Donald Trump says Chinese EVs will be virtually impossible to sell in America
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- เผยแพร่เมื่อ 18 มี.ค. 2024
- Donald Trump says Chinese EVs will be virtually impossible to sell in America
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#donaldtrump #byd #chineseev #selling #america
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Free enterprise but only if it’s suits you😂
Free enterprise only exists between local manufacturers. When other countries back their cars for sale in your country it is all out of balance. Been this way since the days of tall ships.
yeah until you give a country who wants the the best for you only so they can steal it from you later. china's cars cant be competed against in price, so letting them in wont make american ev's cheaper, they would just destroy the domestic market and make our roads flooded with chinese electric cars. we dont want that.
Trump is not really a free enterprise guy. He's a New York republican and a populist. Of course he trends toward less regulation compared to Biden but he believes in protectionist economic policies. Probably just because they're popular.
@@danharold3087 When a country subsidizes an export to establish a monopoly in another country, a temporary anomaly is established which benefits the importing country at the expense of the exporting country. An abnormally cheap product is enjoyed but only temporarily. When the subsidy stops, the price goes up, and new capital competes. A balance is reestablished. Thus, China will not benefit longterm from subsidies for their EVs, but we could short-term without tariffs. Tariffs (taxes) hurt everyone.
@@1voluntaryist Subsidized exports are not done to benefit the receiving country. It is a form of warfare that kills or inhibits industry in the receiving country. There are people who simply do not care. Reestablishment of an lost industry is very difficult.
So Tesla can sell their cars in China. But BYD can't do it in US. Very democratic and free market. 😂😂
BYD is allowed to sell cars in the USA. They can even build them in the USA like Tesla builds cars in China... If they import cars from China then there are tariffs similar to if you import cars into China...
The only way BYD can compete in the US is if they built their cars here in the US, which they could but haven’t. Import taxes would be too high otherwise.
BYD builds electric buses in California for many years now. BYD building ev's in Mexico is no different than vw, BMW, Toyota, Honda, etc
Well said
@@0ooTheMAXXoo0 A 27.5% tariff. And if they were successful, there's no guarantee that our rogue government wouldn't raise it even higher. So to say they are "allowed" to sell in the US is quite disingenuous.
China is not looking US markets anymore, China markets is Africa, South America and Asia. I told people couple years ago.😂😂😂😂
As well as the middle East, Africa, and other countries not subservient to the US.
US cars are far better than anything China has to offer. That's why Chinese are focusing on poor markets with lower quality standards.
Will be nice to see the world pays less for good cars while American pays more for everything
They are welcome in Africa 🌍. Want them like mad Chery ,Nio ,xpeng,Geely all of them are welcome in i
same
Free market? When it is benefiting the western / american, it is free market, or else free market is irrelvant. Look at japanese in the past..
Hahaha totally agree. Not only FREE MARKET. But also on FREE SPEECH too. Suddenly we no longer hear they talk about freedom of speach.
"Free market" only when it suits them.. Now they r losing grip?? "Protectionism" is ok.. 😂
The American world order and free market was setup to fight the communists , thinking China would change as they got richer was a huge mistake.
different is Japan forget this history , japan decide to obey US , but China will not give in .
@@gezhang-nu2vv dont forget that the USA defeated the Japanese otherwise China would be ruled by the Emperor of Japan now.
Then they provided funds to rebuild Japan, and allowed them access to their market so.they could become one.of.thr richest countries in the world.
Protecting a market only leads to higher prices for the citizens.
Markets need competition to reduce prices
the market already has competition from tesla and they cant even handle that. introducing china into the equation wont equal cheaper american ev's for us, it'll only make china more powerful. they can sell their ev's here, but only if they pay us the difference in labor costs they save over native companies.
Your perception of consumers being the driving motivation and purpose of a society is outdated and dying. Nations and people have a higher purpose then to serve the material pleasures of consumers..
@@Jason-bu9svenjoy your higher prices. US nationalists are embarrassing
That is true in a fair and free market yes. But when you have external adversaries trying to expand you need to protect your own countries market.
@Jason-bu9sv The other statements concern the economic concept of 'supply and demand,' which is a force of nature. Just like you cannot argue against the existence of gravity.
You cannot argue against the existence of the forces of supply of demand.
I worked for a German car manufacturer. I saw no value for the America car manufacturers since the late 1990's. By that time, European and Japanese car are much better. 30 years later, adding Korean and China, it is a miracle that they still exist today.
Apart from Ford, who are slowly Retreating from a strong hold they had in Europe, the only viable company is Tesla
German cars are shit. Germany is shit.
purely due to protectionism and printing money to subsidize their garbage...American cars are garbage whether ICE or EV (bar tesla but still ugly as it kept the ugliness of American designs)...
Not for long with their wage rate in comparison to the Asian and the Southeast Asian. GM would have been long bankrupt ago if not for the China's plant as that is the only one been producing constant profits.
