Unpopular view: hundreds of billions for Ukraine actually fall into western companies, especially US defense companies. How could the defense companies in my country (a poor one) compete with America's when America's literallly swim on money? When having much money, they put more on R&D, more on salary to attract talents, more risk-taking in tech frontiers.
Perhaps you should consider the origins and evolution of trade relations between "the West" and the nation of Japan. It needs to be pointed out that Japan was not a hostile enemy government, but rather a political/military ally. I would block China in every internationally legal way possible from access to free democratic markets (Australia and NZ included). Until China changes it's attitudes of international relations and domestic human rights, they should stay outside in the Cold.
Yes China bot. Please work for $2/hr so then EU and US companies can compete with China's virtual slave labor wages. also, if you knew anything China doesn't believe in patents, intellectual property rights, etc... They will steal any technological innovation possible, they counterfeit everything from electronics to clothing, 70% of all counterfeit goods come from China costing. US companies alone lose close to 200 Billion/yr to China counterfeits, the EU is slightly less
@@NVRAMboi Full trade decoupling with China, even if it's not "legal" ban Chinese tech, steal, and other illegally subsidized to the point of selling them at a loss goods. China did this back in the 90's with steal and they hijacked the global production market base; if we let them do this with batteries in the coming era it'll give them a dangerous amount of influence on so many aspects of our culture. Considering China doesn't allow foreign entity's to even own corporations (not the majority anyway) we need to get our corporations out; they're just stealing technology and other knowledge.
@@DrMarkyMarkyou do know that most European and US manufacturers are actually in the process of opening factories inside China right? It’s because that is the only major market in the world where the car manufacturers are actually making money on the cars. In Europe and US , they make money on the financing of the car through loans , not the actual car itself. Why do you think they push the financing so much
But the subsidises are directly given to us consumers, not the companies, what the companies got from the government are policies, not money...I am a chinese.
CNBC make it sounds like the US and EU don't have government supporting and subsidizeing their own EV companies. Why do say it out loud , that only the US and EU are allowed to subsidize their companies.
@@thetrustysidekick3013 Tesla, any other EV maker that meets the battery sourcing threshold, and going back even a year or two, when this battery sourcing wasn't even a requirement, then it would have been any EV maker.
Of course you always have to consider your own interests. There are a lot of tariffs between EU and USA as well. Nothing new. Also China is way more protective of it's own industry. Maybe we should force chinese companies to cooperate with european componies if they want to sell their goods here, like they do.
@@qgxii They are doing just that. Byd is already going ahead to build their factories in Hungary, Turkey, Morroco, Mexico and Brazil. They have already started production in their Uzbekistan and Thailand factories. Chinese battery maker CATL is already operating their plant in Germany while BYD is building theirs in Hungary.
@@qgxii If Europe does as what you recommend, this means what China did is right. So Europe should apologize to China and pay China for the wrong criticizing and discrimination to China's protective policies in the past decades.
learn how economies work before talking it would collapse the market if there is no tax just like how china has rules and taxes on products and companies coming in
Wingy is largely correct. The US rich people insist on robbing you. Gotta love this economic system if you are rich of course.@@awellculturedmanofanime1246
@@awellculturedmanofanime1246 You're the one who doesn't understand economics. It's impossible for China to just collapse the market. China regulation on products/companies is half political in nature and half driven by strategic goals. They let Toyota/Honda in years ago to absorb ICE technology but they no longer care because they are the ones driving the front on EV. Anyone who has basic understanding of ICE vs EV knows it's drastically different. It's an obvious conclusion by looking at how Tesla is driving legacy makers out of business because legacy makers can't easily convert from ICE to EV. It's almost a totally different ball game. Amateur uneducated commenters are always acting like legacy makers can easily bridge the gap between ICE and EV. It's not that easy. The reality is, Chinese government wanted their own industry to be competitive so they let Tesla in. Tesla basically bankrupted some of the EV startups in China and it was designed that way to weed out the weaker players. Now the ones that survived like BYD are making very competitive vehicles. Again, here is where amateur uneducated commenters keep flowing in and trying to bash the Chinese EV the same way they bashed Toyota in 70's and Hyundai in 90's. They can't keep up with changes and just adopt a boomer mentality.
As a European, I have no problem to buy a Chinese car if the ration price:quality is satisfying. In my opinion the tariffs are not fair. Why don’t we increase the tariffs for Tesla too?
Tesla has similar labor prices as Europe, and the USA buys a lot of European cars. Tesla's fair competition; the Chinese EV makers are playing a different game.
Chinese made Tesla cars would be affected. A long with German brand cars made in China. Not only are they exporting cars. They are exporting unemployment to
There are several problems considering batteries: How to get affordable parts for repairs? How to insurance EV in the future? Where to park EV? EV:s are subsidied, but new batteries aren't. It would be more affordable to buy a new car than change batteries. Therefore used EV:s are worthless. The quality of Chinese batteries insulation is poor. Batteries will burn in crashes or even when you are charging them. Unlike petrol fire, battery fire is impossible to put off and will burn everything and even wounded people inside the car. Insurance costs will be very expensive and there will be restrictions where EV:s are even allowed to drive. Chinese EV:s are cheap, because making them poisons environment. Using western petrol cars would be better for environment than using Chinese batteries. This is the big white elephant everyone is pretending not to see.
no it's not and you have NO idea of what you are talking about....chinese ev are cheap because they are built for UNDER the subside price they receive for the governement yes you read that right those cars out of the factory with NO customer are already making money, they couldn't dump them anymore in the streets in China so they started dumping them in european ports again with NO customer in the hopes they will sell and make them even more money, just don't be one of their 1st victims because those aren't cars but gov subside racket and something bad will happen as they couldn't care about quality or service they already made their money !
I live in China and best selling cars are PHEVs. Or actually EREVs which are long range PHEVs. Most producers offers EV and PHEV in SAME PRICE!!! So stop brainwashing people that only choice is petrol or EV. The problem is car market in europe is 10 years behind china, zero innovation and zero competition. EREV category not even exist in Europe. Poor chinese people are driving better cars than middle class in Europe. Example Volkswagen ID4 cost 18k EUR in China and is considered poor people car;)
A decade ago, China was blamed for polluted air China had to developed affordable EV and solar panels to reduce the burning of coal and gas. and now, China is bamed for producing EVS and solar panels too good and too many. Itis a SO absurd world.
Overcapacity is sign of poor planning for future demand, just look at China's property market with far too many housing units built and unoccupied. Same thing with its car building capacity, way too much. The only difference is China can export its problem (excess cars) onto the rest of the world by subsidizing the losses Chinese companies take on those overseas sales (aka 'dumping').
Speak for your self, buddy. Northern European here. I strongly believe my government (left to right parties) and my neighbor countrys’ governments do a LOT for the environment. Learn how to read and vote in better politicians in your country.
As a person in the Global South, I have an impression that the whole Green Transformation stuff could be a way for developed countries (mostly western countries) to reap poor countries from affordable energies. Without energy, say goodbye to development, let alone catching up with western countries. Worse, the West may even leverage this trend by selling their expensive Green Tech such Solar Panel. The fact that China is leading in such tech was not anticipated. 😅
Not just goods but an addictive drug - opium. The Europeans with the Americans invaded China to do that, taking over Hong Kong and "concessions" in Shanghai, Qingdao etc...
@@steinarnielsen8954 the Chinese car market is bigger than US and Japan. In 2022 VW sold 3.18million cars in China. China is a huge chunk of the EU car makers profit. US car sales in China are plummeting at the moment, because the Chinese don’t want to buy from a US brand because why would you buy from a country that appears to hate you and wants to do you down.
@@steinarnielsen8954 they won't just boycott. this is revenge for them. They want to destroy Europe's economy and industry by flooding it with cheap products.
Like who? GM and Ford still here. Tesla still here. I find it hysterical that people think China plays fair. BYD is completely funded by the government to try a ev takeover. Glad you think that is fair. 240 Billion dollars given to BYD to start them and R&D which isn't it interesting Tesla was the only company China let in their door without a partnership. They wanted them there to steal the technology. It isn't excuses but facts.
When I was interning at a German company in 2019, they had a huge conference where the chairman blamed all the company's financial woes on Trump, and not its competitors from Japan and China that are hammering their market share in Asia.
So hypocritical. Subsidizing VW is good, subsidizing BYD is haram. And it's funny to see these BMWs and Mercedes saying they want to sell more expensive cars to make more profit, but as soon as there are competitors, they go and complain to the government.
No prohibition against local subsidies to local consumers; China's export subsidies to overbuild excessive capacity to undercut foreign competitors? No Good.
OVERCAPACITY ??!! How about Japan producing Toyota, Honda etc etc cars more than what they need domestically & sell them in other countries ?? Overcapacity ?? How about South Korea with Hyundai, KIA, etc etc selling their cars overseas ?? Also overcapacity ?? They are all the same things. This is business. So Americans can sell their cars in China, but China can’t sell their cars in US ??
The Japanese and Koreans build most of the cars they sell in the USA in the NAFTA countries (USA, Mexico, Canada). Same with a lot of European car companies. Its cheaper to build them here in the market they are sold in rather than ship them across an ocean.
@ well they assemble them there. I toured the Nissan Smyrna plant and all parts short of glass and tires and all machines had Japanese writing on them…
TBF I don't think you're ready for the kind of capitalism the Chinese bring. Maybe your industry isn't affected yet, so you think the issue isn't harmful to you.
Ok Chinese government subsidizes their EV manufacturers. Does USA not subsidize their EV cars? USA even subsidize Japanese cars like Toyota Prius! Back in 2021, My Prius was $24,000 and USA fed gave me $2,000 and state $500 rebate!
those are two different things, but yes it's both called a subsidy. the thing how you got a discount is when a government (or another entity) wants to encourage something and offers the people money back when they do what is encouraged. the thing that is against trade rules and what china does is having companies sell their products on the international market for prices below the costs of making it, and then the chinese state pays those companies so those companies still make a profit. in the long term this isn't sustainable, but the idea behind it is to destroy competitors abroad and take over their market share, and once you have a monopoly you can raise the prices and you don't need those state subsidies anymore
@@ChristiaanHW Ford loses anywhere from $50K to $100K for each of their EVs sold and some of them are exported. So isn't that against trade rules? Also China sells their EVs outside the country at least double the cost of in country.
@@celanian8188 what the heck are those ford ev's then? are they spaceships, or gold plated f-150's? the only ford vehicles i see around me are ford focus type of cars, and those cost maybe 30k. so it's impossible to lose that much money on them. and beside i said that it's against trade rules if the state gives companies money to sell products at a loss. if a company sells stuff at a loss and the state doesn't make up the difference that's not against trade rules, that's just stupid business practice.
