The importer will not import anymore. Its pretty simple. But the problem with this is that the local competitors often increase their prices to and then the consumers are the losers in the end.
India is still relatively poor. Mejority of population can't buy local made cheap cars. Imported cars are puchased by wealthy people. Its tax toward them.
Wrong! You are assuming that the Americans are still going to pay for highly tariffed Chinese products. If BYD and Tesla are priced same then people are going to chose Tesla over BYD and so on... this directly impacts China.
You forgot that America does not have the capacity right now to produce all the products that we use. It will take years. Furthermore, America has not done it because factories bring huge amounts of pollution.
The idea of tariff is to make it more expensive to buy and they have to compete with local manufacturers. If the gap is narrow, then buyers might buy local stuff. Reduced sales of imported items is the strategy. By up your thinking ,you assume the buyers will buy imported items if their price is same as locals. Time will tell.
This is where a weak Rupee is going to benefit Indian exports. Even if tariffs are imposed, the retail cost will still be less than anything that is manufactured in US.
USA is acting like a drawing person gasping for air😂 goodbye legendary USA. It sounds more like USA people will not be able to even effort Chinese goods. It's like let's make USA poor again
The tariffs are not only on cars. It's on everything coming from China and other countries. The U.S. does not manufacture many of the items that come from China. Household items such as electronics, (TVs and computers.), kitchen gadgets, toasters, exercise machines, chef's kitchen knives, (made from Japanese steel but made in China.) My LG TV and LG cell phone was made in Korea, my computer was made in China, my exercise machine...made in China. My Chevrolet Trailblazer ...made in Korea. It will take years for the U.S. to shift manufacturing all of these items to American factories. Trump will be gone by then. All he will be remembered for is creating a mess.
American trucks ( chevy, dodge etc) are not selling even if they were made in USA. Why?//????? because ridicules price...$90000 to $120000. not worth it. garbage quality
It's also not accurate to say that anything will be created next Monday in America. Next Monday will be a federal holiday. Over 90% of federal employees will have the day off from work. Beyond that, setting up another federal agency will take legislative involvement. In other words, the 12 hours starting at noon when he gets the keys to the white house are not enough in the remainder of the day for legislation to get passed and the process of hiring people for a new agency to be done. Have facts first, RUclips second.
Tariffs (much like sanctions) don’t work, and eventually fail! For example, China could easily export its products to the US through other countries. Besides, the inefficiencies and inflationary pressures arising from tariffs will force the US manufacturers to strike deals with the US lawmakers; thereby leading to greater corruption and chaos, forcing the policy to be revised. Politically the influential power of the US will diminish as other cheaper manufacturing economies gain greater power. Tariffs are a losing game! 🤦🏻♀️🤦🏻♀️🤦🏻♀️🤦🏻♀️
Palki missed the point. Tariffs are intended to make foreign goods more expensive and local goods more competitive. YES the tax is not coming out of the pockets of china, but it hurts their sales and marketability. So in a way, TARIFFS does hurt. Canada's ontario region this week estimated they will lose half a million jobs due to american tariffs. Trumps tariffs is not a revenue grab...but a penalty on imports hence a boost on local/american manufacturing/jobs.
THE USA MUST DO ANYTHING POSSIBLE TO REDUCED THE NATIONAL DEBT OF 29 TRILLION, WHEN DONALD TRUMP SAID THAT MANY COUNTRIES ARE TAKING ADVANTAGE OF THE USA, I THINK HE IS RIGHT.
no, US wasted tons of money in last 50 years on military and few rich, funnel money getting government contract. same thing is going to happen in new administration. They are making new group. Donald trump king and then follow with Jeff B, Musk, Bill gate, all Oil company CEO's. high level corruption and criminal pardon system
It's collected from the importers to discourage imports and consume local US products. The income tax can be reduced as income is generated through tariffs
US Sellers are too smart and they will raise their domestic product prices also same as import price, like in this case to 35,000 and make more profit. Average consumer end up in paying for this add-on service anyway.
