Kevin, you and I have been doing business with China for a long time. In over 20 years, I have never faced a problem with a Chinese manufacturer that they weren't willing and able to solve swiftly and free of charge, compared to the arrogance and incompetence that we are all used to from European and US firms.
European and American automakers made huge profit in China. Chinese people buy expensive European car to trade for European to buy cheap Chinese cars….fair or not?
This is the second time in history that China has exported high-tech products worldwide. The last time China exported was china, silk, tea, etc. So, here is a free lesson about the original meaning of the term chinaman. Chinaman, as well as silkman and teaman, were the names for European aristocracies used by the commoner Europeans for thousands of years because they were the only Europeans who could afford china, silk, and tea. So, Chinaman is a term of admiration to Europeans. You must have heard of a type of furniture called a china cabinet. You may even own one and display your favorite china in it. Of course, you may not because they aren't cheap, and many Western families don't own one. Similarly, the meaning of Christianity used to be Godless because Romans had their God. The Asianman who crawled out of the virgin's pussy wasn't considered God in both Israel and Rome, of course, including Europe.
@@phyybalance2601European car makers are just concerned about massive profits forcing the Europeans to seek more affordable cars but EU tried to prevent that
They indirectly subsidize all their production. Wages are so very low. How much production can the planet absorb before we croak from overproduction. They are so desperate for hegemony.
Not to sound like a Duran advertisement, but the sanctions boomerang is real. You don't sanction relatively large industrialized countries without geopolitical consequences. It's like the Elensky curse. You laugh until it hits you.
This tariff can only make sense if it is meant to hurt the more well-established European auto makers than the Chinese auto makers. Again, this could be a hit job by the US auto makers to hurt their competitors.
it applies to Tesla also, so no, it's just plain stupid posturing or misuse of power, or both. It doesn't really matter when on average China owns 70% of everything, and G7 combined maybe 5%, probably less. It leads to one supplier in the end, and a war.
European car brands have been established in the US for years I highly doubt the premature hitjob of competition. The G7 just got expanded into 25 specifically for cracking China "tech" imports.
Europeans (particularly, Germans) should be building nuclear power plants, en masse, not depend on imported fuel (be it from Russia or the Middle East or Venezuela or, of course, the US).
Bill Gates is involved with a company that plans to build a sodium nuke reactor in Wyoming. I think the US Navy looked at sodium reactors early in their nuke sub program.
@@EliHaNavi The largest producer of enriched nuclear fuel is Rosatom (Russian state company), USA buys the larger part of its nuclear fuel from them. The largest uranium deposit in the world is in Kazakhstan - and was recently bought over by Rosatom. As Niger kicked out the French neocolonizers France had to start buying uranium ore at 10 times the price from them - just because the export price got adjusted to the one of the international market - and the mining operations are also moving into the hands of Rosatom, now Macaron is sending his troops to fight Russia cause his ancient reactors aren't profitable on fairly priced fuel. The first reactor working in a regular state able to use the low-active Uranium-238 is also developed by Rosatom, they're currently building their second generation of reactor running on what was referred previously as nuclear waste - completely dispose yourself of waste and generate electricity at the same time, you can force western clowns to pay you to dispose their used enriched uranium fuel. Oh, and also to mention the experimental nuclear synthesis reactor being built in Europe also relies on Russian components. While China is still behind Russia in this sector their scientific capacity is still respectable, they're on track to launching 4th gen reactors aswell (gen refer to safety standart mostly), plus Chinese companies also hold overseas uranium deposits (Namibia for example). What are the European clowns going to use as power source, sitting in the sun trying to photosynthesize? Their industry will be permanently sent in history before they figure out what to do with their energy sources, what's left for putting such plan in action.
Chinese made EVs are doing well in Australia and New Zealand..... and in these difficult times ought to be seen as encouragement for countries to meet climate goals......but the EU bosses evidently prefer bringing climate change forward. Silly people at best. 😊
Au and NZ are 3rd and number one in per capita car ownership in the world. when you say doing well, it's easy to say double digit growth when they might only sell a couple of hundred cars into a saturated market. Looking forward Au looks as though it is going to leave the Paris agreement, as the govt gets a cut of around a third per litre from fuel.
Generally the Chinese are patriotic will buy more on local Chinese brands in China to backfire on European car brands made in China for the chinese market because the Chinese felt the unfair tariffs imposed on Chinese EVs.
"Generally".... China will shrug their shoulders, cut the supply of batteries and raw materials to Europe and the USA and shift focus to BRICS. They have South America, India (yes, India will take the opportunity), Africa, Asia, And now the Middle East. . THEY don't NEED USA and Europe.
The most unfortunate was the thing the Chinese tried to play chess with The Bidens and got burnt horribly as the House kept ramping up the trail of money received from overseas. Including from China.
@@ssuwandi3240 No, this extra tariffs apply to all EVs manufactured in China, Chinese brands and Western/foreign brands alike. This is not just high duties for foreign cars, these are unilateral sanctions directed at China only.
There is a saying in Chinese (not sure about the accurate): Sometimes, you lift the biggest boulder you can find to hurt someone, only to drop it on your own foot.
A policy as such smells really funny and fishy. One would suspect that it is a masterpiece by the US representative inside the EU -- someone by the name of von der Leyen.
Why isn't Tesla subjected to those 100% tarifs? The model Y is almost all exclusively sourced and built from Chinese supply chains after all. It seems that the US is trying to get rid of the Clean Energy program because they can't tolerate that it is China that's leading the market. They just can't wrap their heads around losing control of a program they initiated. The cars makers were unwilling and sluggish to implement it because it conflicted with their fossil fuel current infrastructure. That was the case with the grid, the cell phone and mass transit. As long as Tesla innovates, it will be able to compete and survive in the Chinese car market jungle. But the Anti-American sentiment fueled by Washington persists, ordinary people will probably avoid buying American products.
Just like the US, protectionist policies have been ratified by the EU in order to not be thrashed by Chinese car makers. Labor costs and humongous scale have substantially driven up the market share of Chinese cars in Europe. As for European car brands, this is a worrisome trend which can drive them out of business.
seems like a chicken and the egg issue now. EU citizens will have to spend more to buy electrical transportation that the government is forcing them to use. Hence this will put upward pressure on wages for the economy making the companies they work for even less competitive. The downward spiral continues.
