The importer will not import anymore. Its pretty simple. But the problem with this is that the local competitors often increase their prices to and then the consumers are the losers in the end.
Wrong! You are assuming that the Americans are still going to pay for highly tariffed Chinese products. If BYD and Tesla are priced same then people are going to chose Tesla over BYD and so on... this directly impacts China.
You forgot that America does not have the capacity right now to produce all the products that we use. It will take years. Furthermore, America has not done it because factories bring huge amounts of pollution.
India is still relatively poor. Mejority of population can't buy local made cheap cars. Imported cars are puchased by wealthy people. Its tax toward them.
Why do you get upset at the US doing tariffs when India has some of the highest tariffs in the world ? If you truly believe what you say then you will criticize Indias insane car tariffs .
The idea of tariff is to make it more expensive to buy and they have to compete with local manufacturers. If the gap is narrow, then buyers might buy local stuff. Reduced sales of imported items is the strategy. By up your thinking ,you assume the buyers will buy imported items if their price is same as locals. Time will tell.
protecting domestic product makes the most sense, it should have been done long years ago 70 years ago. and we are fine with short time soaring costs and paying for in-house products.
American trucks ( chevy, dodge etc) are not selling even if they were made in USA. Why?//????? because ridicules price...$90000 to $120000. not worth it. garbage quality
This is where a weak Rupee is going to benefit Indian exports. Even if tariffs are imposed, the retail cost will still be less than anything that is manufactured in US.
The tariffs are not only on cars. It's on everything coming from China and other countries. The U.S. does not manufacture many of the items that come from China. Household items such as electronics, (TVs and computers.), kitchen gadgets, toasters, exercise machines, chef's kitchen knives, (made from Japanese steel but made in China.) My LG TV and LG cell phone was made in Korea, my computer was made in China, my exercise machine...made in China. My Chevrolet Trailblazer ...made in Korea. It will take years for the U.S. to shift manufacturing all of these items to American factories. Trump will be gone by then. All he will be remembered for is creating a mess.
Depends... If the Us doesnt want to sell anything world wide than your assumption might be true. Poor Apple Microsoft google amazon etc are going to be sanctioned the hell out of by other countries if trump pulls through with his Tarifs. what the bottom line is than remains to be seen.
Palki missed the point. Tariffs are intended to make foreign goods more expensive and local goods more competitive. YES the tax is not coming out of the pockets of china, but it hurts their sales and marketability. So in a way, TARIFFS does hurt. Canada's ontario region this week estimated they will lose half a million jobs due to american tariffs. Trumps tariffs is not a revenue grab...but a penalty on imports hence a boost on local/american manufacturing/jobs.
It's collected from the importers to discourage imports and consume local US products. The income tax can be reduced as income is generated through tariffs
Americans will buy from our own companies; which will skyrocket our manufacturing sector, and greatly improve our economy and decrease our unemployment rate
For this reason chinese will impose the same and equavalent tariffs, then who benefits the most will be the ones who have local productions and more consumers(population) and ass for the rest of the world they will buy the cheapest.
don't worry Palki Trump will soon zero out income taxes :) in effect tariffs will become consumption tax ( which has been the bigger objective of Trump )
We buy less from the USA because we have 40 million people. The USA has 335 million people. If you go by percentages we buy much more from the USA per capita than the USA buys from Canada. Who is subsidizing who?
It's also not accurate to say that anything will be created next Monday in America. Next Monday will be a federal holiday. Over 90% of federal employees will have the day off from work. Beyond that, setting up another federal agency will take legislative involvement. In other words, the 12 hours starting at noon when he gets the keys to the white house are not enough in the remainder of the day for legislation to get passed and the process of hiring people for a new agency to be done. Have facts first, TH-cam second.
Right in for on tariffs, wrong takeaway. It for matter who pays a tariff, the cost is more, which is the effect and it disincentivizes sales of foreign goods. If you don’t want to pay tariffs, you’ll buy American goods, Chinese sales will slow.
US Sellers are too smart and they will raise their domestic product prices also same as import price, like in this case to 35,000 and make more profit. Average consumer end up in paying for this add-on service anyway.
