it any different, you know.
There is a swahili proverb that says when the society ignores their young men, the young men will burn the village. This is exactly what is happening in the USA and Europe.
Does the EU produce more cars than it sells in the EU? I'm not sure it does. If you want to have a car industry in 10 years time then you need to keep Chinese cars out completely and only buy European cars. Hard luck for manufacturers who invested in China but business is risky and sometimes you lose. The UK used to have a large car industry but it played the free-trade game and lost nearly all of it.
Tesla gets 23% of the total revenue from China. Everybody will still buy the European luxury cars with tariffs in the US. High end Fashion too. We would be the big winner in the luxury car category by far. Trump has 2 Rolls Royce's, a Mercedes and a Ferrari. Elon Musk has 8 European cars, which luxury cars we buy from the US? Only Tesla! 2 British cars Elon drives. A Mclaren and a Jaguar. Let BYD in killing Tesla. The US would be the big loser. They lose by far on quality and status symbol cars rich people want. It's not even a battle. China is a way bigger market than the EU and the US market is smaller than the EU. I choose the market in China where 750 million people don't have a car yet and the billionaire rate is rising. You can put a 100% tariff on a Ferrari and you would be loved in the US/China like a king for driving one. Status is everything in the US.
30% of Volkswagen sales are from china alone. that is more than Germany itself. idk what EU stats are. If they shut doors for chinese cars, china will retaliate & it'll be end of European car industry. i don't see a way out for European cars. it will not end them but the decline is inevitable, unless they innovate & change fast, which is unlikely.
@@TranquiloTrev And the parallel is exactly the same: Chinese EVs are much better than any European EV and much, much cheaper. If you don't raise tariffs then your industry simply won't have time to adapt. The US has the right idea - 100% tariffs and 1000% if necessary. The UK was in thrall to the free-trading maniacs of the Thatcher-era. Hundreds of thousands of good jobs were lost forever.
@@shahinchoudhury8256 But it will retain industry and capacity within Europe. I really don't care what happens to VW in China - they will have to accept the loss there bit if they still have the European market then they will be ok. A spectacular misjudgment by management, of course, but try and compete with the Chinese on equal terms and there won't be a European industry within 10 years.
The European Union (EU) increased tariffs on electric vehicles made in China to as much as 45.3% on Wednesday after unsuccessful negotiations with the country. The bloc formally approved on Tuesday tariffs ranging from 7.8% to 35.3%, in addition to the EU's standard 10% car import duty
Everybody loses in a tariff war, but everybody rich will still buy European luxury cars. They are status symbols. High end fashion too. They would pay 100% tariffs for a Bugatti, Mercedes or Mclaren.
ICE is on the way out. The problem is that automakers didn't want to or couldn't produce affordable electric products. Automakers that are putting more money into developing ICE will go out of business that much faster. The dude on the right is wrong. They didn't have good quality EV products. Range is too low, cost is too hiqh, software sucks and quality is otherwise not great. Traditional automakers didn't want to commit to electrification. Listen to him and there will be no European auto industry in 10 years.
They already lost the China mkt and continue struggling to survive , news of large dealerships/ service centers closing for good , the outlook is very bleak tbh.
Tariffs would slow the transition to EVs down and make new EVs even more expensive... If car manufacturers had listened to the consumer like VW did when they first introduced the VW Beetle they would not have been in trouble. People are tired of expensive cars that are way to britle, complicated and hard to repair. Why are cars software locked? Why do we need speciality tools? Why do we need external diagnostic software when a new car already has the electronics to have this included in the vehicle? The greed of Western car manufacturers are just ridiculous and I hope the Chinese can give them a valuable lesson and make cars affordable and repairable again.
German carmakers is in a tough position, they can't just shift factory from one country to another without years of planning and execution, and US policy could be totally different in 4 years.
Recently I was inside a Tuekish Togg brand (I believe) Electric SUV and the interior quality and electronics and the ride quality was incredible !! My Audi etron SUV felt like a budget volkswagen interior when I stepped back into it. Togg was 57000 USD in Turkiye and Audi E-tron Q8 retails for 74400 USD in the US. Think of not having the luxury tax in Turkey and hypotheticall shipping cost of 1000USD that Turkish SUV can hit the shores here for 35000-40000 USD's. Let me tell you if that car came here with a good marketing investment it would smoke any American made SUV short of Tesla Model X, Cadillac LyriQ and Lucid Gravity all of which are way more expensive. Range and speed and torque was easily comparable... I feel like except for BMW and maybe a little bit less with Mercedes the interior quality and electronics are not up to par in VW group. Especially with elecric cars since there is no "character" in the drivetrain and parts are less producing a higher interior quality and high tech vehicle should be the PRIORITIES...
@@WSOJ3It's a strategy. As long as China let 8,619 US companies operate and profit from the huge Chinese market, China has a massive leverage on the US which will be useful later.