@@ChristiaanHW "Ford’s electric vehicle unit reported that losses soared in the first quarter to $1.3 billion, or $132,000 for each of the 10,000 vehicles it sold in the first three months of the year, helping to drag down earnings for the company overall." Article dated Apr 25 on CNN For also receives huge EV subsidies. $9.2B for 3 EV plants in KY and TN. June 2023 article from Bloomberg.
@@ChristiaanHW Stop making excuses for your failures, no sensible person would think that a manufacturer would export their goods below cost, and it's really shameful that once the competition is at a disadvantage you don't choose to make your products more competitive and instead resort to slandering your competitors. Remember the allegations against Japanese cars? That memory is not that far away, except that the same script is being replayed once again.
when you are dominating the markets, then you say the free market rule is good; and when you are in the inferior position, you accuse the competitor being too competitive while ignoring the facts that EU, China and US were standing on the same line years ago, pathetic
I am American to be honest it's shameful for us USA 🇺🇲 and European 🇪🇺Union that they are putting 100% tariff on Affordable Chinese Hybrids and EV. They are putt7ng 100% tariff on us not China. Our automotive industry is so Overpriced that starting price is 40000$. It should be free market.
The average transactional price of new cars sold in the US is $47K, I doubt many working class can afford that given the rampant inflation. If Americans are allowed to buy BYD EVs, it will save American people huge amount of money, especially for low income populations.
I live in China and best selling cars are PHEVs. Or actually EREVs which are long range PHEVs. Most producers offers EV and PHEV in SAME PRICE!!! So stop brainwashing people that only choice is petrol or EV. The problem is car market in europe is 10 years behind china, zero innovation and zero competition. EREV category not even exist in Europe. Poor chinese people are driving better cars than middle class in Europe. Example Volkswagen ID4 cost 18k EUR in China and is considered poor people car;)
Don't we all feel sad how the world has turned out ? The US is now a joke and a laughing stock ! No more respecting them about several years ago ! SMH - very disappointing country !
What an idiotic and stupid move would it be for the EU Politicans to act as an American colony and ban Chinese EVs that could have made the lives of their own citizens much easier...
Humans save themselves. The disasters facing the Earth are 10 times greater than they are now. Still exists. Even if the global temperature reaches 20 degrees. The Earth will not explode either. But humans and most living organisms will become extinct
@@eman67rp As the guy in this said "We need to let all EVs and Solar panels in and install them everywhere" if we want to have a real chance of fighting climate change. The tariffs in the US are saying "Let's slow down the transition to green energy so we can help US Businesses", basically, a continuation of "let' s continue to sacrifice the plant so the rich can get richer". Whether you believe in climate change or not, you can clearly see the hypocrisy here.
@@blueboy3990you don’t know what you are talking about. ¿Guess who was the first person that suggested the tariff imposition to leverage them in its favor? - Elon Musk.
@@steinarnielsen8954 i owned a audi s6 and bmw m5 and now teslas. the point is its not only china provides welfare for the auto industry. every country does it so its not just a china problem
@@tooltalk Export subsidies are identified when a product is sold cheaper outside the country of origin, the problem is that chinese cars are cheaper in China then anywhere else. Thats why is extremely hard to point that the reason of chinese export success is because of incentives to export other than that, chinese are building factories in multiple countries, so if that is the reason, EU shouldnt be worried since those advantages would disapear
Why Chinese companies or brands need to be " stopped"? This is the fundamental question need to be asked against all of this "China, China oh it's China" retorhic.
Tariffs are just excuses for protectionism. In the long run, it will erode the competitiveness of the US and EU. At the same time, the people suffer as they are the ones paying for the increased cost. A country that boasted a free market but, in actual fact, has always been doing the opposite.
No point in pretending that China's NEV policies are anything, but protectinoism. In particular, China's practice of banning foreign EV battery competitors, forcing all EV OEMs to switch to local battery suppliers, subsidizing local overcapacity, or flooding markets abroad with export subsidies isn't particularly market-friendly either, much less free-market.
@@tooltalkits like no point trying to debate. People are set in their views. Somehow people think the west can compete with countries where a meal costs $2.
Stop repeating lies please. China has tariffs on EU and US car manufacturers and other sectors and is doing just fine. Tariffs, unions, regulations are all part of a free market. US 2.5% tariff on imported cars South Korea - 8% tariff EU - 10% tariff China - 25% tariff
That's not the way America works. CAPITALISM hates competition. That's why we have so many monopolies in America. "The free market" does not exist here.
You can't do that as the competition conditions are not the same. What do you think a Chinese factory worker earns, it is of course 1 tenth of a European!! Just as there are large subsidies from China. How is it then whether wages are determined in China it is an agreement between the employees and the management. Does the factory employee have something to say here?? Stricter requirements should have been made by the WTO in due course. The eropedic factories may well close and then what will they do for a living.
@@erikmortensen1091 "competition conditions"? 😅😅😅 Who's fault is it for the competition conditions??? In America especially, the ruling class decided EVERYTHING must be private. Healthcare, housing, food. Everything is ARTIFICIALLY HIGH because the state refuses to step in and provide services to the people. Which keeps the cost of living extremely high, which makes the worker demand more.
Overproduction... isn't that how trading always works? Pretty sure most farmers sell excess grains to what they eat themselves... and at a country level in an open global economy... we want to sell it anywhere it can reach if it is profitable.
@@tooltalki think the point is that Europe has few EVs that can compete, even with tariffs, China beats everyone, even Tesla. 5:50 as the video points out
I live in Canada and would love to help support climate change, but I can't afford a 60k Tesla, I wish they could sell BYD here without tariffs.. I'd totally pay 24k for it
If they're really genuine, why can't the EU and U.S governments also give the same or more subsidies to their automakers to fairly compete with the Chinese. This is selfishly to protect the complacent legacy automakers but not in favour of the consumers.
You leftists blame everything "greed". It's exhausting. The reality is that emissions regulations increased dramatically after the pandemic, making cars more expensive. The forced shift to EVs is also forcing automakers to subsidize their loss-making EV segments by raising prices on gasoline vehicles. It remains a low margin industry.
@WillieFungo after the pandemic, they are limiting production to artificially increase prices. This is a free market. They're playing by the rules. But you are trying to change the rules because you are losing it.
Both EU and China are subsiding their EVs. But Chinese EVs are still more competitive. So the EU politicians went mad, how dare you... beating us in auto industry, besides shirts and socks industry? But they are selectively ignoring the root cause. The real reason behind all this, is the hard working, ordinary Chinese people, with high productivity.
Exactly. And sorry I work in the automotive industry for years and it's not what you say: European big automotive conglomerate overcharge their cars so much it is ridiculous. They'll blame charges and labor cost but they can still sell cheaper than the actual price. Corporate greed is huge in the automotive world. So i'm happy that China is challenging their standardized cars (since most of european brands are part of huge conglomerate and are now all similar, while chinese cars are incredibly creative in term of design and visual identity). I'm so on board with the chinese take over in the automotive world.
I’m tired of living in a country but is selling expensive crossover cars, no longer making lower and cheaper sedans, creating an artificial shortage to increase price, and delivering a lower quality product. Some of these Chinese evs have better mileage and tech then a Tesla but instead we protect a brand which yes is American but also isn’t innovating, actively fights against Unions, and most it’s money comes from tax payers paid subsidies. Bring in cheaper cars that are better and increase competition. Yes China killed the steel industry and that was a shame but we keep protecting Tesla, Ford, GM who consistently produce less cars, higher prices, less reliability and lower quality.
@@itsa11good23 sir, I am Capitalist. I don't want you to have affordable housing, healthcare, and I damn sure don't want you to have affordable EVs. Unions?? My family and I have hated Unions since the 1890s. If I could, I would pay you what I pay the Mexicans. 6$ per hour and a coke at the end of shift. This is America sir! It Is for men of means, men of property. Not workers, you can take that socialism crap and stuff it.
BYD is also building a factory in Hungary - in Szeged, if I recall correctly. Should be up and running a couple of years. BYD's will be built directly in the European Union and I guess we'll see if the European legacy automakers can compete.
I live in China and best selling cars are PHEVs. Or actually EREVs which are long range PHEVs. Most producers offers EV and PHEV in SAME PRICE!!! So stop brainwashing people that only choice is petrol or EV. The problem is car market in europe is 10 years behind china, zero innovation and zero competition. EREV category not even exist in Europe. Poor chinese people are driving better cars than middle class in Europe. Example Volkswagen ID4 cost 18k EUR in China and is considered poor people car;)
Teslas are the safest cars in the world, according to crash tests in the US and Europe. They also have the best tech by far. Even the cars themselves are torn down by Chinese companies and meticulously copied. Every new innovation that Tesla does (no other company innovates much) is copied as quickly as possible by the Chinese. The only reason not to buy a Tesla is because you have some emotional, irrational feelings. Which won’t do you much good if you get into an accident and your kids die when they would have been safe in a Tesla.
If a country can subsidize so much to an industry, and they don't have a $ printer in the basement, you want to ask, where they got the subsidizing money from ? If what ever industry they get in and they dominated it, why ? Nobody in the video talked about Chinese intelligence and hard-working culture. No matter there will be tariff or not, the Chinese EVs are huge benefit to the western consumers or the government. The analysts in the video are talking to the audience like they are little kids, showing how ignorant they are.
LOL. Please stop this nonsense about Chinese intelligence and 995. China pilfered IP from the Japanes eand Koreans EV battery makers and ban them from local market since 2015 to protect own. Then China forced all foreign EV OEMs to switch to local EV battery makers to corner the entire battery supply-chain which is really what gives Chinese the key advantage they need for competitive advantage in EV.
"Chinese intelligence and hardworking culture" - Do you really think that China became the manufacturer of the world because of brilliant domestic engineers? 😂 China became the sweatshop of the world because of intellectual property theft from the western companies outsourcing to China and forcing those companies to partner with local Chinese in joint ventures. I can admit that the western companies coming to China were too naive to believe China would move towards democracy, and probably too focused on short term profits, to take the threat seriously. So in one way they can only blame themselves... The answer to your question of where do all the money that China has poured into its auto/EV industry are coming from, the answer is taxes and corruption. China is a communist dictatorship, and the state controls everything and everyone, so they don't care about if half a billion people in the west of the country barely survives as long as they accomplish the goals of the top leader, for example to build an EV industry of scale in the east. No one can vote them away anyways, and the only route to career is to follow orders without own thinking so in one way it's efficient... That means they can make long term plans too where no time is wasted on endless debating, whereas western decision-makers are much more shortsighted in their efforts to please the masses with populist policies etc.
I can guarantee that China is not the only country using subsidies to boost targeted industries. The Chinese just do it a lot better. Beyond that, even if everything were completely equal, China just has economies of scale and supply chain efficiencies that no country can match.
