How do tariffs work? | CNBC Explains
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- Опубликовано: 16 авг 2018
- The U.S. imports more than $500 billion worth of goods from China, of which some goods are subject to a customs duty. CNBC's Uptin Saiidi explains how increased tariffs can impact an economy.
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I love CNBC explains series a lot. Keep up Team...
its called propaganda. tariffs like taxes are a way to rip off peoples money.
@@TheWormzerjr it is called gangsters paradise protectionism of turfs and it's business.. yup.. ripping off people population of the in the name of sovereignty and jurisdiction.
I mean people of the world.. 😅
Goes to China to film a TEN second clip.
That's what you called quality.
Can you make a video of this quality? I don't think so. Shut up then mate!
@@bsca1956 I guess you are right
and lied about tariffs like they all do - including the Trumps.
@@commercialartservicesartwo3133 lied? What's the false info? Some tariff explanations are not conflicting so much as differing in info/focus.
Explained in a very effective way.Loved it CNBC!!!
I love CNBC explains, I get excited whenever there is a new episode, thank you very much guys, keep it rolling
The factual part of tariffs was great in this video! However it would have been great to refrain from interjecting personal point of view instead and stick to non-bias reporting.
Can you point out the subjective parts in the video?
am impressed with CNBC ..you give very good information about ..tech and many more keep it up..
Too Wun lol
Thank you,best clearest explanation on tariffs and I needed it explained.
Lies again? FAS FUS
I love CNBC explain series!
Best channel so far, informative and educational
More of these Explains series!
CNBC explains the news very well
Thanks for the explanation
Very educational. Really rate this series
I love your explanation it helps me to understand
Great video, learned a lot.
That ways it explain wow everything just digested tq CNBC
waaahhh, this is awesome. You guys did a great job explaining the topic.
Still have no idea who pays the extra money. Does the importer pay the extra $12 for a 12% tariff while the exporter receives the $100? Or does the importer pay $100 and the exporter pays the $12? In other words, who pays the duties to the Treasury?
My friend says tariffs will bring back jobs to USA. I told him, you know the consumer price would increase right? He said "yeah that's the point, so consumers won't buy their products, so Trump can bring back jobs and teach these companies a lesson". Then I told him, Yes then the companies would lose profit and probably go bankrupt, lose even more jobs if they can't afford to move back in the USA and also compete with international market. Then he stayed *silent*
@@starter0951 if companies come back to USA, profits decrease and stock market would crash. In US, stock market = economy. Therefore, economy would crash as well.
Deplorables are not known for their intelligence.
Tariffs do not increase consumer prices. Where is the evidence that they do?
It was a great explanation👍
I'm trying to understand tariffs and international trade but this is all so complicated, there are so many variables.
Well made, clearly explained. GG
I love that its not Biased. Its just explaining what a Tariff is, and how it works. Love it!
@Too Wun Just did! What a great video. Not a biased opinion in it, just raw explanation on an economic tariff with examples.
Interesting show, good explanation. Future show on Africa and south Africa maybe ?
Nicely explained.
thank you CNBC
i love your job ........ you keep travelling a lot !! my dream job !!
Great explanation and easy to understand, Thank you !
What a beautiful explanation,,,nice editing ,,, appreciative
I would like you to make a video on how the exchange rate is determined between countries...both fixed and floating
Well explained
Thank u Prof
Please explain - different events impact economies, like political figure dies, party wins elections, high interest rates of banks
Can you explain what is a govt bond or bond/debentures in laymans terms
The issue is far more complicated than this. CNBC is only focusing on the surface level criticism
Sus
Very helpful series
American businesses pass the full cost of tariffs onto American consumers. Build manufacturing plants in the US.
Superb video
They dint explain how increase in tarrifs can boost local industries/manufacturing and increase GDP.
It will cause overall decline in living standards, because your getting rid of specialization and division of labor which is proven to be the key to effectiveness way back in 19th century.
