Biden Plans Tariffs on Chinese Electric Vehicles | Vantage with Palki Sharma
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- Опубликовано: 9 май 2024
- Biden Plans Tariffs on Chinese Electric Vehicles | Vantage with Palki Sharma
US president Joe Biden is reportedly planning to extend Trump-era tariffs on Chinese electric vehicles. Biden's allies in Europe are also investigating Chinese EV makers with punitive action expected to follow. China's state subsidies have spawned hundreds of EV makers in the country, driving down prices. Western car-makers and politicians fear that cheap Chinese EVs will flood their markets and affect local producers. The auto industry employs millions of people in the West and makes up a considerable share of their GDP. Will the West's war on Chinese EVs backfire? Can Chinese EVs dominate the auto market in the coming decades? Palki Sharma tells you.
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Chinese EVs | Electric Vehicles | Europe | European Union | Tariffs | Technology | Law | Firstpost | World News | News Live | Vantage | Palki Sharma | News
#chineseev #electricvehicle #europe #europeanunion #tariffs #technology #law #firstpost #vantageonfirstpost #palkisharma #worldnews
Vantage is a ground-breaking news, opinions, and current affairs show from Firstpost. Catering to a global audience, Vantage covers the biggest news stories from a 360-degree perspective, giving viewers a chance to assess the impact of world events through a uniquely Indian lens.
The show is anchored by Palki Sharma, Managing Editor, Firstpost.
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When they can't compete. They tax.
China has higher automotive tariffs than both the US and EU.
@@Cotswolds1913 It's not relevant. China has been the world's largest auto market for a quite some time now. All major car manufacturers have factories in China and they produce the cars they sell in China locally without any tariffs. They have enjoyed HUGE profits from China for decades already. Only recently the Chinese local brands started to give them trouble. It's just that nobody expected the Chinese brands to turn things around this fast.
@@Cotswolds1913imagine china lowering tariff, do you think west can compete with china. West are struggled to compete in their doors.
@@lunlunqq Only about half of European-owned cars sold in China are manufactured there.
@@lunlunqq It's indeed relevant. When China imposes high tariffs, why shouldn't other countries do it too?
the west claims to love competition lol.
Without state support.. U forgot China is ruled by CCP not pure market economy.. How 200 companies haven't got busted yet?? State subsidy and intellectual property theft
@@finlib7119 _"Without state support.. U forgot China is ruled by CCP not pure market economy.. How 200 companies haven't got busted yet?? State subsidy and intellectual property theft"_
Keep on parroting the bs if you know anything at all. If any, China will not let corruption get away. They crack down on corruption hard, to the point of even chasing after you abroad. That's why you've been hearing about these b.s. fabrications from western media saying the Chinese are setting u 'police' here in the US and elsewhere in the west. They are not out there to break the law, they are just simply busting their corrupted officials that took off with their money out of China.
China has higher automotive tariffs than the US and EU.
@@Cotswolds1913你要进入的的市场的时候，大谈自由竞争自由贸易。我进入你的市场的时候，就不谈自由竞争自由贸易了呢？不应该统一标准吗？
@@Cotswolds1913 good point
US INVEST IN WAR. CHINESE INVEST IN EV VEHICLES. Son what’s THE PROBLEM??
We're all supposed to be heading to net zero. Putting tariffs on EV's that people can actually afford to buy makes me feel like the US is not very serious about climate change.
They never were, the individual citizens care but the politicians and the corporates only care about profit😢😢
These hypocrites can never be trusted. The US politicians only care about their own gains and influence, but never the welfare of their citizens.
@@JuneX_O. To me American politics is like a private company. They only care about profits.
Well China opening more coal plants than the rest of the world combined certainly isn't serious about climate change.
The US is incredibly serious about climate change. Increasing and accelerating it, that is.
USA and Europe has no capacity to tackle China and Russia 😂😂😂
Lol Russia? Who buys anything Russia manufactures? The world economy treats Russia as one of many sources of raw and semi-processed materials.