China is the largest car market in the world, far bigger than the US market, you want Germany to give up that market and be dependent on the US market?
Complacency, arrogance and exploiting consumers thinking they will always continue with their repetitive dumbfounded buying habits is a recipe for disaster
Real question here is will EU car companies start manufacturing more of their cars in the USA to dodge the tariff, or will they continue to produce in EU. Might mean layoffs in EU and in the immediate term, higher car prices in the USA.
Car markets behave like smartphone market, people wants a phone with plenty of features other than making phone calls and texting SMS. Now we know why European phone makers are not in the game anymore or are really weak player in the game; Siemens, Nokia, Ericsson You like it or not.. the market/consumers are the one that buying the stuff and you have to get with flow or you are out. Software is the one most consumers are focus on now days. and German cars are weak in software.
I agree that Europeans phone makers were slow to adapt thats why they failed then Microsoft also meddle with Nokia. About cars the Chinese are more into tech than most Europeans, for most Europeans Germans cars are expensive and most regular consumers just want a simple car that’s why the Dacia sandero is the best selling car in Europe saying that in ev’s Tesla is the bestseller and most have higher incomes or are business owners. To understand the car market fragmentation nowadays ,in my country 80% of new car sold were brought by companies that are less price sensitive compared to the average joe. The French are trying meanwhile the Germans especially vw are afraid of devaluing vw car prices to become again the people’s car and fighting against progress and thus aldo losing the Chinese market
Trump’s proposed Tarrif on all imported goods will mean at least a 5 to 8% increase in the price of domestic motor vehicles. American autos have a tremendous number of imported parts and electronics. So vehicles that are not affordable to most Americans will even be more expensive. So the only people who can afford them are the billionaires who Trump is giving them a big tax cut
Tesla delivered a total of 462,890 vehicles in the third quarter of 2024, comprised of 439,975 Model 3/Y and 22,915 Model S/Model X/Cybertruck/Semi. These numbers, while falling short of the Street’s whisper numbers, were enough for Tesla to become the world’s largest seller of battery electric vehicles (BEVs) in Q3 2024, exceeding Chinese automaker BYD.
Brazil Liberals wanted to be like the US, low taxes, low tariffs, not have industries and no state intervention in the economy, not what do the Workers' Party that won the last 5 elections wants and thinks for Brazil, for the past 24 years this is the fight in Brazilian politics. Now the US is doing what Brazil does, it's a real turn around, and the Brazilian Liberals are speechless. With that said, the EU Car Industry already knows how to deal with that, because they do it with Brazil, just build manufacturing plants in the US. That will help EU Car Companies, but not the EU workers, the EU works will lose their jobs. But is that a real option, is the US really going to let EU Car Companies build manufacturing plants in the US, or do they only want US Car Companies in the US? Remember that their slung is "America First".
Thirty years ago, the US advocated "globalization" because US manufacturing was in an advantage. Thirty years later, the US advocated "de-globalization" because US manufacturing was at a disadvantage.
@@amandagrant4331 American globalism assumed that following economic integration social liberalization would happen. Basically once they got to experience blue jeans and McDonalds folks would throw down there authoritarians and adopt western ideals including mutual free trade. What they found was authoritarian regimes could work in parallel to the west and use their own protectionism to protect their society from liberalization while realizing competitive advantages threw predatory trade. Even through this has been apparent for decades big business interests preferred to make money of the global markets even if at the cost of national interests. Now populism is rising and national interests are overriding corporate interests.
@@link10909 The first country Trump visited after his last election was Saudi Arab. Obviousily, the US has no antipathy to dictatorships lacking industry.
When US enterprises have the advantage, they will shout "Free trade is the most important". When US enterprises are at a disadvantage, they will complain "National security is threatened".
The tariffs shouldn't matter to the EU car companies. The US car companies are still sell low quality vehicles at a exorbitant rate and have been because of the greed. Now its catching up to them. EU car companies can reduce the profit margins a bit to cover for the tarrifs. Now I know that will never happen, they will just cry how they are not making tons and tons of money.
So France and Italy alone represent a bigger market than the US, what are you complaining about? Make better cars, you have the EU market to sell them to.
What the heck .the whole world and I mean for over 50 years these big companies made money like uc nt imagine.more how long will u be doing this without someone else making a nice affordable sports car or luxury car for cheaper.the buck has to stop
I don’t understand why Europe is so upset about America wanting equal and reciprocal tariff structure. They want tariffs on USA but don’t want them applied back on EU
Never drank the koolaid on BEVs? What is wrong with this guy with the stalling on BEVs? There is no alternative to stopping the combustion and people like him are a major reason for humanity missing its targets.
Jim Farley Ford CEO shipped a Xiaomi SU7 max from China, drives it daily last 6 months and doesn't want to give it back, US and EU to much paperwork as ever the public miss out.