I would rather and LS or Barra than anything coming out anywhere.
Remember Washington Consensus 1989?
One of the points of Washington Consensus is:
- Trade Liberalization : Open up economies to international trade and reduce barriers.
This only applies when it suits American interest. If not, go to hell with it. Another proof of American hypocricy.
More like 1949. #USA founded globalization & the #globalist WTO (GATT) as solution to ("easy to win") trade wars that fueled Nazi/fascism & WWII.
China has been openly hostile to the USA for decades now, take your fake rage elsewhere.
US customary double standard
Trade is very, very, good for peace. Trade stimulates competition which spurs innovation. Everyone, long term, benefits from constant quality improvement with lower prices, EVEN the people who lose their jobs due to failed businesses. Would you rather pay more for lower quality? Of course not. People need to change their jobs until they find a position where they are really needed or else we subsidize inefficiency. Capitalism encourages efficiency. It also abhors war. War is very, very bad for business, in general.
"War is the health of the state." Rulers need war to stay in power. It distracts the discontented ruled with fear of an outside enemy. "Defense" = War. When govt. was more honest, they had a "War Department". Free trade is capitalism in action. With free trade, we need no "trade agreements". We just trade. Unfree trade is regulated, dirty politics trade, the norm.
HA HA ,gotcha all again! The US manufacturers got into China, made their money and got out and will now block CCP made goods from being imported into the West. How does it feel loser?
Remember in the 90's, Clinton administration subsidized and asked US car campany's to develop ev's?
After receiveing the money, they said, it's not possible to get ev's into the market.
well lets be frank, that was the 90s and even in the early 00s ev's were trash and way too expensive. the Ev1 was literally such a cash burner for GM it was cheaper to repo all the cars and have them crushed.
@@user-rm7kb3il6x Lets be frank, the first ev was already in 1835, the 1900's there were some company's already.
In the 90s with ev range of 10 miles?? 😂😂😂
@@cutehumor what that all US can achieve in the 90s, german got electric car can do 50-60km a hundred year ago😂😂😂
gas was 10 times cheaper in 90's...
I live in the UK and over 3 years ago I bought my first American car, a Tesla, as it stands, I can only see Tesla being the only surviving American car manufacturer in the future, protective market or not
Unless the other companies license tech from Tesla. This is a possibility.
agreed
That true, Tesla are at minimum 5-6 years ahead of other manufactures.... and the model 2 is rapidly approaching production.... Then you`ve got to think what will replace the Model S and then X in ? years time, by time S & X cease production Cybertruck will be into its gen 2 version, Model 2 will be in it`s 3-4th year ready for a refresh and so on...
And our 3-year-old Tesla, like a lot of American cars is not very well built. OK the newer Model 3 is better but then it gets dragged down by Musk's idiosyncratic belief that the car should be focussed on getting rid of the driver. Our BYD Seal build quality is much better, and it has indicator stalks, a drive selector, parking sensors and a HUD. Before the Tesla fan boys suggest that parking sensors are not needed, they should try living in damp muddy Pembrokeshire where the cameras become nonfunctional within 20 minutes of leaving home. That said BYD MMI compared to Tesla's is rubbish, but that can be updated...if BYD get round to it.
@@danharold3087nah, why would they want someone to split their profit? Tesla want them(GM and Ford) dead so that US government will put all their money on Tesla.
No more GM and Dodge or Chrysler? Yay!!!!
No more public bailouts - yay!
Public bailouts?
Money was reimbursed tnx to good deals.
Maybe do a little homework about American jobs, and where American taxpayer’s money REALLY is being wasted
@@mavelous1763 @krossbolt4100 is Partially correct. ATM he has *52* thumbs up.
While you are more correct.
@krossbolt4100
Do you have a *"LO❤E Affair"* with Ford Motors ? ❓️
They recently got 9.2 Billion no interest loan from USA government 🧐 ❕️💲❕️
All those jobs. Gone. The families' income. Gone. The stores they shop at. Gone. The subsidiaries that make the parts. Gone. There are "unintended" secondary and tertiary effects that involve real human beings (just like you). Don't cheer too loudly, or you may be seen as heartless.
@@pastorharman6920 wasting your time with certain people, Pastor.
They wave the flag, and then they either don’t vote, or vote for the wrong people
BYD already said they are not interested in entering the US market. I believe they meant what they said. The South American market is large enough for BYD.
300 million people in U.S., Billions in other places.
Btw the video title “BYD Mexico gigafactory cancelled” is a click bait and I’m not impressed.
sounds like you should email the ceo, Chief Karen
So they are basically forcing people to support the big 3 to keep them in business. Because they can't adjust to market.
No, BMWs, Toyotas, KIAs , Nissan, Hyundais, Fiats, Land Rovers, Mazdas, Hondas, and VWs will all still unaffected because they are play on an even playing field, whereas the CCP does not.