What what happen to free market competition?
China has higher automotive tariffs than the US and EU.
@@Cotswolds1913 retaliation tariffs
@@Isuraaye U.S. tariff on cars is 2.5% (albeit 25% on trucks), EU's is 10%, and China's is between 15% and 25%.
@@Cotswolds1913 i dont see this information anywhere, any references?
@@Isuraaye Type "tariff on cars by country", the world population review site lists them all out very well, and you'll notice most European countries have the same 10% because rates are set at the EU level.
america really hate other countries doing better than them smh but they can't stop it
China has higher automotive tariffs than the US and EU.
@@Cotswolds1913 If you had read the WTO agreement, you would not say this. China is not a developed country.
Just the politicians. I love free market competition and don't care who makes a product as long as it's good!
@@ledzeppelin1212 you don’t have free market competition with China
@Cotswolds1913 and US is trying everyday to limit advanced chips going into China because it knows it can't compete on an equal footing. What's your point?
They will try but can never stop the dragon from growing.
The dragon is going to gobble up the lazy incompetents.
Here in the US, cars are extremely expensive. The affordable ones are base models and starts at the price of $25k usd.
The US gov don’t care about safety of the people, they want to charge more for domestic cars.
Agreed
Even the fricking used cars are averaged at $40K now, can you believe this? That's why I kept my cars even though they are older. So long as I maintained them and they'll lasts. The only things I don't like are DMV and Insurance, which seems to go up every year as my vehicles get older. Another scam going to the pockets of bureaucrats.
High cost is because GDP per capita in America is very high.
Here in China 20K for new EV SUV, ATTO3; 500KM range
Yeah, Americans generally don't want small/compact vehicles -- it's a small shrinking segment.
West is loosing competition therefore
If you're so confident of the quality of your products, then let Chinese EVs enters European & American markets without Tariffs and let consumers decides about their quality and the price. If the Chinese EVs are junk and unreliable.. people won;t buy them... so what';s the problem?
Is America ready to give billions for American ev companies??i don't think so
On the other hand china is giving,even some articles claiming that thay are also giving money to companies which are exporting EVs
A lot of them copy designs from other cars just look at the new xiaomi car copied it's design from porche.
I start to hate western world 🌎.
There are many evs in europe from china..
@@RaunaqGohainHPH the designer team they hired are from porche big brain
If Chinese labor is cheap, how is Indian labor? Dirt cheap?
india has dirt , china has infection😁
and west has vulgarity😅
They daydream bollywood movies during work hours
@@nmew6926It's really cheaper changli
What obsession u have with india
China labour? .. Infection cheap😁
Americans,,,, labour;;;; vulgar cheap
I dont get it, its just compeition.... why is the USA trying to rig the game.
The news is actually wrong. The real news is : Biden to put tariffs on Chinese goods in general. But this is Palki. You know what she does with news.
The tariffs are on Chinese goods in general. Not in EVs in particular. Palki is making it seems like that cos this is palki.
Tariff away
@@user-je7pc2mp5ewho else can compete with chinese evs? Indian evs?
@@chriscain7333 American and European EVs.
🤣🤣🤣 usa so weak that it can not compete first Huawei, then chips, then drine, now ev. Wants monopoly in market but has no balls to have competition.
China has higher automotive tariffs than the US or EU.
@Cotswolds1913 You keep posting that ,but please explain to us poor ignorant populace , what exactly it's all about ? BMW makes cars in China, are those sold in China and taxed ? Or ,when sent to Europe are they taxed before been sold ? Same thing for GM : are the cars made in Mexico taxed when imported into the US ?
This whole thing smacks of hypocrisy as usual. Talk about subsidies ? The EU and the US do that all the time. I'm no admirer of the chinese government but hey, they saw a niche where they are stronger and now we ( the West) complain ? Sorry, I disagree.