Do you know dear viewers the core reason of Deutsch Automakers are declining in sales marketing, I saw in Africa and Asia the dominant Automakers are from China and Japan because they are cheap and very affordable + very accessible for spare parts. If you do have a German automobile in Africa and at the same time is shattered for spare parts you have to contact Germany.. Which is funny and wasting of too much time and money!
So much money and so much talent and big network of offices all over the planet snd yet these german car companies high profit high greed levels kept on waiting untill a good ev car company came to office .atleast now they'll understand and not overengineer and pull up their Sox and make good wheelers
It’s rather sad that their only solution is to block, rather than to try to make better EVs than the Chinese. That would the best solution for the consumer.
The US will maintain its Legacy cars production whereas the remaining 85% - 90% of the World population will be switching to EV's in the next 10 - 15 years !
![[#2024MAMA] G-DRAGON - 무제(Untitled, 2014)+POWER+HOME SWEET HOME+뱅뱅뱅+FANTASTIC BABY | Mnet 241123 방송](http://i.ytimg.com/vi/Ox29z5Nf1Uk/mqdefault.jpg)
German carmakers were already in hot water before trump
Another try at bashing Trump, like he is the issue with VW’s made in Mexico and Chinese EV’s 😂
blaming trump while they bassically sanction themself.woke goverment always think in alter reality
VW started in the 50s and they were already outsourcing to Mexico in the 70s. For another 50 years, this was not a problem for EU workers.
Make TOYOTA 🗾 Great Again 😎 Scotty Kilmer
USA has USA allies and Europe to embargo or add tariff but China and Russia have global south that can embargo or add tariff to USA allies.
German auto makers have been resting on their laurels for decades. Make a competitive product at a competitive price and you will be fine.
Hi, SKODA ! like in the OLD days.
Yo ! capitalism is good until is working in your favor!!! Chinese is bad because taking their profit
Make TOYOTA Prius Great Again 😎 Scotty Kilmer
USA has USA allies and Europe to embargo or add tariff but China and Russia have global south that can embargo or add tariff to USA allies.
German manufacturers are used to producing high-priced and low-quality cars.
Germany should try making better EVs rather than relying on old legacy branding and blaming China. We all know German EV cars are poor, especially on software side.
Poor 🧐😑 OK
Hahaha Software ... I am not looking for a car with "best software". I am looking for the best car to drive. In this aspect Teslas and Chinese are still behind the traditional german carmakers. Also don't care about cinema or other Schnickschnack in the car.
You can’t afford any that’s why you are mad
@@TTr3eSoftware seems to be the name of the game these days for the people actually buying new cars.
@@baronvonjo1929 Just because they see it as a glitter candy. Agree that most do not know anymore that the car is primarily not for watching movies. But if it can show you a movie then why not. Useless feature but there ...
Why German car makers not competitive? China's fault I see. Always someone else is at fault never take responsibility.
When Chinese came to Africa, they talked about trade.
When US people came to Africa, they talked about China.
they are. but they are not made with slave labor and not subsidized by the government.
Ccp doesn’t honor their contracts in China. Make China great again is first. I’m not joking
The chinese are dumping products at or below cost to establish market share, then they pump up prices when their competitors are put out of business, classic monopolistic practices - they are just doing it with the full backing of the state, which suppresses chinese wages and provides bottomless cheap debt for chinese companies. China is very seriously at fault for increasing global tensions.
EU: proceeds to impose tariffs on chinese EVs
US: proceeds to impose tariffs on all imported goods, including European cars
EU: 😮
USA has USA allies and Europe to embargo or add tariff but China and Russia have global south that can embargo or add tariff to USA allies.
EU says, "Hey! That's not fair!!! Come on, guys. It's us. "
@@theotheleo6830 Not fair started from the Nord Stream pipeline blown up.
@@akakakakakak3084 Not fair started from the pipeline existing in the first place. You can't continue to fund your enemy and expect American taxpayers to protect you.
ORANGE MUSTACHE MAN 🍊😂😆😅🤣
Energy is so expensive in Germany and they ended up destroying their nuclear energy industry, what a tomfoolery action to take...
If there are 2 countries on earth I would trust operating and managing nuclear power generation, it was Japan, and also Germany. Yet look at what happened at Fukishima.
@@maximilliancunningham6091 tbf, that was due to a tsunami.
@maximilliancunningham6091 accident happens, even risk averse Germans are not free from accident.
Germany should build more solar power stations. When the scale is large enough, the unit cost will drop.
Tsunami Is a Japanese word. They knew there was a chance for it to happen, yet complacency kicked in and failed to waterproof electrical systems and move emergency generators upper from the ground.
difficult to repair and unnecessary proprietary tools. they even make difficult to change oil at home. AVOID GERMAN CARS at all cost.
