China’s Tariff Wars: The EU Opens a New Front || Peter Zeihan
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- Опубликовано: 12 сен 2024
- *This video was recorded in June of 2024.
We're talking about a different kind of war today - Trade Wars. Specifically, we'll be looking at attempts by the US and EU to limit Chinese involvement in their electric vehicle markets.
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#china #import #electricvehicle
Peter, if you or your staff read this:
I was in Home Depot yesterday, and I noticed that most of the appliances are going back to rotary knobs, like we had 40 years ago. Washers, dryers, stoves, and some refrigerators, have rotary dials, lamps, and no cheap, fuzzy LCD screens that need full light to read. My take is that the appliance manufacturers either can't get Chinese touch panels or that it is now cheaper or more parts availability secure to go back to knobs. Personally, I am delighted and hope the same thing happens to automobiles.
can we relearn to twist, when all we know is push?
Well there's been a push for retro design in furniture and appliances the last 15 years
Could be, but it is also possible the manufacturers are going to cheaper units because of the state of the current economy.
The reputation for reliability is poor. So the manufacturers are mimicking older machines, which are seen as superior to the newer machines. The electronic boards are still there.
Actually heard a customer at Lowes ask specifically for the old fashion controls
China is a developed country. China imposes 218% tariff on Australian wine. Tariffs on Chinese goods should start at 218%.
China is a dead poor developing country, it is arguably one of the poorest countries north east asia. It will remain a developing 3rd world country for the 100 years to come.
China is not a developed country LOL. Why do people feel so much confidence when they write on the internet?
lol, first of all, the chinese tariff on australian wine was removed. second of all, wine is a luxury good, and an intoxicant, and by no means do any countries need to even allow it on their markets, let alone allow it on their markets at a competitive price.
australia can stop trading with china whenever it wants, oh never mind, it NEEDS chinese goods lol
yall should be putting more tariffs on chinese products, but instead you're removing tariffs through chafta, cause you can't make your own stuff cheap enough for your own ppl to buy it.
if the tariffs on chinese goods was at 218 percent, then you'd quickly see that most of your fellow countrymen wouldn't be able to afford nearly as many goods and services as they did before you put the tariffs on...
i get your point, i get your frustration, but things just aren't that simple. it's a complex world and complexity can't be swept away with a snide, ill informed, youtube comment.
i believe the CCP is horrible by the standards i'd like to have for the leadership of a country. they're racist, they're imperialists, they literally think the chinese should be the rulers of the world, and even the rulers of outer space, like they actually think they have a rightful and just claim to rule, and supersede, others because they are better.
now, tbf, many countries like to take that approach lol, it's one that my own country, the US, has often been accused of taking, and perhaps those accusations are founded.
that being said, i specifically dislike the authoritarianism and social control china tries to implement, again, i guess they're not unique in this, but they are extreme in it.
anyway, what i'm trying to say is that i'm on your side, but dealing with china requires high level complexity if we want to obtain the best outcomes with the least drama and war.
American manufacturing has shrunk for several months straight. If Zeihan thinks America is in a good position then he’s dreaming
Lmfao these boomers are hilarious
Should’ve happened a long time ago. China heavily tariffs cars made in the US & EU.
The only cars exported from the USA are European or Japanese owned brands, US brands are junk and other than Tesla no one buys them.
US made is junk no one wants them.
Are you talking out of your ass?China buys close to 40% of all European cars. American not so much. Who wants that junk?
that's what Trump has been PROMOTING since 2016 !
Viva Trump! MAGA for ever !
He said USA should suck it up not go tit for tat
Thanks to grandpa Biden who doesn't just talk but puts things into action
Welcome to New Mexico, your explanations are my daily schooling in global economics
Trade war is foolish Anti Capitalism.
Congratulation, u just have been screwed up. 😂
He has some interesting thoughts but clueless about certain things, and completely wrong about Bitcoin.
Global economy from new Mexico. Isn't it a bit remote? It will be a stretch to understand California from new Mexico.
I pity you
“mid to low quality” is a great description of Chinese goods , most should be subject to a landfill tax before entry is even considered
even better "copied to low quality" products
mostly junk is true
Junk tier and toxic food.
Throw your iPhone away, freak.
Maglev trains, 5g, EVs. I remember when people thought Japanese were mid to low quality. 😂😂😂
A plane at 30,000 is a lot louder when you are already at 12,000.
That was a prop plane, probably not at 30,000’ based on airspace classification and the very limited number of GA prop planes capable of flying that high.
@@TheBeingReal so even closer
😂😂😂😂😂
Mr. Zeihan conveniently ignores the fact that Chinese quality and safety standards for electric vehicles are considerably lower than ours. BYD electric cars erupting in flames is a rather common occurrence in China. I'm not talking about when they're in accidents. I talking about when they are parked on the street or in garages.
Yeah, *brand new* BYDs explode in showrooms!
Seriously, WTF?
Wouldn’t buy ANY large Li-ion battery, 2KVA+, made in China.
Nicely brainwashed. Congratulations 😉🎉
Delusional. Why do you think Biden had to rush to impose 100% tariff as protection. Eventhough there is no Chinese ev selling there. He has to protect his own from far better built and more affordable Chinese imports. High tariffs are for those who can't compete and know they can't.