Literally every country subsidizes some particular industries. Banks, airlines, housing, agriculture, mining, energy.... etc. It's only cheating when it's done by a country the west doesn't like >.>
I am from China, actually the subsidies ended in 2023, now the gov only subsidize the local customers who buy EV, not the enterprise. For new energy passenger vehicles with a purchase price below 150000 yuan, the subsidy amount is 10% of the purchase price. For new energy passenger vehicles with a purchase price between 150000 yuan and 300000 yuan, the subsidy amount is 8% of the purchase price. For new energy passenger vehicles with a purchase price of over 300000 yuan, the subsidy amount is 6% of the purchase price. This adjustment enables the subsidy policy to more accurately cover different price ranges of car models, meeting the purchasing needs of different consumers. In addition, the subsidy policy for new energy vehicles in 2024 also clarifies the subsidy targets, time frame, and application process, injecting new impetus into the new energy vehicle market. The subsidy is limited to consumers who purchase new energy passenger cars (excluding second-hand cars) during 2024. At the same time, the policy also stipulates that car buyers must obtain a unified invoice for motor vehicle sales and a motor vehicle driving license within the prescribed time, and promptly handle procedures such as obtaining a motor vehicle registration certificate and vehicle registration to ensure the standardization of the car purchase process and the rights and interests of car buyers. In addition, the subsidy policy for new energy vehicles in 2024 also includes preferential policies for exemption from purchase tax. From January 1, 2024 to December 31, 2025, consumers who purchase new energy vehicles will enjoy the treatment of exemption from vehicle purchase tax. The maximum tax-free limit for each new energy passenger vehicle is 30000 RMB. This policy will effectively reduce the burden of purchasing cars for consumers and enhance the market competitiveness of new energy vehicles. In summary, electric vehicle companies will still enjoy financial subsidies in 2024, and the subsidy policies will be more refined to stimulate the market and promote industrial upgrading.
Brazil pays a tariff on any import. A 300 phone costs 600 to final consumers. You would think local industry would take advantage by manufacturing it locally, but no. Tariffs are just bad to consumers, they protect nothing.
Same thing here in Canada. The Trudeau gov has been pandering the whole ‘save the planet’ slogan for years. Finally, there are accessible EVs from China, and yet the Canadian gov chose to raise tariff. But to be fair, automaker union is very powerful here. No politicians want to mess with the union votes.
As if I’m going to buy a 60K+ EV because the government put tariffs of 35K EVs. Where am I supposed to get that kind of money. The Canadian government just but climate change on the back burner. And please don’t tell me about Chinese “government support”, the Canadian government proudly gives US (and now VW) car companies tens of billions of dollars.
As the largest oil importer, China's determination to develop electric vehicles will not waver, even if the West insists on ICE vehicles forever. In fact, many countries in the world are short of oil. China manufacturers will sell EVs to those areas. EVs have accounted for 60% of the new vehicles sold in Nepal.
You win in the market by being better and offering more value to customers. Tariffs and sanctions just end up harming the average consumer while reducing local competitiveness. They tried to do that to Huawei a few years ago, and that's completely backfired.
I find it extremely funny how the video starts off by telling you that the Chinese are "changing the rules of trade" only to then tell us that they're following WTO policy when it comes to subsidies. Maybe companies like Tesla, BMW, Stellantis and Ford should have been investing their money in vertical integration and productivity instead of doing share buybacks and divends for investors. I just see complaining and whining that Northern countries are being beat at their own game. Much love from Brazil, hopefully the Chinese put you guys in your place.
I too find it hilarious that China now claims their compliance with the WTO rules. Until just two years ago they banned all foreign battery makers, subsidized EVs with batteries from local Chinese battery makers only. To ensure that no foreign battery competitors couldn't compete, they forced all EV OEMs to switch to local Chinese suppliers. But now that China is flooding the market with their EVs, they want to play by the WTO rules all of sudden. LOL Can't make this up!!
repost: I too find it hilarious that China now claims they are following the WTO rules. Until just two years ago they banned all foreign battery makers, subsidized EVs with batteries from local Chinese battery makers only. To ensure that no foreign battery competitors couldn't compete, they forced all EV OEMs to switch to local Chinese suppliers. But now that China is flooding the market with their EVs, they want to play by the WTO rules all of sudden and demand "fair" access to the world's market. LOL Can't make this up!!
repost: I too find it laughable that China claims their compliance with the WTO rules. Until just two years ago they banned all foreign battery makers, subsidized EVs with batteries from local Chinese battery makers only. To ensure that no foreign battery competitors couldn't compete, they forced all EV OEMs to switch to local Chinese suppliers. But now that China is flooding the market with their EVs, they want to play by the WTO rules all of sudden. LOL
As far as I can tell, these tariffs only have a negative impact on the consumer. It seems like a big barrier to lower income households going electric, EV's are still out of the price range for most middle class families. If the cars can pass the local safety laws and are affordable, I think you should just let capitalism take effect. European automakers will have to be more competitive and make an EV that people both want and can afford.
That's correct. In Canada, the most affordable electric vehicle costs around $50,000, while a basic internal combustion engine (ICE) vehicle can be found for under $30,000.
You just need to stop pretending that China is a market operator and stop ignoring that China's protectionism and subsidies are what allows China to undercut everyone. When the musical chair stops, you would all be paying more for Chinese EVs.
Do people feel oversmart when they say that China is overproducing? I don't understand how you can say they are overproducing unless they have cars lying in factories that they are unable to sell.
When the West overproduces, it's called exports to the world. When China exports', it's called overcapacity. According to the *'Rules Based Order',* ONLY the West is allowed to export.
That was over 30 years ago when the EU-0 started.. As a libertarian, I think it's just a terrible idea to shove EVs down everyone's throat, but the EU probably never expected China and their antiompetitive market practices to distort the EV transition. .
EU and US manufacturers have been pushed for EVs for over a decade. They manufacturers did nothing and bet on the future of the automitve industry is ICE engines. So they were hit with an ICE ban hammer. That made them wake up, too late, but they have finally woken up. Now, if we are lucky, after the inevitable bloodbath is over, there will be a handful of EU automakers left that are capable of competing. What's really funny about all of this is that the US car makers still seem to be chugging along in near complete oblivion of what is happening in China.
@@badbad-cat is this part of the CCP's Century of Humiliation's playbook? China became competitive by banning foreign EV battery competitors; then forcing all EV OEMs to switch to local battery suppliers; then dominate the battery supply-chain since 2015.
Five years ago Western car makers reassured investors "We won't be left behind in EVs! We'll be a major player," and came out with $45,000+ crossovers. But they and their crummy dealers never really sold customers on the benefits of an EV because they still have showrooms full of gassers to sell. Now that their competition is making $30,000 and under EVs, they're crying that it's hard.
No worries. China has been cheating since 2015: banned all foreign EV battery competitors; forced all EV makres to switch local Chinese suppliers to corner the battery supply-chain.
Wait, what is fair and what is not? China's strength is based on its labor, and it uses the money it earned through its labor to help its industry. On the other hand, the United States relies on the hegemony of the dollar. When needed, the United States prints the money it needs to help its industry too. And if this increases its debt, the whole world will have to contribute to repay it... Are we sure what is fair and what is not? We talk about dumping if someone sells to the point of harming everyone, including himself. In this case, we must stop it because it is a kind of collective suicide. But if someone is able to sell at a low price without dying himself, by using the money he earned to finance his production tools, then it is just that the others are too expensive. They deserve to go bankrupt. This is how capitalism works: it is not a world of fairies and unicorns. It is the cruel law of the market. What happens if we break these laws? Who is really communist in this game? China, which helps its industry with the money earned by its industry, or the protectionism put in place by Western countries?
That's cute, but I'd rather not have Americans competing with China on labor costs. If you go that route for everything Americans will be making what Chinese laborers make, which is not much.
@@zacksmith5644 Why would you prefer Chinese products? Is it because of the slave labor, behind the scenes environmental destruction, or the overall lack in quality?
@@philipthecow yes we do . Since sla e labor is indian So u should advocate banning india . Environmental destruction is usa . U are free to advocate against usa . Do it . Don't make excuses now . U cited Environmental issues and slavery U are bound by your own logic
@@philipthecow In fact, i prefer chinese ev over american cars because of the wayyyyyyyy better quality and techs, wayyyyyy more fair price and wayyyyyyyyyyyyyyyyy better environmental protection.
They're just making excuses because they're falling behind in tech. Most European auto makers has their own factories in China and other parts of Asia, they can definitely match the prices of other Chinese brands if their products are up to par. I would never buy a Tesla even with $7500 tax credit in US, it's just a poorly made car with the gear shifter on the screen.
@@jase298hkhk Electric cars don't have "two different gear" for forward and reverse, the motors just spin backwards; lmfao, do you know how an electric car works?
@@cyber8000lol... gears can be applied to any motor.... also electric cars usually make use of gears... a peddle bike also has gears. No education these days just dumb comments.
China doesn't import vehicles -- accounts for less than 0.25% of all registered vehicle every year. All foreign automakers were required to build locally to prop local industry in China past 3-4 decades.
@@fujin09 : Ferrari made just over 13K cars last year -- China imported just over 800K last year out of 30M registered; are you saying all Ferrais are in China?
Success depends on the actions or steps you take to achieve it. Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future.., I pray that anyone who reads this will be successful in life!!
I have been in the market since 2022, I have a total profit of $1.5 million realized with my $50 thousand invested in Bitcoin, ETFs and other dividend income, I am very grateful for all the knowledge and information you have given me.
Yes! I'm celebrating £32K stock portfolio today... Started this journey with £5K.... I have invested no time and also with the right terms, now I have time for my family an...
@@tooltalkalso...expenses are lower because it's not a rich country eg they pay lower wages,lower electricity costs etc...eg wedding dresses....I'm Kenyan...in my country,locally made(from tailors hence custom)can cost you $50...but imported wedding dresses can cost upto $1000...even without subsidies,chinese cars would still be cheaper as compared to European cars
@@faithkerubo8357 Let's not forget that China's fossile fuel subsidies which allow cheaper electricity and overcapacity, which according to IMF's recent figure (for year 2022): $270B. That's about 90x greater than the US's $3B during the same period.
@@Dumbledore6969x it's basic economics...the guy is probably not a bot...most people don't have a lot of disposable income...cheaper goods means the number of items you can buy increases hence they have higher purchasing power
Article Title: "US offers $12 billion to auto makers, suppliers for advanced vehicles" And that doesn't even account for the $7.5k incentive credit per EV. Tesla sold 540k EVs in 2022 and 670k EVs in 2023 in US. That's over 1.2 million EVs in just 2 years. With up to $7.5k subsidy per EV via credit incentive, that's another $9 billion in subsidies for Tesla in just 2 years. Also BYD biggest advantage to cut cost is they make 65% to 72% of their car parts ....which is something no other company did it before so they cut the middle men which prifit like 25% so the can cut cost
What’s wrong if it’s government support to winning a business? The very wrong is a government do nothing but blame the competitors but not do its best to support.