Let's carefully consider this matter. We have long benefited from the low cost of goods. This low cost is attributable to significantly lower labor costs in the manufacturing process; for example, daily wages of $3 versus the $200+ daily wages common in America. This disparity in labor costs is a key factor in the affordability of complex products like automobiles, given the numerous components involved.
This a fallacious argument, price increase for the car will reduce the demand for the car which will stop American importers from importing them which will hit the Chinese car manufacturers as the demand of the cars will reduce, meanwhile American carmakers will potentially be able to sell their car cheaper than Chinese cars.
THE USA MUST DO ANYTHING POSSIBLE TO REDUCED THE NATIONAL DEBT OF 29 TRILLION, WHEN DONALD TRUMP SAID THAT MANY COUNTRIES ARE TAKING ADVANTAGE OF THE USA, I THINK HE IS RIGHT.
no, US wasted tons of money in last 50 years on military and few rich, funnel money getting government contract. same thing is going to happen in new administration. They are making new group. Donald trump king and then follow with Jeff B, Musk, Bill gate, all Oil company CEO's. high level corruption and criminal pardon system
small correction. China will suffer as eventually consumer will hesitate to buy and rather buy US made cars with in the same range and which impacts entire supply chain, however not sure even American buyers are still going to buy or not .. because overall it will hurt the entire ecosystem . It will have impacts at both end and make market volatile
Over time, with foreign goods losing market share, US industries will be built up to fill the gaps, but this may not happen during Trump's term in office, and could easily be cancelled by whoever comes next, before any of these benefits are realized. This uncertainty could discourage many investors in US industries.
Tariffs dont hit the exporters directly but only when the imported goods become too expensive to be considered a budget option and the demand falls for them as a result, so yes tariffs do work. But this lady is making it sound like its not affecting the exporters but only putting pressure on the consumers
The US market is important but it's not as important as before already. China export to US use to be 24% of its total export before the trade war. Its already dropped to 14% in 2024 and expected to drop even lower in the next few years unless trump improve the US relationship with China. Which means China is decoupling itself from the US as the US wish. And the strangest thing is China total export is still increasing and even at a record high in 2024. Why? Alternative markets, the global majority countries. One big reason is because of the BRICS and the BRI. So if the Americans don't want to buy Chinese goods, somebody will. Therefore, the Americans shouldn't look themselves too high anymore.
We in india can't do it because we don't produce anything . Totaly dependent on China for our survival and the worst thing we don't even try. so before our MAI-BAAP was Brit. now is China😂😂😂😂😂
yeah....building a car in US for 30 k.... ( only 50% more expencive than in china ??)....good luck with that. if that was possible ....there would be no globalization as we know it. when it comes to production and costs...china has the edge that is not going away any time soon.
I believe the way you are reporting the news is wrong. It is not IRS tariffs; it is ERS tariffs like you have put in the video title. Nobody knows exactly what it is, but if my hunch is right, he is about to bring a system where foreign countries have to pay upfront in said percentage to sell in the US market.
Tarrif also affect the american economy in the long run let as look america should sell goods and services in order to import raw material for thier industries but thier products are expensive and uncomptivite then they tern to use the printed money and know the world understanding who they are hurted not to benefit from US economy due to trifs so the are not oblied to use the US dollar
USA is acting like a drawing person gasping for air😂 goodbye legendary USA. It sounds more like USA people will not be able to even effort Chinese goods. It's like let's make USA poor again
The importer will be incentivized to look elsewhere outside China... to import or turn to domestic sources.... and prices are set to consumer demand. Please Palki.... don't get into the business of gaslighting your viewers Before the year 2000.....China didn't have this level of US market access........yet before 2000 ... Americans bought cars and did fine and had more manufacturing jobs
Your point is void.. since the name refers to tax on goods brought in from a foreign country..the question is which country has a relatively larger volume of resources in their home country and the capacity’s to quickly recalibrate production from abroad.. that’s sound like the US…. Then you did not factor the effect of reduce energy cost under Trump’s policy, which basically impact a massive chunk of US production costs … so your idea of inflation rise is not very strong.
With your inferior knowledge on how business works you shouldn't be making erroneous report. You forgot that no business person will engage in a business that's 100% loss. You should know better don't let Trump hate keep driving your reports.