@@Cotswolds1913I am surprised you said that. Tesla is widely selling in China with equal position with all other local Chinese brands but the Chinese EV got banned in US market. Who is supporting the free market?
@@wenfulin They invited Tesla with the protection of a 15-25% tariff wall compared to the US’s 2.5%. Once again ludicrous claims.
@@Cotswolds1913bro what u r saying is right and I support u but the thing (just for argument) is that china does not claims to be an epitomi of free market and fair play of capitalism but west does
Can't compete and cry me a river......let them use expensive products and pay thru their pants
Another reason “why Chinese EV are cheaper” is the scalability. The factories are efficient and mostly are automated.
It’s a buyer’s market. UE and US are just afraid to accept that they are behind and expensive.
China will dominate no matter how many obstacles they create in their way 😂😂
Yes they do like to dominate those mosques
That's making China stronger
Yeah hope they dominate paxtani muslims as well
One problem i.e India. Old ageing Chinese population means cost of EV will get higher to produce in China while young population in India with large labor force will make foreign investor to set their plant in India to get maximum production with low cost hence more profit. Also more country trust India than CCP so will be more comfortable to do business in India rather than China. So in coming decade India will dominate EV manufacturing market. Hope CCP puppet don't get triggered after reading this 😂😂
As they are dominating Indian borders and erasing each day ? 😅
Intelligent action by the U.S. The American citizens will pay for those tariffs, not China. As a proud Indian🇮🇳, I really love ♥ and have a lot of respect for the incredible work of Palki Sharma really interesting story *How British looted 45 trillion from India* which is as a masterpiece of the highest quality. Its content is truly inspiring and I thoroughly enjoy watching it. The dedication, talent and hard work poured into the video are greatly appreciated by many. The Indian Union Public Service Commission has also deliver a remarkable report titled संघ लोक सेवा आयोग *How Britishers killed 1.8 billion Indians. Chronology of British Raj's exploitative policies* | UPSC," is equally astounding. The Indian government consistently produce insightful and thought-provoking articles of the utmost caliber. I sincerely hope they continue to produce such captivating exceptional work. Can it even get better than that? They deserve an award for best report of the year. Thank you for telling the truth.
How about toilet
very obvious CCP account.
Chinese bot never disappoint her master 😅😅
Same old, same old! Arithmetically challenged nonsense from Indian girl bot.
@Cotswolds1913 western leaders are pedophiles
If I were given a choice _ BYD!!!
Chinese internet prapaganda slave spotted
horrible car brand, quality is far inferior to Tesla in the tests.
Lol BYD sounds like a cheap headphone
@@nitinkumar29but Musk said ByD is extremely competitive…..
Same, Toyota did a breakdown and found the BYD Seal bettered the Tesla M3, and UBS did similar and found it the most efficiently manufactured EV.
Tariffs = "We admit we are losing!", loudly.
When Foxconn opened it's factory in Arizona, it had to ship in workers from Taiwan as US workers productivity was so low. Tesla observed this also saying Tesla factories in China had far higher productivity.
Thanks
China's invinicible weapon is technology and low price
Free trade when it benefit us.
Tax and unfair practices when it cannot compete.
"over capacity" isn't decided by the supply-demand as in econ 101, it is decided by politicians.
And in India , MAHINDRA is still not able to make normal engine fueled SUV , Thar and 700 burning anywhere on the road , or having the axle failures ...
Oh cut the crap nothing like that is happening 🤷 they are successfully selling over 40000+ cars month consistently and people are happy, BTW I saw videos on china observer how poor quality chinese EV's are axle breaking, fires basically you mentioned characteristics of chinese cars 😂 chinese bot
So what is wrong with subsidies? Better than spending money on wars around the world. It is elementary, my dear Watson, so elementary.
Oh! BTW, where is India in all those? Still on bullock carts?
US has no ball to compete this game.That's why they tax😂
Hi tech against old tech = 100% tariff just to survive. Sad.