If BYD's cars are burning, why does 80% of the world buying BYD?
You witnessed them yourself or just trolling? Any proof? No I am not from China
Chinese BYD vehicles are now better than Tesla with many more modern features. The real issue is they start at$12k and the model that competes in US is only 30K. Category killer.
Uh no they are not, but what do I know besides being an electrical engineer….
I don't think those vehicles will ever touch American soil
If you think Chinese made electric vehicles are better than Tesla, you need to go do some more research.
@@rxshredgiven what a complete pile of crap the Cybertruck is, I wouldn't be surprised if they are better, not because they are super advanced, just that they aren't ruined by a delusional ketamin junkie
Chinese culture does not have the quality first approach. If it looks the same and does the same but cheaper, that is the one to buy. They manufacture products a cheaply as possible and focus on making it look like the products they are cloning. If it looks like the real product and it works, that is considered ok in China as long as they can sell it as inexpensive as possible. Their quality is1/2 that of the Japanese product but the price is only 1/4. So people buy it because it is cheap rather than better quality. I was from Hong Kong.
Peter I don’t know if you are aware of this but maybe 8 or so years ago china purchased Smithfield farms, the largest pork producer in the USA by far. I don’t know much about Smithfield since they are not located in my area but there are some very large operations based in my area. They run about 800,000 sows which is double what the number two hog producer runs. Chinas hog herd is double the size of the US herd and as you stated wildly inefficient, everything from backyard pigs to 8 story building full of pigs. The US exports 1 out of every 5 rows of soybeans to China for their hogs to eat. Losing that market is going to hurt but back when Trump put on the trade taxes China quickly found out they could not get enough soybeans from anywhere else so they bought South American beans and the USA suddenly started exporting to SouthAmerica which is a rare occurrence normally.
If BYD buys Chrysler and builds EVs in America under Chinese ownership there goes your tariffs...
As with TikTok, once the government decides to abuse its power, it doesn't matter how above board someone's game is. New laws can be made. Laws can be changed. Anyone can be punished under the umbrella of "national security".
Do you mean those cars that track a person's face, all adjacent pedestrian faces, along with the GPS location?
I can see that getting awkward.
Buying Chrysler means either buying the brand owned by Stellantis , or buying the holding itself. Citroen , Peugeot , Fiat, Opel, Chrysler/Dodge/Jeep/Ram, Vaxhuall .
Since it's mostly about staying ahead of the Chinese technology-wise, and about preserving jobs and manufacturing capability....
BYD buying American plants on paper would not be a problem.
(perhaps the spyware inside of them, or corporate tracking being uploaded to server in Beijing would - but that is something you can outlaw, as a national government)
@@quantumbaconTesla is already planning on doing that and GM, Honda and others have already been caught selling your driving data (like GPS) to third parties. Not saying I support the Chinese, just that none of these companies should be allowed to do this crap.
6:15 The term 'Smart light bulb'; some things just don't need a semiconductor inside them.
Peter, if you read these, have you heard anything about financial problems at Huawei? They've been doing a lot of bond sales this year with some odd yields, and the bonds are unsecured. Rumor is they're having big financial problems and the bonds are something of a 'cover' for the CCP to use instead of just doing the normal looting of banks and accounts of the few profitable industries in China to keep them afloat.
Interesting. What kind rates are being offered? I hadn’t heard of this. I was an expat in Asia for 15 years in the telecom industry during the rise of Huawei. They were about as sleazy as they come so if they are in financial trouble it couldn’t happen to better bunch of crooks.
A long time ago, Backpage was also in print. They would buy up a full page in various weekly newspapers and ran classified ads on it. (They were literally the back page of the weekly magazine)
Among the typical ads they ran (massage parlors, DUI defense lawyers, single and looking, etc) Huawei decided that was the publication to take out a large ad (about the size of 15-20 ads in big red print) advertise a job position for RF engineers (?!?)
Huawei issued 1 billion yuan of bond with a yield of 2.83% which is super low for corporate bond, and it is lower than the cost of borrowing from the bank. It not only shows the good credit of Huawei but also helps Huawei to finance its money at lower cost.
Actually, light bulbs are the only things in my house that I do like to be "smart"
It saves me having to change all switches over to dimmable turning knobs, and I love being able to not only dim but also change the color temperature by my phone.
I draw the line at everything being turned on or off by voice commands though...
At least now, if the app or wifi gets busted, I still have the physical switches.
And I could see how turning the thermostat down while on vacation, or turning the AC on before you come back home, could be useful to other people.
But apart from that, I think those Internet Of Things items are a risk and a waste and a hassle...!
@@easonhuang7117 No that doesn’t show good credit, that shows that it’s an inside job, specifically for Chinese citizens that have nothing better to do with their cash particularly given the collapse of the residential real estate market. No one outside of China would invest in a Yuen denominated corporate bond that pays 2/3 the rate of a US T-bill/note
"Gallium and Germanium, which are two not rare earth metals but rare metals". Look at you go, Mr. Periodic Table!!
The problem with Chinese EVs is that they have poor quality control, and poor quality control for a car sized bank of lithium batteries is absolutely unacceptable.
You're dated caveman.