Currently Chinese EVs are not allowed into the U.S. market, what is there for tariffs Pakli? Shame on you, stop your disinformation using Chinese EVs and repeating the disinformation from Trump. Have done journalism ethics
Tariffs (much like sanctions) don’t work, and eventually fail! For example, China could easily export its products to the US through other countries. Besides, the inefficiencies and inflationary pressures arising from tariffs will force the US manufacturers to strike deals with the US lawmakers; thereby leading to greater corruption and chaos, forcing the policy to be revised. Politically the influential power of the US will diminish as other cheaper manufacturing economies gain greater power. Tariffs are a losing game! 🤦🏻♀️🤦🏻♀️🤦🏻♀️🤦🏻♀️
Yes, which will discourage importers from importing those cars. And eventually the external factories will be affected when the US consumer decides not to purchase said products (cars in your example). This Indian lady loves to gossip and spread mis-information.
The importer will not import anymore. Its pretty simple. But the problem with this is that the local competitors often increase their prices to and then the consumers are the losers in the end.
The Trumpers seem to have a problem comprehending this very simple fact.
What if helping American business owners and increasing prices is the plan?
There was no inflation in the first term and first tarriffs of Trump.
Biden even kept Trump tarriffs.
TRUE IF TRUMPO IS WISE THE MORE THE IMPORTER IS MORE SMARTER JUST LIKE CANADIAN THE CAN BUY ORANGES IN SOUTH AMERICA SUCH AD PERO
Wrong! You are assuming that the Americans are still going to pay for highly tariffed Chinese products. If BYD and Tesla are priced same then people are going to chose Tesla over BYD and so on... this directly impacts China.
Right!
You forgot that America does not have the capacity right now to produce all the products that we use. It will take years. Furthermore, America has not done it because factories bring huge amounts of pollution.
If you want to limit your sales to 300m, by all means.
There's a reason why foreign factories are set up wherever they are !😂
She literally explained that in the video, bro watching in mute.
For that China, India etc is there and soon Greenland will be used for that. Consumer is always the God.
India has 100%+ tax on imported goods like cars.
India is still relatively poor. Mejority of population can't buy local made cheap cars. Imported cars are puchased by wealthy people. Its tax toward them.
@@Sang25x3 But India is a Vishwa Guru, right?
India's government also is quite bad.
@@keshavmiglani2697that is different kind of shit or fuck
Why do you get upset at the US doing tariffs when India has some of the highest tariffs in the world ? If you truly believe what you say then you will criticize Indias insane car tariffs .
“Let’s go to the Chinese car dealership” !
SAID NO AMERICAN 🇺🇸 EVER !
😂😭
Exactly. China has practically no share in the American car market.
Don't worry Palki, he knows what he is doing.
Interesting !! Hope Canada too becomes a strong country after new government
India is doing this for a long time, Ford Fortuner for example.
Yes, Hilux is a poor man's SUV in the west, for example. Here its a dream car for many. Thanks to the taxes!
There are no taxes on businesses, only on the businesses' customers.
thats why atmanirbharta matters !
Trump Make America 🇺🇸 strong again! 🎉
The idea of tariff is to make it more expensive to buy and they have to compete with local manufacturers.
If the gap is narrow, then buyers might buy local stuff.
Reduced sales of imported items is the strategy.
By up your thinking ,you assume the buyers will buy imported items if their price is same as locals.
Time will tell.
protecting domestic product makes the most sense, it should have been done long years ago 70 years ago. and we are fine with short time soaring costs and paying for in-house products.
If the parts are manufactured in America, they won't be able to sell the same product or car at the current price.
American trucks ( chevy, dodge etc) are not selling even if they were made in USA. Why?//????? because ridicules price...$90000 to $120000. not worth it. garbage quality
This is where a weak Rupee is going to benefit Indian exports. Even if tariffs are imposed, the retail cost will still be less than anything that is manufactured in US.