Europeans don't need as many cars as their American counterparts. They are cracking China *tech" import in its infancy. Party because of China's mixed sign in Geopolitics since the affairs in Huawei got unfolded.
Afrca's not quite there yet. I think the countries that have a lot of potential are in China, India, Asean and Latam. India's needs to improve its' quality of life, but I think it can improve.
There are still a lot of people putting their heads in the sand. Go to comment sections under auto review/news videos, and you see comments rubbishing anything Chinese. Fact is, they haven't driven, touched or seen real modern Chinese cars.
As a businessman in China, I would say China market is what economist called "perfect competition", especially for the manufacturing market. Factory owners run business at a very low profit level, or there will be no order. That is the main reason made in China products are cheap. The key is the competiton, not low labor cost or other reasons. A perfect competition market makes the total social welfare maximised according Chapter One in any Economics textbook. It is interesting that such a competiton market appears in a socialism economy.
Even with that tariff, BYD can wins lots of hearts in EU countries, as long as it wants, to just keep the sales on the current prices, still very competitive. For a new comer, the primary goal is not profit, but acceptance, reputation and popularity.
48% Tarriff is not a big deal for Chinese EV cars. They actually welcome it. Now they will compete with premium price, high quality and features. It is good for all Chinese EV car makers. They will load their EV cars with features and sell at premium price. For EU car makers, it is a welcoming too. It means they have some breathing room. Win-Win situation. Long term, Chinese EV car makers will sell their cars from their factories in EU. They might even handle the manufacturing for some major EU brands like BMW and Benz. China and EU will have tight economic coupling. For Europeans, they have gradually realized Chinese EV cars have quality and price ratio. You will see them accepting Chinese EV cars with no problem. EU has serious energy problem. Some of these Chinese EV cars, like the BYD hybrid, can travel over 13K miles with a full charge and 2.8 liter of gas. That is exactly what EU need. Again, Win-Win!
The Chinese car companies can side step the tariffs by setting up assembly plants in the EU. In the short term BYD can side step the tariffs by focusing on the sale of Hybrids to the EU.
These tariffs serve a multi-purpose function as follows: 1) It allows the EU to give deference to the US in their hybrid war with China. 2) It generates revenue for the EU since we all know the end customer pays the tariff. 3) It doesn't exclude Chinese manufacturers who will just set up shop in Europe or some other tariff free zone. 4) It doesn't promote massive retaliation from China since the tariffs are not outrageous and punitive like US tariffs. 5) It allows the EU to keep their zero emissions goals with somewhat of a delay.
1) Why should the EU give deference to the US when US policies are destroying the EU? 2) How is killing the end customer beneficial for the EU? It will just generate more Brexit like movements in each country by the people who feel the EU doesn't care about their concerns. 3) Agreed. 4) Perhaps, but it's myopic regardless as it's moving the rest of the world away from the dollar and Euro. 5) Who cares about that goal other than technocrats? Humans will survive. As will almost all species. I think Germany will not become destroyed by an extra 1.5º daily temperature. They will get destroyed by policies that cripple their finances while emerging economies who don't care about zero emissions undercut us and outperform us over the next few decades.
Just bought GWM Ora after brother-in-law had a BYD Seal. I have given my Tesla 3 to daughter. Cannot resist quality, technology, economy and good looks.
EU politicians are cunning. Tariff on Chinese products is one way to tax European consumers to finance Ukraine war under the guise of punishing China. China can hit back with tariff on European imports which are non-essential to Chinese consumers, such as brandy, wine, dairy and agriculture products, luxury goods & Airbus. China is self-sufficient in those goods.
Tasla wants to be the only one in Europe! I dont understand why the Chinese are wasting their time and money on the European market, its already a small market full of local well established european car companies. THere are bigger markets around the world. Ok BYD is building a factory in Hungary, what if after the factory finish, what guarantees the EU will not kick out Hungary from the bloc? It is well known the EU has no backbone it is corrupt and a slave to US corporate interest.
There are only a handful electric models from European brands that are imported from China. Volkswagen for expample doesn't ship any China produced cars to Europe. By far the most imported car Made in China, is the Tesla Model 3. Chinese brands still don't have a high share in Europe, so i don't unterstand these tariffs. I suspect more of a political background.
I find that the US and EU tariff tactic are completely different. What I don't understand is US slapping over 100% and even threatening other tactics to prevent any Chinese EV from crossing the border is unfair practise. Just look at how many stores and eatery that's US brand have in China, that means they're making a profit from this. The Americans were successful for over two decades selling Buicks in China and now they're pissed because they aren't. Lol, no American auto brands made any profit in Japan. To me, the strata system that EU is imposing depending on what they evaluate the Chinese auto brand can prove from inspecting the brands banking detail, is nowhere as bad as what Biden administration is doing (and probably Trump administration if he wins). I say BYD, with the least tariff slapped, will still put profit in the EU market. It's the US that's really being the bully.
How will tariffs affect profitability of Chinese EVs when it is the buyers that will be paying higher prices for them EVs.... unless the manufacturers / sellers are absorbing the tariffs. 🤔
Your stuff is good. Just dreading the time you decide to cater to the algos and over post with filler content so yt will show you more. Always love channels when they go from no subs to 50k bc they’re so authentic before the machine forces them to water the quality down. Stay authentic, the people who love your stuff are busy professionals, curious minds and value their time. Awesome stuff!
Just like the Americans tried in vain to keep the Japanese out back in the day. Frankly, I'm looking forward to being able to afford a car again, though I don't want an all electric one.
Africa is the future. How simple demographics. 40% of the worlds population will not only be African. They will live in Africa. Africa traditionally traded with Asia not Europe.
As said, eu ev car mkrs set up production centre in china to be competitive with local chibese brands. Snart business says…save big on doubling up with another eu production line…just piggyback on higher volume from China production centre and export to europe…..bigger profit margin. Instead, eu tariffs has just inbiilt higher cost per unit for these eu brands as they must retain their China production line…and the eu production line becomes an albatross cost…....