True.
Sour grapes . Where is your EV
@@kennethkong5484 is it better to have bad EVs or to have no EVs?
How to say you are German without saying you are German ;)
Isn't the reality that the USA and UK just want to keep their prices high rather than allow choice? I find it amusing that countries want to push a climate agenda but keep the price out of reach for the majority.
And yet China is the largest trading partner to more than 120 countries.
Don’t let facts stand in the way of this guy, he just spouts endless garbage.
And don't forget all those nations are developing and growing. Unlike declining west.
@@user-tt6il2up4o
You can't upset, sour 🍇
The attention to detail and the editing at the beginning to make sure it’s right is fantastic
Now I can find it on a map
Hey Peter, you turned 800.000, congrats!!
Now you play that forward one year... you get 1 million subscribers.
Holy crap 800k.
Man, is he old!!!
that explains where all his knowledge comes from! my man predates the existence of homo sapiens!
Yep, with lines like "i kNeW iT wAs sOmE dEaD wHiTe gUy" , he really impresses the Internet. Man, he's so self-hating and cynical, yay!
I love reading the comments on your videos . It's like a training ground for russian and Chinese trolls lol Personally I prefer non EV vehicles but we should be ditching combustion engines for anything other than recreation ( like horses ) . The problem with Chinese EVs is that they do like to burst into flames at the drop of a hat . Some of the videos coming out of China are horrific .
The wolf warrior is now wimpering. CN should not have so angered their customers. Dumb, dumb move for anyone.
The redneck politicians in DC are not the Chinese's customers, apparently.
Basically Trump 101 by the OP
You just go buy your American over-priced junk. Nobody cares about it.
Well Zeihan good luck to America and Europe
90nm is what you put in a smart bulb ? A modified bitcoin miner…. For chip fabrication ? Can we get some sources?
So uneducated. That’s what they put in their cell phones
Sometimes I wonder if he knows something what others don't. As I see a completely different picture here specifically in the semi conductor market based from someone else: ruclips.net/video/SHpzzaaI-20/видео.html&ab_channel=InsideChinaBusiness
It feels as if he meets the US propaganda machine to know what he shld put out. The guy has never been to China n talks to Americans to know about it 😄. I hope his sources r better than those who claimed Iraq had WMD. 😄
Yeh, great research Peter.
My source is that I made it the F up
This never gets old 💯💯💯. Keep it coming‼️‼️‼️
In UK we expect human food to carry a country of origin label. it would be strange to see unprocessed pork arrive from anywhere beyond Europe.
tinned pork or dog food, would be less likely labelled with a country of origin, but I'd bet if there was a supply battle issue then many producers would make a bigger deal out of EU/UK labelling.
A lot of uk meat comes from eastern europe out of chinese owned slaughter houses with chinese workers equipment.
These tariff is not hurting China. The people paying these tariff to the US government are the US Citizens. It’s really a huge tax increase for the average Americans disguised as a tariff on China.
I saw a video by EPB Research, here on RUclips, that said the same thing Peter has been saying for years now: China will collapse by 2030 due to a combination of debt and demographic issues, _no_ reference to Peter in the report and the graphs are compelling. Demographics is _the_ leading indicator of economic performance over five years and longer.
Yea... but P sad it for decades not years. Actually he sad it would happen by 2020. He's entertainer. He is current on a lot subjects but ridiculously biased in reading the data. He oftentimes uses fringe research if it will help his theories. Dont get me wrong, I've been following him for a very, very long time and i do appreciate him because he often intrigued me to find out more about subject but he is not serious analyst. His main ingredients are shock value and 'murica. It's great for what it is and his stock is rising a bit with prominence of new YT geopolitical shows and content i just can't take him seriously. His predictions or "informed guesses" are basically coin flips so far.
When we thought China was an ally, we allowed them to corner the market on rare metals. When China tried to exploit that monopoly, it inspired other countries to ramp up their own production. Everything is backfiring on China lately.
Play stupid games, win stupid prizes.
You forgot that China bought American producer Smithfield
Most importantly ,at the time and resulted in the delisting of "Smithfield", which used to trade on the New York Stock Exchange.
more tariffs, sanctions only tell me the US EU is aging rapidly, can't compete, and the ponzi conomy, fiat dollar is DONE! SHOWS the globe the US EU are terrorist of the poor. Eventually, US EU will eat each other to the bone!
That’s a little depressing
The USA can always nationalize it.
@@blafonovision4342 If we go to war, what's to stop the USA from nationalizing all the Chinese debt?
All that money we owe China? Balance is now zero. Have a nice day.
Literally nothing the Chinese could do about it.
Come on Peter, you, myself, and everyone who took an intro to macroeconomics course in college know that tariffs (i.e., a tax) are passed onto the consumer in the form of higher prices. Therefore, tariffs imposed on Chinese EVs or any other goods of that matter will not hurt the Chinese economy, only the American consumer will pay the price;literally and figuratively speaking.
I fully expect EU to reshore vast majority of mid-tech manufactiring from China to places like Poland, Romania, Turkey - oh and Ukraine if it gets peace with Russia one day.
🤞
All the countries you named are unable to manufacturer mid-tech goods except perhaps Turkey
and power them with solar panels and windmills? 🤣🤣🤣
@@festekj Why is Poland not able to manufacture mid-tech?