Keep blockbuster alive!
The 99% will have to pay thousands more for cars to support a small group of people in Detroit.
To support the UAW@@-whackd
👍
Is it possible to buy a BYD just over the border in Mexico and the drive it back to USA? Or is this against the law in USA?
You need an important permit unfortunately
Against the law. you as a private buyer can import a foreign market car only after 25 years.
You can own a BYD registered in Mexico and drive it in the US for some time, 3 months I think.
Don't the Democrats have Sanctuary cities for cars yet?
😂USA so sore on everything, China don't need the crappy US market.
Damn. Even those cars would be considered illegal aliens
America media is all over about EVs being more expensive than the similar gas vehicles. Well, here are the cheap EVs that Americans can’t have. 😂
Except that the European commissions stated that the Chinese government is subsidizing electric cars for sale in Europe to give them an unfair competitive advantage. Very little China is involved with in other countries is done on an even playing field. EV’s are just the latest thing. Look at the cheap steel dumped on other countries to make domestic companies go out of business for another example. Or the fact that the Chinese government is manipulating its currency.
@@Comfort031 And the USA is subsidizing both gas cars AND the oil industry; its a common practice
Just like Huawei and ZTE
and just like those brands, its honestly a huge security risk having them sell cars here with cars containing microphones, location data, typical commute data, all that stuff being sent right to the CCP. there's a reason chinese phones were banned. not only would chinese ev's ruin our native market as tesla alone is already posing too much of a threat to literally anyone else in the american ev industry, adding chinese ev's to that would only make things worse especially as what most people want are CHEAP ev's. even if it isnt the best quality, they'll probably go for it if they can "get a tesla but for half the price". its not good for us, but amazing for the CCP.
Fair game to tax the hell of every American cars in China. American car companies are selling more in China than in America
If you mean building big factories in MX...you can add Ford and GM to the list. Even Tesla plans a huge MX factory. 🤷♂️
@@737smartin correct.
The one good thing about competition is people recognize quality products no matter where they’re made. Unfortunately, democracies like the United States, Germany, or Japan, have to watch out for cheaters and authoritarian governments in order to protect their citizens and their economies.
@@mavelous1763 ,,
DemocraZy like ,, A. ?
For democraCy to be viable ,
At the very least ,
There should be EQUAL APPLICATION of the Law , or EQUAL PROTECTIO. under the Law .
You got them. ?
if it wasn't for the Japanese the US would still be making giant rust buckets, perhaps the Chinese would help the us car makers make the next step up
At first, Japanese cars gave new meaning to "rust buckets"
Are you referring to Japanese rust buckets? Try to find an '80s or earlier Japanese cars. I have a Datsun, most of its kind rusted away.
@@JC-ew2mn But they were SMALL rust buckets.
.......you mean giant gas guzzlers. My Datsun 510 is a light weight heavy weight.
Tariffs is bad for America. Will kill competition and this will create overpriced sub-standard cars whuch they already are anyways
The reason e car is not competitive in US.
Aluminum is protective
Lithium, rare earth environmental regulation is impossible
Steelmis protected
Chemicals, plastics are protected...
owned, operated, heavily, subsided and sold by CCP ,so they can sell whatever the price they want
I think people should not be forced to buy an ev, buy a petrol car if u want Trump allows this.
this is entirely different when you're competing with a country with extremely cheap labor which you will never be able to compete against.
ford and gm are struggling making ev's profitable, rivian and lucid are struggling to make ev's profitable. tesla is the only ones making profitable ev's besides other Chinese car companies, letting them come in would absolutely wreck our native ev market and will only give more pwoer to china as we simply cant make cheaper ev's without doing what tesla does, which is HARD. this is not the typical capitalist solution of "competition is always better", in this case specifically chinese competition is literally something you cant compete with and if they take american, chinese, and european markets, they WILL overthrow america as the top of the food chain in geopolitics. this is more than just cars, this is america maintaining at the top of the world stage and giving that power up to china, which i dont think anyone, no matter where you live should want to happen.
They have a massive advantage when it comes to cheap labor, they can pay exorbitant fines if they want to sell any cars here to make up the difference. simple as that.
@@bricolagefantasy7291 Wow you really are ignorant arent you. The reason that EV are expensive in the US is that Legacy car manufacturers do not have the ability to make EV's profitably like Tesla and their dealers dont want to sell them because they make no money from servicing and repairs, so they hike the price up to make them unsellable.
You can attempt to stall progress but you cant stop it.
Like the Japanese car invasion, the Legacy guys said they couldnt compete in the small car market, so they gave away vast amounts of their industry, it will be the same with the EV market except this will be the end for them, as Trump predicted, it will be a bloodbath of US car industry, unless they take the EV seriously, which will take a massive switch to a software revolution
It's going to be embarrassing for the USA to acknowledge that Latin American countries will have better and cheaper Chinese EV's than the USA
Those Nations that want to do business with the US will not have a choice they can do business with China or the US but not both those days are going away fast.