The E.U. had did that to Japanese cars, when Japan prospered. That led some Japanese automakers like Nissan to sell their brands. Nissan has been acquired by Renault, a French cars maker. Now, they expect the same thing will happen to the Chinese automobile industry.
If a product is good and desirable (plus needed), the price is of secondary consideration. Even a 100%+ tariff cannot deter its purchase. As it becomes a status symbol for the richer part of the population, very similar to owning an Apple phone in China (at one time).
Not sure what if any complaints there are. As described, even after tariffs the Chinese automakers are making profits. I assume the Europeans are OK with imports with tariffs in place. Note the 100% Biden tariffs aren't actually overkill since the Chinese earlier this year demonstrated their willingness to sell EVs at 50% of list price. Doubling the half price neatly fits a 100% tariff so if any Chinese EV manufacturers are thinking of dumping enormous quanties of vehicles at lowest prices, it won't be any different selling in America vs selling domestically in China earlier this year.
Here my take on what will happen. The Irony of Western Alliance treatment on New Energy products will split the world where by Western consumers will not be able to contain China. The consumers of the rest of the world is larger than combined market of Western Alliance. China products will sell in this market & knock out the Western EV. Although the Western markets consumers have more spending power per capital. Who doesn't want to get cheaper products of good quality, let us not talk about high quality. Good quality products that serve the same functions will always be the main market.
Cheap cars is secondary to preserving the large manufacturing base and employed popul ace for those countries that manufacture cars, like the big ones in the EU and the US. For countries that don't manufacture cars, cheaper prices is more important. For example, Norway did not impose tariffs because they do not have any industry to protect. France, Germany, Britain, Italy, the US, and the others are more interested in protecting their manufacturing base and jobs of those people than just getting cheaper cars.
Am I the only one who really doesnt dislike tariffs on Chinese EVs? I think they are in fact a good idea for Europe and for USA for two reasons: first you got to limit their advantage on price, wich is really their strongest advantage over western made EVs. Second they will get to have new factories built in Europe and USA wich means that, finally, after decades of western companies going to China to buil up factories they will now be forced to do it here. Customers still get to buy new Chinese cars if they want. To me it actually looks like a pretty good idea
What most people like you don’t get? Is it is US multinationals making the lion share of those profits inflating the trade deficit between China to the USA Where Chinese companies mostly trade with their Belt and Road country partners these days These US multinationals are the ones sending you that junk These US multinationals are still using the same highly polluting labour intensive factories formula. As they were using more and more illegal labour in their Chinese factories, smuggled in from South East Asia. Or more and more automation in their wholly owned factories in China these days These are the same companies who got those trump Corporate tax cuts you for sure cheered about Same companies based in China who derived 392 billion in sales of their goods and services into those Chinese domestic markets in 2018 when trump started his trade war Same companies averaging 20% to 40% of their earnings from China whose high flying stocks are in your 401k/Pensions Same companies who the American farmer and consumer were sacrificed. So the USA could try and get “more” or “better” access for the US multinationals, into those Chinese Domestic markets during the trade war Same companies whose HQ is in a North American city you can easily go stand outside and protest at…. Why didn’t China pull the nuclear trade option and boot these US companies you might ask? For one, it would crash the US Economy And the Chinese don’t believe in a zero-sum game type of thinking As I can show you during the trade war. China didn’t pull out their big trade weapons, in fact they were lowering tariffs to most countries not raising them 👇 Trump’s ‘trade war’ with China won’t be so easy to win Having learned these value chain lessons, Beijing has worked hard to bring more of the high-value-adding parts of value chains into China, and to build hi-tech industries in which it can establish a globally competitive position. China has successfully done this in areas like high-speed trains (CRRC), digital telecoms networks (Huawei), drones (DJI) and hi-tech batteries (BYD). Trump’s team is not wrong to be worried about China’s competitive emergence here, and to target these new-tech sectors in the latest trade war sortie. But here’s the problem: China exports almost none of these new-tech products to the US, making US tariff threats meaningless. Rather, they go to developing economy markets - many embraced by the Belt and Road initiative - where China has succeeded in building a hi-tech, high-value brand reputation. As Trump’s team will quickly learn, the challenge of finding China’s pain points is bigger than expected: for a decade China’s priority has been to base growth on the domestic consumer economy and reduce reliance on the low-value-adding export processing industries (many of which are US- or Hong Kong-owned and concentrated in the Pearl River Delta) SCMP
Europe's listed firms expect to glean $514 billion in revenue from China LONDON (Reuters) - European listed firms expect to receive 449 billion euros (£392 billion) in total revenue from China in 2019, with luxury brands and automakers the most exposed sectors, a Refinitiv analysis of company data shows. The data underscores the role China's burgeoning middle class is increasingly playing in determining the corporate and economic health of Europe, as concerns grow that their spending has slowed as Chinese economic growth cools. Among the pan-European STOXX 600 index, consumer firms including Swatch, Richemont and BMW, derived the biggest chunk of revenues from China - with a total of 120 billion euros sales from the country, the analysis based on companies' estimates of their 2019 revenue shows. Reuters
And even though these last few years China has been investing a few trillion (hidden loans included) in their belt and road partner countries 👇 China starts zero-tariff treatment for 6 least-developed African countries Positive move to continue bolstering bilateral trade, show demonstration effect By GT staff reporters Published: Dec 25, 2023 09:45 PM The zero-tariff treatment China had granted for six least-developed African countries officially took effect on Monday. Experts and industry players noted that the move will bolster trade between China and Africa while showing a demonstration effect for China's cooperation with other markets. The Customs Tariff Commission of the State Council, China's cabinet, announced on December 6 that 98 percent of taxable products from Angola, The Gambia, the Democratic Republic of the Congo (DRC), Madagascar, Mali and Mauritania would be exempt from import tariffs starting on Monday. Sarah Wang, executive director of Beijing Wise Century Trading Co, which sells a range of African products, told the Global Times on Monday that such measures will have a huge implication for trade between these countries and China. "With zero tariffs, these countries could expand the sales channels for their local produce, find new ways to generate foreign exchange reserves and create jobs," Wang said. The implementation of the tax break is a significant move contributing to fulfilling the China-Africa comprehensive strategic and cooperative partnership, and realize its responsibility under the WTO-led Aid for Trade Initiative, Song Wei, a professor at Beijing Foreign Studies University, told the Global Times on Monday. GT
Most Chinese knows US want to ruin China, so no Chinese car makers will build factories in US. If German brands falls in China they are not far from finish as the profit from Chinese market is the most for them. One BBA brand sells about 10000 plus in one week, how much they sell in EU? China is the largest car market for the last 10 years and will be in the future.