@@viciouswaffle wages are too expensive to be cost effective. It has nothing to do with ability, but rather with practicality. Poland uses the Euro and has high wages. Unless they can somehow automate the whole process, well, it is not practical to produce them in Poland. The EV factories in Hungary are predominantly automated using Chinese manufacturing capabilities. Its important to note that all the parts are made in china to be assembled in Hungary. No automobile manufacturer has been able to automate factories like the Chinese with the exception of Telsa. And even Telsa axed the project in Germany due to high energy costs. Only Hungary benefits from low energy costs, well, that is until Ukraine shut off the valve
It would seem that the Chinese have improved their chipmaking capabilities: As of 2024, Chinese semiconductor manufacturers have achieved significant advancements in chip production technology. Semiconductor Manufacturing International Corporation (SMIC), one of China's leading chip manufacturers, has developed the capability to produce chips at 14 nm and has been working on more advanced nodes. There are reports of SMIC producing chips at the 7 nm node and making strides towards 5 nm, although these advancements are not yet at the same level of commercial maturity and volume production as seen with leading global competitors like TSMC and Samsung.
In summary, the Chinese semiconductor industry is capable of producing chips at:
- 14 nanometers
- 7 nanometers (limited and emerging capabilities)
- Progress towards 5 nanometers (in development)
Always happy when Peter's not talking American politics.
your scared when he does if he tells the truth. PZ is a propagandist! more tariffs, sanctions only tell me the US EU is aging rapidly, can't compete, and the ponzi conomy, fiat dollar is DONE! SHOWS the globe the US EU are terrorist of the poor. Eventually, US EU will eat each other to the bone!
Agrreed
Is that what he is doing? I thought he was playing in the woods and pimping out deep state swamp propaganda.
You can clearly see how hard he works collecting all that data.
Oh! that's right. You NEVER see him in the office or even with a PC looking up this data. Funny that.
But he sure looks cool in the wood. This will make the masses believe him. The CIA thinks.
PZ propagandist tells you want you want hear. But, more tariffs, sanctions only tell me the US EU is aging rapidly, can't compete, and the ponzi conomy, fiat dollar is DONE! SHOWS the globe the US EU are terrorist of the poor. Eventually, US EU will eat each other to the bone!
Geopolitics includes USA too -- but I, too, prefer only negative analysis about other guys.....
Love the planes coming over. It's been a while since they were a mainstream of Peter's videos ;-)
You know, when Dorroile Stansgaard talked about "the fundamentals of trade", one of the things he mentioned was a concept called "tax-advantaged tariff swaps", something which can get a little....esoteric....to be certain, but which absolutely underpins the modern notion that "there's no such thing as a bad resource". Well, turns out, there is - and certainly no shortage of them. One need only look to the exotic metallics and gasides needed to construct an electric future in order to understand that the tears shed today will be tomorrow's drinking source. It is quite frankly undesirable.
The hard material reality is that somebody, somewhere, is gonna have to do an absurd amount of mining and processing if the world wants to electrify everything. The West likes to pretend that isn't necessary so long as the environmental damage happens in China or Chile or wherever, but that's a delusion that I think is finally beginning to evaporate. Now we'll see how strong people's resolve really is, and my guess is that it's insufficient. None of the emissions goals will come close to being met, and we'll only get there when the tech improves someday.
😢 Speak about the situation in Venezuela please 🙏
He can talk about it. Nothing will change until people decide to fight.
Venezuela will seize to be a nation within a decade! He already talked about Venezuela! Venezuela cannot extract oil and process it without western tools and expertise! That’s why maduro is giving it for free to China! Second, Venezuelan oil is hard to refine, you need a specific type of refinery to convert it to energy, refinery that is western proprietary, not Chinese or Russian, so there is no need to talk about Venezuela unless it pulls itself out off its own ass! 😂
Apparently we don't care about climate change, free markets etc as we say we do.
Free markets are great. When it comes to China, however, there's no such thing as 'free trade'.
Hi can you please talk about what's happening in the UK and what the future might look like for the uk
You may need to look at data more precisely. BYD sales volume in Brazil is already bigger than all Chinese EV's sales volume in Europe. Do you think developing countries will impose tariffs?
Peter, but I love my Swine! Chops grilled, fried, breaded, sliced, chopped.
Its my favourite vegetable as well!
And the best pork in the world comes from Iowa - Peter knows, he’s from Marshalltown.
smoked
Diversify your protein sources, bro.
Our ancestors didn’t spend millions of years climbing to the top of the food chain for us to only eat one animal.
@@AnhTrieu90 Touche. I never said I didn't enjoy everything else. Only thing I think I don't like that I've tried is that black ink pasta. Idk if it was sea urchin or something else in it.
Slight correction.....China has all of the leverage.
Oh yeah, they're absolutely overleveraged in every sector.
@@pyrioncelendilNot to the tune of $36 TRILLION.
What about china's ownership of smithfield a major producer of pork products in the US. So do they ship any of that back to China or is that a way to take over the US system?
I'd almost say some rich Chinese folks bought it to get their capital out of China. They don't really care if they sell pork to Americans or Chinese consumers, they just want to preserve their wealth.