Palki used to work in Falkland Road, Mumbai.
Missiles over Falklands.... UK ally of US beat up Argentina big time...
@@level1selamat155 You obviously have no idea the type of activities found in Falkland Road, Mumbai. Just google.
@@level1selamat155 You obviously do not know what takes place in Falkland Road, Mumbai.
@@nsng1298u work on Wuhan wet market COVID-19🦠😷
@@nsng1298yes, she was selling your mother for 10 rs/hour
For us Indians TATA is all we got
If your tata will grow like a chinese vehicles then same thing will you face by americans . Be happy, at least india is not threat to america, it means u r not growing😂
Well, Tesla is all they have.
@@applebee9060 No, lot of Korean EV are selling in US too. They are cheaper than Tesla.
we need cheaper cars for people but the big money dont want that
And the consumers will suffer 🤷🏽♂️
More options cheaper price better for the customers..
what the problem?
anything they try other than BECOMING COMPETITIVE is a waste of time and heat, same as ever with decadent incumbents
Indicating something,.. if you trust yourself compete you will win
China have 200 EV startups most of the CEO at their earliest 40s. Does India got a single EV startup?😂
Nope🤣🤣🤣
tartar motors
@@Jamie-nt3eh traditional ICE players never succeed in EVs. In India they are selling evs because no competition and majority of the people doesn’t know what’s happening outside India.
Don't scare too much about India, Chinese I can see your discomfort here as India crushed your dream to look like super power as you can't fight with India at boarder but only talk in global times
@@maskman322 India can crushed Chinese dream if you sleep early tonight.
*If Indian can fight, they wont be joining as a 🤡 in QUAD*
Trade war? No, more like a Tonya Harding syndrome.
For regions like Hong Kong that do not produce EVs, we are delighted to import what are known as overcapacity EVs.
As for those regions producing EVs, you have two options: either increase your productivity or raise tariffs to protect your auto industry in the short term. However, in the long run, good luck to you.
Has the USA gone nuts? That extra money will be paid by Americans but not China.. Better ban than high tarrifs becoz Americans will still buy Chinese EVs.. BYD EVs are top notch❤
When America cannot compete, they put tariffs on foreign products Example, 300% tariff on Bombardier s C Series when Boring cannot compete.
You can't have everything
Can't have cheap product with expensive labor
And vice-versa
While US and some in Europe like Germany were producing gas- powered vehicles, China focused its strategy on electric vehicles.
advanced strategy..
Let me tell you. I heard this story on the radio. And i had to come to find multiple different stories online.
Everything about this story is why politicians and our leaders are a burden to humanity.
I get the economy impact. But this story literally shows, we must suffer collectively as a country, but never strive as a whole world.
Chinese cars are good and i m planning to buy one but i have only question how chinese cars give same interior quality with looks + modern tech in cheap price i mean where they cost cut ?
Try it.
But USA and entire Europe has no capacity or guts to handle china 😂😂
Do you know how much sri lankan Tax for eny vehicle 200%
This makes me really mad even if I’m against evs atleast cars there are affordable but costs are higher here and wages are higher cost of living higher hence the higher prices
American exceptionalism at its finest
The bigger issue is why we don't we already have companies in the US that actually want to produce affordable EVs.....instead we get cookie cutter EVs with SW downgrades and upgrades. If they could they would put a coin slot for us to pay to play.
because to sell expensive bad fuels..
Wow 1000 dollars Tariff vs 10 000 tax on an American vehicles
It is utmost priority in the interest of world peace that counties decouple from china. china only can be controlled economically rather than militarily. Remember every penny china earns makes it more aggressive there by the world needing to do more military spending and paying for job losses and social welfare in the long run. import dependency on china is resulting in countries becoming chinese colonies. If countries want to remain independent they need to cut on chinese dumping. Remember china only got aggressive since it became economically stronger. So to control china economically is ut utmost importance for world peace.