It more so worries the economy of local manufacturing. If less local cars are being bought those jobs will be lost and the economy will decline. Though I don’t necessarily disagree with subsidies, I think they are helpful
Yes this is an Ad of sorts, what they want you to take away from this is that Europe is the "good guy" following the rules and China is the "bad guy" not following the rules white men have set up.
We tarrifed the heck out of Japan on vehicles. Guess what we got? The f150, the gmc 1500 and a ginormous Tacoma. We cannot legally get small trucks. So in essence we taxed other countries into us building the great murderer of kids and adults. ‘Merica!
China is to big for the US to cut down this time. besides, China doesn't need the US as the US needs China, it hasn't been that way for perhaps a decade now.
it seems now they believe somehow china is a bigger existential threat for selling cheap EVs...it seems the earth temperature rising another couple degrees no longer worries them
The average shouldn't want tariffs. tariffs mean the importer has to pay double (with 100% tariff) and passes this cost along to the customer which will mean the customer ends up the loser. Tariffs are taxes for the consumer, not the supplier.
GLORY!!!'m favoured, $140K every 3weeks! And I am retired i can now give back to the locals in my community and also support God's work and the church. God bless America 🇺🇸 ❤️
YES!!! That's exactly her name (Kate Elizabeth Becherer) so many people have recommended highly about her and am just starting with her Brisbane Australia🇭🇲
For those wondering, the argument for labor is wrong. The average Chinese person makes 16.5k usd per year as an auto factory worker. The average in the USA is ~34-40k. However the average cost of living is is much lower in china. The average single person in china is spending 560/m on rent near the plant vs 2000/m in the USA (Michigan because that's the state with the most plants(19%)). The biggest take away is China is much more structured and organized for mass production and since the govt. is involved there's less corruption (there's still some of course) and greed. Do a quick google search on the The CEO and executive staff salary in the USA compared to Chinas top 10 car manufacturers.
What happened to green technology environment friendly and climate change rhetoric gone? Is it wrong for china also helping the worlds recovery from climate change?
Tarrif for Chinese made solar panels started when China was still importing silicone and machinery to make the panels 15 years ago. Now, the Chinese has over 80% of the market share for solar panels and also has the complete supply chain, and the lead in solar technologies. The ev industry is further along than their solar industry when Tarrif started.
western companies gets subsidized too, but they never mention it
That is totally true
China' subsidies are in violation of WTO SCM Agreement.
Unpopular view: hundreds of billions for Ukraine actually fall into western companies, especially US defense companies. How could the defense companies in my country (a poor one) compete with America's when America's literallly swim on money? When having much money, they put more on R&D, more on salary to attract talents, more risk-taking in tech frontiers.
Everyone is being subsidized and everyone is putting tariffs on one another. China's EV industry is the most heavily subsidized in the world.
@@Siethon1 no
When you lose, change the rules.
Perhaps you should consider the origins and evolution of trade relations between "the West" and the nation of Japan. It needs to be pointed out that Japan was not a hostile enemy government, but rather a political/military ally.
I would block China in every internationally legal way possible from access to free democratic markets (Australia and NZ included). Until China changes it's attitudes of international relations and domestic human rights, they should stay outside in the Cold.
Yes China bot. Please work for $2/hr so then EU and US companies can compete with China's virtual slave labor wages. also, if you knew anything China doesn't believe in patents, intellectual property rights, etc... They will steal any technological innovation possible, they counterfeit everything from electronics to clothing, 70% of all counterfeit goods come from China costing. US companies alone lose close to 200 Billion/yr to China counterfeits, the EU is slightly less
When they cheat, update the rules*
Fixed that for you.
@@NVRAMboi Full trade decoupling with China, even if it's not "legal" ban Chinese tech, steal, and other illegally subsidized to the point of selling them at a loss goods. China did this back in the 90's with steal and they hijacked the global production market base; if we let them do this with batteries in the coming era it'll give them a dangerous amount of influence on so many aspects of our culture. Considering China doesn't allow foreign entity's to even own corporations (not the majority anyway) we need to get our corporations out; they're just stealing technology and other knowledge.
@@DrMarkyMarkyou do know that most European and US manufacturers are actually in the process of opening factories inside China right? It’s because that is the only major market in the world where the car manufacturers are actually making money on the cars. In Europe and US , they make money on the financing of the car through loans , not the actual car itself. Why do you think they push the financing so much
In China they call in "subsidises" in the EU it is called "grants"
But the subsidises are directly given to us consumers, not the companies, what the companies got from the government are policies, not money...I am a chinese.
Chinese propaganda patrolled by their goons deleting any real comments😂 Welcome to democracy goons!
买一个比亚迪海豹 16万人民币，政府补贴了 3万元，还不需要交其他税
The EU and US love free trade when they are ahead but not when the playing field is even.
🤭🤭🤭😳😳😳😅😅😅😂😂😂😂
Double standard is used by US almost every day.
BYD made Factories in Vietnam, Thailand, Indonesia and Hungary. In order to avoid tariffs Countries in Europe .
@@amandagrant4331Every second😂
Always have been😂
CNBC make it sounds like the US and EU don't have government supporting and subsidizeing their own EV companies. Why do say it out loud , that only the US and EU are allowed to subsidize their companies.
Not like CCP.
What companies are they subsidizing??
@@thetrustysidekick3013
Which and how Chinese subsisting their companies ?
USA is subsidy US$7,500 to the buyer and the Chinese brands were excluded from it.
@@thetrustysidekick3013 Tesla, any other EV maker that meets the battery sourcing threshold, and going back even a year or two, when this battery sourcing wasn't even a requirement, then it would have been any EV maker.
"We want the developping countries to compete with us, but if they win we will ban them"- Sincerely, Western Hypocracies
China is developed unlike India😂
hahaha those hypocrites
Definitely yes
When CCP China has human rights/labor protections, environmental protections of the West-then you and the rest of the CCP barkers can complain.
everyone wants to be on the winning side lol
So it’s a free trade only when it suits you
Make TOYOTA Tundra Great Again 😎 Scotty Kilmer
Of course you always have to consider your own interests. There are a lot of tariffs between EU and USA as well. Nothing new.
Also China is way more protective of it's own industry. Maybe we should force chinese companies to cooperate with european componies if they want to sell their goods here, like they do.
@@qgxii
They are doing just that.
Byd is already going ahead to build their factories in Hungary, Turkey, Morroco, Mexico and Brazil. They have already started production in their Uzbekistan and Thailand factories. Chinese battery maker CATL is already operating their plant in Germany while BYD is building theirs in Hungary.
America banned Huawei phones due to CCP spyware.
This is the exact same issue.
@@qgxii If Europe does as what you recommend, this means what China did is right. So Europe should apologize to China and pay China for the wrong criticizing and discrimination to China's protective policies in the past decades.
Western countries: “we need electric cars to stop climate change! But only if we make money from them!”
learn how economies work before talking it would collapse the market if there is no tax just like how china has rules and taxes on products and companies coming in
And only if they are not from China
Wingy is largely correct. The US rich people insist on robbing you. Gotta love this economic system if you are rich of course.@@awellculturedmanofanime1246
@@awellculturedmanofanime1246 You're the one who doesn't understand economics. It's impossible for China to just collapse the market.
China regulation on products/companies is half political in nature and half driven by strategic goals. They let Toyota/Honda in years ago to absorb ICE technology but they no longer care because they are the ones driving the front on EV.
Anyone who has basic understanding of ICE vs EV knows it's drastically different. It's an obvious conclusion by looking at how Tesla is driving legacy makers out of business because legacy makers can't easily convert from ICE to EV. It's almost a totally different ball game. Amateur uneducated commenters are always acting like legacy makers can easily bridge the gap between ICE and EV. It's not that easy.
The reality is, Chinese government wanted their own industry to be competitive so they let Tesla in. Tesla basically bankrupted some of the EV startups in China and it was designed that way to weed out the weaker players. Now the ones that survived like BYD are making very competitive vehicles. Again, here is where amateur uneducated commenters keep flowing in and trying to bash the Chinese EV the same way they bashed Toyota in 70's and Hyundai in 90's. They can't keep up with changes and just adopt a boomer mentality.
@YellowDogDespiserweirdly racist
As a European, I have no problem to buy a Chinese car if the ration price:quality is satisfying. In my opinion the tariffs are not fair. Why don’t we increase the tariffs for Tesla too?
Tesla has similar labor prices as Europe, and the USA buys a lot of European cars.
Tesla's fair competition; the Chinese EV makers are playing a different game.
@@philipthecow, are u nuts? Tesla is produced mainly in China?
Chinese made Tesla cars would be affected. A long with German brand cars made in China. Not only are they exporting cars. They are exporting unemployment to
There are several problems considering batteries: How to get affordable parts for repairs? How to insurance EV in the future? Where to park EV?
EV:s are subsidied, but new batteries aren't. It would be more affordable to buy a new car than change batteries. Therefore used EV:s are worthless.
The quality of Chinese batteries insulation is poor. Batteries will burn in crashes or even when you are charging them. Unlike petrol fire, battery fire is impossible to put off and will burn everything and even wounded people inside the car. Insurance costs will be very expensive and there will be restrictions where EV:s are even allowed to drive.
Chinese EV:s are cheap, because making them poisons environment. Using western petrol cars would be better for environment than using Chinese batteries. This is the big white elephant everyone is pretending not to see.
Are you ready to lose you job and live on the street?
It's called "incentives" here, and "illegal subsidies" in other countries.
perfect explanation. just like "lobbying" in the US and rich west but "bribery" in other countries.
high productivity here and over capacity there...
no it's not and you have NO idea of what you are talking about....chinese ev are cheap because they are built for UNDER the subside price they receive for the governement yes you read that right those cars out of the factory with NO customer are already making money, they couldn't dump them anymore in the streets in China so they started dumping them in european ports again with NO customer in the hopes they will sell and make them even more money, just don't be one of their 1st victims because those aren't cars but gov subside racket and something bad will happen as they couldn't care about quality or service they already made their money !
So true
Just like US citizens are expatriates but everybody else is an immigrant
You want to know the easy way to stop Chinese EVs?
BUILD A GOOD CAR THAT PEOPLE CAN AFFORD.
half the ppl in usa are on drugs...impossible
I live in China and best selling cars are PHEVs. Or actually EREVs which are long range PHEVs. Most producers offers EV and PHEV in SAME PRICE!!! So stop brainwashing people that only choice is petrol or EV. The problem is car market in europe is 10 years behind china, zero innovation and zero competition. EREV category not even exist in Europe. Poor chinese people are driving better cars than middle class in Europe. Example Volkswagen ID4 cost 18k EUR in China and is considered poor people car;)
But they can't do better than China 😁
So how ?
@@albertcadgame8314 they can, but whenever they do it is clown pricing
the problem is they dont want haha
If you can't compete, then blame China on "overcapacity" 🤦♂️
A decade ago, China was blamed for polluted
air China had to developed affordable EV and
solar panels to reduce the burning of coal and
gas. and now, China is bamed for producing EVS
and solar panels too good and too many. Itis a
SO absurd world.