And chinese 😂
no no no ... Dive solid german cars. Avoid the shiny cans on wheels of the new Trumps wife - the Elonia Musk.
@@THEPRESSTV USA has USA allies and Europe to embargo or add tariff but China and Russia have global south that can embargo or add tariff to USA allies.
In Australia, German cars have a bad reputation
@@amandagrant4331 Most 'German' cars outside of europe are not even made in Germany. Also Australian climate is different then Europe so it might add to extra wear and tear. My 2019 golf gti is still rock solid, never had a problem and just had to do basic maintaince like oil swap and tires...
Soon German car industry will look like Italian car industry.
You wish
Make TOYOTA Tacoma Great Again 😎 Scotty Kilmer
More like the British car industry
Why? They sell lots of cars to Europeans. More Europeans can afford a Mercedes, Audi or Porsche, than Americans can afford such a car.
@@MissRed92837really??? You are misinformed 😂 see where cars are sold !!!
We’re scared of Chinese selling way cheaper cars but companies like Ford and Dodge are selling average cars like they’re high end luxury cars. Smh
The biggest advantage to China in all of these trade wars and trade restriction from US and EU is - the west self-entitlement, reluctancy to change, not wanting to humble down and do the basics, and overall in denial of the changing world order from west to the east and global south.
China has a authoritarian government but their policies are flexible especially in economics, whereas the west has liberal governments but very rigid economic policy. China is more capitalist in many ways than the west. Very interesting contrast!
It is not, anything in china depends on one guy.
Well said, china is a capitalist economy and very quick to adapt unlike the west and Europe
@@alexypolivany7148 you need help.
CN's government is a lot more democratic than Westerners believe. Just compare Ger and CN approval ratings.
@@alexypolivany7148That one guy is really doing great
As if China would not take any counter measures 😂 please get analysts who can see past the end of their noses 😂
the world is no longer G7 centric. the developing world is the alternative market for China product when it losing the western market. American can impose high tariff on chinese products but then the chinese will sell to developing world instead. not end of the world. but western consumers should prepare for the high inflation.
I bought a BYD Dolphin in Australia, this is the best car I have ever driven in my life.
Not counting China, the Developed world is still a much larger consumer market than the developing world, it isn't even close. It would be a big problem in the immediate term especially because domestic consumption is increasing at a slower pace than production in China and it has already saturated international markets with many products. You simply can't follow the export led growth model to fully developed status when you have 1.4 billion people like smaller places (Korea, Taiwan) can.
@ssssaa2 this is outdated. The last stat had ASEAN and BRICS countries account for $1.6 Trillion worth of Chinese exports, while US and EU only account for $1.38 trillion.
Now they're happy because they can blame Trump for their own mistakes.
I remember they were so loud against Trump's tariffs in his first term. And Biden upheld Trump's trade legacy when he came to the office.
@@thoraero Not only that, but these smug EU bureaucrats laughed at Trump's face for suggesting that Germany should get off of Russian gas and starting pulling their own weight in defense spending. Now they're eagerly waiting for Trump's tarrifs to blame for everything
Until Tesla came along the Germans were happy to sell very expensive models with 150hp, now they woke up and started offering more powerful standard cars. It's a sign of how they do business basically
German automakers, particularly Audi, BMW and Mercedes, should recognise that their reputation has fallen apart and that they are no longer regarded as premium brands which replaced with Porsche. Chinese automobiles look quality, are affordable, and have current technology that BMW and Mercedes have failed to offer and compete on.
I toured with the German American Chamber of Commerce in 2019 exploring mobility solutions in Germany among the manufacturers and the government entities. There was a lot of talking.....but this current situation is what happens when there is no real leadership to make progress in one direction or the other. Five years of drift and now the panic? Were all of those kids working on their Fridays for nothing?
Meanwhile Chinese companies fast and adapt to new markets very quickly
The profit rate of Tesla has grown 18% this quarter, the number for BYD is +13%.
But for all the old brand Germany Autos, they all experienced decline in profit, ranging from -15% to -70%.
The main issue with the Western car industry is that it can't make a cheap car. Tariffs will NOT help them because Western people's purchasing power is diminishing due to inflation.
I KNOW THE IDEA BEHIND TARIFFS ... Tariffs are created to be one of the sources of income to the government !!
And to equalize the free market that hasn't been free for decades through government subsidies.
@@izayaorihara7059 It has nothing to do with the free market. Governments simply need more money to fund their deficit budgets. That's the real reason.
The US and EU Governments are not saints who protect their people.
@satriojumeneng7055
You assume something about my statement that is untrue. Fact is, for example, that the Chinese government massively subsidies the EV market while Germany hinders it's through their climate regulations. Chinese EVs are only so competitive because the government massively funds them, German cars became uncompetitive because the government massively regulated them. The last part is arguable in its effect, but it is still very relevant in practice.