I have to say that China's strategy is better, electric vehicles are only on the surface, the deep level is chips, electric vehicles need a large number of chips and the chips used are 14ns, China can mass-produce cars and chips, when China's chip companies make enough money, they can develop 5 3 1ns chips, China's enemies lost this war
Western Green good, Eastern Green bad. 🙈🙉🙊
USA has no capacity to tackle china 😂😂
China's economy is in a free fall, without Western markets China will collapse within a year.
Don't bite the hand that feeds you, the West only wants China to play fair.
So what ? Your own people will be exployted by your own policy . Is US govt by the people of the people for the people ?
Keen competition is good for market as well as consumers. Indeed to solve the problem, US carmakers can consider slashing prices to meet the Chinese's. Local produce products tend to be cheaper due to no shipment and insurance costs. So if the US carmakers decide not to profiteer from consumers, they can drop their vast markup to compete.
Same or huge tariffs should apply for US and Europe products in china
it is time usa buy ev from india, aka electric richshaws
Not cheap. I cant afford it.
Chinese, Indian and African product are not cheap its affordable with same quality... The question must ask to western world.. why cant their product affordable .
You probably have no ideas how American companies are doing things. How many former engineers in Boeing were found dead after talking something to the public.
This woman loves her masters
Tax on goods that have never been imported? ? Damn it, ,
Just watch the history of the smartphone industry. Through continuous innovation and fierce competition in open market, famous brands like Nokia, Motorola, Siemens, Phillips, Alcatel, Ericsson, Sony and BlackBerry disappeared, while Samsung, Apple, Huawei, Xiaomi, Oppo, Vivo, and Tecno are emerging, surviving and thriving.
Whenever you fail at the competition, start complaining and let the tariffs flow.
China has higher automotive tariffs than the US and EU.
@@Cotswolds1913 going from comment to comment for this your copy and paste will never change the fact that EU and USA failed
Merika used to brag...it's dragging now
Palki's obviously got a shot of energy by this news.
Chinese products work until night or done by afternoon
Correction is Quality
15 years ago the US thought they are the one who will make big money out of green technologies. They even ordered Peace nobel award committee to award the prize to Vice President AL GORE. What AL GORE did. Talking, talking and talking
Chinese EVs are of another level
The commentator said China EV market is saturated. I afraid not so. China has more charging stations than any other nations in the world. China resently break the critical point where the latest generation EV could travel in the order of 1,000km，with 80% recharging time drop to 10-15 minutes and the hgihest safety record. There is no room at all for petrol car in China now. China heavy subsidy to the EV industry is true but why no one ever mention US subsidy to its chips industry? Another important fact is that German people are angry with Volkeswagen using the German EV market to subsidize the Chinese market.
fueled cars r so bad..
e-vehicle that uses two spot welding in chassis hahaha
Don’t forget about the technology
Why china isn't raising the price for more profits.
The oprice is two time in versea than in china.😂😂😂
@@pumalee1997 that's good to know to got more profits from exports
But Chinese EVs aren't even sold in America
The tariffs are just symbolic for votes. Chinese EV is growing without US market.
The United States is worried that Chinese cars will be sold in other countries, haha
Because Evs are not expensive only Americans and European that makes EVs more expensive. But to manufacture it is not expensive at all..
Who is creating more jobs for EU and USA? China BYD 😂😂😂. I don't think EU and USA fall for 'more job creation' trap from foreign companies.
Big 4 US car makers are non-competitive and falling anyway. They are weak on EV productions. Their market shares are eaten by Tesla and Korean EV even Chinese EV is not selling in US now. 😅
"Chinese EVs are cheap because government subsidies" -- If that is true, then whey US or India do not follow the same tactic to compete? Silly arguments.
What is your iq bro? 30?