No, they won't increase GDP, foreign companies working at your market also count towards GDP. By giving the monopoly (and tariffs is exactly that: a monopoly or a subsidy to domestic companies) to local companies we will see falling supply of those goods, which will cause something exactly opposite to a growth, called decline if all other factors are equal.
I love this channel
Thank you this video was very informative and interesting to watch.
Can you make video on how the US election works
see...us plebs vote so that our state electors know how much we hate each candidate. our electors are then suppose to go to the electoral college (think galactic senate) and cast the real vote that actually decides who gets to be president because our founding fathers said, "we hate kings and we can't trust plebs." but this vote comes after they ritually slaughter 1,000 sheeps and bathe in their blood while engaging in banquets and orgies for 30 days. at any time, because they've had too much beer, wine, liquor or prostitutes, any elector can say, "screw you, i do what i want," but most are scared that by doing so, they join the dark side and will have to look out for jedi masters their whole life. however, that didn't dissuade 5 electors from abandoning Hilary Clinton and joining the dark side in this last election.
Well this was very factual and straightforward reporting at "The United States has the lowest tariffs in the world". Then it became an opinion piece. I really like the English guy please bring him back, very straightforward and factual and hides his bias well. Why don't you do a story on which presidents are to blame for keeping our Tariffs too low so we could over-inflate our economy? Or maybe how short-term shareholder gain is to blame for all of our outsourcing. Just the facts please.
Tariff - Tax imposed on a coutry's imports from the rest of the world
Well explained.. thank you 😊
Your best thing is you never post any naunsense review!
Can u do a video on how exchange rates valued are arrived...what drives them to fall or increase??
Can someone sit President Trump down and make him watch this?
these explains videos are good and short
Well done
When are people gonna realize Trump's tariffs is just a sneaky way to tax the American people. They guy in the video even said so at the 3:28-3:35 mark of this video.
So what should he do to fend off chinese aggression then?
They won't, look at the idiots comments
@@zoticus1 would you care to answer the question for him?
Please make a video on the Fourth Industrial Revolution. There’s already a video on CNBC International of the same, but it’s only 1-minute long.
We have all heard “Buy American”, but most people don’t because of cheap stuff from China. Tariffs raise the prices of the cheap stuff and make is easier to Buy American. As people pay those American prices, American companies find ways to produce the products in USA, which requires more workers. We find or recreate sources of the materials in USA where it’s feasible. Maybe we have to pay more, but more of that money stays in USA to help our own people. Buy better stuff, even if you can’t buy as much stuff.
You left put the part where when all the watches cost more. American made companies increase the price to match is, just because they can make profit. Terrifs specifically in the USA causes all products to increase because it's a profit trap
*US taxpayers paying money to their government via tariffs,,,, SIMPLE. AFTER ALL REDUCTION IN TAXES FOR RICH. TARRIFS ARE LAST SORT OF RESORTS.*
04:24 Airbus is not a French company; it's an EU venture. Great video otherwise 👍
Sagar Rao France share are higher ,,they are co-owner with Germany and Dutch.
Michael Jackson still not a French company. For a channel like CNBC, you need to be accurate.
Sagar Rao airbus' headquarters is in France. Also final assembly done in France. Share trading is done in France, Germany and Netherlands. Saying owner is overview on top management position of company. So CNBC is not wrong. But less accurate.
Trump lays em china pays em. Nuff said
Foreign goods cost more builds domestic industry. Mainstream media are the enemy of the people. Do not trust
China is the only country that has tariffs laid. Everyone else has signed free trade deals
I don’t understand why you put high tariffs on imported items to save some money and your people pay more to buy those goods instead !!!???
Us company before tariff : cost 15$ shoe sell for 150$ barely making a profit.
Us company after tariiff: cost 18$ shoe has to sell at 250$ now to barely survive
Please explain the causes and effects of fall in the value of Rupee recently.
Then what about us Indian customs duties make upto 50% for China imports and sometimes no duty at all it's gambling here.
We charge imported taxes because we want to protect the industry in our country. We can produce by ourselves domestically if we have enough resources. But we have to import some resources from other coutries and we can reduce taxes on that imported resources.