@@Jason-bu9svyes, and they have chosen China.
Unfortunately, many American leaders would be proud of that.
Any Latin countries or even Canada not following the US orders will get sanctioned, or coup'd
@@Jason-bu9svChinese business will be like the Metric System: everywhere in the world except in the US
i live in Michigan and really hope to get a BYD. i'm willing to pay for the 100% tariff
Me too! in Texas
Me too, NYC 😎👍
Can you imagine that one day, American people will ask their government why the price of EV cars in America is double or even triple the price of those in Mexico (its neighbor)?
They will add be driving Teslas
With this protectionism the US will turn into soviet Russia and their backwards GM and etc will drive around like the Russian Ladas
Yep, if they can sell life-saving drugs at 20x the price than everywhere else, 2x the price of EVs won't be much a fuss. US will be an a fortified island with crappy and expensive EVs.
The US and Mexico have a complete free trade agreement so that can't happen. Many US autos are already made in Mexico, Korea, Canada, and Japan.
You mean like medications?
US legacy car manufacturers can start leaving China now.
Slowly, but surely.
Protectionism has never solved problems at home; on the contrary, it makes them worse.
It was protectionism that deepened the Great Depression.
Objectively not true, it worked well for China's domestic tech market, protecting them from Google and Facebook. It is only effective as a short term measure though, and there seems to be no long term strategy to relax these tariffs.
@Lee-pf6od State your facts if you are going to object and not with examples of a different era.
BYD is also funded by the CCP
The biggest protectionist market for decades has been China.
from what i am seeing, the big OEMs cant sell cars now.........
Especially Dodge, Ram, Jeep, Chrysler 💩
@@melissasmess2773 ever since they were absorbed by stellantis they've really gone to 💩
Why?
Not electric anyway.
@@markst.germain9286 Not anything. Most Legacy OEMs have more than 100 days inventory sitting on dealer lots. Would you like to buy a Genesis G70 for $47k? It is worth about $30k. Just has a small $17k markup on the MSRP.
Free trade when it suits you and protection when it goes against you.
sorry if i dont fancy a communist dictatorship using capitalism to gain economic power and influence over global politics, seizing the worldwide means of production for damn near everything in modern society.
Your headline says that the BYD Gigafactory in Mexico was cancelled. There was no mention of this in the video, Clickbait,😢😢😢
...it maybe true... though, the main thing is, vote for jb, the smartest and most decent human, that has ever lived...
China can kick GM and Ford out.
Don’t need to. China is now going full electric. In a few years the ICE cars won’t be able to sell in China at all
They are already out. Watch market share in china
@@ais1076, ,,
They DIED on their own .
Why shouldn’t the U.S. government stop Chinese EV manufacturers from setting up facilities in Mexico? NAFTA - the North American Free Trade Act - covers exactly this situation and is the dominant trade agreement governing economic activity in North America. I’m not a huge fan of it and think it’s probably not been great for the U.S. economy, but it would be difficult to dismantle. Only Trump would try to undermine it to stop Chinese EVs from gaining access to U.S. and Canadian markets through facilities in Mexico. It’s completely insane to think the two parties are in agreement on this. Also, U.S. automakers widely use the Mexico loophole to manufacture vehicles and save money, so there’s no way this will happen. There’s no legal way to target Chinese companies in Mexico.
Just say it on behalf of you Americans , dont drag Canada into this. Canadians are NOT appreciating what trump did and intends to do. Plus, canada doesn’t have a domestic car making industry to protect. More cars means more competition and lower prices for the consumers. Canada doesn’t have the same situation here. Dont make it sound like trump is doing canada a favour.
Since when does POWER care about the Law? The Supreme Court said NO to student loan forgiveness, so Biden does it anyway, at least twice
GM, Ford, and Stellantis do not deserve to exist if they cannot compete with BYD.
In contrast to the US/Mexico case, BYD is building a factory inside the EU, not just right next to it. So how is that one going to play out?
Yes, BYD is building it's first European factory in Hungary, likely all EV but details are sketchy. They already make buses there. Smart move. Hungary is small, conservative, anti union, low wage state. A big vertically integrated factory with local suppliers will have huge impact on their economy. In Germany, it would be an annoyance. Unions would burn their cars and power supplies like they do to Tesla. BTW, BYD has 230 car dealers across Europe already. They are going to be a force, with Tesla, in Europe. I hope BMW, Mercedes, VW Group, Peugeot etc., can keep up.
@@dylanthomas12321 I'm wondering how will this affect pricing. A Seal is 15k EUR in China and 30k EUR where I live in the EU. What I'm hoping from an EU factory is that tariffs won't/can't apply anymore and pricing will be very close to the Chinese domestic one.