@@izayaorihara7059 Since when as a people you feel that your government protected you? Why now suddenly your government is willing to protect your car industry???
@@satriojumeneng7055 your comment does not make contextually sense. What are you talking about?
Hopefully europe stands together on this and at the same time lessens the need of usa... So more domestic production if possible.
If we, Americans, do not have any spare money, who's going to buy your cars, Germany? Tariffs hike is how we can get some money to buy your products eventually 🤷♀️
Russia is risky. De-risk!
China is risky. De-risk!
USA is risky. De-risk!
USA has USA allies and Europe to embargo or add tariff but China and Russia have global south that can embargo or add tariff to USA allies.
Poor Volkswagen employees
Poor American drivers
U mean the ones in Mexico? Hardly any shipped to the US come from Germany
Poor Volkswagen employees will have to accept the changes. If they do, they might be able to keep some jobs in Germany. If not, they'll loose all jobs.
@@stevelamprou
Great episode covering future for automotive industry ❤❤❤. Keep it up
German industry needs to solve its fundamental energy security issue before it can truly get back to any sort of sustainable growth model.
usa lng can help😂😂😂
Dude, VW is not selling EVs because they are too expensive for what they actually are, not because there's no demand for EVs.
I would be happy to pay VW 45k for an ID.4 instead of a Model Y but I just can't find it... because the same specs are 60K on the ID.4. Not even to talk about the ID.7 that goes up to 70k... VW is clearly doing something wrong in production efficiency... no wonder when you look at the amount of models, engines and gearboxes combinations that you can do...that's super inefficient.
German manufacturers forgot to build cars for the ordinary people... you can sell only a limited number of Taycans and Q6 and those people will not change them every year... It's useless to sell me a 100k A6-etron when I want to buy a 30k updated e-golf... that's why people buy MG4. Please let the engineers build the cars, not the accountants or MBAs and they will start selling again.
the price of vw ID4 in China is 20000USD😂
@@jt-ttt it's fine, I want to pay 40k in Europe to have better paid workers but it starts at 50k lol
in China the same car its less then half, same exact German car... how do you feel about that? i personally think theres some greed going on
@@havencat9337 Not really, it's the cost of labour, the cost of batteries, import taxes (that don't exist if you build and sell it in China), cost of energy...they add up quickly.
Big german car makers should reduce the price and compete with Korean and Japanese cars as the fossil fuel tech is old technology and they have already earned a lot from it !
They can not, as their cost is high
Over capacity of production!
Yes, really at risk, the future is new energy cars.
Better diesels with better diesel swindle software! According to VW, diesel is the future.
Germany abandoning nuclear energy and electric vehicles is a major self own.
Germany still has six research reactors, as that country, where the nuclear power/fission was discovered/developed by Lise Meitner and Otto Hahn, it just doesn't use it anymore to produce electricity, as that gets done by renewables by about 61 %, figures still raising...
Germany is that country world wide, which has the safest energy supply with a "blackout rate" of max 15 minutes per year only...
Car manufacturers are companies, which have managers...nothing to do with a country...
Watching the change in rhetoric on EVs, the true colors of the US and EU showing, and them pooping their pants is really something
Survival over ethics
Trump is unpredictable so is his future policy towards European automakers.
Let the CIRCUS begins....
Oh well. VW's & BMW's stuff is junk any. Just like most stuff these days. Too many subcontractors involved. Too much unneeded equipment and too high of a price. 😞
Well those Russian cars are really sick
Remember the Marshall Plan - designed to rebuild Germany after WWII - but now we don't want their products..
people only buy VW out of nostalgia, not because the US made in Mexico models are great machines
@humanipulationnation My feelings exactly.
Make TOYOTA Tundra Great Again 😎 Scotty Kilmer
Electric cars are great ? No for Germany
German auto makers need to make better cars. Here in the US most people say German cars non reliable, and maintenance price is too high, and always have problems few yrs after purchase. No wonder why big consumers choose Japanese or domestic cars. No one wants to spend over 80k for cars have issues
If the German car industry could make cars that people want, they wouldn't have any problems whatsoever.
good quality journalism
But Germany makes cars in the USA and export from USA to Latin America - very few cars are sent from Germany
Yeah, nothing like going to the VW dealer for a German car and seeing “made in Pueblo, Mexico” 😂
I work with 2 makes of Chinese cars, and i would not say it's "high quality". Feel free to ask me why, as I'm changing out and doing diagnostics on them.
Many are quality equal to any other brands, some not but many yes
I don't need to ask you, I know that they are subpar compared to Western carmakers.
Gregor Sebastian ..... Senior Analyst after only 3 years of work experience ..... thats crazy......
US car makers are doing bad in Europe. Now they want to tariff EU car brands?