The government also raise money through tariffs and that money is used for running the government.
Isn't buying locally made goods and reducing unnecessary shipping better for the planet? I kinda worry that a lot of manufacturers go to China to circumvent American environmental, health, and labor laws. So, encouraging people to buy locally made goods actually seems a bit more humane, healthier, and more environmentally friendly?
It isn't, because China can sell those at a lower price, because they work more efficiently, than domestic producers. So to import goods from China is less wasteful, than to make those in the USA.
I might be wrong, but I have a theory that the less something costs, the less overall energy it takes to produce. However you have to balance that with the cost of the extra pollution and workforce mistreatment some of these countries have.
Easiest explaination
well done
व्यापार के द्वार खुले हैं?👍👍👍👍👍
Gained quite much from watching this video. Very explanatory.
Suggestion for next episode- How Nordic countries are able to afford welfare state?
small population and a robust economy is the answer
I think there was already a CNBC Explains on that topic.
Chitranshu Vashishth, focus of budget is not military, but people and their well fare.
And US spends lot more per capita than those countries, as its inefficient.
Sacchi focusing too much on welfare spoils the population and makes them ineffective and clips human creativity but that does not mean that welfare is not at all important , not everything has to be spoonfed , somethings are to be earned. Yea agreed that further increase in military budget is not needed but it is this huge budget that enables and promotes Innovation , invention and startups through the military that in return helps the general population . This internet , wireless communication , GPS and many medicines were meant for the military at first but now it benefits the citizens and makes their life easier .Productive Investment in the Military is the reason why the US leads in technology and space race
Sacchi
ok, i'm not trying to sound dick right now but you made absolutely no sense to me right now. Would you be able to repeat it but without skipping every other word? No but seriously tho, im interested in what you have to esay, i"m still blown away how this is straight a global conversation, talking to people from around the world!! What better way to discuss important issues that may even be uncomfortable to speak of at times, everyone still has a right to there opinion, no matter how sure one is that theres is the right one, should nonetheless be respectful
you buy cheaper product but you don't have job. So what is the point with cheap production but you don't have money to pay for...
Tarifs only hurt companies who are exporting which in turn hurts the consumers which is you because the cost is passed on to you . So at the end the American people loose but they won’t tell you that
So tariff = tax that mostly target poor people.
As if it is shouldered by the businesses. These are inventoriable costs thus cost is forwarded to consumers.
Cool
Only 2 more years. Hang in there American friends
Michael Jordan
He will definitely run for the second term
he won't have a huge margin this time but he will win if and only if he gets the backing from corporates , working class population are less likely to vote for him
Anik Roy depends on the Dems candidate. But he doesn't have Facebook and the "Russians" in his corner this time around. Americans are no better off now and policies like these tariffs, children in cages etc are only going to make things worse.
Michael Jordan Dems have a higher chance of winning this time only if they have a candidate that has the balls to trump Trump . Dems have become a joke lately , they talk about Trump's Russia collusion ( which is partially true ) when Senator Dianne Feinstein office got inflitrated by the Chinese secret service the MSS . TBH American Democracy and freedom is under attack and both the parties got infiltrated by the Chinese and the Russians . Only a senate investigation , the FBI , the CIA and the intelligence community can save America in this cold war waged by the chinese and joined by the russians .
*6 if America is dumb enough to do it once they're dumb enough to do it twice
Seems like money that should the manufacturer should be paying to the work force.
So.... the government taxes the manufacturer, the retailer AND the buyer for the same product? And the buyer is buying it with money that has already been taxed.
WTF?
so the tariff gets applied to products already in the country too? thats how tractor supply co. is doing it.....
Imports: tariffs
SMUGGLED GOODS :🤣
Make a video on Indian Telecom market in last 2 year's
Love the simplification😍..kudos
Stock market , Is Something not all are very familiar with . Hope you work on it
Info that I can use when playing Victoria 2
Greatest chiutiya of the decade do tr
You forgot to mention the depreciation of the yuan against USD cancel out some or all of the tariffs on import while at the same time all these companies complaining about tariffs and then increase their good's price due to tariffs. Very good reporting (sarcasm).