I've never heard of this gentleman. Don't know what algorithm brought me here, but I'm very impressed with his knowledge and speaking ability. I will definitely look for more of your podcasts.
BTW, where does your information come from ? What do you glean ?
Must be an ICE plane. An EV plane would be silent😂
I was thinking it was one of those planes that tow advertising banners along popular beaches during the summer months. Those things are mucho loud! But I don't think those can fly as high as Peter is hiking.
@@drkrbrown nobody eats EV ceram.
Because it would stay on the ground unable to lift its own batteries necessary for more than a few minutes of flight…
Non-engineers are so in the dark about everything, it’s amazing. Now you are fascinated by the fraud AI and EVs…
US and EU tariffs on Chinese goods do NOT hit China. They hit non-Chinese (e.g. US and EU) taxpayers, whether consumers or manufacturers.
ccp bot
@@cheesecake5236 No, flesh and blood.
@@cheesecake5236Enjoy the inflation !.
@@cheesecake5236 pajeed spotted
Should start talking about the $35 Trillion debt and increasing.
Plus the $120 trillion on unfunded liabilities. Owed to social security and Medicare recipients. And don’t forget cities and states debt.
If you know anything about Peter Zeihan and his lectures, he'll gloss over American public debt as inconsequential due to one simple fact: it's the world's reserve currency, so it can pretty much get away with endless debt simply because three quarters of the currency is used for resolving trade. And if you try to drag out the old chestnut of BRICS doing their annual nattering over trying to create a petrodollar alternative, we'll all just have a good laugh at your expense.
It’s a good thing. It’ll help speed up the inevitable. I think in the future will just look back at this time thinking why did we create such a massive carbon footprint creating these stupid cars Electric in the first place
I spend a lot of time in the forest. I was a Ford dealership a while back. There was a monstrous black and chrome F-150 Lightning plugged in. I kept walking thinking yaaaaa, no.
How are you everywhere I grew up and talking about the thing I nerd out on the most
He'd never dare to say "named after some dead black guy" like that. His political and bias slips through more and more by the week.
😂😂
Don't be such a ❄❄
What mountains is named after some dead black guy?
It’s just a fact almost mountains are named after some dead white guy and I’m just an old white guy
I think the point is there aren't a huge number of things named after some dead black guy so it's not an issue that will ever really come up. Subtle reminders of how white privilege is all around us, even in our geography, is probably something only hardcore white supremacists will get irked by. And that's not a bad thing.
Do we actually have any mountains named after dead black guys? 🤔
A pun so unintentional even its creator laughs in surprise.
I wish i had 1or 2 pair of shades like Geo-political genius Peter Zeihan's.
chinese shop
I think the man has separate closets for sunglasses and funky winter hats!
Why the need for tariff when China is collapsing like you said
Love the glasses tho :D
The Chinese are still learning who runs the world, and it’s not them.
“All Biden has to do to win is not die”
- Peter Zeihan 2024
FJB and Obamala.
Didn’t china buy Smithfield? How would that tariff work?
its just a minor setback for the Chinese .. there other countries that are willing to buy from the Chinese , as long the product is good why not... this give the other country cost advantages
Difficulty: "so long as the product is good." 😆🤣
@@pyrioncelendil Chinese products is already in your house
@@alanccvoo And how's that working out for China right now, hm? Getting their products in my house, is that helping them not circle the drain? Cuz they're circling the drain.
I normally agree with what you say but That 90nm capability and bitcoin miner modification sound a bit bs to me, please provide source or this will impact your credibility on any other topic.
Please pick one of the Nigerian issues. Dollar scarcity, corruption, NNPCL, population, economic hardship, protest, Bokoharam and bandits, malnutrition, northern Nigeria conflict, yahoo boys, division in politics btwn south and north, Biafra. Looters, inflation...
@@jmcw9632 kek
Nigeria is a failed state. Pretty much like Afghanistan only with a lot of oil
you can tell how smart people are by how much they agree with you...
Great News! Double the tariffs!!!!
It is great news!!!!! :)
Tariffs are making American pay more. Make America poor again!!!
@@TheKkpop1 LMAO... Good boy, Xi is proud of your post.
I'M AN American Expat in South East Asia. BYD is very popular. They are selling a PHEV here FOR $26.8K:and it's awesome.
I’m sorry, I think you need to study China more before you talk about China
Why study a country that isn't going to exist in a century? It'd be like majoring in Latin, only really useful if you're a Tridentine Mass Catholic.
Why lol this is pure comedy 🤣 let the man entertain us
Yes, It's entertainment to see them in their delusion.
Why you think so... where's he wrong
@inquisitive8903 Chinese bots are an actual problem.
Forget pigs in Spain, how about pigs in space!
Thank you
"Biden’s China Tariffs Are the End of an Era for Cheap Chinese Goods" - The NY Times - May 18, 2024 💯
CBS News MoneyWatch-13 May 2024 - The 30 retailers that are closing the most U.S. stores this year. Retailers have announced plans to close almost 3,200 locations in 2024!!!!!! 💯
this is my classroom.
Free and comprehensive Thank you.