@@st4849Yeah, it's bizarre. I'm in US but can't yet figure BYD pricing in EUR. Tariffs don't account for it, though the may in future. But once they produce locally in Hungary in maybe two years in volume, I would expect their prices will fall dramatically. BYD and Tesla CEOs are friends and company cultures are similar. They are both driving the bloodbath in China, foregoing bigger profits just to clear the market. I think they will do the same in Europe, but it will take a few years. Once it happens, people will be shocked. Hungary will be sitting pretty.
@@dylanthomas12321 Can't wait! Let the real competition begin - for us customers. 🍿
The BYD factory will be complete in 2040 and will produce 100k cars a year. Not sure if that is something to crow about or not.
If I had a car lot full of byds I could sell them all out in a day....No Joke! Right here in mid michigan.
And then watch the news of them blowing up in this street in the morning and that street in the afternoon. In China EV cars cannot get on a ferry in case the car blows up.
I don't believe your propaganda...
It is still too early to tell if Trump will go to the Whitehouse or jailhouse.
I think they will go bankrupt even without Chinese EVs in US.
Who is "they"? Tesla is projecting to sell 2M BEVs in 2024 and they make about $9K on each car that they sell.
@@KP-xi4bj , legacy car makers.
@@Fordance100go look at Toyota share price
@@bydman5320 , JPN government was pumping JNP stocks. They already signal the pumping will stop. JPN is recession, stocks up 50% in a year.
@@bydman5320 2035 global ice ban: hold my beer.
And in Australia the media does not make shit up?
Why didn't the American government stop Toyota and Honda from setting up plants in the US? Right now the most popular car brand here in the US is Toyota, and last time I checked, Toyota was not an American car brand. So, what's wrong with letting BYD set up plants here in the US?
It’s like trying to tax internal combustion vehicles to protect the horse wagon builders back in the day.
What if China takes reciprocal action to tax 100% American cars which are doing well in China??
Who cares, there's hardly any going that direction?
@@robertbowman9108well, not sure if you heard about a small company called Tesla
China does not have to increase tax on American cars. They just make getting the license plate more expensive for ice cars. The sales will dwindle drastically.
What does "free market" rhetoric really mean when US govt reps speak?
It means free to exploit for US companies.
Hey Sam
Long time lurker/viewer/subscriber, first time commenter;-p Any chance of a future video on the true cost of ownership of an electric car, preferably a Tesla , in Australia? As someone looking to make the switch and make the switch as soon as possible. That means, in my case, convincing the boss, that it’s financially better as well as environmentally better… many thanks for all your content and congratulations on the huge contribution to the world you’ve made by shining a spotlight on the facts and
Cheers,
BCD
It makes me want to vote for RFK Jr... It's embarrassing that the world can have cheap EVs but we get screwed because they wanna pander to legacy auto makers. I don't see them doing that to Apple or other electronics coming in from China it's ridiculous that the world can have a BYD Seagull for $12K but we have to pay $24k ? That's dumb.
Huawei's phones are better than Iphone, ban Huawei. BYD are better than Tesla, same reaction, of cos.
I think you forgot how many things China bans? lol
美国有优势的时候希望别的国家开放市场 不开放就是独裁不自由民主威胁 但是别人的优势产业进入美国市场时就不行 要加关税还威胁美国的国家安全🤣
probably there are better brands than BYD in china...i prefer Geely cars and their sub brands..xpeng..Li auto..Nio and Huawei cars)...
Yes BYD sucks but its great marketing helps
because they are a security risk for america and BYD is a serious economic risk for us. it wont help improve competition, it will literally just destroy the current industry because they have cheap labot. im a calitalist but not when it comes to communist dictatorships using capitalism and low wages as a means to an end to gain global communist power. sorry but that i simply will not get behind and thats exactly what china is doing. and clearly its working because nobody seems to notice.
I live in northern Mexico in the winter and Washington State in summer. I am a permanent resident of Mexico and a citizen of the USA. I can buy and register a BYD car in Sonora and drive it in all of North America.
I visited a BYD dealer in Hermosillo Sonora. The salesman showed me the BYD Seal. Cost was 888,000 Pesos - about $52,700 depending on the exchange rate. In Mexico, car sticker prices HAVE TO include taxes and fees. The BYD Seal is very nice and very impressive. It has a 82 KwH traction battery. However, for us there are 2 show stoppers: ground clearance and charge port type. The charge port connector is a Chinese standard. The salesman thought that the charge port would change in 2026. But, to which standard - NACS or CCS1? Would BYD get an agreement with Tesla for access to Superchargers?
At this point in time, the only location in the state of Sonora with DC fast chargers is Santa Ana, Sonora.
The Tesla model Y long range is about the same list price as the BYD Seal. But, I can get the $7,500 tax rebate for the Tesla Model Y. However, taxes and fees will be added to the Washington State Tesla purchase.