Let's carefully consider this matter. We have long benefited from the low cost of goods. This low cost is attributable to significantly lower labor costs in the manufacturing process; for example, daily wages of $3 versus the $200+ daily wages common in America. This disparity in labor costs is a key factor in the affordability of complex products like automobiles, given the numerous components involved.
This a fallacious argument, price increase for the car will reduce the demand for the car which will stop American importers from importing them which will hit the Chinese car manufacturers as the demand of the cars will reduce, meanwhile American carmakers will potentially be able to sell their car cheaper than Chinese cars.
small correction. China will suffer as eventually consumer will hesitate to buy and rather buy US made cars with in the same range and which impacts entire supply chain, however not sure even American buyers are still going to buy or not .. because overall it will hurt the entire ecosystem . It will have impacts at both end and make market volatile
Tariffs dont hit the exporters directly but only when the imported goods become too expensive to be considered a budget option and the demand falls for them as a result, so yes tariffs do work. But this lady is making it sound like its not affecting the exporters but only putting pressure on the consumers
The US market is important but it's not as important as before already. China export to US use to be 24% of its total export before the trade war. Its already dropped to 14% in 2024 and expected to drop even lower in the next few years unless trump improve the US relationship with China. Which means China is decoupling itself from the US as the US wish. And the strangest thing is China total export is still increasing and even at a record high in 2024. Why? Alternative markets, the global majority countries. One big reason is because of the BRICS and the BRI. So if the Americans don't want to buy Chinese goods, somebody will. Therefore, the Americans shouldn't look themselves too high anymore.
We in india can't do it because we don't produce anything . Totaly dependent on China for our survival and the worst thing we don't even try. so before our MAI-BAAP was Brit. now is China😂😂😂😂😂
yeah....building a car in US for 30 k.... ( only 50% more expencive than in china ??)....good luck with that. if that was possible ....there would be no globalization as we know it. when it comes to production and costs...china has the edge that is not going away any time soon.
I believe the way you are reporting the news is wrong. It is not IRS tariffs; it is ERS tariffs like you have put in the video title. Nobody knows exactly what it is, but if my hunch is right, he is about to bring a system where foreign countries have to pay upfront in said percentage to sell in the US market.
Tarrif also affect the american economy in the long run let as look america should sell goods and services in order to import raw material for thier industries but thier products are expensive and uncomptivite then they tern to use the printed money and know the world understanding who they are hurted not to benefit from US economy due to trifs so the are not oblied to use the US dollar
The importer will be incentivized to look elsewhere outside China... to import or turn to domestic sources.... and prices are set to consumer demand. Please Palki.... don't get into the business of gaslighting your viewers Before the year 2000.....China didn't have this level of US market access........yet before 2000 ... Americans bought cars and did fine and had more manufacturing jobs
Your point is void.. since the name refers to tax on goods brought in from a foreign country..the question is which country has a relatively larger volume of resources in their home country and the capacity’s to quickly recalibrate production from abroad.. that’s sound like the US…. Then you did not factor the effect of reduce energy cost under Trump’s policy, which basically impact a massive chunk of US production costs … so your idea of inflation rise is not very strong.
With your inferior knowledge on how business works you shouldn't be making erroneous report. You forgot that no business person will engage in a business that's 100% loss. You should know better don't let Trump hate keep driving your reports.
Yes, which will discourage importers from importing those cars. And eventually the external factories will be affected when the US consumer decides not to purchase said products (cars in your example). This Indian lady loves to gossip and spread mis-information.
The importer will not import anymore. Its pretty simple. But the problem with this is that the local competitors often increase their prices to and then the consumers are the losers in the end.
The Trumpers seem to have a problem comprehending this very simple fact.
What if helping American business owners and increasing prices is the plan?
India has 100%+ tax on imported goods like cars.
India is still relatively poor. Mejority of population can't buy local made cheap cars. Imported cars are puchased by wealthy people. Its tax toward them.
@@Sang25x3 But India is a Vishwa Guru, right?
India's government also is quite bad.
Wrong! You are assuming that the Americans are still going to pay for highly tariffed Chinese products. If BYD and Tesla are priced same then people are going to chose Tesla over BYD and so on... this directly impacts China.