So legacy motor manufacturers cannot compete with well designed and high quality Chinese made EVs so they get tariffs put on them to ensure their customers pay as high a price as possible. Giving the legacy companies a kick up the proverbial arse to get them to compete would have been a far better response which would have helped everybody. The solution for consumers is hold onto your old car for two/three/four more years until the legacy companies are in so much pain that the whole tariffs nonsense goes away.
“High quality” and “Chinese” should never be used in the same sentence.
You are correct.
As for high quality and Chinese made EVs not being compatible, well, they decided to master EV on R&D and production to conquer world markets.
All at the same time American car makers are slowly and steadily retreating from world markets , focusing solely on profitability , in an industry driven on low margins. And an industry that makes only money on volume and platforms. Where niche car makers make proftis by charging a premium.
Give it time, Americans will buy Chinese made automotive technology, whether they want it or not.
See G&E appliances , branded G&E , but wholy owned by Haier, a Chinese appliance maker. If you want to buy an American made appliance nowadays , and a good one, that is Viking , SubZero. Not G&E , not Frigidaire. At best Korean brands like IG, Samsung.
@@Nobleheart111 It is, however, a reliable metric for detecting wumaos to heckle. They can't help themselves.
Hi Peter I‘m ur Chinese long term fans. thank you for ur updating trade war vedios as well as other topics about China to let normal chinese people know what is happening between us and other nations. I even recommend ur channel to my US friends😊. Again thank you and hope u doing great with more good vedios
Those glasses are 🔥
He looks better in neon pank! (ink)..
@@frisk151 nope… pank forever!
I dont like these China tariffs. Greedy US auto makers keep price gouging.
It needed to be done. The UK is flooded with piss poor MG’s biggest piece of crap ever to hit the road.
@@rainonasphaltPeople will get scammed by buying these cheap and useless cars because they only see the price not the useablity of such death traps.
Poor uk can't make lousy car nowadays
@@tomizatko3138 It's a learning process. You have to let people learn from mistaked. There is no better way.
The same MG controls the making of London taxicabs.
MG is a wholy owned subsidiary.
China’s crown jewel is BYD.
Must be pretty low considering we're talking about the country that brought the Reliant Robin into existence.
Another Mercedes Bentz EV burst into fire in a Korean parking yard, just a few days ago 🤭
Thought they copied the i3 for their chip design. Maybe different product.
Oh No!!
We must have Free Trade!!
Don't mess with my cheap Chinese electronics please.
China has major tariffs on anything imported that is not required. I know because I go there several times a year and travel with locals. Tariffs managed in the right way can level the playing field.
Tariffs is a tax that you as a buyer suffers. Not China
In theory consumers will then buy the not-China-alternative, and that's the whole point. So China does suffer, in that it can't sell it products in the West. The problem is, in the case of EVs Western consumers will then rather stick with internal combustion engines.
It disincentivises the purchase in the first place by making it more expensive, which means less sales, which means the market isn't viable...
@@okalov Exactly.
Nobody is going buy the junk when it's expensive.
@@ClemensKatzer which is exactly what the petroleum industry and their purchased politicians want ... screw the environment. #FollowTheMoney
Would it be possible to get the tarriff portion of the EV's price refunded to the buyer if they bought one and it spontaneously burst into flames within the first year? IIRC once one of these cars goes burny burny the Fire Department has to stand by for hours so they can keep putting it out when it inevitably re-ignites.
If that money has left the country and has ended up in China? Good luck getting any of it back, in any currency. But generally: no, because the cars will be insured, and it'll be the insurance companies taking the loss and consequently everyones' rates will go up just that little bit more. If there's an epidemic of Chinese-made EVs that keep catching fire, insurance companies will inevitably cotton onto this and deny coverage for vehicles of certain brands (like some are already doing with Hyundai and Kia due to whole lack of anti-theft immobilizers in the ignition circuitry making the cars hilariously easy to hotwire), which won't stop people from being idiots in buying the stupid things, but will at least stem the bleeding.
Commitment to tariff wars means you're willing to go it alone with what you've got. USA has everything it needs, but it will mean paying union rates and you can expect to pay 50% to 100% more than you might have paid with free global trade. Which will require wage increases...and off we go to inflation land.
We've been in "Inflation Land" for a few years now.
No
Those are Not mountains...they are small hills
Why China is so bent on following such counterproductive policy?
They are the ones slapping tarrifs on chinese stuffs , so much for the "free market" innit?
Because they are Chinese.. Why are russians acting like russians??.. There really are not any new secret 'ninjas' prowling about.. Just humans with very short memories... The Frog and the Scorpion, much?
Domination
@@brandonscoffield9974 They are just simply a smarter, more productive nation than the EU and the USA who have well and truly been caught with their pants down. China has such a lead on them in every field they will not be beaten. Western propaganda is no match for Chinese unrivaled productivity.
In one word: propaganda. The chinese believe that they are the rising power that will topple the U.S. and become world hegemon. As long as I can remember, people were always afraid of China and talking about how their takeover was inevitable. That was up until covid and it turns out all those people who thought China was going to take over were either eating up Chinese propaganda, or were being paid to spread it by the CCP themselves. Now it seems like the Chinese are the only ones that believe that anymore
But needs to not forget, is the fact that it was this US created system that they have taken very huge advantage of, especially how high trust it is, easy for a lot of Chinese business practices to exploit without many repercussions..