@@BinuIJK哈哈，上面的人说的很对，你要考虑下自己智商
Indian EV when? We need a bajaj quality of EV
“Colonial mentality” refers to an ingrained attitudes, beliefs, and behaviors of subordination to or emulation of a former colonial power. India was a former colony of the defunct British Empire. But as a country long subjugated to imperial rule, the colonial mentality is clearly ingrained in its national psyche.
Granted, it is difficult to completely eradicate colonial mentality from the heart of those who play servile, but India will definitely do well to chart its own course rather than towing behind Washington.
Imagine the cost of mobiles we could afford if Chinese companies were not there, can every common man buy apples or costly western phones...
The American Taxpayer pays the Price. The Tarifs are not paid by China but the American Taxpayer pays. And they vote for it. No affordable EV Cars in America.😂😂😂
The price overseas is twice as high as in China.😂😂😂
Why doesn’t USA ban Indian EV? Oh, India doesn’t have.
Old Obsession with india
I never driving a Chinese car. And the performance of the vehicles are massive as well. There's been multiple videos showing online where Chinese cars catch fire randomly. Would you really trust your safety in a Chinese automaker that don't even care about their own people.
Do you really trust those videos? European and other parts of the world aren't fools. Sales are increasing and new factories are going to build in Europe. Quit watching channels that produces fake news.
EV battery replacement could easily cost one half the cost of the car.
Good for consumers why complain?
India should learn from this Ane beware of the West
It was great for them to compite with china
Now West being West. Insecurity at it's peak. 😅
Battery Quality bad they get overheating
Win win for India!!!!
ha ha, walmark will be selling cheap chinese EV car soon.
😂😂😂 she said the problem is Chinese buying 60%
Stinky curry that call Chinese market 😂😂
Post World War 2,
We are living in the Era of The American Empire,
We are also living in the Era of Neo Colonialism(indirect control),
We are also living in the era of Weasel politicians, who would bow down to anyone with money.
And America is the queen of indirect control.
Once Neo Colonialism collapses Democracies will thrive.
Basically, after the second world war America has been running from third base to fourth base and calling themselves winner of the "world series".
The era of China has begun, though the era of America is not completly lost.
China is strong but not that strong.
America is weak but not that weak.
So, in this contest America will try to use G7 countries China will try to use Brics+ (Iran and Saudi Arabia).
That tells you the era of a multi polar world is upon us.
Whoever controls the middle east controls the world, The Europeans once controlled the middle east so they ruled the world, now America controls the middle east so it controls the world, if the indications are true tomorrow China is going to control the world and global economy because they have forged a relationship with Middle East.
They are the going to be the defacto epicenter of the global economy and trade in the coming years.
Where America has reached in 240 years, China has reached there in 40 years.
Take that American Capitalism!
The name of the game is Capitalism.
"Who knew China (Communist party of China) is going to be so good at it?"
China is winning because USA has allowed it to win, which is the biggest foreign policy blunder in the last 40 years.
China' owes "it's whole success" to a series of poor foreign policy decision by America (The West) which is to involve China in WTO and shifted evey job from Detroit to Shanghai, Apparently the wonders of capitalism was supposed to make China more "democratic" nither did that happen nor did it drive a wedge between Soviet Russia and China. It has created a more powerful China and Russia alliance. Which is extremely hard to counter for the west.
By 2030-32 China is going to become the largest economy in world which is going to be a massive change in the world and if it's goes really bad for US and it collapses then we might be ushered into a new era.
There is nothing as soft power, there is hard power and everything flows from there.
That's true for American Empire, Russia, China and the British Empire.
In America the political parties change but the policies don't change,
In China the political party don't change but the policies change all the time. Till America doesn't change course it is in for a rough ride for the next couple of decades.
They can’t beat the Chinese
This helps big corporations, it doesn’t actually help Americans, as the evs currently in the U.S market are expensive.
you r from caves?
The west underestimates the technological capacity of Chinese car makers. They are always blaming their failures on China subsidies or cheap labor😅