Make better cars instead of bulky heavy gas drains. 😂
They can decide whatever they want. Yet you use Ford as your Polizei car
this from economies that has been excising tarifffs against US car imports for decades. Calling it a import duty or whatever else doesn't make it any different, you know.
And what do you say about the slumping sales of European cars in China? Make better cars?
The EU should just join BRICS, lmao. 😂
EU, hypocrisy at it's peak.
There is a swahili proverb that says when the society ignores their young men, the young men will burn the village. This is exactly what is happening in the USA and Europe.
Not too much chance i see until the end of this century for the great peak of german industry,😮 but at least the happiness can be in focuds.
Poor mind sets are comparing Cosmetics care to real cars😂
Does the EU produce more cars than it sells in the EU? I'm not sure it does. If you want to have a car industry in 10 years time then you need to keep Chinese cars out completely and only buy European cars. Hard luck for manufacturers who invested in China but business is risky and sometimes you lose. The UK used to have a large car industry but it played the free-trade game and lost nearly all of it.
The UK lost it's car industry because it was no good. Even Brits would not buy their cars. I am saying this as a Brit who bought my first car in 1970.
Tesla gets 23% of the total revenue from China. Everybody will still buy the European luxury cars with tariffs in the US. High end Fashion too. We would be the big winner in the luxury car category by far. Trump has 2 Rolls Royce's, a Mercedes and a Ferrari. Elon Musk has 8 European cars, which luxury cars we buy from the US? Only Tesla! 2 British cars Elon drives. A Mclaren and a Jaguar.
Let BYD in killing Tesla. The US would be the big loser. They lose by far on quality and status symbol cars rich people want. It's not even a battle. China is a way bigger market than the EU and the US market is smaller than the EU. I choose the market in China where 750 million people don't have a car yet and the billionaire rate is rising. You can put a 100% tariff on a Ferrari and you would be loved in the US/China like a king for driving one. Status is everything in the US.
30% of Volkswagen sales are from china alone.
that is more than Germany itself.
idk what EU stats are.
If they shut doors for chinese cars, china will retaliate & it'll be end of European car industry.
i don't see a way out for European cars.
it will not end them but the decline is inevitable, unless they innovate & change fast, which is unlikely.
@@TranquiloTrev And the parallel is exactly the same: Chinese EVs are much better than any European EV and much, much cheaper.
If you don't raise tariffs then your industry simply won't have time to adapt.
The US has the right idea - 100% tariffs and 1000% if necessary.
The UK was in thrall to the free-trading maniacs of the Thatcher-era. Hundreds of thousands of good jobs were lost forever.
@@shahinchoudhury8256 But it will retain industry and capacity within Europe.
I really don't care what happens to VW in China - they will have to accept the loss there bit if they still have the European market then they will be ok.
A spectacular misjudgment by management, of course, but try and compete with the Chinese on equal terms and there won't be a European industry within 10 years.
No risk. The trajectory to failure is very certain. Keep refusing to go fully electric.
… the silence of Nord Stream’s lambs …
Vanya, what is the connection between Nord Stream and Chinese unfair subsidy and US tariffs?
Ursula said “why Europe doesn't import cheaper natural gas from the US?"
The European Union (EU) increased tariffs on electric vehicles made in China to as much as 45.3% on Wednesday after unsuccessful negotiations with the country. The bloc formally approved on Tuesday tariffs ranging from 7.8% to 35.3%, in addition to the EU's standard 10% car import duty
Everybody loses in a tariff war, but everybody rich will still buy European luxury cars. They are status symbols. High end fashion too. They would pay 100% tariffs for a Bugatti, Mercedes or Mclaren.
ICE is on the way out. The problem is that automakers didn't want to or couldn't produce affordable electric products. Automakers that are putting more money into developing ICE will go out of business that much faster.
The dude on the right is wrong. They didn't have good quality EV products. Range is too low, cost is too hiqh, software sucks and quality is otherwise not great. Traditional automakers didn't want to commit to electrification. Listen to him and there will be no European auto industry in 10 years.
They already lost the China mkt and continue struggling to survive , news of large dealerships/ service centers closing for good , the outlook is very bleak tbh.
Remember Greta? the how dare you girl ? The EV storm started in Europe and now you tell us it has backfired on the home? That’s an astounding plot.
Tariffs would slow the transition to EVs down and make new EVs even more expensive... If car manufacturers had listened to the consumer like VW did when they first introduced the VW Beetle they would not have been in trouble. People are tired of expensive cars that are way to britle, complicated and hard to repair. Why are cars software locked? Why do we need speciality tools? Why do we need external diagnostic software when a new car already has the electronics to have this included in the vehicle?
The greed of Western car manufacturers are just ridiculous and I hope the Chinese can give them a valuable lesson and make cars affordable and repairable again.