Overcapacity is sign of poor planning for future demand, just look at China's property market with far too many housing units built and unoccupied. Same thing with its car building capacity, way too much. The only difference is China can export its problem (excess cars) onto the rest of the world by subsidizing the losses Chinese companies take on those overseas sales (aka 'dumping').
@@crosslink1493 overcapacity = excuses that someone can make better product
China has affordable housing
Usa we can't afford housing
@ Can’t compete, so call China’s efficiency as “overcapacity” 😂
Chinese propaganda patrolled by their goons deleting any real comments😂 Welcome to democracy goons!
European myself, I can tell the EU politicians dont give a fcuk about environmental issues
No one does at the end of the day. Is all a money grab
@@papi-sauce nailed it
It was just an excuse to impose their will on people. A means of control and taxation.
Speak for your self, buddy. Northern European here. I strongly believe my government (left to right parties) and my neighbor countrys’ governments do a LOT for the environment. Learn how to read and vote in better politicians in your country.
As a person in the Global South, I have an impression that the whole Green Transformation stuff could be a way for developed countries (mostly western countries) to reap poor countries from affordable energies. Without energy, say goodbye to development, let alone catching up with western countries. Worse, the West may even leverage this trend by selling their expensive Green Tech such Solar Panel. The fact that China is leading in such tech was not anticipated. 😅
Remember when the Europeans forced the Chinese to open their markets to European goods back in the 1800s?
And the goods the Chinese didn’t want was opium.
Not just goods but an addictive drug - opium. The Europeans with the Americans invaded China to do that, taking over Hong Kong and "concessions" in Shanghai, Qingdao etc...
I couldn't care less if China decided to boycott the EU. We won't miss you.
@@steinarnielsen8954 the Chinese car market is bigger than US and Japan. In 2022 VW sold 3.18million cars in China. China is a huge chunk of the EU car makers profit. US car sales in China are plummeting at the moment, because the Chinese don’t want to buy from a US brand because why would you buy from a country that appears to hate you and wants to do you down.
@@steinarnielsen8954 they won't just boycott. this is revenge for them. They want to destroy Europe's economy and industry by flooding it with cheap products.
if you think that we chinese people should apologize for the advanced EV technology , it is pure arrogance and ignorance
Japan is your enemy, not us
经典白人自由贸易市场😂
Always thought it’s funny that when western legacy car makers got defeated, they come up with all kinds of excuses
Yeah but, as mentioned in the video, many of these manufacturers oppose instating tariffs.
@@134343which ones?
Like who? GM and Ford still here. Tesla still here.
I find it hysterical that people think China plays fair. BYD is completely funded by the government to try a ev takeover. Glad you think that is fair. 240 Billion dollars given to BYD to start them and R&D which isn't it interesting Tesla was the only company China let in their door without a partnership. They wanted them there to steal the technology. It isn't excuses but facts.
When I was interning at a German company in 2019, they had a huge conference where the chairman blamed all the company's financial woes on Trump, and not its competitors from Japan and China that are hammering their market share in Asia.
Chinese propaganda patrolled by their goons deleting any real comments😂 Welcome to democracy goons!
So hypocritical. Subsidizing VW is good, subsidizing BYD is haram. And it's funny to see these BMWs and Mercedes saying they want to sell more expensive cars to make more profit, but as soon as there are competitors, they go and complain to the government.
Why? VW, MB, BMW made in China are also subject to the same EU's tariff.
Did you see the video? BMW and most German companies are against the tariffs…
Its about how much!
@@PMikeWarrior Sure, all EU memebrs are allowed to voice their view and vote against the EU tariff next month. Germany is expected to abstain from it.
No prohibition against local subsidies to local consumers; China's export subsidies to overbuild excessive capacity to undercut foreign competitors? No Good.
OVERCAPACITY ??!!
How about Japan producing Toyota, Honda etc etc cars more than what they need domestically & sell them in other countries ?? Overcapacity ??
How about South Korea with Hyundai, KIA, etc etc selling their cars overseas ?? Also overcapacity ??
They are all the same things.
This is business.
So Americans can sell their cars in China, but China can’t sell their cars in US ??
Chinese propaganda patrolled by their goons deleting any real comments😂 Welcome to democracy goons!
The Japanese and Koreans build most of the cars they sell in the USA in the NAFTA countries (USA, Mexico, Canada). Same with a lot of European car companies. Its cheaper to build them here in the market they are sold in rather than ship them across an ocean.
@ well they assemble them there. I toured the Nissan Smyrna plant and all parts short of glass and tires and all machines had Japanese writing on them…
WE ARE FOR FREE TRADE AND CAPITALISM! (*but only when it suits us ;))
Exactly. It’s so hard to defend this eu position!
@@Brizandeer yeah and the same thing happens in usa
TBF I don't think you're ready for the kind of capitalism the Chinese bring.
Maybe your industry isn't affected yet, so you think the issue isn't harmful to you.
@@thetrustysidekick3013well, it’s not their fault. You invest in shareholders, China invest on making quality goods and services.
The $1.6B anti- China propaganda received by CNBC.
Ok Chinese government subsidizes their EV manufacturers. Does USA not subsidize their EV cars? USA even subsidize Japanese cars like Toyota Prius! Back in 2021, My Prius was $24,000 and USA fed gave me $2,000 and state $500 rebate!
those are two different things, but yes it's both called a subsidy.
the thing how you got a discount is when a government (or another entity) wants to encourage something and offers the people money back when they do what is encouraged.
the thing that is against trade rules and what china does is having companies sell their products on the international market for prices below the costs of making it, and then the chinese state pays those companies so those companies still make a profit. in the long term this isn't sustainable, but the idea behind it is to destroy competitors abroad and take over their market share, and once you have a monopoly you can raise the prices and you don't need those state subsidies anymore
@@ChristiaanHW Ford loses anywhere from $50K to $100K for each of their EVs sold and some of them are exported. So isn't that against trade rules? Also China sells their EVs outside the country at least double the cost of in country.
@@celanian8188 what the heck are those ford ev's then? are they spaceships, or gold plated f-150's?
the only ford vehicles i see around me are ford focus type of cars, and those cost maybe 30k. so it's impossible to lose that much money on them.
and beside i said that it's against trade rules if the state gives companies money to sell products at a loss. if a company sells stuff at a loss and the state doesn't make up the difference that's not against trade rules, that's just stupid business practice.
@@ChristiaanHW "Ford’s electric vehicle unit reported that losses soared in the first quarter to $1.3 billion, or $132,000 for each of the 10,000 vehicles it sold in the first three months of the year, helping to drag down earnings for the company overall."
Article dated Apr 25 on CNN
For also receives huge EV subsidies. $9.2B for 3 EV plants in KY and TN. June 2023 article from Bloomberg.
@@ChristiaanHW Stop making excuses for your failures, no sensible person would think that a manufacturer would export their goods below cost, and it's really shameful that once the competition is at a disadvantage you don't choose to make your products more competitive and instead resort to slandering your competitors. Remember the allegations against Japanese cars? That memory is not that far away, except that the same script is being replayed once again.
when you are dominating the markets, then you say the free market rule is good; and when you are in the inferior position, you accuse the competitor being too competitive while ignoring the facts that EU, China and US were standing on the same line years ago, pathetic
those politician wasting too much talk on the political right those days without pushing the policy and action
u,s, europe, are hypocrites.
Why not letting ordinary people to buy Chinese EVs without tariffs? Only government officers and rich people must buy European EVs. Problem solved!
China doesn’t want to compete on an equal playing field, that’s why. We don’t have to LET them just take over and price out local companies.
Who gives you permission to buy better cars over the inferior, more expensive ones at home?
America banned Huawei phones due to CCP spyware.
This is the exact same issue.
@@Ahda108 The EU Council should have drafted regulations for ordinary people to buy Chinese EVs without tariffs.
because that's not the actual problem they're having. Might be just what they occasionally say but even in this video they're not talking about that.
I am American to be honest it's shameful for us USA 🇺🇲 and European 🇪🇺Union that they are putting 100% tariff on Affordable Chinese Hybrids and EV. They are putt7ng 100% tariff on us not China. Our automotive industry is so Overpriced that starting price is 40000$. It should be free market.
The average transactional price of new cars sold in the US is $47K, I doubt many working class can afford that given the rampant inflation. If Americans are allowed to buy BYD EVs, it will save American people huge amount of money, especially for low income populations.
You r not american chinese bot 😂
Only 1/3 of households can afford new cars. That’s why there’s a used car market. If everyone could afford new then older cars would be discarded.
I live in China and best selling cars are PHEVs. Or actually EREVs which are long range PHEVs. Most producers offers EV and PHEV in SAME PRICE!!! So stop brainwashing people that only choice is petrol or EV. The problem is car market in europe is 10 years behind china, zero innovation and zero competition. EREV category not even exist in Europe. Poor chinese people are driving better cars than middle class in Europe. Example Volkswagen ID4 cost 18k EUR in China and is considered poor people car;)
Don't we all feel sad how the world has turned out ? The US is now a joke and a laughing stock !
No more respecting them about several years ago !
SMH - very disappointing country !
What an idiotic and stupid move would it be for the EU Politicans to act as an American colony and ban Chinese EVs that could have made the lives of their own citizens much easier...
How?
Im happy with my car from 2004 what would actually make my life easier would be to spend more time at home.
So this whole "save the planet thing " was a lie 😂😂😂
How do you come to that conclusion
@@eman67rp oh, it's simple. 80% of people in the world are poor, so to save the planet people need cheap renewable resources that everyone can afford.
Because they just moved it to china. But since the world is connected, it’s still the same amount of pollution. Nobody cares.
Humans save themselves. The disasters facing the Earth are 10 times greater than they are now. Still exists. Even if the global temperature reaches 20 degrees. The Earth will not explode either. But humans and most living organisms will become extinct
@@eman67rp As the guy in this said "We need to let all EVs and Solar panels in and install them everywhere" if we want to have a real chance of fighting climate change. The tariffs in the US are saying "Let's slow down the transition to green energy so we can help US Businesses", basically, a continuation of "let'
s continue to sacrifice the plant so the rich can get richer". Whether you believe in climate change or not, you can clearly see the hypocrisy here.
Love how CNBC trying to frame this in the workers' favor and not the billionaire CEOs and board members of these auto companies.
Literally every european car company is against these tariffs (fear of retaliation)
@@blueboy3990you don’t know what you are talking about. ¿Guess who was the first person that suggested the tariff imposition to leverage them in its favor? - Elon Musk.
@jaylooppworld381 yeh, Elon is doing that to Chinese space tech too. Btw, Tesla is still being subsidised by us government.
@@jaylooppworld381 Tesla is an american car company. You are very smart my guy
Make TOYOTA 🗾 Great Again 😎 Scotty Kilmer
US is providing billions to chip makers etc etc. Hypocrisy of the highest level.