In future the USA government will have to give everyone a free car to keep their legacy brands alive. Probably cheaper than bailing them out ever time they fail. A form of UBI. (universal basic income.) but with cars.
What happens in China limit Tesla....RIP Tesla
And Apple
it truly will be US’s loss, especially the consumers and related economic competitiveness.
BYD will just patiently wait for one of the Big 3 US manufacturers to start discussing bankruptcy. It will then simply offer to take over the company, retain the majority, if not all of the blue collar jobs and invest a substantial amount in the modernisation of some of the factories. They have done a similar thing in China and its working well for them.
only BYD, what about other EV brands ?
It appears that Chinese automakers are entering the US market through American manufacturers such as Buick and Tesla. This may be possible because these manufacturers are based in the US. It can be assumed that if BYD rebranded their models under American brands, they would also be able to enter the market .
one cant expect politicians to follow the laws they pass
See what they do if China threaten to do the same with Tesla, GM, poke a dog for long enough eventually it will bite
Great! Were already lagging the rest of the world in EV adoption. Lets add another decade of expensive poorly made cars to this! UGH!
That is the beauty of protectionism that will lead to demise at the end, whereas in China the market is wide open to foreign companies to come and invest and the competition is so huge that you must produce the best else you'll be irrelevant since everyone want a slice of the market.
Exactly, every country should protect their domestic Auto companies, employees. People don't understand what Chinese Auto companies and the Chinese government want to do to the world
Protectionism is in vogue here in the U.S. The senators are doing it too. There is no reason to worry about Chinese take over. You can't import without exporting. Learn basic trade mechanics.
Sure you can, its done often, you import with CASH only, not products. Like Japan in the 1920-1930 importing ALL its oil for cash sales
@@harriettanthony7352 You forgot to ask yourself how do they get USD?
Just make better cars! is it that hard?
Yes!
If it’s that easy they wouldn’t be struggling to sell in the past few decades!
@@adardeslol7513in the 60s the American auto industry was world leading. Everyone all over the world wanted to drive a Cadillac. Somehow I doubt GM and Ford were brought down to this state by a series of unfortunate events. The companies don't have their priorities right. Instead of building cars that people want to buy, they busy themselves with chasing profits at any cost. The bailouts aren't helping change their behavior either. Hyper protectionism is almost like life support for them. Even then, the entire mexico imports situation was created through pure greed. Politicians should have made them build cars on US soil only, then you wouldn't have a situation where Ford and GM are building cars in Mexico and banking on brand loyalty to sell them. The other side of the coin is their response to ever more strict emissions regulations. How come Toyota, Honda, Hyundai etc. can build a small passenger car and the big 3 can't? it's not because of margins, it's because they never invested R&D into making that segment of cars to comply with current emissions standards, so they default to big SUVs and trucks because those have less emissions requirements. Better then VW I guess, who just cheated. And the whole Chinese auto thing happened also only because legacy auto wanted access to the market, and were willing to put up with plagiarism for decades, the governments missed the CCP's strategic moves in securing raw resources, then poaching all their engineers. But sure, blame the Chinese, like they did the Japanese 40 years ago when those broke the US market.
Deadbeat Donnie told the world Mexico would pay for the border wall, we'd have great healthcare, and he'd have an infrastructure bill passed in two weeks...
Have you ever thought?
What happened to Free Market. What happened to Capitalism. What happened to Global Trade. Isn't this the message what America has been spreading for the last 50 + years.
There is no need to exaggerate the importance of the US market.
So far, China cars have not been sold in the United States, but this does not prevent China from becoming the world's largest automobile exporter in 2023.
Tax credit? Tesla buying batteries from BYD/ China
America getting into a " Close " Market and no competition is allowed anymore.😂😂
Next up will be BYD plants in the US. Toyota, Honda, Nissan and others are already doing it.
If the US government succeeds at this kind of protectionism, the real victims will be US drivers, who will have to pay half again as much for their cars. BYD's cost advantage isn't only about cheap labor in China or Mexico; it's also about advanced design and manufacturing techniques that reduce the cost of making cars, much like Tesla is doing. Plus vertical integration; BYD makes the batteries for its own cars.
This is simply a repeat of Honda-Toyota coming into the US market in the 70s, eventually they find a way. Also, don;t forget that North America has NAFTA and rules that the 3 countries must abide by
forget trade with US , workdwide markets: middle east, africa, latin americs, southeat asia , east & west asia and several ocean island.
😂
I have very mixed feelings regarding all this- on the one hand GM and Ford I perceive as Stupid as well as somewhat underhanded dealers- but I also see the problem with allowing China to flood the U.S. with its cars even though I REALLY like some of them- So the U.S. I guess will just sit around and wait for our car makers to catch up to Tesla-- that will take forever.