The biggest winners from the EU tariffs on EVs from China are Hungary and possibly Spain. The Orbán government has excellent relations with China. BYD and CATL will be building factories in Hungary to produce EVs and batteries for the EU market. Spain has secured agreement with Chery to produce EVs in Barcelona in partnership with a Spanish car manufacturer.
I think you missed the point on this one, there are other factories for cars most of them are new built in Eastern europe north africa etc... there is a consumed divorce between the west and China and this divorce is accelerating..
There's no contest here. When the U.S. chose protectionism to save its industries and the E.U. set up barriers to bar Chinese products in their attempt to save their industries, their actions already their defeat to China's prowess in manufacturing. In addition to its manufacturing capabilities, China's economy of scale also shows the complete industrial supply chains within its own border to produce high quality products at the most competitive costs that no single country in the West and Asia can compete against, be it South Korea, Japan, France and Germany.
it might be dangerous for chinese car makers to start sales in Europe. Who knows, whether some time later the tariffs are again raised, to stop the chinese sales.
*I DROVE S CLASS MERCEDES* for 25 years - I had 5 of them. I would NEVER buy another - way overpriced for plastic crap. My neighbour has an S650 Maybach €200k, it has a fake leather dashboard, chromed plastic switches and air vents, and more RGB lighting than a Twitch streamer's bedroom. Another neighbour has a €28k Chinese EV and honestly is 80% as good as the Maybach. *WESTERN CAR COMPANIES ARE CRUISING ON PAST NAME RECOGNITION*
What if these tariffs are really meant to combat deflation in the west? They want inflation to help alleviate their debt problem. It also plays well in the media by making us think the recession is caused by China dumping their cheap goods to put us out of jobs.
![FNAF vs TF2 - Episode 2 [SFM]](http://i.ytimg.com/vi/z5b3V2-VLb0/mqdefault.jpg)
Kevin, you and I have been doing business with China for a long time. In over 20 years, I have never faced a problem with a Chinese manufacturer that they weren't willing and able to solve swiftly and free of charge, compared to the arrogance and incompetence that we are all used to from European and US firms.
Amen!! 🙏
European and American automakers made huge profit in China. Chinese people buy expensive European car to trade for European to buy cheap Chinese cars….fair or not?
This is the second time in history that China has exported high-tech products worldwide. The last time China exported was china, silk, tea, etc.
So, here is a free lesson about the original meaning of the term chinaman.
Chinaman, as well as silkman and teaman, were the names for European aristocracies used by the commoner Europeans for thousands of years because they were the only Europeans who could afford china, silk, and tea.
So, Chinaman is a term of admiration to Europeans.
You must have heard of a type of furniture called a china cabinet. You may even own one and display your favorite china in it. Of course, you may not because they aren't cheap, and many Western families don't own one.
Similarly, the meaning of Christianity used to be Godless because Romans had their God. The Asianman who crawled out of the virgin's pussy wasn't considered God in both Israel and Rome, of course, including Europe.
@@phyybalance2601European car makers are just concerned about massive profits forcing the Europeans to seek more affordable cars but EU tried to prevent that
They indirectly subsidize all their production. Wages are so very low. How much production can the planet absorb before we croak from overproduction. They are so desperate for hegemony.
Not to sound like a Duran advertisement, but the sanctions boomerang is real. You don't sanction relatively large industrialized countries without geopolitical consequences. It's like the Elensky curse. You laugh until it hits you.
you laugh, until you get hernia and end up on the operating table in the hospital 😅
And then they double down to hurt themselves more.
China has:
All the production (Tesla excepted)
All the materials.
All the Development
And now the expanding BRICS market.
.
They've already won.
Not really, not in the financial market.
@@dimelo3027 The financial market is not as important as the above
Russia has all the materials, but the rest is right.
China can lean in to trade more with Asia without meddling too much into Russia's geopolitics.
@@pendulmonium Is there a finance market without materials and manufacturers?
The lady chairman of EU received instructions from US and she holds US passport.
And her kids and husband live in the US
That's why.
You mean that serial liar
A US 🐩
It is also scheduled to increase tariffs on China on July 4th, the United States’ National Day, as a gift to the motherland.
US Democrats. Always remember 2 system parties and they represent 2 very different voters base
A friend in China just put me on to your channel, glad he did. Now subscribed
Ironic that BYD are the main sponsors of the current EURO football tournament being held in Germany.
This tariff can only make sense if it is meant to hurt the more well-established European auto makers than the Chinese auto makers. Again, this could be a hit job by the US auto makers to hurt their competitors.
That makes the most sense of this seemingly nonsensical action.
it applies to Tesla also, so no, it's just plain stupid posturing or misuse of power, or both. It doesn't really matter when on average China owns 70% of everything, and G7 combined maybe 5%, probably less. It leads to one supplier in the end, and a war.
European car brands have been established in the US for years I highly doubt the premature hitjob of competition. The G7 just got expanded into 25 specifically for cracking China "tech" imports.
If I were in the market for a new vehicle I would seriously consider the BYD Shark.
The gas pipe line from Russia to Germany was a joint venture.... that got sabotaged.... seems the same work ethic applies here😢
Europeans (particularly, Germans) should be building nuclear power plants, en masse, not depend on imported fuel (be it from Russia or the Middle East or Venezuela or, of course, the US).
Bill Gates is involved with a company that plans to build a sodium nuke reactor in Wyoming. I think the US Navy looked at sodium reactors early in their nuke sub program.
