Why tariffs won’t help US win global competition in EV with China？
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- เผยแพร่เมื่อ 28 พ.ค. 2024
- China has a large running head start in EVs. But putting tariffs is not going to do anything for a competitive position globally. What the US has to do is first and foremost make the mindset change，which is to compete not contain: Peter Walker #GlobalArena #China #America #EVs #tariff
So the US is crying about China subsidizing its industries? And the US doesn’t? Didn’t the US bailed out its auto industry with massive billions upon billions of dollars in subsidies in the early 2000’s? Didn’t the US subsidized its banks every 20 years or so along with its mortgage companies? Didn’t the US subsidized its computer chip companies with huge hundreds of billions of dollars in subsidies? Didn't the US subsidized its oil companies and its military weapon manufacturing companies as well? Like Ben Norton and many political analysts have pointed out the US has subsidized just about every single industry that it has ever partook in! Nobody can point out a single manufacturing industry in the US that has not been subsidized by the US government! What the US wants to do is to continue to subsidize the hell out of all of its industries to make them competitive against China, but at the same time prevent China from subsidizing any of its industries whatsoever so that all of the American companies would have a huge advantage over Chinese companies! China isn’t that stupid to allow the US to play dirty like that! The US has played China dirty too many times already so not this time, cheater!
Spot on.
Brilliant statement. Agree 100%
👏👏👏👏
US is the "greatest" hypocrisy in the world!
Absolutely agree!! 👍👍
The US proves to be a sore loser.
Tonya Harding approach.
Always had been....for the past near 300 years since it's existence LOL.
So subsidizing clean air and less pollution is somehow bad? The pretzel logic of the US is absolutely amazing...🤣
The US government desperately needs the money !
The EV tariff is one of the fastest way the US government can fleece their citizens
US loves to drink pure petroleum. EV is for other countries.
That's why it called the petrol dollar.
Americans still live in the horse carriages time, cowboys
All these Chinese commenting in a foreign language from there own on a app that's ban in China. Just show all these propaganda channels.
The USA wants to slow down China's growth and advancement, and *buy time* for itself, but to what end??? What can the USA do with more time?
The USA cannot financially afford to compete with China. It's in hock up to its eyeballs. It's on the brink of major financial collapse.
The USA has one quarter the number of STEM graduates that China has. China is out-innovating the USA by a country mile.
According to the Australian Strategic Policy Institute, China leads the world in 37 out of 44 critical technology fields.
Last year, China was granted more patents than the USA and Japan combined!
According to the CWTS Leiden Ranking 2023, China has 16 of the top 25 universities that produce scientifically impactful research.
The Nature Index says that the *top 23* rising science institutions in the world are all Chinese! And 39 of the top 50 are Chinese. (Seven are American, two are British, and two are German.)
But but.....every single murican thinks they are richer than the Chinese hahahahahahaha
The fact is this utter hypocracy of the U.S. government is insane like dude as an American you have no idea how bad it is
Africa, Asia and Latin America can buy all china EV cars... 🎉🎉🎉
Its Nothing more than a Tax Hike for American consumers. Not for Chinese. 😂😂😂
I subscribed as this is one of the best narrative I heard about the EV war. It is respectful of both sides, is objective and concise.
Why China can make cheaper and better product and US can't ?
United Snakes isn’t interested in doing anything great, it is interested in playing dirty by suppressing others’ progress and greatness! It’s the ultimate Tonya Harding, that’s what it is!
Easy answer.. Because of greed.
A lot of corruption
Because Amerikans are lazi.