Remember when the EU subsidized its farmers against global cheap imports, leaving billions of people around the world in poverty?
Double standard , When western car flood the china market the chinese didnt complain,
They have a responsibility to their own citizens, not the rest of the worlds citizens
@@ThePorkchop1787so is china 😅
@@Ahm505 Yes they do, and that's why they have heavily subsidized their EV industry. Derpy derp
EU wasn’t complaining when China was buying European ICE cars (like VW, Mercedes, etc)..
all countries subsides their auto industries especially the germans
Go right ahead and boycott the EU if you can't deal with it. We won't miss you.
@@steinarnielsen8954 i owned a audi s6 and bmw m5 and now teslas. the point is its not only china provides welfare for the auto industry. every country does it so its not just a china problem
we are talking strictly about "export' subsidies that wouldn't have existed without the Chinese gov't propping it up.
@@tooltalk Export subsidies are identified when a product is sold cheaper outside the country of origin, the problem is that chinese cars are cheaper in China then anywhere else. Thats why is extremely hard to point that the reason of chinese export success is because of incentives to export
other than that, chinese are building factories in multiple countries, so if that is the reason, EU shouldnt be worried since those advantages would disapear
@@tooltalk You mean like US export subsidies where they subsidize 37.5% of profits made overseas compared to domestic profits?
The west is simply losing the EV game and then whines about rules based order
Why Chinese companies or brands need to be " stopped"? This is the fundamental question need to be asked against all of this "China, China oh it's China" retorhic.
Maybe the EU and the US dont want China to become too dominant in all fields
Make TOYOTA 🗾 Great Again 😎 Scotty Kilmer
3 american car company have subdsidies most all then GM debt with govt have tricks chicken tax and coffee tax no law enviroment for big trucks
because it could wipeout eu and usa company
@@mrklv1593but the rest of world want them too. China is great for the world except the evil colonizers. They can't steal from us anymore
Tariffs are just excuses for protectionism. In the long run, it will erode the competitiveness of the US and EU. At the same time, the people suffer as they are the ones paying for the increased cost. A country that boasted a free market but, in actual fact, has always been doing the opposite.
No point in pretending that China's NEV policies are anything, but protectinoism. In particular, China's practice of banning foreign EV battery competitors, forcing all EV OEMs to switch to local battery suppliers, subsidizing local overcapacity, or flooding markets abroad with export subsidies isn't particularly market-friendly either, much less free-market.
Chinese EVs are mobile bombs.
@@tooltalkits like no point trying to debate. People are set in their views. Somehow people think the west can compete with countries where a meal costs $2.
Stop repeating lies please. China has tariffs on EU and US car manufacturers and other sectors and is doing just fine. Tariffs, unions, regulations are all part of a free market.
US 2.5% tariff on imported cars
South Korea - 8% tariff
EU - 10% tariff
China - 25% tariff
@@tooltalk Nice post. I bet you he wont respond to China's protectionism. That's all these bots do, spread misinformation and refuse to follow up.
The BYD Seagull costs just $10,000 in China
This is so stupid. Allow the market to decide. If people want Chinese EVs, they'll buy it and vice versa.
That’s part of marketing, Japanese and Korean car manufacturers are the major players behind that.
That's how USA allowed china to compete USA.. China is growing
That's not the way America works. CAPITALISM hates competition. That's why we have so many monopolies in America. "The free market" does not exist here.
You can't do that as the competition conditions are not the same. What do you think a Chinese factory worker earns, it is of course 1 tenth of a European!! Just as there are large subsidies from China. How is it then whether wages are determined in China it is an agreement between the employees and the management. Does the factory employee have something to say here??
Stricter requirements should have been made by the WTO in due course.
The eropedic factories may well close and then what will they do for a living.
@@erikmortensen1091 "competition conditions"? 😅😅😅 Who's fault is it for the competition conditions??? In America especially, the ruling class decided EVERYTHING must be private. Healthcare, housing, food. Everything is ARTIFICIALLY HIGH because the state refuses to step in and provide services to the people. Which keeps the cost of living extremely high, which makes the worker demand more.
Overproduction... isn't that how trading always works? Pretty sure most farmers sell excess grains to what they eat themselves... and at a country level in an open global economy... we want to sell it anywhere it can reach if it is profitable.
no overcapacity subsidized by gov't allowed to flood markets abroad. Farmers are actually allowed gov't subsidies under WTO SCM to some extent.
@@tooltalk bro is active after they passed 1.6 billion anti-china propaganda bill. Lmao.
@@tooltalk heard that you would have a raise😂😂😂
@@directxxxx71 : sure, wumao.
@@directxxxx71looks like he just need attention and feel good about winning something, his posts mostly not too smart.
Kishore Mahbubani wrote a book, ("Has China Won?" NO, it is US that has LOST.)
Even with 999% tariff its still cheaper than bmw
Sure, 99.99% of all vehicles sold worldwide are cheaper than the Ferraris. Your point?
@@tooltalk no point other the point stated
And also better software than BMW
@@tooltalki think the point is that Europe has few EVs that can compete, even with tariffs, China beats everyone, even Tesla. 5:50 as the video points out
You get what you pay for....
I live in Canada and would love to help support climate change, but I can't afford a 60k Tesla, I wish they could sell BYD here without tariffs.. I'd totally pay 24k for it
BYD Qin sold at a little over 11k usd in China, great alternative for Corolla, btw, a new corolla is sold at 9000 usd in china.
No one want a low quality unless government doesn't give choice
Trudeau serves Biden, not the Canadian people.
@@whatsnew-b8v haha low quality? Have u ever test driven one, maybe ur still like to drive ford and Chevy clunkers.
Tesla model 3 is sold at 30000 in China.😂
If they're really genuine, why can't the EU and U.S governments also give the same or more subsidies to their automakers to fairly compete with the Chinese. This is selfishly to protect the complacent legacy automakers but not in favour of the consumers.
labor cost too much in usa to be competitive haha we go on strike if we dont get the pay we want :D
Auto industries has the Unions in U.S.A.😅
Manufacturers got greedy during the pandemic and don't want to reduce their fat margins
👍
Most car manufacturers have margins below 6%. That's not fat.
You leftists blame everything "greed". It's exhausting. The reality is that emissions regulations increased dramatically after the pandemic, making cars more expensive. The forced shift to EVs is also forcing automakers to subsidize their loss-making EV segments by raising prices on gasoline vehicles. It remains a low margin industry.
@WillieFungo after the pandemic, they are limiting production to artificially increase prices.
This is a free market. They're playing by the rules. But you are trying to change the rules because you are losing it.
@@dxcarvalho 🇧🇷
Obviously this is to protect companies who fund the politicians NOT for protecting everyday citizens. People NEED affordable vehicles right now.
And housing.
@@SERGIO-cr6uy when European came to India they said they create jobs, so why don't they let Chinese companies give job to the Europeans 😂😂😂
@@SERGIO-cr6uyif demands are high enough Chinese manufacturers will build factory in EU
@@SERGIO-cr6uy bingo~ and that bring jobs
Make TOYOTA Tundra Great Again 😎 Scotty Kilmer
Both EU and China are subsiding their EVs.
But Chinese EVs are still more competitive.
So the EU politicians went mad, how dare you... beating us in auto industry, besides shirts and socks industry?
But they are selectively ignoring the root cause.
The real reason behind all this, is the hard working, ordinary Chinese people, with high productivity.
i really have no empathy to these car company who overprice there vehicles. let those company who cant compete fail.
👏🏾👏🏾👏🏾👏🏾👏🏾👏🏾
The word you're looking for is "sympathy".
They don’t overprice their vehicles. Most vehicles are sold at a loss.
Exactly. And sorry I work in the automotive industry for years and it's not what you say: European big automotive conglomerate overcharge their cars so much it is ridiculous. They'll blame charges and labor cost but they can still sell cheaper than the actual price. Corporate greed is huge in the automotive world. So i'm happy that China is challenging their standardized cars (since most of european brands are part of huge conglomerate and are now all similar, while chinese cars are incredibly creative in term of design and visual identity). I'm so on board with the chinese take over in the automotive world.
@@vowsta In the United States automakers are required to report their profits at quarterly and annual meetings. In Europe can they just randomly lie?
I’m tired of living in a country but is selling expensive crossover cars, no longer making lower and cheaper sedans, creating an artificial shortage to increase price, and delivering a lower quality product.
Some of these Chinese evs have better mileage and tech then a Tesla but instead we protect a brand which yes is American but also isn’t innovating, actively fights against Unions, and most it’s money comes from tax payers paid subsidies. Bring in cheaper cars that are better and increase competition. Yes China killed the steel industry and that was a shame but we keep protecting Tesla, Ford, GM who consistently produce less cars, higher prices, less reliability and lower quality.
Well said
@@itsa11good23 sir, I am Capitalist. I don't want you to have affordable housing, healthcare, and I damn sure don't want you to have affordable EVs. Unions?? My family and I have hated Unions since the 1890s. If I could, I would pay you what I pay the Mexicans. 6$ per hour and a coke at the end of shift. This is America sir! It Is for men of means, men of property. Not workers, you can take that socialism crap and stuff it.
Make TOYOTA Tacoma Great Again 😎 Scotty Kilmer
The American brand also produced in China.
those toyota will run forever....even used ppl fight over it
BYD is building a big factory in Turkey. So tariffs in EU wouldn't yield any results in terms of protection.
BYD is also building a factory in Hungary - in Szeged, if I recall correctly. Should be up and running a couple of years. BYD's will be built directly in the European Union and I guess we'll see if the European legacy automakers can compete.
they are also going to build one in Hungary
Europe needs EVs but only EVs that are made by European can manufactures so they can make there fat margins. Greed never goes away.
Yep 😅😂
I live in China and best selling cars are PHEVs. Or actually EREVs which are long range PHEVs. Most producers offers EV and PHEV in SAME PRICE!!! So stop brainwashing people that only choice is petrol or EV. The problem is car market in europe is 10 years behind china, zero innovation and zero competition. EREV category not even exist in Europe. Poor chinese people are driving better cars than middle class in Europe. Example Volkswagen ID4 cost 18k EUR in China and is considered poor people car;)
they forgot that the actual existential threat is climate change not china
I got me a Chinese EV right before they’re gonna raise the price
@@Rob_Dekker😮😮😮
I'd rather buy a Chinese EV than a Tesla.
No thanks
me too
Teslas are the safest cars in the world, according to crash tests in the US and Europe. They also have the best tech by far. Even the cars themselves are torn down by Chinese companies and meticulously copied. Every new innovation that Tesla does (no other company innovates much) is copied as quickly as possible by the Chinese. The only reason not to buy a Tesla is because you have some emotional, irrational feelings. Which won’t do you much good if you get into an accident and your kids die when they would have been safe in a Tesla.