German carmakers is in a tough position, they can't just shift factory from one country to another without years of planning and execution, and US policy could be totally different in 4 years.
Big 3 german makers makes their cars in america
And in china
I love my quality built Mercedes-Benz❤
Recently I was inside a Tuekish Togg brand (I believe) Electric SUV and the interior quality and electronics and the ride quality was incredible !! My Audi etron SUV felt like a budget volkswagen interior when I stepped back into it. Togg was 57000 USD in Turkiye and Audi E-tron Q8 retails for 74400 USD in the US. Think of not having the luxury tax in Turkey and hypotheticall shipping cost of 1000USD that Turkish SUV can hit the shores here for 35000-40000 USD's.
Let me tell you if that car came here with a good marketing investment it would smoke any American made SUV short of Tesla Model X, Cadillac LyriQ and Lucid Gravity all of which are way more expensive.
Range and speed and torque was easily comparable... I feel like except for BMW and maybe a little bit less with Mercedes the interior quality and electronics are not up to par in VW group. Especially with elecric cars since there is no "character" in the drivetrain and parts are less producing a higher interior quality and high tech vehicle should be the PRIORITIES...
There is no chinese ev in the US
Regardless, Europe especially germany is gone.
They Democratically Self destructed. This is why you cant allow people to vote. 10/10 times they will vote themselves off a cliff.
Then so is USA where they gonna sell ??
Wow, you are so clever.
Germany should have taken inspiration from India and stayed neutral. It's the only way to serve your own national interests.
@@rodmarker2071 USA is largest consumer market on the planet. Equal to Europe, China, Japan, & India combined.
What a BS. Stats show like 70% people would love BEV if price, range and infrastructure would be right.
The US just needs to call the china cars a security threat and done, no cars, period.
Chinese cars don't sell in US so ....
There’s no Chinese cars in US to begin with, but the same can’t be said for American cars in China though…
China should kick Tesla and German junk cars out of Chinese market.
It's not like China intend to sell to the US anyway, so US is doing too much at this point 🤷🏻♂️
@@WSOJ3It's a strategy. As long as China let 8,619 US companies operate and profit from the huge Chinese market, China has a massive leverage on the US which will be useful later.
Plenty of vw,bmw,and Mercedes are made in the USA and Mexico. They'll be fine.
American cars are awful, most american wont drive anything but their fullsize trucks.
There are the Indian, Brazil , Chinese market.
Germany should raise tariffs on Chinese cars to 100% in order to keep its beloved legacy industry safe🎉
VW doubling down on its China ops. Not sure if this is a good idea?
China is the largest car market in the world, far bigger than the US market, you want Germany to give up that market and be dependent on the US market?
A dog should never bite its owner. Just saying.
Make German cars great again.
German automotive should make an EV at max 20000 euro, like the chinese, or new, Hyundai has a EV at 20000 us dollars.
Complacency, arrogance and exploiting consumers thinking they will always continue with their repetitive dumbfounded buying habits is a recipe for disaster
Poor Germany, your father US is going to give up you, should you beg for a mercy hahahahahaha.
Carbon emission will be minimised
To create an antagonistic
perception about Trump it is not good .
Real question here is will EU car companies start manufacturing more of their cars in the USA to dodge the tariff, or will they continue to produce in EU. Might mean layoffs in EU and in the immediate term, higher car prices in the USA.
Car markets behave like smartphone market, people wants a phone with plenty of features other than making phone calls and texting SMS.
Now we know why European phone makers are not in the game anymore or are really weak player in the game; Siemens, Nokia, Ericsson
You like it or not.. the market/consumers are the one that buying the stuff and you have to get with flow or you are out.
Software is the one most consumers are focus on now days. and German cars are weak in software.
German manufacturers misjudged the market, just like Nokia many years ago.
I agree that Europeans phone makers were slow to adapt thats why they failed then Microsoft also meddle with Nokia.
About cars the Chinese are more into tech than most Europeans, for most Europeans Germans cars are expensive and most regular consumers just want a simple car that’s why the Dacia sandero is the best selling car in Europe saying that in ev’s Tesla is the bestseller and most have higher incomes or are business owners.
To understand the car market fragmentation nowadays ,in my country 80% of new car sold were brought by companies that are less price sensitive compared to the average joe.
The French are trying meanwhile the Germans especially vw are afraid of devaluing vw car prices to become again the people’s car and fighting against progress and thus aldo losing the Chinese market
You must understand that the tariffs are simply a way to extort companies into making BRIBES to HIM.
don't worry us in the rest of the world will have more options in EV's
Interest times ahead!