As he was saying, China may not be at successful with, or make as much money with, a system t they institute on the world themselves
Hey I was up around Frazer last week! You get any rain while you were down here? We been gettin dumped on down in the middle of the state.
How stupid , we middle class in the needs affordable vehicles. As a rural pearson we need the Toyota Hilux small truck or a small electric truck . I'm offgrid , I can charge it from my solar .
Solar works, y'all.
One of the caveats of affordability is that it also has to be reliable, otherwise it's not particularly affordable. It's like if you buy an inkjet printer because it's cheap, and then you end up paying the equivalent cost of the printer in ink cartridge replacements every few months because the stuff keeps drying out. Not very affordable over time, is it?
Zeihan: ..."China is also not the technological leader"...
Hmmm. That's an assumption that should be substantiated because if he's wrong about that assumption then all of his conclusions are going to be wrong.
.
Until 1975 China was strictly an agricultural society. When Nixon went to China in 1972 and invited China to join the modern world, China was on the same technological level as England in 1800. China had absolutely nothing to offer the world except a LOT of people, that is, cheap labor. In the last 40 years they have fully industrialized by using cheap labor. The products they export are almost all things they have assembled that they imported from all over the world. All the technological advancement they have done was done by foreign engineers and management from virtually every developed country. Those foreigners have left and the workers in those technologically advanced factories don't know how to keep them running, let alone continue with any advancement. China tried for years to manufacture ball point pens and failed. They assembled billions of them from parts made in other countries but to this day can't manufacture ballpoint pens themselves. The same goes for ALL of their electronics. There is not a single part of a smart phone made in China, but smart phones are all assembled there. If China cannot get the parts from all over the world to assemble, they will have nothing to offer anyone in the world and will revert back to a farming/agricultural society. This is beginning right now and will most likely result in a famine that will take the lives of hundreds of millions of Chinese and break China up into 4 to 6 separate countries, just as it's been for all of it's history before 1948. BTW China's cheap labor has disappeared and labor costs are now higher than most other countries. That's why the world's businesses are moving their assembly factories to other countries like Vietnam. They have, in effect, nothing to offer the world anymore and are being cut off from more and more of the world's trade.
@@michaelrunnels7660That's a ton of copium.
@@michaelrunnels7660.... "they have, in effect, nothing to offer the world anymore"....
Well, apart from owning pretty much all of the supply chains for pretty much any resource you might care to name.
So apart from being utterly indispensable to world trade there is nothing stopping anyone from dispensing with them.
@@johnreynolds7996 You said that China pretty much own all the supply chains. Absolutely not! Research "Bretton Woods Accords" and find out how the world supply chains, manufacturing rules, and industrial financing were established and implemented by the United States in 1944. Throughout human civilized history empires have been the way countries thrived. Bretton Woods replaced those empires with global trading, made possible by safe worldwide shipping, which never existed before. China has been included in virtually every supply chain in the world that was made possible by the Bretton Woods Accords because of their usefullness and China is one cog in the vast worldwide trading machine invented by the United States and established by the Bretton Woods Accords, but China does not control that supply chain, they depend on it. The U.S. Navy is, and has been since 1945, the only thing that has kept worldwide shipping safe and the worldwide trading system intact. China depends on that supply chain for 100% of everything they assemble, 90%+ of their food, and 96% of their energy needs. China has never, ever been an industrialized society without that supply chain being in place decades before they were invited to join. China, as a cog in that world machine, is being replaced because it has worn out and now drags down the worldwide supply chain. China has lost it's usefulness in the industrialized world and is well on it's way to being a pre-industrialized society during the next 6 years. That is inevitable and will come at a crushing cost to China. Even if China's usefulness had not come to an end, the era of the U.S. Navy guaranteeing safe worldwide shipping is coming to an end in the next decade or two. This will result in the free world trade system as we know it coming to an end.
J-B did an excellent analysis on the Chinese EV situation. China is currently dumping EVs because they overproduced for their internal market. Simply put, the Chinese don't want these vehicles. So if you purchase such a vehicle you have to ask yourself some questions. Will the vehicle be discontinued? Will the Chinese ramp up the price of replacements and repairs to recoup their losses? Focus! Dumping can't go on forever.
Peter Rawlinson (Lucid Motors CEO and former Tesla chief engineer), May 10, 2024.:
Chinese automakers are still *"years and years behind" Tesla on EV technology.*
*"If you look at the advance in core EV technology, they're still years and years behind Tesla,"*
The former Tesla engineer said that Chinese EVs had progressed "immeasurably" in recent years, and were now superior to their western counterparts "in terms of fit and finish quality." However, Rawlinson thought *their engineering was still lacking.*
*"In terms of the elegance of their drive train technology, the batteries, the way things are integrated … it's not even close," he said.*
*"I was looking at a number of the units on display at the Geneva Motor Show and the engineering was very disappointing."*
Although I haven’t researched the price of electric vehicles, my experience in retail (customer service) tells me that the average consumer is very price sensitive right now. For big ticket items, some may research the design and engineering of competing products. Yet, my experience is that it’s still price that’s the deciding factor for many purchases.