@juliahello6673 na. They are about 10 years behind the Chinese. Low quality and expensive.
@@juliahello6673 Teslas are great, but Elon Musk is so awful I'm considering other EVs.
They just want their citizens keep buying cars they can't afford. I'd love to drive an affordable Chinese EV here in the US.
If a country can subsidize so much to an industry, and they don't have a $ printer in the basement, you want to ask, where they got the subsidizing money from ? If what ever industry they get in and they dominated it, why ? Nobody in the video talked about Chinese intelligence and hard-working culture. No matter there will be tariff or not, the Chinese EVs are huge benefit to the western consumers or the government. The analysts in the video are talking to the audience like they are little kids, showing how ignorant they are.
LOL. Please stop this nonsense about Chinese intelligence and 995. China pilfered IP from the Japanes eand Koreans EV battery makers and ban them from local market since 2015 to protect own. Then China forced all foreign EV OEMs to switch to local EV battery makers to corner the entire battery supply-chain which is really what gives Chinese the key advantage they need for competitive advantage in EV.
I don't believe that China has the money to subsidize the global demand for cars.
Obviously, China's high productivity dwarfs western manufacturers.
"Chinese intelligence and hardworking culture" - Do you really think that China became the manufacturer of the world because of brilliant domestic engineers? 😂
China became the sweatshop of the world because of intellectual property theft from the western companies outsourcing to China and forcing those companies to partner with local Chinese in joint ventures.
I can admit that the western companies coming to China were too naive to believe China would move towards democracy, and probably too focused on short term profits, to take the threat seriously. So in one way they can only blame themselves...
The answer to your question of where do all the money that China has poured into its auto/EV industry are coming from, the answer is taxes and corruption. China is a communist dictatorship, and the state controls everything and everyone, so they don't care about if half a billion people in the west of the country barely survives as long as they accomplish the goals of the top leader, for example to build an EV industry of scale in the east. No one can vote them away anyways, and the only route to career is to follow orders without own thinking so in one way it's efficient...
That means they can make long term plans too where no time is wasted on endless debating, whereas western decision-makers are much more shortsighted in their efforts to please the masses with populist policies etc.
I can guarantee that China is not the only country using subsidies to boost targeted industries. The Chinese just do it a lot better. Beyond that, even if everything were completely equal, China just has economies of scale and supply chain efficiencies that no country can match.
Literally every country subsidizes some particular industries. Banks, airlines, housing, agriculture, mining, energy.... etc. It's only cheating when it's done by a country the west doesn't like >.>
I am from China, actually the subsidies ended in 2023, now the gov only subsidize the local customers who buy EV, not the enterprise.
For new energy passenger vehicles with a purchase price below 150000 yuan, the subsidy amount is 10% of the purchase price.
For new energy passenger vehicles with a purchase price between 150000 yuan and 300000 yuan, the subsidy amount is 8% of the purchase price.
For new energy passenger vehicles with a purchase price of over 300000 yuan, the subsidy amount is 6% of the purchase price.
This adjustment enables the subsidy policy to more accurately cover different price ranges of car models, meeting the purchasing needs of different consumers. In addition, the subsidy policy for new energy vehicles in 2024 also clarifies the subsidy targets, time frame, and application process, injecting new impetus into the new energy vehicle market. The subsidy is limited to consumers who purchase new energy passenger cars (excluding second-hand cars) during 2024. At the same time, the policy also stipulates that car buyers must obtain a unified invoice for motor vehicle sales and a motor vehicle driving license within the prescribed time, and promptly handle procedures such as obtaining a motor vehicle registration certificate and vehicle registration to ensure the standardization of the car purchase process and the rights and interests of car buyers.
In addition, the subsidy policy for new energy vehicles in 2024 also includes preferential policies for exemption from purchase tax. From January 1, 2024 to December 31, 2025, consumers who purchase new energy vehicles will enjoy the treatment of exemption from vehicle purchase tax. The maximum tax-free limit for each new energy passenger vehicle is 30000 RMB. This policy will effectively reduce the burden of purchasing cars for consumers and enhance the market competitiveness of new energy vehicles.
In summary, electric vehicle companies will still enjoy financial subsidies in 2024, and the subsidy policies will be more refined to stimulate the market and promote industrial upgrading.
Brazil pays a tariff on any import. A 300 phone costs 600 to final consumers. You would think local industry would take advantage by manufacturing it locally, but no. Tariffs are just bad to consumers, they protect nothing.
your government probably think it's a good source of funds never mind the final customers.
You also need a population that’s very intelligent to manufacture high end electronics
Same thing here in Canada. The Trudeau gov has been pandering the whole ‘save the planet’ slogan for years. Finally, there are accessible EVs from China, and yet the Canadian gov chose to raise tariff. But to be fair, automaker union is very powerful here. No politicians want to mess with the union votes.
Lets Go TRUDEAU 🇨🇳
Make it make sense!
he has to listen to the piper
As if I’m going to buy a 60K+ EV because the government put tariffs of 35K EVs. Where am I supposed to get that kind of money. The Canadian government just but climate change on the back burner. And please don’t tell me about Chinese “government support”, the Canadian government proudly gives US (and now VW) car companies tens of billions of dollars.
As the largest oil importer, China's determination to develop electric vehicles will not waver, even if the West insists on ICE vehicles forever.
In fact, many countries in the world are short of oil. China manufacturers will sell EVs to those areas.
EVs have accounted for 60% of the new vehicles sold in Nepal.
Let’s face reality: they’re smarter and work harder.
they have always been smarter...chinese and jews have the hightest iq
True. And their car market is super competitive. Result: poor Chinese people drive better cars than middle class Europeans.
@@GallAnonim-jx2cz true....the price of VW ID3 EV sold in China is only 13000US dollars.
Exactamente 🎉😂😮
Funny, because if that were the case China would have a higher GDP per capita.
You win in the market by being better and offering more value to customers. Tariffs and sanctions just end up harming the average consumer while reducing local competitiveness. They tried to do that to Huawei a few years ago, and that's completely backfired.
Chinese propaganda patrolled by their goons deleting any real comments😂 Welcome to democracy goons!
I find it extremely funny how the video starts off by telling you that the Chinese are "changing the rules of trade" only to then tell us that they're following WTO policy when it comes to subsidies. Maybe companies like Tesla, BMW, Stellantis and Ford should have been investing their money in vertical integration and productivity instead of doing share buybacks and divends for investors. I just see complaining and whining that Northern countries are being beat at their own game.
Much love from Brazil, hopefully the Chinese put you guys in your place.
I too find it hilarious that China now claims their compliance with the WTO rules. Until just two years ago they banned all foreign battery makers, subsidized EVs with batteries from local Chinese battery makers only. To ensure that no foreign battery competitors couldn't compete, they forced all EV OEMs to switch to local Chinese suppliers.
But now that China is flooding the market with their EVs, they want to play by the WTO rules all of sudden. LOL Can't make this up!!
repost: I too find it hilarious that China now claims they are following the WTO rules. Until just two years ago they banned all foreign battery makers, subsidized EVs with batteries from local Chinese battery makers only. To ensure that no foreign battery competitors couldn't compete, they forced all EV OEMs to switch to local Chinese suppliers. But now that China is flooding the market with their EVs, they want to play by the WTO rules all of sudden and demand "fair" access to the world's market. LOL Can't make this up!!
repost: I too find it laughable that China claims their compliance with the WTO rules. Until just two years ago they banned all foreign battery makers, subsidized EVs with batteries from local Chinese battery makers only. To ensure that no foreign battery competitors couldn't compete, they forced all EV OEMs to switch to local Chinese suppliers.
But now that China is flooding the market with their EVs, they want to play by the WTO rules all of sudden. LOL
🇧🇷 👍👍
Tesla not doing vertical integration??? You might want to go back and factcheck on this one.
As far as I can tell, these tariffs only have a negative impact on the consumer. It seems like a big barrier to lower income households going electric, EV's are still out of the price range for most middle class families. If the cars can pass the local safety laws and are affordable, I think you should just let capitalism take effect. European automakers will have to be more competitive and make an EV that people both want and can afford.
That's correct. In Canada, the most affordable electric vehicle costs around $50,000, while a basic internal combustion engine (ICE) vehicle can be found for under $30,000.
>> ... capitalism take effect
You just need to stop pretending that China is a market operator and stop ignoring that China's protectionism and subsidies are what allows China to undercut everyone. When the musical chair stops, you would all be paying more for Chinese EVs.
@@MarkBtje The cost of labor is not a key component in EVs -- China's heavily subsidized and protected EV batteries and energy are.
how old r u? u sound like you never experienced recession
Jealously is not the problem 😢😢😢
Do people feel oversmart when they say that China is overproducing? I don't understand how you can say they are overproducing unless they have cars lying in factories that they are unable to sell.
And EU was not overproducing when Germany exported 70% of their vehicles.
@@bpeng2000 they invented the word "overcapacity" out of no where just to accuse China.
When the West overproduces, it's called exports to the world.
When China exports', it's called overcapacity.
According to the *'Rules Based Order',* ONLY the West is allowed to export.
EU pushed for EV when its industries were not ready. This is what you call an own goal.
That was over 30 years ago when the EU-0 started.. As a libertarian, I think it's just a terrible idea to shove EVs down everyone's throat, but the EU probably never expected China and their antiompetitive market practices to distort the EV transition. .
EU and US manufacturers have been pushed for EVs for over a decade. They manufacturers did nothing and bet on the future of the automitve industry is ICE engines. So they were hit with an ICE ban hammer. That made them wake up, too late, but they have finally woken up. Now, if we are lucky, after the inevitable bloodbath is over, there will be a handful of EU automakers left that are capable of competing. What's really funny about all of this is that the US car makers still seem to be chugging along in near complete oblivion of what is happening in China.
@@tooltalk Nope, China simply became competitive and the European colonial period became over. Simple
@@badbad-cat is this part of the CCP's Century of Humiliation's playbook? China became competitive by banning foreign EV battery competitors; then forcing all EV OEMs to switch to local battery suppliers; then dominate the battery supply-chain since 2015.
Five years ago Western car makers reassured investors "We won't be left behind in EVs! We'll be a major player," and came out with $45,000+ crossovers. But they and their crummy dealers never really sold customers on the benefits of an EV because they still have showrooms full of gassers to sell. Now that their competition is making $30,000 and under EVs, they're crying that it's hard.
Tesla "received about $426 million from the Chinese government for the cars it manufactured at its Shanghai facility", according to InsideEVs.
I still remember Opium war
😂. u must be the oldest person alive. Kudos to u on learning to comment on you tube.
Never forget 😢
@@PrasannaOgaleSGwell there's a thing called history, they don't teach you that in school?
At least he is able to both spell and employ correct grammar. Better old and wise than young and muck for brains.@PrasannaOgaleSG
never been to school？@@PrasannaOgaleSG
if you cant win, cheat
No worries. China has been cheating since 2015: banned all foreign EV battery competitors; forced all EV makres to switch local Chinese suppliers to corner the battery supply-chain.