Right!
You forgot that America does not have the capacity right now to produce all the products that we use. It will take years. Furthermore, America has not done it because factories bring huge amounts of pollution.
If you want to limit your sales to 300m, by all means.
There's a reason why foreign factories are set up wherever they are !😂
She literally explained that in the video, bro watching in mute.
For that China, India etc is there and soon Greenland will be used for that. Consumer is always the God.
Interesting !! Hope Canada too becomes a strong country after new government
India is doing this for a long time, Ford Fortuner for example.
Yes, Hilux is a poor man's SUV in the west, for example. Here its a dream car for many. Thanks to the taxes!
Don't worry Palki, he knows what he is doing.
“Let’s go to the Chinese car dealership” !
SAID NO AMERICAN 🇺🇸 EVER !
😂😭
The idea of tariff is to make it more expensive to buy and they have to compete with local manufacturers.
If the gap is narrow, then buyers might buy local stuff.
Reduced sales of imported items is the strategy.
By up your thinking ,you assume the buyers will buy imported items if their price is same as locals.
Time will tell.
There are no taxes on businesses, only on the businesses' customers.
This is where a weak Rupee is going to benefit Indian exports. Even if tariffs are imposed, the retail cost will still be less than anything that is manufactured in US.
Chinese Businesses will fail because the importer will not pay the Tariffs..Why? Because Americans will buy local less expensive products…
Imposing high tarrif is the best way to safeguard the US against foreign imports, specially cheap Chinese products 💯🤔🤣
Why are they dangerous?
You clearly don't understand anything about tariffs 🤦🤦🤦
sure, but then you need to pay more for the same product or buy local for a even higer price, in the end Americans need to pay more.
india also have imposed double duty on Pakistani products.
On what products? "Donkeys"!
First of all pakistan doesn't make anything except textile and food processing which india doesn't want that
USA is acting like a drawing person gasping for air😂 goodbye legendary USA.
It sounds more like USA people will not be able to even effort Chinese goods. It's like let's make USA poor again
The tariffs are not only on cars. It's on everything coming from China and other countries. The U.S. does not manufacture many of the items that come from China. Household items such as electronics, (TVs and computers.), kitchen gadgets, toasters, exercise machines, chef's kitchen knives, (made from Japanese steel but made in China.) My LG TV and LG cell phone was made in Korea, my computer was made in China, my exercise machine...made in China. My Chevrolet Trailblazer ...made in Korea. It will take years for the U.S. to shift manufacturing all of these items to American factories. Trump will be gone by then. All he will be remembered for is creating a mess.
If the parts are manufactured in America, they won't be able to sell the same product or car at the current price.
American trucks ( chevy, dodge etc) are not selling even if they were made in USA. Why?//????? because ridicules price...$90000 to $120000. not worth it. garbage quality
This completely ignores how China subsidizes it's industry,...
This is what India has been doing for very long time. They dont want foreign cars in india to compete.
This is to stop imports Palki. You can do better than this
Palki did surprise me with her logic. Cant blame her...she is just reading what someone else wrote. AI could have read this.
Palki was teaching MAGA supporter, What is terrif😛😛So many MAGA supporter does not know including their commander in chief😯😯
Thanks Palki good explanation
ANOTHER government agency?? First DOGE, now ERS? I thought they wanted to decrease government agencies, not increase them 🤣🤣🤡🤡
It's also not accurate to say that anything will be created next Monday in America. Next Monday will be a federal holiday. Over 90% of federal employees will have the day off from work. Beyond that, setting up another federal agency will take legislative involvement. In other words, the 12 hours starting at noon when he gets the keys to the white house are not enough in the remainder of the day for legislation to get passed and the process of hiring people for a new agency to be done. Have facts first, RUclips second.