In theory, by capitalism, competition will drive innovations. Quality should go up and price should go down. However, this concept assumes the same playing field. For example, China figures out the supply chain for a new industry and invests all critical areas. For example, EV proliferation will require batteries and green energy sources, charging stations, electricity delivery. If US does not improve its technologies in every sector simultaneously, their EV industry can not prosper. But, US is lack of a political structure to set long-term objectives and maintain a centralised plan. Biden administration tried to re-establish semiconductor manufacturing in US by forcing TSMC to build factory in Arizona. TSMC found they could not find sufficient qualified, experienced engineers in US and the labour in US does not cooperate with the management as in Taiwan. TSMC estimates the chip made in US with the same technology will be at least 50% more expensive than in Taiwan. That means only US companies will be forced to purchase these more expensive chips and further adding costs to their own products.
Everybody wants affordable EV Cars made in China. 👍👍👍 Clean Air Blue Sky Health Better Life. Thank You China ❤️❤️❤️
US tariff is really for election purposes as it does almost nothing to the Chinese EV development. I say this because up to day there is no Chinese brand allowed in the US to sell China car so the tariff is for sale that has never existed. The other important data is China in 2023 became the world's biggest car exporter after overtaking Japan. It did so without the America market.
The tariff is seen as a preemptive protection to the American car industry. Its imposition will almost certainly locks up the US car industry in a permanent uncompetitive mode.
If the US has to compete with China fairly then China would have put the US out of business in every single field a long time ago! Look at how China allows every single American company to do business in China (John Deere, Apple, GM, Tesla, Microsoft, Starbuck, Nike, Walmart, Coca Cola, McDonald’s, Intel, Qualcomm, and nearly 1000 other American companies) are allowed to operate in China. But the US has banned nearly 1000 Chinese companies from doing business in the US! How is that an unfair advantage for China? If the US has to compete fairly with China then China would be kickIng the US’s arse at an even greater level! Even despite cheating against China the US is getting its arse handed to it by China! No wonder the US is so bitter, even despite cheating it is still getting beat like a drum by China! This is a case of the cheater getting even more sore because it tried to get an unfair advantage over China by cheating against China, but despite all of the cheating that it does to China it still got beat by China! The US is the Wile E. Coyote and China is the Road Runner that simply can’t be defeated no matter what kinds of schemes the US throws at it! Being the Road Runner China always finds a way to use the US’s own schemes against it! No wonder the sore-losing USA is so bitter against China! China is unbeatable! Beep beep!
The US government should not be helping their auto manufacturers to survive by not catching up with EV technology. No motivation to innovate their auto manufacturing system.
WW car markeet is about 90M. US and EU market total is about 30M. That leave a 60M car market for China to tackle. That's plenty even for China's capacity.
Also, the rest of markets need inexpensive cars which US and EU don't want to sell.
Unless US can force all South Countries to say no to well built Chinese EVs, what can US achieve? Remember Germany, Japan, France who care about their sales in Chinese car market will not follow US.
Too LATE. Every young folks are chasing American Dream (meaning SLEEPING).
I thought US was going green but instead put tariffs on Electric Vehicles or materials required to build them. 🤣🤣🤣
The US had a head start on ICE vehicles and saw that it would be difficult to catch up so it required joint ventures with the world's best to share in that market. When NEV started their climb, China saw opportunity, both in part to solving their Paris Accord agreement and in business. Here, it would be one of the first in this market. Today, it has that first starter advantage both in NEV software and batteries. It would be difficult or nearly impossible for the US to catch up when China already has a mature supply chain, the raw materials, and the talent to be strong in NEV. The US doesn't have the first two and is weak in the third.
I think Biden made a bad choice to go it alone. He should have used the same tactics China used and demand joint ventures to enter the US market as did the Chinese for the US to enter the Chinese market. And, if by a miracle, the US can come up the curve and go it alone, so be it and the US can carve up its own share of the market both domestically and internationally, just as the Chinese did. Instead, by isolating itself from China, the problem won't go away, and in fact, get worse. China will command the world market for NEV as the US and EU would be uncompetitive if they go it alone.
