US Gov't: We want full EV and ban IC engines very soon Also US Gov't: Wait not yet we haven't spent billions funding ideas on how to capitalize on our future schemes
The US auto industry already exists. Friendly countries like Korea make EVs and batteries in the US. Tesla/Rivian also make EVs in the US. No need for China. And even the solar panel supply chain is starting up again with help from the IRA. It keeps China out of the US market. China can sell anywhere else they want.
im in my 60s and want to buy a BYD NIO xpeng etc...more advance AND affordable! gm ford google apple msft tesla qualcomm intel cisco etc have been SPYING ON US for the govt and insurance corp for 30 yrs! US subsidize, sanctions, tariffs, grants ALWAYS increase US made vehicles....WHY? corp welfare hurts consumers at point of sales and taxes!
When they said "National Security", "Privacy", increasing tariffs. The actual meaning is to protect the interests of oligarchs, capitalists, and politicians.
Just make a law that government workers and sub- contractors can’t buy Chinese cars… ..but okay for lower working class people…..because they need affordable cars……. A high-school teacher making $60K/year can’t afford $40K Tesla…. A Lyft driver will benefit from a $11K electric car since it gets good mpg… A food vendor will benefit from swapping his food-cart for an affordable electric food-van……etc…
@@ZayStacks-e9q That is why you make it a law……income based EV purchased based on Tax-filings….and DMV registration.. Violators will get IRS fines ….and wage garnish.
@@mj3.14 who told you we're only working 4 days a week? Cause they are wrong. I'm working 6 sometimes 7 days a week. Fight to get a holiday off only to have to work 12hr days to make up for it.
@@mj3.14 I worked for a company in Australia that is supposed to have working hours from 9am to 5pm, 5 days a week. However, in reality, I have been working from 6am to 8pm 5 days a week and then, on Saturdays from 8am to 1pm (unpaid). Sometimes, my work required me to take stuff home from the office to work in my own off-hours to meet the schedules set by upper management.
@@zdiddy4u I have cousins living in the US and he has to work three jobs just to survive. I am puzzled why if the US workers works hard, then why are they losing to their Chinese counterpart?
@@malharpathak4941I agree but it is what it is, BYD will end up out pacing Tesla and essentially forcing the US to compete or be ignored outside the US.
@@malharpathak4941 bro we subsidized the hell out of Tesla. As well as our other combustion car companies AND the oil and gas industry. It would be the same as the US accusing others of spending too much on their militaries.
I just came back from Thailand. Saw lots of Chinese cars there. People are happy with their Chinese cars. And the air is getting better. Was in Bangkok 30 years ago Couldn’t walk two blocks without getting sick because of the smoke. Very polluted back then. So these EV thing is working. Make it affordable so more people will use it
As a foreigner I know much more about Chinese cars. Believe me, if tomorrow the Chinese were allowed to organize an auto show of their EV and hybrid cars in New York or Los Angeles, Detroit bosses would lock the doors of the factories and turn off the lights. And the Chinese would not bring concepts, these would be cars that you could buy right away.
Whenever the US is confronted with a product they are unable to compete with, you start hearing phrases like "it's a threat to our "national security" "😅
Yes, China government makes room for Telsa to the degree that their own domestic car industry envies. Local governments compete to win Telsa factories over to increase employment of workers. So U.S. government should do the same.
I bought a Tesla Model X in 2023, we have a acquisition tax(purchase tax) free policy, so even it's a U.S build and import EV car, I still got the tax free(acquisiton tax=car tag price/11.7), my Model X is 898,000 CNY(nearly 130,000 USD) so I've got a 76,700 tax free as a disconut. But from Jan. 1st, 2024, the acquisition tax free policy going to 2nd stage, if you buying a EV car, you can get a discount for acquisition tax up to 30,000 CNY(4200 USD). after Jan. 1st, 2026, it will be the 3rd stage the discount down to 10,000 CNY(1,500 USD), after Jan. 1st, 2028, there wiil be no discount for acquisition tax. Back to few years ago, when Tesla bring them U.S made(import) Model 3 as around 500,000 CNY(70,000 USD) after tax, BYD just LOL :" Look at our same size car, just for 350,000 CNY(50,000 USD)." After around 2-3 yeart, Shanghai Giga Factory starting made Model 3 and Model Y, and the price starting at 240,000 CNY(35,000 USD), BYD got FK up. In 5 years after Shanghai Giga Factory started, Tesla sold over 80,000 Model 3 and Model Y per MONTH in China local market, the reason is Tesla have the great "3-electronic system"(we call it in Chinese, I think it should have a offcial name in English) the "3-electronic system" is electronic motor, battery pack, and electronic control system. Even in 2024, our new EV company said "Tesla is the top, we're still trying to catching up". No matter is Li auto, NIO, XPeng, and Xiaomi. But in this year, Tesla sold MY and M3 down to 50,000 pre month, because our brand is much more improving in quality, price,and intelligently. Why Chinese brands are improving so fast, the reason is catfish effect and Industry involvement. When tesla bring Shanghai Giga factory, the catfish effect started. The cake size of the EV car market is 1,500,000 per year in China market(For example), if you want more cake, you can only get it from other company.