@@EliHaNaviRussia is the leader in nuclear power form mining to reprocessing, hence no sanctions on nuclear fuel.😁😁😁🤔
@@EliHaNavi The largest producer of enriched nuclear fuel is Rosatom (Russian state company), USA buys the larger part of its nuclear fuel from them. The largest uranium deposit in the world is in Kazakhstan - and was recently bought over by Rosatom. As Niger kicked out the French neocolonizers France had to start buying uranium ore at 10 times the price from them - just because the export price got adjusted to the one of the international market - and the mining operations are also moving into the hands of Rosatom, now Macaron is sending his troops to fight Russia cause his ancient reactors aren't profitable on fairly priced fuel. The first reactor working in a regular state able to use the low-active Uranium-238 is also developed by Rosatom, they're currently building their second generation of reactor running on what was referred previously as nuclear waste - completely dispose yourself of waste and generate electricity at the same time, you can force western clowns to pay you to dispose their used enriched uranium fuel. Oh, and also to mention the experimental nuclear synthesis reactor being built in Europe also relies on Russian components. While China is still behind Russia in this sector their scientific capacity is still respectable, they're on track to launching 4th gen reactors aswell (gen refer to safety standart mostly), plus Chinese companies also hold overseas uranium deposits (Namibia for example).
What are the European clowns going to use as power source, sitting in the sun trying to photosynthesize? Their industry will be permanently sent in history before they figure out what to do with their energy sources, what's left for putting such plan in action.
Chinese made EVs are doing well in Australia and New Zealand..... and in these difficult times ought to be seen as encouragement for countries to meet climate goals......but the EU bosses evidently prefer bringing climate change forward. Silly people at best. 😊
It will be a matter of time they will fall in line when their master snap their leash.
Are they bringing climate change forward or backwards. Do some self check
Au and NZ are 3rd and number one in per capita car ownership in the world. when you say doing well, it's easy to say double digit growth when they might only sell a couple of hundred cars into a saturated market. Looking forward Au looks as though it is going to leave the Paris agreement, as the govt gets a cut of around a third per litre from fuel.
@@antonyjh1234 the Aussie n kiwi market is very small so they don't count very much
@@yaoliang1580 And considering they are saturated even less.
Generally the Chinese are patriotic will buy more on local Chinese brands in China to backfire on European car brands made in China for the chinese market because the Chinese felt the unfair tariffs imposed on Chinese EVs.
"Generally"....
China will shrug their shoulders, cut the supply of batteries and raw materials to Europe and the USA and shift focus to BRICS.
They have South America, India (yes, India will take the opportunity),
Africa,
Asia,
And now the Middle East.
.
THEY don't NEED USA and Europe.
产品力匹配时，中国人才会买国产车。欧美日的汽车在中国过了多久的好日子啊
B Y Big D is the future of MANkind 🎉
I thought it was BBC. 😂😂😂
Tesla has the compute!
BYD = Big Young Dong
Viet Dong
They are NOT chess players. They are GO players. It is a game of Winner Takes All.
this is an excellent point! Americans play checkers or go fish and are not too good at either lol.
The most unfortunate was the thing the Chinese tried to play chess with The Bidens and got burnt horribly as the House kept ramping up the trail of money received from overseas. Including from China.
Has the EU just put extra tariffs on their own brands? Wow, they do like to hurt themselves don't they, lol
No, the pre text prob would specify for foreign brands, same thing across Asia high duty for foreign cars
@@ssuwandi3240 No, this extra tariffs apply to all EVs manufactured in China, Chinese brands and Western/foreign brands alike. This is not just high duties for foreign cars, these are unilateral sanctions directed at China only.
Anything double taxed in nature will be offset. Only foreign China brands will not. C'mon you still think they're this stupid.
There is a saying in Chinese (not sure about the accurate): Sometimes, you lift the biggest boulder you can find to hurt someone, only to drop it on your own foot.
A policy as such smells really funny and fishy. One would suspect that it is a masterpiece by the US representative inside the EU -- someone by the name of von der Leyen.
So much for European green drive! MEPs just green with envy, masochist.
Yeah. China just ruined their green economy. 😂😂😂
Why isn't Tesla subjected to those 100% tarifs? The model Y is almost all exclusively sourced and built from Chinese supply chains after all. It seems that the US is trying to get rid of the Clean Energy program because they can't tolerate that it is China that's leading the market. They just can't wrap their heads around losing control of a program they initiated. The cars makers were unwilling and sluggish to implement it because it conflicted with their fossil fuel current infrastructure. That was the case with the grid, the cell phone and mass transit. As long as Tesla innovates, it will be able to compete and survive in the Chinese car market jungle. But the Anti-American sentiment fueled by Washington persists, ordinary people will probably avoid buying American products.
Because Tesla is "american".
Because Tesla CEO, founder and owner is a white man.
As usual, a great analysis. Thanks.
I really understand EU from Big boss order, pity for you.
Just like the US, protectionist policies have been ratified by the EU in order to not be thrashed by Chinese car makers. Labor costs and humongous scale have substantially driven up the market share of Chinese cars in Europe. As for European car brands, this is a worrisome trend which can drive them out of business.
It's a shame they didn't listen to Elon in 2006.... 🤷🏼♀️
Relatively speaking, they are a little wiser than Toyota, which said "hydrogen is the future.".
劳动成本😂，印度成本低，你会怕他们吗？
Our politicians are just pathetic. How embarrassing.
seems like a chicken and the egg issue now. EU citizens will have to spend more to buy electrical transportation that the government is forcing them to use. Hence this will put upward pressure on wages for the economy making the companies they work for even less competitive. The downward spiral continues.
You could miss the point more if you tried.
Europeans don't need as many cars as their American counterparts. They are cracking China *tech" import in its infancy. Party because of China's mixed sign in Geopolitics since the affairs in Huawei got unfolded.
Europe is the Past. Africa is the Future.
Africa is the prehistoric ages bud who are you kidding? The future is the East.
Afrca's not quite there yet. I think the countries that have a lot of potential are in China, India, Asean and Latam. India's needs to improve its' quality of life, but I think it can improve.
@@QuattroSG The East will trade more with Africa not Europe not North America not that continent at the butt end of the globe. 😂😂
Not until Africa kicks all US military out of the continent.. Be realistic, being delusional is not the path to development.
bull. my superpower country india is
You’re one of the most informative news channels on the web. Thank You
China can produce quality products at reasonable price. Any which way, China is quick and wise, always foresee and prepared.