Trump Make America 🇺🇸 strong again! 🎉
Tariffs (much like sanctions) don’t work, and eventually fail! For example, China could easily export its products to the US through other countries. Besides, the inefficiencies and inflationary pressures arising from tariffs will force the US manufacturers to strike deals with the US lawmakers; thereby leading to greater corruption and chaos, forcing the policy to be revised. Politically the influential power of the US will diminish as other cheaper manufacturing economies gain greater power. Tariffs are a losing game! 🤦🏻♀️🤦🏻♀️🤦🏻♀️🤦🏻♀️
Palki missed the point. Tariffs are intended to make foreign goods more expensive and local goods more competitive. YES the tax is not coming out of the pockets of china, but it hurts their sales and marketability. So in a way, TARIFFS does hurt. Canada's ontario region this week estimated they will lose half a million jobs due to american tariffs. Trumps tariffs is not a revenue grab...but a penalty on imports hence a boost on local/american manufacturing/jobs.
Palki said all this, she said the benefits to US consumers and economy will take time.
THE USA MUST DO ANYTHING POSSIBLE TO REDUCED THE NATIONAL DEBT OF 29 TRILLION, WHEN DONALD TRUMP SAID THAT MANY COUNTRIES ARE TAKING ADVANTAGE OF THE USA, I THINK HE IS RIGHT.
no, US wasted tons of money in last 50 years on military and few rich, funnel money getting government contract. same thing is going to happen in new administration. They are making new group. Donald trump king and then follow with Jeff B, Musk, Bill gate, all Oil company CEO's. high level corruption and criminal pardon system
It's both way. USA took advantage of others benefit and enjoyed with out worrying about wasting. Now they need to pay for it.
Then why is America doing so good? 🤭 That's just trade.
Modi should announce a similar, External Revenue Tariff, in India, to MAKE INDIA GREAT AGAIN 👍.
😂 India is already doing that.
Will Trump add tariffs to software made by Indian companies ?
The point is that car is so expensive so they can make it in America
It's collected from the importers to discourage imports and consume local US products. The income tax can be reduced as income is generated through tariffs
Good we don't want that cheap as stuff.
Well said
it is a defence mechanism . The exporters will be forced to lower tjrir price too.Tarif is simply a serious issue for exporters too
Hello Sister this is same as Duty on Goods in India.
This is to discourage buying foreign goods
So be it.
Beautiful explanation of a far reaching change about to hit the world. Wars start like this
US Sellers are too smart and they will raise their domestic product prices also same as import price, like in this case to 35,000 and make more profit. Average consumer end up in paying for this add-on service anyway.
The USA should put 100% tariff on all goods. Once Donald Trump becomes president, he is going to solve all the issues. Politicians never lie.
....ha ha....love it!
Yep . We will not buy cheep imports.
thats why atmanirbharta matters !
Let's carefully consider this matter. We have long benefited from the low cost of goods. This low cost is attributable to significantly lower labor costs in the manufacturing process; for example, daily wages of $3 versus the $200+ daily wages common in America. This disparity in labor costs is a key factor in the affordability of complex products like automobiles, given the numerous components involved.
This a fallacious argument, price increase for the car will reduce the demand for the car which will stop American importers from importing them which will hit the Chinese car manufacturers as the demand of the cars will reduce, meanwhile American carmakers will potentially be able to sell their car cheaper than Chinese cars.
The idea of tariff is to discourage imports
no tariff is there to stimulate more trade in locally produced goods, in this case american made.
It doesn't matter who sells it. But american car becomes cheaper and encouragement for local companies
It will discourage imports
good move
the importer wont import hehe
Well every country has to do it at some point in time. How much duty to import a Harley Davison into India?
small correction. China will suffer as eventually consumer will hesitate to buy and rather buy US made cars with in the same range and which impacts entire supply chain, however not sure even American buyers are still going to buy or not .. because overall it will hurt the entire ecosystem . It will have impacts at both end and make market volatile
Pee added fees- oh yes😂😂😂😂
thought Elon was getting rid of departments, and now Trump is adding
What if China could produce it for 16,500 and ship it for 1,800 by exploiting forex and the advantage of mass production?
God's General, Donald J Trump
Great Analysis! How do you think the world import export partners change course with no USA in the equation?
Because important machines are cheep metal ergy.
They are throwaway important commodity
Trump is genius, unlike conventional politicians....MAGA....