Any "progress" China makes is basically borrowed or stolen from the West.
It doesn't matter. Chinese EVs offer a value that's unmatched by Tesla or other Western EVs.
For average consumers Chinese EVs are good enough because they cost 50% less than Western counterparts.
@@JigilJigil The bottom line though is that evs were invented in the West, China merely appropriated the technology, then scaled up.
Thanks Peter
NO ASML for China !!!
Can you expand on the beef conversation?
your research is biased and outdated
Source: trust me bro.
You might have over a billion people, but that's immaterial if your country doesn't have jobs to sustain this population. Even worse if the people are reliant on food imports. China can scream and shout as much as they like, their population is their problem not their advantage. People have this wrong. More people doesn't mean better economy or ability, it means more jobs needed and more mouths to feed.
It's wonderful when they're all working age with barely any children.
After a few years, however......
Chinese are actually making great EV's only Tesla's are as good. But they can make them cheaper. A lot of country's won't ban them .
So no market for US car other than in the US.
Peter Rawlinson (Lucid Motors CEO and former Tesla chief engineer), May 10, 2024.:
Chinese automakers are still *"years and years behind" Tesla on EV technology.*
*"If you look at the advance in core EV technology, they're still years and years behind Tesla,"*
The former Tesla engineer said that Chinese EVs had progressed "immeasurably" in recent years, and were now superior to their western counterparts "in terms of fit and finish quality." However, Rawlinson thought *their engineering was still lacking.*
*"In terms of the elegance of their drive train technology, the batteries, the way things are integrated … it's not even close," he said.*
*"I was looking at a number of the units on display at the Geneva Motor Show and the engineering was very disappointing."*
@@JigilJigil these are remarks given to the press. To appease its core readers.
As far as fit and finish , I’ve seen Chinese car models here , and they are just fine. And most EV automakers source their battery packs from a single Chinese company.
Got watch some daily Autoline News. You are overdue. Your set of data is biased .
China: We built a 7nm chip! Put that in your pipe and smoke it!
TSMC: (Looks at chip) - Congratulations, you've modified a Bitcoin mining rig to somehow make it use even more electricity.
I've spent the last month wondering around china, the EVs and trains are great. Everything else is mediocre at best.
I remember the pothole free roads being nice. But it depends where you are in that huge place.
Also, the fluidity of ebikes in traffic was great and I miss being able to zoom around and take my battery out to charge in my apt at night.
@@Nimamaodiaoa friend was just there to visit family and he said he found the worst pothole road hes ever seen in his life
@@alexdrockhound9497 Potholes? It's sinkholes they're dealing with!
@@alexdrockhound9497 I did say it depends where you are. Coming from Cali, I was surprised to see any freshly paved roads.
@@michaeldowson6988 Tropical environment with annual flooding on a landmass that's predominantly karst limestone. Southern China is basically Florida without the gators.
clear - simple - thank u
China is one of the most important markets for European car makers, even if they've been underperforming lately vs local competition.
So tariffs on Chinese cars = tariffs on European cars = significant harm and loss of profits forto Europe's car industry... As well as damage to billions and billions in investments.
Correct. VW’s largest market is China. Annually about 700,000 BMWs are sold in China. And roughly about 600,000 Mercedes Benz.
Now subtract the number of those that were made in China.
The only cars exported from the USA are European brands, no one outside the USA buys USA made cars.
I thought foreign car manufacturers had been slowing and shrinking operations in China due to slowing sales and some onerous regulations put on foreign car brands to help support their own domestic car brands, even when those foreign brands and manufactured in China. I know VW has shrunk their facilities in China quite a bit, not sure about BMW or Mercedes-Benz. Honda has closed a few facilities and will be closing more, Toyota too.
@@crosslink1493Not just VW, a lot of other companies are closing shop and relocating. Apple in particular is moving its manufacturing to India.
I work with a bunch of Dominicans. I was telling the guys the other day that with China's fall in manufacturing sector it could be a possible boost for countries such as theirs. They have low wages, a good literacy rate, good demographics, and lots of young people that need work.
Peter you are getting it wrong , you are pointing out at how inefficient it is for china to make 28nm chips but what you are ignoring is that the point is self sufficiancy whether its efficient or not doesnt matter because its important for a countrys stratigic planning.
China lags the capability. They lag behind in technology. Canada would have a better chance at creating our own micro chips than China.
@@BramptonAnglican Canada cant invent its way out of a paperbag without significant amount of help let alone creating 28nm chips. And speaking if which, china already has lithography machines for 28nm
@@nom_chompsky Nobody cares about exports if the point is self sufficiency, whats so hard to grasp about that concept?
@@u2beuser714 In the main two areas that really matter, energy and food, China will never be self sufficient. Their imports in these two critical areas are growing.
@@u2beuser714 France tried that too with the intel processor so did Russia and many more. Even if it works, you end up with a more expensive product that is years behind the competition, and that cycle of falling behind repeats itself year after year until you can hardly cal it sufficient.
Did you see that USA also is going to ban Chinese AI self driving software in cars as well. That to me is almost as significant as tarriffs.
Racist comments in the first 30 secs. Nice.
How is referring to a white guy who's dead as a dead white guy racist?