There are still a lot of people putting their heads in the sand. Go to comment sections under auto review/news videos, and you see comments rubbishing anything Chinese. Fact is, they haven't driven, touched or seen real modern Chinese cars.
Maybe it is on purpose; The tariff will hurt Germany auto industry much more thus give France an edge in leadership role of EU.
BBA is in BIG TROUBLE. Too good for too long.
As a businessman in China, I would say China market is what economist called "perfect competition", especially for the manufacturing market. Factory owners run business at a very low profit level, or there will be no order. That is the main reason made in China products are cheap. The key is the competiton, not low labor cost or other reasons. A perfect competition market makes the total social welfare maximised according Chapter One in any Economics textbook. It is interesting that such a competiton market appears in a socialism economy.
People from outside does not know this, China is not a socialist country in most ways, there is no terminology to suits what Chinese society is.
Kevin, the import tariffs are not final yet, Germany feels trouble and is trying to axe it
Can it go against Brussels and Washington on its own?
@@hamlet2017 I sure hope Washington has nothing to say about this, that time is over.
Even with that tariff, BYD can wins lots of hearts in EU countries, as long as it wants, to just keep the sales on the current prices, still very competitive. For a new comer, the primary goal is not profit, but acceptance, reputation and popularity.
It’s amazing how EU do the math and end up dragging itself into the hole.
Sometimes people need to take their own advice, practice what you preach
48% Tarriff is not a big deal for Chinese EV cars. They actually welcome it. Now they will compete with premium price, high quality and features. It is good for all Chinese EV car makers. They will load their EV cars with features and sell at premium price.
For EU car makers, it is a welcoming too. It means they have some breathing room.
Win-Win situation.
Long term, Chinese EV car makers will sell their cars from their factories in EU. They might even handle the manufacturing for some major EU brands like BMW and Benz. China and EU will have tight economic coupling.
For Europeans, they have gradually realized Chinese EV cars have quality and price ratio. You will see them accepting Chinese EV cars with no problem. EU has serious energy problem. Some of these Chinese EV cars, like the BYD hybrid, can travel over 13K miles with a full charge and 2.8 liter of gas. That is exactly what EU need. Again, Win-Win!
Wealth transfer from West to East.
"back"
The East earns its wealth from hard work, the other earns its wealth from others' blood and sweat.
Interesting Wind Devil in the last scene. Thanks.
Chinese EV especially BYD is selling like hot cakes in Malaysia. 4 mths waiting time.
The Chinese car companies can side step the tariffs by setting up assembly plants in the EU. In the short term BYD can side step the tariffs by focusing on the sale of Hybrids to the EU.
These tariffs serve a multi-purpose function as follows:
1) It allows the EU to give deference to the US in their hybrid war with China.
2) It generates revenue for the EU since we all know the end customer pays the tariff.
3) It doesn't exclude Chinese manufacturers who will just set up shop in Europe or some other tariff free zone.
4) It doesn't promote massive retaliation from China since the tariffs are not outrageous and punitive like US tariffs.
5) It allows the EU to keep their zero emissions goals with somewhat of a delay.
1) Why should the EU give deference to the US when US policies are destroying the EU?
2) How is killing the end customer beneficial for the EU? It will just generate more Brexit like movements in each country by the people who feel the EU doesn't care about their concerns.
3) Agreed.
4) Perhaps, but it's myopic regardless as it's moving the rest of the world away from the dollar and Euro.
5) Who cares about that goal other than technocrats? Humans will survive. As will almost all species. I think Germany will not become destroyed by an extra 1.5º daily temperature. They will get destroyed by policies that cripple their finances while emerging economies who don't care about zero emissions undercut us and outperform us over the next few decades.
Just bought GWM Ora after brother-in-law had a BYD Seal. I have given my Tesla 3 to daughter. Cannot resist quality, technology, economy and good looks.
If you not were a man, I would have said that you are a pearl.
Thank you for so much info we dont get here at home.
EU politicians are cunning. Tariff on Chinese products is one way to tax European consumers to finance Ukraine war under the guise of punishing China. China can hit back with tariff on European imports which are non-essential to Chinese consumers, such as brandy, wine, dairy and agriculture products, luxury goods & Airbus. China is self-sufficient in those goods.
Now the US can sell EV to EU ❤
Tasla wants to be the only one in Europe!
I dont understand why the Chinese are wasting their time and money on the European market, its already a small market full of local well established european car companies. THere are bigger markets around the world.
Ok BYD is building a factory in Hungary, what if after the factory finish, what guarantees the EU will not kick out Hungary from the bloc? It is well known the EU has no backbone it is corrupt and a slave to US corporate interest.
There are only a handful electric models from European brands that are imported from China. Volkswagen for expample doesn't ship any China produced cars to Europe. By far the most imported car Made in China, is the Tesla Model 3. Chinese brands still don't have a high share in Europe, so i don't unterstand these tariffs. I suspect more of a political background.
Their intentions is to force European Carmakers to go back to Europe..
Kinda dumb..
No it is not dumb...same play book as the Chinese...force tech transfer
@@alanccvoo Europe doesn't own the supply chain..Carmakers going back to Europe is Demise..
@@alanccvoo @alanccvoo Europe doesn't own the supply chain..Carmakers going back to Europe is Demise..
The world needs a level playing field
I'm seeing more and more Chinese EVs in Dubai. Mostly the high-end ones though. They are truly gorgeous in person.
I find that the US and EU tariff tactic are completely different. What I don't understand is US slapping over 100% and even threatening other tactics to prevent any Chinese EV from crossing the border is unfair practise. Just look at how many stores and eatery that's US brand have in China, that means they're making a profit from this. The Americans were successful for over two decades selling Buicks in China and now they're pissed because they aren't. Lol, no American auto brands made any profit in Japan. To me, the strata system that EU is imposing depending on what they evaluate the Chinese auto brand can prove from inspecting the brands banking detail, is nowhere as bad as what Biden administration is doing (and probably Trump administration if he wins). I say BYD, with the least tariff slapped, will still put profit in the EU market. It's the US that's really being the bully.