The tariffs are not only on cars. It's on everything coming from China and other countries. The U.S. does not manufacture many of the items that come from China. Household items such as electronics, (TVs and computers.), kitchen gadgets, toasters, exercise machines, chef's kitchen knives, (made from Japanese steel but made in China.) My LG TV and LG cell phone was made in Korea, my computer was made in China, my exercise machine...made in China. My Chevrolet Trailblazer ...made in Korea. It will take years for the U.S. to shift manufacturing all of these items to American factories. Trump will be gone by then. All he will be remembered for is creating a mess.
Imposing high tarrif is the best way to safeguard the US against foreign imports, specially cheap Chinese products 💯🤔🤣
Why are they dangerous?
You clearly don't understand anything about tariffs 🤦🤦🤦
sure, but then you need to pay more for the same product or buy local for a even higer price, in the end Americans need to pay more.
Typical braindead MAGAs can’t figure why they can’t keep up with their bills. Lol
Depends... If the Us doesnt want to sell anything world wide than your assumption might be true. Poor Apple Microsoft google amazon etc are going to be sanctioned the hell out of by other countries if trump pulls through with his Tarifs. what the bottom line is than remains to be seen.
This is to stop imports Palki. You can do better than this
Palki did surprise me with her logic. Cant blame her...she is just reading what someone else wrote. AI could have read this.
Palki was teaching MAGA supporter, What is terrif😛😛So many MAGA supporter does not know including their commander in chief😯😯
india also have imposed double duty on Pakistani products.
On what products? "Donkeys"!
First of all pakistan doesn't make anything except textile and food processing which india doesn't want that
Palki missed the point. Tariffs are intended to make foreign goods more expensive and local goods more competitive. YES the tax is not coming out of the pockets of china, but it hurts their sales and marketability. So in a way, TARIFFS does hurt. Canada's ontario region this week estimated they will lose half a million jobs due to american tariffs. Trumps tariffs is not a revenue grab...but a penalty on imports hence a boost on local/american manufacturing/jobs.
Palki said all this, she said the benefits to US consumers and economy will take time.
Tariffs of finished goods is OK. But tariffs on raw materials is stupid
This is what India has been doing for very long time. They dont want foreign cars in india to compete.
It's collected from the importers to discourage imports and consume local US products. The income tax can be reduced as income is generated through tariffs
This completely ignores how China subsidizes it's industry,...
Americans will buy from our own companies; which will skyrocket our manufacturing sector, and greatly improve our economy and decrease our unemployment rate
Chinese Businesses will fail because the importer will not pay the Tariffs..Why? Because Americans will buy local less expensive products…
For this reason chinese will impose the same and equavalent tariffs, then who benefits the most will be the ones who have local productions and more consumers(population) and ass for the rest of the world they will buy the cheapest.
don't worry Palki
Trump will soon zero out income taxes :)
in effect tariffs will become consumption tax ( which has been the bigger objective of Trump )
We buy less from the USA because we have 40 million people. The USA has 335 million people. If you go by percentages we buy much more from the USA per capita than the USA buys from Canada. Who is subsidizing who?
Thanks Palki good explanation
The point is that car is so expensive so they can make it in America
It's also not accurate to say that anything will be created next Monday in America. Next Monday will be a federal holiday. Over 90% of federal employees will have the day off from work. Beyond that, setting up another federal agency will take legislative involvement. In other words, the 12 hours starting at noon when he gets the keys to the white house are not enough in the remainder of the day for legislation to get passed and the process of hiring people for a new agency to be done. Have facts first, TH-cam second.
Modi should announce a similar, External Revenue Tariff, in India, to MAKE INDIA GREAT AGAIN 👍.
😂 India is already doing that.
Right in for on tariffs, wrong takeaway. It for matter who pays a tariff, the cost is more, which is the effect and it disincentivizes sales of foreign goods.
If you don’t want to pay tariffs, you’ll buy American goods, Chinese sales will slow.
Good we don't want that cheap as stuff.
So tariff obly for finished products or also for inporting raw materials
Hello Sister this is same as Duty on Goods in India.
This is to discourage buying foreign goods
Well said
Yep . We will not buy cheep imports.
US Sellers are too smart and they will raise their domestic product prices also same as import price, like in this case to 35,000 and make more profit. Average consumer end up in paying for this add-on service anyway.