BYD officially came to Uzbekistan in 2021, later a contract was signed for the construction of a plant, now the local auto industry UzAvto has decided, as always, to monopolize the import of BYD to private suppliers, citing that the cars brought in this way do not meet local standards🤦🏻♂️
Meh. Same thing was said about the Japanese cars. History will repeat itself.
Letting BYD (and other Chinese EV OEMs) into the US (by way of Mexico) will cause a bloodbath for the Legacy Auto Industry. And by "bloodbath" I mean economic disaster for legacy auto, in case the metaphor wasn't obvious.
Competition is good for the consumer. Legacy Auto would soon get their act together, do or die.
@@trythis2821America first. In America.
Tesla is as much of a threat to them as the Chinese cars.
@@tomdiesen4767 It is not America first if the people that buy cars are paying double the price. BYD have been building buses in Lancaster, California since October 2013.
@@tomdiesen4767american auto has largely become very inefficient and wasteful. Vehicles are gas guzzlers, and beholden to fossil fuel lobbies. Japanese and European brands offer better choices with compact cars and sedans. America first only promotes these wasteful attitudes.
The US needs Chinese products much more than China needs American products. So, good luck increasing tariffs on Chinese products. All China has to do is stop all sales and exports to America. As for the current 25% tariffs on China made vehicles, there are already EVs (Buick, Polestar, Volvo) avoiding the tariffs by using the duty swapping loophole.
American cars are the perfect craps for the scrapyards.
BYD CEO said the situation is complex. In other words, the USA will not let you flood the United States with cheaper and better EVs. BYD is collaborating with TESLA turning TSLA into a partly made EV. TSLA Benefits and so does BYD whose market is limited to China as the EU will probable protect its car market as well if it feels threatened.
I don't get why the US is so scared about China. Does the US like being weak? Just make more competitive cars. Aim for the top, not the bottom. For example, at my company, we notice one 50-year-old $10,000 engineer does more work and better work than three 25-year-old $4000 engineers.
Too much pride. If you can’t make better cars than the rest of the world, then import them and sell them. Focus on other things that you’re good at and become the leader in that.
Americans want hybrid Japanese cars. Don’t want to support our enemy.
@@brandonvernetAmerica will have several very competitive cars in about one year. Tesla 2 @ $25,000, a VW at the same price, and even VinFast may be offering their (very) inexpensive smallest car for less than $20,000. All made in America.
But not quite yet.
It's not that simple. You have to know basic economics to understand why US doesn't want China in Mexico. They can make an EV car far cheaper than the USA can because of wages. American auto industry just renogiated with their Unions. The workers will make over $50 an hour. How much do chinese workers make? I heard 10 cents an hour. Could be more, but it's not $50. They will employ chinese migrants in Mexico and pay dirt wages. Which is the loophole they are trying to exploit. Cause north american tax credit includes mexico. They are trying to exclude China. This has happened before. look at history. GM use to dominate the market. Then Japan came in and took over US market. Mainly cause they built better cars at a cheaper price. Detroit use to be a booming back in 80s cause the workers made a lot of money back then. Now it's full of empty warehouses. You can put the blame in a variety of things. Inflation, unions, cronny capitalism, neocons... Etc. But it's not as simple as you put it.
@@DanielGonzalez-hf6ql In the next few years autoworkers will be primarily humanoid robots. Labor will no longer be a factor in locating factories. Please do not confuse US autoworkers, their unions, and their paid for politicians with the US people.
I can see the US government providing funds to US citizens to buy US made cars. That has been extended to Mexico and Canada. But I think a lot of people would have problems with their tax money ending up back in China. Some of it will in any case because good luck building a car with no Chinese parts.
This tariff will last only until China puts a comparable tariff on agriculture products hitting farmers in the Midwest states, think swing states.
China would starve
Can't eat BYDs . . .
I think China could retaliate on Tesla and put the same tariffs on Tesla's cars in China that the US is putting on Chinese cars from Mexico.
Old enough to recall a Japanese auto invasion that upset Detroit's Apple Cart.
This is a sign of weakness,in my opinion if USA do that.
By doing that gives us the impression that recognise, china as the No 1 economy globally.
based on cheap labor. if we didnt have minimum wages, we wouldnt have anything to worry about china's products being cheaper.
The US government saved the legacy autos at the gfc in 2008 and they still haven't reinvented themselves.
I agree.
Let them build their own factories here in Usa and hire Americans.
This is the way that solve problems.
If you forbid that , and don't leave the trade free ,then you accept your
weakness
@@georgeapostolidis6379 you sound like a membor of the ccp trying to bully our pride into selling your cheap ev's
China is already the world's most productive economy for many years. A busket of common goods that we used every day is about a 3rd of the price, with transport cost about a 5th. There's no comparison if real productivity is being measured.
Wish we did this in Australia, we would probably still have Holdens.
Why did Holden leave Australia? It was not profitable for them. And there is a tariff in Australia for foreign-made cars.