Actually, the electric car got a head start in the U.S. in the early 1900s but the U.S. decided on the ICE instead. It could have taken it up again during the first oil crises in the 1980s but couldn't see the forest for the trees. It has become too conservative for its own good, unwilling to try new, revolutionary ideas as much as it once used to. It has become less of a risk taker and that's not good for any nation to advance. It should not be afraid to try new, unexplored frontiers - not just of land or planets but social and political reform. China did under Deng Hsiao-ping and was a bold move that has paid dividends. Today, China continues to forge ahead with new ideas and innovations. Where does this leave the United States when it continually stymies moves into EVs and green technology?
USA should adopt new technology quickly to stay competitive. Don't try to reinvent the wheel.
It should but has become somewhat lazy and complacent over the past 70 years, resting on its laurels and have forgotten how it got to where it did through hard work (see "The Greatest Generation")
Thank You Mr. Walker. I wish U.S stay number one in all major industries! Unfortunately, that's not how the world works. Every country has the right to have their own growth and their own innovation. I wish U.S can learn a thing or two how to accomplish that and able to focus into more innovation and compete not to contain others when you loss.
So Americans will be stuck with low quality cars at high prices. That's what happens when you have no competition. And they wonder why America has an inflation problem! The one point I disagree with is that you always need to invest in the auto/tech industry because competitor are looking to unseat you. Can't rest on your laurels
BYD's showrooms in Mexico City are packed during weekends...2 years ago almost nobody knew the BYD brand...24 months later this city's streets are becoming a very interesting market for the Chinese.
The American market is insignificant for Chinese EVS manufacturers
We should tax the dollar. Any country that buys a product made in China will have to pay a 5% dollar overprinting tax if it uses US dollars. It's the only language they understand.
So what happens to capitalism and free market.only with africa and latin america the USA want to compete.
BTW, European were manufactuing cars in the 1800sl Ford wasn't the first to do so.
Ford was the first one which mass produced car with assembly lines.
@@DragonYang01yeah same answer for Apple’s iPhone
Let me expand Mr. Walker's statementof it would be very hard for US to compete without Tariffs: The industry would need to spend huge capital and would need government subsidizes which would be suffered by all citizens for decades. Only the future generations would compete and enjoy the fruit of current generation's sacrifices! Would the current generation vote for it?
The big change is that the US is locked into win/lose consciousness, while the rest of the world has moved to win/win consciousness.
When win/lose encounters win/win, it often turns into lose/win.
This has been happening since 2013, and is intensifying.
I thought the Germans invented the automobile.
No problem increase import tax by 55% and we protect local companies
How many Chinese EVs imported to US annually? Less than 20k - comparing to millions export, this doesn't mean anything to Chinese car makers. Several Chinese car makers already said they will not enter US market. Another point of view, how many German, Korean, Japanese EV imported to US every year? Why don't sanction them? Oh, because it's not about US automaker's employees, I see - it is ONLY a GAME for election huh. : )
It ain't the EV, AI, high tech competition, Protectionism, unilateral sanctions, dangerous containment, proxy wars, or even battle of ideology like Communism vs Democracy; what is killing Amerikkka is our political system can no longer cope with the challenges of ecological threats and global economic restructuring as Western hegemony and racist Colonialism finally reaches its end. Our institutions are inadequate, or laws are overly complex and counter productive, our legal system is insanely convoluted and unjust, and worst, our electoral system prevents any changes even when we all know what we need to do. By default, our political system and those who gets into office prevents any adjustment or course correction. It's literally like the last days of the Ching Dynasty when those in power only care about themselves staying on the throne, and not the country. I'm sick to my stomach.
Decadence, corruption and ossification at the end of empire/dynasty.
Happened to every empire/dynasty.
Thank you!
Keep up with the protectionism of your uncompetitive industries and lets see if you're ever gonna learn to produce world beating products that can compete with the best out there.
Then put tarriffs on Toyota Subaru and Hyundai and KIA too. Lets be really fucking fair now.