Today, in africa there are 10 times birthies than europe.
I noticed the Porche dealer in Adelaide has dumped Porche and gone with BYD.
Now the US can sale EV into EU ❤️
Thanks !
It seems like we need a model for stupid behavior and our elected keep using it like a steroid.
All eyes are on eu vs china...but look who is the real winner? And who advised the eu ? Just follow the money and it is clear why this happens.
Why wouldn't the Chinese auto make making profits when the tariffs are pay buy buyers...when alternatives don't exist.
How will tariffs affect profitability of Chinese EVs when it is the buyers that will be paying higher prices for them EVs.... unless the manufacturers / sellers are absorbing the tariffs. 🤔
because of the new EU tariff, means that would be the end of German car in China. stupid.
Your stuff is good. Just dreading the time you decide to cater to the algos and over post with filler content so yt will show you more. Always love channels when they go from no subs to 50k bc they’re so authentic before the machine forces them to water the quality down. Stay authentic, the people who love your stuff are busy professionals, curious minds and value their time. Awesome stuff!
Kevin is that one guy who keeps telling people the Emperor has no clothes, but the EU and US lawmakers just keep their heads in the sand.
come back to watch the second time。Thank you Kevin
Europe without it's colonies us KAPUT. Comprende😂😂😂😂😂
Europe today is a colony of the US
Love your show …… concise. TO THE POINT……..REFRESHING! Oklahoma
Thank you for your great content.
Tariffs only help Chinese cars with foc international advertisements
My guess is Europe will back off on their deadlines like the UK did
Just like the Americans tried in vain to keep the Japanese out back in the day. Frankly, I'm looking forward to being able to afford a car again, though I don't want an all electric one.
Ya but profits also mean employment..
Africa is the future. How simple demographics. 40% of the worlds population will not only be African. They will live in Africa. Africa traditionally traded with Asia not Europe.
Warren Buffet is laughing all the way to the bank now. Wait, he already did😂😂
🇨🇳EV👏👏👏👏👏👍👍👍👍👍
Volvo stocks got a dump. You're illinformed.
As said, eu ev car mkrs set up production centre in china to be competitive with local chibese brands. Snart business says…save big on doubling up with another eu production line…just piggyback on higher volume from China production centre and export to europe…..bigger profit margin. Instead, eu tariffs has just inbiilt higher cost per unit for these eu brands as they must retain their China production line…and the eu production line becomes an albatross cost…....
Kevin.
Have you anything on what China will Invest in ASEAN in first 6 months of 2024 please?
The E.U. had did that to Japanese cars, when Japan prospered. That led some Japanese automakers like Nissan to sell their brands. Nissan has been acquired by Renault, a French cars maker. Now, they expect the same thing will happen to the Chinese automobile industry.
How's BYDs getting a Mexican facility built?
If a product is good and desirable (plus needed), the price is of secondary consideration.
Even a 100%+ tariff cannot deter its purchase.
As it becomes a status symbol for the richer part of the population, very similar to owning an Apple phone in China (at one time).
Not sure what if any complaints there are.
As described, even after tariffs the Chinese automakers are making profits.
I assume the Europeans are OK with imports with tariffs in place.
Note the 100% Biden tariffs aren't actually overkill since the Chinese earlier this year demonstrated their willingness to sell EVs at 50% of list price. Doubling the half price neatly fits a 100% tariff so if any Chinese EV manufacturers are thinking of dumping enormous quanties of vehicles at lowest prices, it won't be any different selling in America vs selling domestically in China earlier this year.
Here my take on what will happen. The Irony of Western Alliance treatment on New Energy products will split the world where by Western consumers will not be able to contain China. The consumers of the rest of the world is larger than combined market of Western Alliance. China products will sell in this market & knock out the Western EV. Although the Western markets consumers have more spending power per capital. Who doesn't want to get cheaper products of good quality, let us not talk about high quality. Good quality products that serve the same functions will always be the main market.
Cheap cars is secondary to preserving the large manufacturing base and employed popul ace for those countries that manufacture cars, like the big ones in the EU and the US. For countries that don't manufacture cars, cheaper prices is more important. For example, Norway did not impose tariffs because they do not have any industry to protect. France, Germany, Britain, Italy, the US, and the others are more interested in protecting their manufacturing base and jobs of those people than just getting cheaper cars.
No tariffs in Australia because we were smart enough to get out of car manufacturing, we couldn't compete.
Am I the only one who really doesnt dislike tariffs on Chinese EVs? I think they are in fact a good idea for Europe and for USA for two reasons: first you got to limit their advantage on price, wich is really their strongest advantage over western made EVs. Second they will get to have new factories built in Europe and USA wich means that, finally, after decades of western companies going to China to buil up factories they will now be forced to do it here. Customers still get to buy new Chinese cars if they want. To me it actually looks like a pretty good idea
What most people like you don’t get?
Is it is US multinationals making the lion share of those profits inflating the trade deficit between China to the USA
Where Chinese companies mostly trade with their Belt and Road country partners these days
These US multinationals are the ones sending you that junk
These US multinationals are still using the same highly polluting labour intensive factories formula.
As they were using more and more illegal labour in their Chinese factories, smuggled in from South East Asia.
Or more and more automation in their wholly owned factories in China these days
These are the same companies who got those trump Corporate tax cuts you for sure cheered about
Same companies based in China who derived 392 billion in sales of their goods and services into those Chinese domestic markets in 2018 when trump started his trade war
Same companies averaging 20% to 40% of their earnings from China whose high flying stocks are in your 401k/Pensions
Same companies who the American farmer and consumer were sacrificed. So the USA could try and get “more” or “better” access for the US multinationals, into those Chinese Domestic markets during the trade war
Same companies whose HQ is in a North American city you can easily go stand outside and protest at….
Why didn’t China pull the nuclear trade option and boot these US companies you might ask?
For one, it would crash the US Economy
And the Chinese don’t believe in a zero-sum game type of thinking
As I can show you during the trade war.
China didn’t pull out their big trade weapons, in fact they were lowering tariffs to most countries not raising them
👇
Trump’s ‘trade war’ with China won’t be so easy to win
Having learned these value chain lessons, Beijing has worked hard to bring more of the high-value-adding parts of value chains into China, and to build hi-tech industries in which it can establish a globally competitive position.