Good Honest Reporting.
I told you the US government can simply tweak the importation laws as they choose. BYD has no chance in the USA.
Send those cheap EV's to Canada.
Dont hold you breath for that. Weather it is liberal or conservative or ndp. They are just lap dog to the states. Since when was canadian politician grown a spine against the US?
I haven't seen many modern Fords in Sweden since they sold Volvo cars to Gely
Lucky Sweden
27.5% tariffs on EVs from China, but 100% tariffs on Chinese EVs from Mexico? Viking really should have taken the trouble to call bs on that.
More tariffs - more inflation. Less consumer choice. Weaker American economy Yea!!!!
STRANGE HOW HE UNDERSTA-
NDS TRUMPS AUTOMOTIVE TRADE POLICY BUT NOT THE INDIAN TRADE AUTOMOTIVE POLICY VS CHINA.
The USA is the kid that no one wants to play with anymore. He was the kid with the new ball at first but every time he starts to lose, he takes his ball home. Gets old.
100% true about our news media!!
Good luck America
E Viking is insulting the Mexican government or people. He claims BYD would bring many cheap Chinese labor to Mexico to work in the auto industry in direct competition against the Mexican workers. Mexican workers are not so easily replaced or inept that cheap Chinese laborers can replace them. Besides, Chinese auto labor costs more or equal to the ones found in Mexico. Also, the Mexican government doesn’t have an ‘open door’ policy to any foreign worker, including Chinese. Finally, BYD-Mexico auto group will be a respectful guest in Mexico - naturally, BYD has more respect for the Mexican worker than E-Viking.
To add "They use Robots mostly"
Trump will put an end to EVs. He likes ICE cars more.
He'll also end democracy.
@@alexishart1989and the world
@@alexishart1989Give it a rest, please.
@@alexishart1989 Bollox, he will restore Democracy from the corrupt Dems who rig ballots and elections to keep their corrupt stupid politicians in power.
You can tell a corrupt government by the way they try to lock up their political opponents.
No he wont, he's a business man, he see's the profit possibility in EV's, anyway no one wants ICE cars now, who in their right mind would want to own a vehicle that costs more to run, maintain and service, why would any fool want that
U.S. law prohibits selling a product in the U.S. at a loss to gain market share. BYD is losing billions in order to do just that. Protective tariffs are appropriate in this case. Sell your EVs at a price at, or above, their manufacturing cost and there is no problem.
wonder why China didn't ban US car makers in China
American denial is not only real but also bliss, just like ignorance and western democrazy.
Corruption
Of course he says that, he wants the Chinese to "invest" 500m in the building he is just about having to sell...
... and proposed to be built on the land property Trump owns. That is what he seemed to imply. Trump is an OLIGARCH anyway.
Interesting how politics and economics work.
Company A makes superior technology.
Company B makes inferior technology.
Instead of helping company B be more competitive, Government artificially puts Company A at a disadvantage, so company B's mediocre technology continues to be sold.
Let's see how far this takes us.
Most people are clueless about Chinese CCP threat. Anyone who knows and understands the risks would not let Chinese EV in America.
Vote for Trump, it's the only way to save your country
😆😆😆
How is trump going to save Australia, and what is he going to save it from exactly?
@@johnmilligan4260 LOL Trump is more likely to save Australia than than the US. He is a disaster. The anthisatis of foreign relations.
@@johnmilligan4260 fair point, in America i havent heard about Australia in the news since, well, ever frankly lol
however when trump was president there was legitimately peace in the middle east and there was basically no wars going on in that time. but as soon as he left, we got the Afghanistan pullout, the Russian attack on Ukraine, and the Hamas Israel attack just to name a couple. so i dont think it'll do much for you in Australia, but trump being president seemed to have a global effect of less wars and hardship worldwide.
@@johnmilligan4260he’ll keep China off your doorstep.
Where do you come up with this crap Electric Viking - BYD would send Chinese labour to Mexico - seriously do you think Mexico would allow this!
yes Mexican wage are cheaper
American car companies assume we all want race car performance and tank size. Maybe what many of us want is low-cost, efficient, reliable transportation and this includes electric vehicles. And the big car companies are afraid China might supply that. I'm extremely irritated that US politicians assume that tariffs alone will make the US manufacturing competitive.
BYD is already manufacturing electric busses in California and has been for over 10 years. As for the American car manufacturers only Tesla makes nearly 💯 percent of their parts in the USA. Some of Tesla’s batteries are still sourced abroad but that is being remedied. GM cars include only about 38% US made parts. Ford cars include about 53% US made parts and Chrysler/Stellantis isn’t even a US company.
We the people suffer the loss! Such BS
These junk cars aren't cheap outside domestic market
The horror, chinese spyware cars built in mexico.
US spyware is everywhere in the world. What bullshit you are talking about!
your phone not?