Tariffs is a consumer tax
The USA should put 100% tariff on all goods. Once Donald Trump becomes president, he is going to solve all the issues. Politicians never lie.
....ha ha....love it!
it is a defence mechanism . The exporters will be forced to lower tjrir price too.Tarif is simply a serious issue for exporters too
So be it.
Let's carefully consider this matter. We have long benefited from the low cost of goods. This low cost is attributable to significantly lower labor costs in the manufacturing process; for example, daily wages of $3 versus the $200+ daily wages common in America. This disparity in labor costs is a key factor in the affordability of complex products like automobiles, given the numerous components involved.
Will Trump add tariffs to software made by Indian companies ?
Beautiful explanation of a far reaching change about to hit the world. Wars start like this
It doesn't matter who sells it. But american car becomes cheaper and encouragement for local companies
This a fallacious argument, price increase for the car will reduce the demand for the car which will stop American importers from importing them which will hit the Chinese car manufacturers as the demand of the cars will reduce, meanwhile American carmakers will potentially be able to sell their car cheaper than Chinese cars.
THE USA MUST DO ANYTHING POSSIBLE TO REDUCED THE NATIONAL DEBT OF 29 TRILLION, WHEN DONALD TRUMP SAID THAT MANY COUNTRIES ARE TAKING ADVANTAGE OF THE USA, I THINK HE IS RIGHT.
no, US wasted tons of money in last 50 years on military and few rich, funnel money getting government contract. same thing is going to happen in new administration. They are making new group. Donald trump king and then follow with Jeff B, Musk, Bill gate, all Oil company CEO's. high level corruption and criminal pardon system
It's both way. USA took advantage of others benefit and enjoyed with out worrying about wasting. Now they need to pay for it.
Then why is America doing so good? 🤭 That's just trade.
It will discourage imports
As if India doesn’t impose Tariffs.
I am sure your team did a lot of research, but at the end of the day, it is 'Make America Great Again', not 'Make China Great Again'.
Well every country has to do it at some point in time. How much duty to import a Harley Davison into India?
good move
the importer wont import hehe
small correction. China will suffer as eventually consumer will hesitate to buy and rather buy US made cars with in the same range and which impacts entire supply chain, however not sure even American buyers are still going to buy or not .. because overall it will hurt the entire ecosystem . It will have impacts at both end and make market volatile
thought Elon was getting rid of departments, and now Trump is adding
The idea of tariff is to discourage imports
no tariff is there to stimulate more trade in locally produced goods, in this case american made.
Great Analysis! How do you think the world import export partners change course with no USA in the equation?
What if China could produce it for 16,500 and ship it for 1,800 by exploiting forex and the advantage of mass production?
Because important machines are cheep metal ergy.
They are throwaway important commodity
Orange facial dye will be mandatory 😅
Over time, with foreign goods losing market share, US industries will be built up to fill the gaps, but this may not happen during Trump's term in office, and could easily be cancelled by whoever comes next, before any of these benefits are realized. This uncertainty could discourage many investors in US industries.
God's General, Donald J Trump
It's affected if people choose not to buy the product
Trump is genius, unlike conventional politicians....MAGA....
Tariffs dont hit the exporters directly but only when the imported goods become too expensive to be considered a budget option and the demand falls for them as a result, so yes tariffs do work. But this lady is making it sound like its not affecting the exporters but only putting pressure on the consumers
The US market is important but it's not as important as before already. China export to US use to be 24% of its total export before the trade war. Its already dropped to 14% in 2024 and expected to drop even lower in the next few years unless trump improve the US relationship with China. Which means China is decoupling itself from the US as the US wish. And the strangest thing is China total export is still increasing and even at a record high in 2024. Why? Alternative markets, the global majority countries. One big reason is because of the BRICS and the BRI. So if the Americans don't want to buy Chinese goods, somebody will. Therefore, the Americans shouldn't look themselves too high anymore.
Why is palki giving so much coverage to US?
The costumers of America doesn't want to pay for a Chinese the tarif of the is expensive After they maybe pay for a US 🚗
A person's tricky behavior exposed by another. hahahaha
Pee added fees- oh yes😂😂😂😂
This will create monopoly abd probably tesla will sell his cars ...