Trump’s proposed Tarrif on all imported goods will mean at least a 5 to 8% increase in the price of domestic motor vehicles. American autos have a tremendous number of imported parts and electronics. So vehicles that are not affordable to most Americans will even be more expensive. So the only people who can afford them are the billionaires who Trump is giving them a big tax cut
Tesla delivered a total of 462,890 vehicles in the third quarter of 2024, comprised of 439,975 Model 3/Y and 22,915 Model S/Model X/Cybertruck/Semi. These numbers, while falling short of the Street’s whisper numbers, were enough for Tesla to become the world’s largest seller of battery electric vehicles (BEVs) in Q3 2024, exceeding Chinese automaker BYD.
And?
Trump is back
This is sad for DWnews
Germany just looking for who to blame except themselves
Brazil Liberals wanted to be like the US, low taxes, low tariffs, not have industries and no state intervention in the economy, not what do the Workers' Party that won the last 5 elections wants and thinks for Brazil, for the past 24 years this is the fight in Brazilian politics. Now the US is doing what Brazil does, it's a real turn around, and the Brazilian Liberals are speechless.
With that said, the EU Car Industry already knows how to deal with that, because they do it with Brazil, just build manufacturing plants in the US. That will help EU Car Companies, but not the EU workers, the EU works will lose their jobs.
But is that a real option, is the US really going to let EU Car Companies build manufacturing plants in the US, or do they only want US Car Companies in the US? Remember that their slung is "America First".
Thirty years ago, the US advocated "globalization" because US manufacturing was in an advantage.
Thirty years later, the US advocated "de-globalization" because US manufacturing was at a disadvantage.
@@amandagrant4331 American globalism assumed that following economic integration social liberalization would happen. Basically once they got to experience blue jeans and McDonalds folks would throw down there authoritarians and adopt western ideals including mutual free trade. What they found was authoritarian regimes could work in parallel to the west and use their own protectionism to protect their society from liberalization while realizing competitive advantages threw predatory trade.
Even through this has been apparent for decades big business interests preferred to make money of the global markets even if at the cost of national interests. Now populism is rising and national interests are overriding corporate interests.
@@link10909
The first country Trump visited after his last election was Saudi Arab.
Obviousily, the US has no antipathy to dictatorships lacking industry.
Free trade is death?
When US enterprises have the advantage, they will shout "Free trade is the most important".
When US enterprises are at a disadvantage, they will complain "National security is threatened".
Is Europe really that dependent of usa? Can´t we leave usa alone when thats what they want as democratic country? I think we can survive without trump
The tariffs shouldn't matter to the EU car companies. The US car companies are still sell low quality vehicles at a exorbitant rate and have been because of the greed. Now its catching up to them. EU car companies can reduce the profit margins a bit to cover for the tarrifs. Now I know that will never happen, they will just cry how they are not making tons and tons of money.
Cost of USA doormat is not cheap... and your own fault of not innovating earlier when you had advantage before adventure of chinese electric cars.
So France and Italy alone represent a bigger market than the US, what are you complaining about? Make better cars, you have the EU market to sell them to.
10% tariff is ok
What the heck .the whole world and I mean for over 50 years these big companies made money like uc nt imagine.more how long will u be doing this without someone else making a nice affordable sports car or luxury car for cheaper.the buck has to stop
But, but, but, America is a friendly ally to Europe right? 😂😂😂😂😂
Ally doesn't mean giving US's money to Europe.
Trump is not generous.
I don’t understand why Europe is so upset about America wanting equal and reciprocal tariff structure. They want tariffs on USA but don’t want them applied back on EU
Gregor can get it
Me built german car, me not driving it, me no money. Me built, Me money, me driving, them no profit, them not making any cars.
Never drank the koolaid on BEVs? What is wrong with this guy with the stalling on BEVs? There is no alternative to stopping the combustion and people like him are a major reason for humanity missing its targets.
Jim Farley Ford CEO shipped a Xiaomi SU7 max from China, drives it daily last 6 months and doesn't want to give it back, US and EU to much paperwork as ever the public miss out.
The Xiaomi CEO drives a Ferrari so what's your point
@everypitchcounts4875 I sense a few tears there Son, why is that?
Do you know dear viewers the core reason of Deutsch Automakers are declining in sales marketing, I saw in Africa and Asia the dominant Automakers are from China and Japan because they are cheap and very affordable + very accessible for spare parts.
If you do have a German automobile in Africa and at the same time is shattered for spare parts you have to contact Germany..
Which is funny and wasting of too much time and money!
So much money and so much talent and big network of offices all over the planet snd yet these german car companies high profit high greed levels kept on waiting untill a good ev car company came to office .atleast now they'll understand and not overengineer and pull up their Sox and make good wheelers
It’s rather sad that their only solution is to block, rather than to try to make better EVs than the Chinese. That would the best solution for the consumer.
In a running race, it is easier to stop your opponent from running fast than to run faster yourself.
The US will maintain its Legacy cars production whereas the remaining 85% - 90% of the World population will be
switching to EV's in the next 10 - 15 years !