Tariffs dont hit the exporters directly but only when the imported goods become too expensive to be considered a budget option and the demand falls for them as a result, so yes tariffs do work. But this lady is making it sound like its not affecting the exporters but only putting pressure on the consumers
The US market is important but it's not as important as before already. China export to US use to be 24% of its total export before the trade war. Its already dropped to 14% in 2024 and expected to drop even lower in the next few years unless trump improve the US relationship with China. Which means China is decoupling itself from the US as the US wish. And the strangest thing is China total export is still increasing and even at a record high in 2024. Why? Alternative markets, the global majority countries. One big reason is because of the BRICS and the BRI. So if the Americans don't want to buy Chinese goods, somebody will. Therefore, the Americans shouldn't look themselves too high anymore.
Why is palki giving so much coverage to US?
A person's tricky behavior exposed by another. hahahaha
The costumers of America doesn't want to pay for a Chinese the tarif of the is expensive After they maybe pay for a US 🚗
Change in the long term but Trump won't be the president for the long term
You missed supply chain and skilled cheap labour. China have it all.
We in india can't do it because we don't produce anything . Totaly dependent on China for our survival and the worst thing we don't even try. so before our MAI-BAAP was Brit. now is China😂😂😂😂😂
Modi is trying hard but it will take time
yeah....building a car in US for 30 k.... ( only 50% more expencive than in china ??)....good luck with that.
if that was possible ....there would be no globalization as we know it.
when it comes to production and costs...china has the edge that is not going away any time soon.
I believe the way you are reporting the news is wrong. It is not IRS tariffs; it is ERS tariffs like you have put in the video title. Nobody knows exactly what it is, but if my hunch is right, he is about to bring a system where foreign countries have to pay upfront in said percentage to sell in the US market.
Tarrif also affect the american economy in the long run let as look america should sell goods and services in order to import raw material for thier industries but thier products are expensive and uncomptivite then they tern to use the printed money and know the world understanding who they are hurted not to benefit from US economy due to trifs so the are not oblied to use the US dollar
If you tax incessantly on others country; others will do the same to you. Tit for tat. Every country do that & India is doing it too.
That is yo fis ourage the imports from rhe ID. Why buy Amricans buy from.Vhina
That wil.prevwnt vhinese stuff in the UE
Trumpnomics
What do america produces Defence equipment and to produce cars etc. the cost will be very high😊😊
It’s not technical 🤦🏻♂️
The importer will be incentivized to look elsewhere outside China... to import or turn to domestic sources.... and prices are set to consumer demand.
Please Palki.... don't get into the business of gaslighting your viewers
Before the year 2000.....China didn't have this level of US market access........yet before 2000 ... Americans bought cars and did fine and had more manufacturing jobs
One thing for sure .. Tesla’s stock will sky rocket 🚀.. brace yourself 😊
Just report what he said. But don’t know how he will do it. Stop acting like you are better than a president.😂
Your point is void.. since the name refers to tax on goods brought in from a foreign country..the question is which country has a relatively larger volume of resources in their home country and the capacity’s to quickly recalibrate production from abroad.. that’s sound like the US…. Then you did not factor the effect of reduce energy cost under Trump’s policy, which basically impact a massive chunk of US production costs … so your idea of inflation rise is not very strong.
😬
With your inferior knowledge on how business works you shouldn't be making erroneous report.
You forgot that no business person will engage in a business that's 100% loss. You should know better don't let Trump hate keep driving your reports.
You are misleading too
You lier and sometimes your analysis are wrong and unfound.
Yes, which will discourage importers from importing those cars. And eventually the external factories will be affected when the US consumer decides not to purchase said products (cars in your example). This Indian lady loves to gossip and spread mis-information.
Definitely the Americans would buy America. I like tariff let’s go trump
"Americans would buy America". I totally agree with you. But........why the US manufacturers move their production out of US in the first place?
He is gonna tariff 60% of the world
Elon Musk will make more money selling cars to Americans 😢😢😢😢😢
Chinq and india are the biggest b benificieries of US outsourcing