Change in the long term but Trump won't be the president for the long term
We in india can't do it because we don't produce anything . Totaly dependent on China for our survival and the worst thing we don't even try. so before our MAI-BAAP was Brit. now is China😂😂😂😂😂
Modi is trying hard but it will take time
You missed supply chain and skilled cheap labour. China have it all.
next hes.going to make a special trust fund for all of Americas money to go to that cant be touched until 2045
yeah....building a car in US for 30 k.... ( only 50% more expencive than in china ??)....good luck with that.
if that was possible ....there would be no globalization as we know it.
when it comes to production and costs...china has the edge that is not going away any time soon.
I believe the way you are reporting the news is wrong. It is not IRS tariffs; it is ERS tariffs like you have put in the video title. Nobody knows exactly what it is, but if my hunch is right, he is about to bring a system where foreign countries have to pay upfront in said percentage to sell in the US market.
Tarrif also affect the american economy in the long run let as look america should sell goods and services in order to import raw material for thier industries but thier products are expensive and uncomptivite then they tern to use the printed money and know the world understanding who they are hurted not to benefit from US economy due to trifs so the are not oblied to use the US dollar
USA is acting like a drawing person gasping for air😂 goodbye legendary USA.
It sounds more like USA people will not be able to even effort Chinese goods. It's like let's make USA poor again
That is yo fis ourage the imports from rhe ID. Why buy Amricans buy from.Vhina
If you tax incessantly on others country; others will do the same to you. Tit for tat. Every country do that & India is doing it too.
That wil.prevwnt vhinese stuff in the UE
Trumpnomics
What do america produces Defence equipment and to produce cars etc. the cost will be very high😊😊
It’s not technical 🤦🏻♂️
The importer will be incentivized to look elsewhere outside China... to import or turn to domestic sources.... and prices are set to consumer demand.
Please Palki.... don't get into the business of gaslighting your viewers
Before the year 2000.....China didn't have this level of US market access........yet before 2000 ... Americans bought cars and did fine and had more manufacturing jobs
One thing for sure .. Tesla’s stock will sky rocket 🚀.. brace yourself 😊
Just report what he said. But don’t know how he will do it. Stop acting like you are better than a president.😂
Your point is void.. since the name refers to tax on goods brought in from a foreign country..the question is which country has a relatively larger volume of resources in their home country and the capacity’s to quickly recalibrate production from abroad.. that’s sound like the US…. Then you did not factor the effect of reduce energy cost under Trump’s policy, which basically impact a massive chunk of US production costs … so your idea of inflation rise is not very strong.
😬
With your inferior knowledge on how business works you shouldn't be making erroneous report.
You forgot that no business person will engage in a business that's 100% loss. You should know better don't let Trump hate keep driving your reports.
Currently Chinese EVs are not allowed into the U.S. market, what is there for tariffs Pakli? Shame on you, stop your disinformation using Chinese EVs and repeating the disinformation from Trump. Have done journalism ethics
Have some journalism ethics, your lying will just hurt your Indian audiences
ANOTHER government agency?? First DOGE, now ERS? I thought they wanted to decrease government agencies, not increase them 🤣🤣🤡🤡
Tariffs (much like sanctions) don’t work, and eventually fail! For example, China could easily export its products to the US through other countries. Besides, the inefficiencies and inflationary pressures arising from tariffs will force the US manufacturers to strike deals with the US lawmakers; thereby leading to greater corruption and chaos, forcing the policy to be revised. Politically the influential power of the US will diminish as other cheaper manufacturing economies gain greater power. Tariffs are a losing game! 🤦🏻♀️🤦🏻♀️🤦🏻♀️🤦🏻♀️
You are misleading too
You lier and sometimes your analysis are wrong and unfound.
Yes, which will discourage importers from importing those cars. And eventually the external factories will be affected when the US consumer decides not to purchase said products (cars in your example). This Indian lady loves to gossip and spread mis-information.
Palki , you are dumb sometimes
Definitely the Americans would buy America. I like tariff let’s go trump
"Americans would buy America". I totally agree with you. But........why the US manufacturers move their production out of US in the first place?
He is gonna tariff 60% of the world