我们应该对美元征税，任何国家使用美元购买中国商品，都必须多付5%作为过度印钱税。这是他们唯一能听懂的语言。
Not, global, but it will save the local market.
No EV cars from china sold in usa anyways
Capitalist angry at captalism.
Imagine that :D
The Patterson Car Company was pre-dates Ford
💙. Thanks .💙
*Westerners:
Reincarnated🐣
Zombie 👻
inquisitorss👻
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✌️✌️✌️
Because the muricans doesn't know how tariff works LOL. If they did, they've been burning capital hill down hahahaha
If you think the tariffs are the ways to influence the EV Industry, you are not seeing the political issues in Western countries.😢 it's misinterpreted, 😢
You work for the Global Times, right?
the problem is that under the current US political system, no politician can think long term, no politician can admit own mistakes, no politician can speak truth if it is not the voters want to hear… it is sadly a systematic issue which cannot be resolved under the current US political system. If you want the political power, you want to be elected, you basically have to lie about everything favoring the direction where you get potentially more votes. it doesn’t matter if it hurts American people or society for long term as ultimately those politicians are self centric and power hungry…
@wj82liz, The problem is racism. Only Western exceptionalism by white people allowed - no Asians. U$ cannot get over that a non-white nation can out compete and surpass the Western world. Sanctions, tariffs and demonizing China is all U$, EU and vassels can do. They cannot compete with China. The U$ and EU are in decline. Karma has come to U$, EU and vassal states.
We have the exact same problem here in Australia, the U.S.'s Deputy Sheriff.
Same problem in UK also. It seems democracy is failing its citizens.
Yankees dont have any pride in their country?
Yankees have LOADS of pride and arrogance in their country - far too much, forgetting that "pride goes before a fall". You can have pride in your own work and what has been achieved before but never forget not to allow that same pride to hinder your own desire to keep progressing and keep improving. One of the greatest failure in having too much pride is when one doesn't see any need to keep changing and improving because what ever for if one is already "Number 1"? THAT, is the danger.
Biden and co. what are you doing? There's no EV vehicle for sale in America, anyway. Election is really here😂😂😂😂. Will auto workers vote for you? Nope, they're all unemployed now. Bidenomics killed their jobs😂😂😂😂
hahah muon thang thi phai hoi lisa quai thoi DDD
Hongkong freedom country salute 🌎🌎🌎🌎 History
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Let's understand competion with Chinese Chacteristics.
1 The CPC gives masive subsidies
2 The CPC holds down factory wages too poverty level
3 The CPC allows industrail pollution
4 PRC auto companies have very low R & D costs due to technology transfers both voulintarly and non-- voulintarly
Let me get your facts straight:
1. CPC gave massive subsidies, but so other countries such as US and EU. In fact, the moment Biden announced the 100% tariff on Chinese EV, he also announced subsidies to US companies on the very exact same EV industry in US.
2. As for wages for thr factory in China, it is determined by each and individual factories, not CPC, and since there are many foreign factories there if the wages are below poverty level, it is at the fault of those factories, not government. But, looking at China's population wealth in general, it is safe to say that most factories offer enough wages for its people to live a decent life.
3. Well, we are talking about China being the leader in green tech and US government is the one preventing its own population to be part to improve environment by adopting affordable green tech such as Chinese EV. So what do you mean by CPC allows industrial polution? Btw, those polution is made with older Europe/US tech, so they had to make do with it, but we can clearly see that they make a lot of effort to improve, unlike the No Action Talk Only (NATO) boss (USA).
4. Can you prove that they spend little R & D just because of tech transfer? If so, why do their tech is now actually more advance than any other countries? I believe tech transfer does not enable you to surpass the tech creator, unless you also spend a lot of money in R&D to improve the existing (transferred) tech.
@@geraldkohar Haters will always hate and will always invent vitriol and excuses against those that they hate.
Excellent presentation
good job us