I notice that you guys mostly focus on the issues or the topic that are American, but try to be a Global community more. What I am trying to say is focus on the otherside of the planet also. I know you have few topics about other countries but they are very less. Remember CNBC is a Global news channel.
Well whole point of WTO was to increase trade between world to globalisd instead of war
Then tariffs are used to protect domestic industries and improve behaviour of others too while income for govt....there needs to be better balance or imbalance control as too much depending on one can cause issues thus imports and export balancing needed which itself is no better balance in world how govts and other things planned. Looking at the ratio of developed , developing and under develop nations....
Why protect domestic industries if they are ineffective and those scarse resources can (and should) be let to flow into more effective industries?
I hvnt seen anywhere they r raising Kashmir issue... Video was quite good but pls change the tag
ye i'd like to have an unbiased report on the economy. this is very biased...you give the facts and let the observer come up with their own conclusion
I love this channel. This is the way all news should be. Until this piece, which seems very one-sided. Please educate us on the pros, cons, the facts and keep political opinion out.
There is a gun behind you 4:42
1950's:england promised Hong Kong back to China on condition HK was allowed autonomy. CCP broke that agreement after taking HK.
1970's: Nixon offered China some limited access to us domestic market ,dissuading the CCP from continuing support for North Vietnam's Viet Cong proxy war on South Vietnam, this did then help persuade NV to a peace deal in Paris (JFK's goal when 1st sending in volunteers),after they lost almost all their VC and supply lines from their '68 tet offensive.too bad the Soviets resupplied the communists who then violated their Paris deal after Nixon was gone and democrats ruled congress, cutting off SVietnam's supplies.
I dunno what tarrifs exactly is? But now i kinda gotcha. Thnx CNBC!-
There’s no way a product would be cheaper to be made here in the USA. A watch cost way far less under $1 to be manufacturer in China, and then big brands slap their name on it or create the hype, and retail it for over a 300%+ margin.
Great job at explaining what tariffs are, but don’t mislead the American people with BS number examples. Lol
Make all them pay 30 % higher so we can be the richest country in the world
Now you have to edit the video and delete the phrase India from tarrif free
As always another interesting video from CNBC. The world tried protectionist trade policies once before during the Great Depression, and it failed miserably. In the end, it ends up hurting the consumers. However, countries do have some form of protectionism, from time to time, especially to protect 'Infant Industries' and guard against 'Dumping'. But most of these policies should be time bound, otherwise it ends up hurting the very people whose interests you are trying to protect.
Protectionism always hurts the consumer and not encourages not effective industries.
suggestion for next video - who will be the real victim of Oil war between USA and IRAN?
How will it affect the world?
krishna America has its own oil to sell now
From what you just explained. And me being from the highest educated generation. I don't like trump . But it sounds like hes trying to make were American businesses. So that Americans are not working for foreign companies anymore. And being that the world's economies based on the US dollar. More American products mean A better aconomy in the long run. Which also means lawmakers will have less of a Advantage over the American people Meaning less laws. For suppose a free country We have the highest incarceration rate the most laws. New York and New Jersey have The strictest gun laws. And in turn have the highest rape and crime ratings. They pass new laws because prisons are so fool That unless you are a murderer Or caught with a weapon You get let go. There so many pedophiles and rapists that do 3 to 6 months in prison and are released because of some of these laws. Need too tax 711 Holiday Inn trader Joe's American apparel sunglasses hut General Electric's Burger king Ben and Jerry's Budweiser Hallmanns. All of which are not American based companies if little less than 2% Equals up to Over $30 billion Over $150 billion Goes overseas From American Pockets. We only export $60 Billion worth hmmmm Don't take a rocket scientist to figure out why Americans are struggling so much We need American companies
AQUELA COMPANHIA E VS DE IKEPEDIA ATEZAPS #
Why don't you suggest a solution as well.
i might to get in the umbrella bussiness
0:32 lmao