China has successfully done this in areas like high-speed trains (CRRC), digital telecoms networks (Huawei), drones (DJI) and hi-tech batteries (BYD).
Trump’s team is not wrong to be worried about China’s competitive emergence here, and to target these new-tech sectors in the latest trade war sortie.
But here’s the problem: China exports almost none of these new-tech products to the US, making US tariff threats meaningless. Rather, they go to developing economy markets - many embraced by the Belt and Road initiative - where China has succeeded in building a hi-tech, high-value brand reputation.
As Trump’s team will quickly learn, the challenge of finding China’s pain points is bigger than expected: for a decade China’s priority has been to base growth on the domestic consumer economy and reduce reliance on the low-value-adding export processing industries (many of which are US- or Hong Kong-owned and concentrated in the Pearl River Delta)
SCMP
Europe's listed firms expect to glean $514 billion in revenue from China
LONDON (Reuters) - European listed firms expect to receive 449 billion euros (£392 billion) in total revenue from China in 2019, with luxury brands and automakers the most exposed sectors, a Refinitiv analysis of company data shows.
The data underscores the role China's burgeoning middle class is increasingly playing in determining the corporate and economic health of Europe, as concerns grow that their spending has slowed as Chinese economic growth cools.
Among the pan-European STOXX 600 index, consumer firms including Swatch, Richemont and BMW, derived the biggest chunk of revenues from China - with a total of 120 billion euros sales from the country, the analysis based on companies' estimates of their 2019 revenue shows.
Reuters
And even though these last few years China has been investing a few trillion (hidden loans included) in their belt and road partner countries
👇
China starts zero-tariff treatment for 6 least-developed African countries
Positive move to continue bolstering bilateral trade, show demonstration effect
By GT staff reporters Published: Dec 25, 2023 09:45 PM
The zero-tariff treatment China had granted for six least-developed African countries officially took effect on Monday. Experts and industry players noted that the move will bolster trade between China and Africa while showing a demonstration effect for China's cooperation with other markets. The Customs Tariff Commission of the State Council, China's cabinet, announced on December 6 that 98 percent of taxable products from Angola, The Gambia, the Democratic Republic of the Congo (DRC), Madagascar, Mali and Mauritania would be exempt from import tariffs starting on Monday. Sarah Wang, executive director of Beijing Wise Century Trading Co, which sells a range of African products, told the Global Times on Monday that such measures will have a huge implication for trade between these countries and China.
"With zero tariffs, these countries could expand the sales channels for their local produce, find new ways to generate foreign exchange reserves and create jobs," Wang said.
The implementation of the tax break is a significant move contributing to fulfilling the China-Africa comprehensive strategic and cooperative partnership, and realize its responsibility under the WTO-led Aid for Trade Initiative, Song Wei, a professor at Beijing Foreign Studies University, told the Global Times on Monday.
GT
Most Chinese knows US want to ruin China, so no Chinese car makers will build factories in US. If German brands falls in China they are not far from finish as the profit from Chinese market is the most for them. One BBA brand sells about 10000 plus in one week, how much they sell in EU? China is the largest car market for the last 10 years and will be in the future.
perhaps the EV tariffs are to discourage EU auto makers to build EVs in China. or to help Chinese EVs?
help chinese EV? with dinosaur tech
@@chingtuckmeng1122 "dinosaur tech" or not, people are snapping them up Made in China EVs, eat your little heart out!
The stupidity of everything happening almost looks intentional…
stop buying EV cars, buy EV motorbikes. Cheaper and ride faster and no traffic jam.
All still come from China, next sanctions 😂😂😂
电驴，e-donkey
The biggest winners from the EU tariffs on EVs from China are Hungary and possibly Spain. The Orbán government has excellent relations with China. BYD and CATL will be building factories in Hungary to produce EVs and batteries for the EU market. Spain has secured agreement with Chery to produce EVs in Barcelona in partnership with a Spanish car manufacturer.
I think you missed the point on this one, there are other factories for cars most of them are new built in Eastern europe north africa etc... there is a consumed divorce between the west and China and this divorce is accelerating..
There's no contest here. When the U.S. chose protectionism to save its industries and the E.U. set up barriers to bar Chinese products in their attempt to save their industries, their actions already their defeat to China's prowess in manufacturing. In addition to its manufacturing capabilities, China's economy of scale also shows the complete industrial supply chains within its own border to produce high quality products at the most competitive costs that no single country in the West and Asia can compete against, be it South Korea, Japan, France and Germany.
👍
I noticed you gave a big sigh at the end of the video... sigh
Luciferin thought is perplexing.
❤👍👍👍👍👍👏😍🙏🔥❤️
NO MORE CARBON TAX BUT GREEN ENERGY TAX BY THE WEST, NO BRAINER...
it might be dangerous for chinese car makers to start sales in Europe. Who knows, whether some time later the tariffs are again raised, to stop the chinese sales.
*I DROVE S CLASS MERCEDES* for 25 years - I had 5 of them. I would NEVER buy another - way overpriced for plastic crap.
My neighbour has an S650 Maybach €200k, it has a fake leather dashboard, chromed plastic switches and air vents, and more RGB lighting than a Twitch streamer's bedroom.
Another neighbour has a €28k Chinese EV and honestly is 80% as good as the Maybach. *WESTERN CAR COMPANIES ARE CRUISING ON PAST NAME RECOGNITION*
😂😂 That's crazy. The West shoot themselves foot again and agian, without giving a break 😂. Just Amazing. 😂
Sorry I think the tariff makes total sense.... to the US 🤣🤣🤣
What if these tariffs are really meant to combat deflation in the west? They want inflation to help alleviate their debt problem. It also plays well in the media by making us think the recession is caused by China dumping their cheap goods to put us out of jobs.
But they keep spending so I don't see their debt going away even with inflation.
Viktor Orban loves it.
i wonder why noone realizes this in Europe? too lazy?
China should do the same with western products
Or the middle east, latin america are the future.
And just don't touch that big subcontinent country. Too risky.
it is a good thing if we have a divided planet