True
Wait, what is fair and what is not? China's strength is based on its labor, and it uses the money it earned through its labor to help its industry. On the other hand, the United States relies on the hegemony of the dollar. When needed, the United States prints the money it needs to help its industry too. And if this increases its debt, the whole world will have to contribute to repay it... Are we sure what is fair and what is not?
We talk about dumping if someone sells to the point of harming everyone, including himself. In this case, we must stop it because it is a kind of collective suicide.
But if someone is able to sell at a low price without dying himself, by using the money he earned to finance his production tools, then it is just that the others are too expensive. They deserve to go bankrupt.
This is how capitalism works: it is not a world of fairies and unicorns. It is the cruel law of the market. What happens if we break these laws?
Who is really communist in this game? China, which helps its industry with the money earned by its industry, or the protectionism put in place by Western countries?
Microsoft’s windows and Office controls 90% of the world market. The USA have no problem with that
Of course it doesn't have a problem with it ... and China can ban MS windows if it wants. Duhhhh.
There's a new bully in the yard. Now the other bullies are running to the authorities to report the other guy... Typical🙄.
Exactly
lol huh? so whats your solution? just take it? typical simp
@@willblack8575 Takes one to know one, doesn't it?
Nah the perpetually bullied smart kid has grown up and standing up to the bullies.
Nope the perpetually bullied smart kid has grown up and standing up to the schoolyard bullies.
this is what we call the KARMA-rket - threatened by the one westerners dominated, invaded and stole for years...
Why aren't they talking about the EU subsidies
because they are not in violation of the WTO Subsidies and Countervailing Measures Agreement.
Cuz hypocrisy. lol.
Because they are hypocritical colonizers deep inside
double standard😂@@tooltalk
@@wangderrick3231 don't break rules, then come back to complain.
The way you stop something is to create a better product.
That's cute, but I'd rather not have Americans competing with China on labor costs. If you go that route for everything Americans will be making what Chinese laborers make, which is not much.
@@philipthecow that's cute . We d rather have chinese products then american
@@zacksmith5644 Why would you prefer Chinese products? Is it because of the slave labor, behind the scenes environmental destruction, or the overall lack in quality?
@@philipthecow yes we do . Since sla e labor is indian
So u should advocate banning india .
Environmental destruction is usa . U are free to advocate against usa .
Do it . Don't make excuses now . U cited Environmental issues and slavery
U are bound by your own logic
@@philipthecow In fact, i prefer chinese ev over american cars because of the wayyyyyyyy better quality and techs, wayyyyyy more fair price and wayyyyyyyyyyyyyyyyy better environmental protection.
The biggest advantage of Chinese EVs is technology, but Europeans just refuse to acknowledge this plain fact.
They're just making excuses because they're falling behind in tech. Most European auto makers has their own factories in China and other parts of Asia, they can definitely match the prices of other Chinese brands if their products are up to par. I would never buy a Tesla even with $7500 tax credit in US, it's just a poorly made car with the gear shifter on the screen.
Lmfao since when do electric cars have "gear shifters"?
@@cyber8000reverse
@@cyber8000 shifting from drive to reverse, you know it's two different gear right? or you just don't know how a car works?
@@jase298hkhk Electric cars don't have "two different gear" for forward and reverse, the motors just spin backwards; lmfao, do you know how an electric car works?
@@cyber8000lol... gears can be applied to any motor.... also electric cars usually make use of gears... a peddle bike also has gears. No education these days just dumb comments.
why would you want to stop it? do the Chinese stop importing yours?
China doesn't import vehicles -- accounts for less than 0.25% of all registered vehicle every year. All foreign automakers were required to build locally to prop local industry in China past 3-4 decades.
@@tooltalk Liar
@@tooltalk plenty of ferraris etc on the roads in the mayor chinese cities...
@@fujin09 : Ferrari made just over 13K cars last year -- China imported just over 800K last year out of 30M registered; are you saying all Ferrais are in China?
yes
Success depends on the actions or steps you take to achieve it. Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future.., I pray that anyone who reads this will be successful in life!!
I have been in the market since 2022, I have a total profit of $1.5 million realized with my $50 thousand invested in Bitcoin, ETFs and other dividend income, I am very grateful for all the knowledge and information you have given me.
Congrats $1.5 million ? how did you do this please i am new to crypto and stock investing can you guide me on how to do this?
A good friend of mine also does business with him from Canada. he is a good man! His good works already speak for him.
I'm favoured, $43K every week! I can now give back to the locals in my community and also support God's work and the church. God bless Michael Davis
Yes! I'm celebrating £32K stock portfolio today...
Started this journey with £5K.... I have invested no time and also with the right terms, now I have time for my family an...
Subsidized local and tax external and still can't compete
I don't care how you do it but make CHEAPER CARS! It's simple , if your car is cheaper than your competitors, you win.
It's cheaper because it's subsidized. duh~ We don't allow gov't subsidies to build overcapacity to outcompete foreign competitors.
Found the Chinese bot
@@tooltalkalso...expenses are lower because it's not a rich country eg they pay lower wages,lower electricity costs etc...eg wedding dresses....I'm Kenyan...in my country,locally made(from tailors hence custom)can cost you $50...but imported wedding dresses can cost upto $1000...even without subsidies,chinese cars would still be cheaper as compared to European cars
@@faithkerubo8357 Let's not forget that China's fossile fuel subsidies which allow cheaper electricity and overcapacity, which according to IMF's recent figure (for year 2022): $270B. That's about 90x greater than the US's $3B during the same period.
@@Dumbledore6969x it's basic economics...the guy is probably not a bot...most people don't have a lot of disposable income...cheaper goods means the number of items you can buy increases hence they have higher purchasing power
Article Title: "US offers $12 billion to auto makers, suppliers for advanced vehicles"
And that doesn't even account for the $7.5k incentive credit per EV.
Tesla sold 540k EVs in 2022 and 670k EVs in 2023 in US. That's over 1.2 million EVs in just 2 years. With up to $7.5k subsidy per EV via credit incentive, that's another $9 billion in subsidies for Tesla in just 2 years.
Also
BYD biggest advantage to cut cost is they make 65% to 72% of their car parts ....which is something no other company did it before so they cut the middle men which prifit like 25% so the can cut cost
Global trade: that was easy to say when we were winning ,doesn't work when others are winning
exactly they western overcapacity hypocrisy😂
What’s wrong if it’s government support to winning a business? The very wrong is a government do nothing but blame the competitors but not do its best to support.
It more so worries the economy of local manufacturing. If less local cars are being bought those jobs will be lost and the economy will decline. Though I don’t necessarily disagree with subsidies, I think they are helpful
@@Daveyjonesvi I don´t because how do we know if a bussines is good?
Chinese propaganda patrolled by their goons deleting any real comments😂 Welcome to democracy goons!
Ah man, Germany and the rest of Europe has subsidised their automakers as well, no valid point.
Western manufacturing is just embarrassing...
Im glad to see that china are fight back too against the western hypocracy.
The funny thing is China is the biggest market for European cars including Mercedes, bmw and Audi
All auto manufacturers’ countries subsidized their auto industries. For examples US subsidies its consumers of their EVs through rebates.
Is this an news or an ad for the European companies in CNBC😂😂
Yes this is an Ad of sorts, what they want you to take away from this is that Europe is the "good guy" following the rules and China is the "bad guy" not following the rules white men have set up.
exactly the western overcapacity hypocrisy😂
The US “exports” its subsidized weaponry on other countries. Why isn’t that type of *dumping* free of tariffs?
Free market... Only if I have the advantage
We tarrifed the heck out of Japan on vehicles. Guess what we got? The f150, the gmc 1500 and a ginormous Tacoma. We cannot legally get small trucks. So in essence we taxed other countries into us building the great murderer of kids and adults. ‘Merica!
What's happening to China right now happened to Japan! The US and the EU hate competition. They thrive in what I refer to as a "circular competition"!
China is to big for the US to cut down this time. besides, China doesn't need the US as the US needs China, it hasn't been that way for perhaps a decade now.
I thought climate change was an existential crisis!! I guess in Europe money comes first 😂
it seems now they believe somehow china is a bigger existential threat for selling cheap EVs...it seems the earth temperature rising another couple degrees no longer worries them
It was all along a scam
I don't understand what the problem is. We need a better system of travel. What we've been using since 1922 is ridiculous.
Us is trembling out of fear, chickens.
Tiarff this and Tiarff that. Nobody talks about what the average customer wants.
The average shouldn't want tariffs. tariffs mean the importer has to pay double (with 100% tariff) and passes this cost along to the customer which will mean the customer ends up the loser. Tariffs are taxes for the consumer, not the supplier.
Tariff*
no one cant stop people from buying low priced cars.
GLORY!!!'m favoured, $140K every 3weeks! And I am retired i can now give back to the locals in my community and also support God's work and the church. God bless America 🇺🇸 ❤️
She's a licensed broker here in the states🇺🇲 and finance advisor.
YES!!! That's exactly her name (Kate Elizabeth Becherer) so many people have recommended highly about her and am just starting with her Brisbane Australia🇭🇲
Same here, with my current portfolio made from my investments with my personal financial advisor (Kate Elizabeth Becherer) I totally agree with you.
Can I also do it??? My life is facing lots of challenges lately
Alright, I'll leave her info below this comment
When u dominate this markets with no competition it's good when things turn around change the rule😂😂
Hypocrite west don't lecture us
exactly,,, 🤣
All countries freely subsidized their car industries. You always make bias report
Di Malaysia kereta2 EV daripada mana2 negara tidak dikenakan cukai bebas cukai 100% demi alam sekitar.
For those wondering, the argument for labor is wrong. The average Chinese person makes 16.5k usd per year as an auto factory worker. The average in the USA is ~34-40k. However the average cost of living is is much lower in china. The average single person in china is spending 560/m on rent near the plant vs 2000/m in the USA (Michigan because that's the state with the most plants(19%)).
The biggest take away is China is much more structured and organized for mass production and since the govt. is involved there's less corruption (there's still some of course) and greed. Do a quick google search on the The CEO and executive staff salary in the USA compared to Chinas top 10 car manufacturers.
What happened to green technology environment friendly and climate change rhetoric gone? Is it wrong for china also helping the worlds recovery from climate change?
It seems like the EU does not want EVs. They’re like we can’t compete with their cheap cars that are good so we will make them 46% more expensive.
Same with America and GM rn. It’s ridiculous
they will make u pay for there stupidity
Everything is possible but we're here
Tarrif for Chinese made solar panels started when China was still importing silicone and machinery to make the panels 15 years ago. Now, the Chinese has over 80% of the market share for solar panels and also has the complete supply chain, and the lead in solar technologies. The ev industry is further along than their solar industry when Tarrif started.