Why can't I buy an 11k Chinese car? I thought I was in a free and democratic country 😂 Please just let go those incompetent, greedy legacy carmakers...
So China allows Chevrolet, Ford, Tesla, Chrysler etc to sell in China. It the US doesn’t allow Chinese brands to be sold in the US?… So much for free enterprise…
You should take an economics course, lad. Safeguards against dumping have always existed, and dumping is what the Chinese are doing with these EVs. The bottom line is that if a major company is dumping, which is selling below cost of manufacture, does that mean the make of car will be discontinued. Will the manufacturer then try and recoup by holding the owner hostage and heavily hiking the price of replacement parts and repair? Why are the Chinese not buying these cars? You come across as a silly arts student who thinks he is a big time leftie.
Very true. The US is basically kept afloat by the fact that everyone else is trading with the dollar, that's why they're so afraid of a project like BRICS. Right now they basically "print" as many dollars as they want to fund their eternal wars across the globe, at the expense of everyone using the dollar for transactions.
@@yuugenr7549 Nothing illegal about that. All done by the consent of the senate. What should be illegal but is not is fractional banking... where banks can lend more money than they have... effectively printing money and causing inflation.
American here. I would love to see Chinese EVs everywhere here for affordable prices. My entire life I have seen cars go from something that was affordable for most people, into basically a luxury item only for the upper classes. Something has to change. I hope China can rescue us from these greedy capitalists and corrupt politicians.
Both countries heavily subsidized EVs. The difference is, subsidies in China resulted in good EVs for low prices, while subsidies in the US resulted in crappy EVs that are increasingly unaffordable.
I personally don’t see how the Chinese EVs can be sold in the US. I’ve looked pretty extensively at the models they are making and the engineering behind these cars aren’t even minimally acceptable under current US car safety regulations. I think I’d be sweet to have cheap EVs here, but nothing I’ve seen coming out of China is going to be cleared on US roads. Tariffs are fine and all but I don’t see the point if you can’t use the current merchandise anyway. Looks like classic political posturing to me. I’m not spending 45 grand on a new EV in the US and I’m not buying a 10 grand life size model of an EV I can’t get registered. Maybe cars get deregulated for China but I somehow doubt republicans or democrats will run on that platform lol. China wants to sell cars here badly but the quality is too substandard. Crumple zones, cell deterioration, panel quality and defect stock per 1000 are all not even close to qualifying. It’s likely people will die in a crash at 35 mph into a pole with these cars. I want cheaper EVs but it is what it is :(
@@Ckola775ohh buddy you have no clue what hat you’re talking about most Chinese EVs are rated 5 stars in the euro ncap, American manufacture is way below in quality to that in China, Tesla is buying byd batteries because they’re safer…
I now live in Central America. Chinese cars are everywhere, at reasonable prices. I rented a few Chinese cars, I was impressed with the exterior and interior fit-and-finish. If Chinese cars are imported to the U.S., it would be a nail in the coffin for all U.S. and Japanese car manufacturers.
Nah it wouldn’t be it depends how reliable they are also competition is good for any industry the us and others would have to also work harder to be better and prices fall in response to
It wouldn't be the end of the day for othe auto makers. Just inspires competation and some better will evolve, on every side. China opens its market and let foreign auto dominated for decades. Believe in mankind and its innovation. Human will preveil, not conturies.
Maybe in the future, the United States will become a poor country, and South American countries will become rich countries. In this way, it will become "people in poor countries use low-quality and expensive cars, while South Americans use cheap, high-quality cars."
Imagine an entire sub continent of 75 IQ people. A sub continent of people who have to be told not to dump their dead into the local water supply. A sub continent of people so dirty that even the Chinese comment on how filthy the place is. Now imagine people from that sub continent get access to the internet and making comments about stuff they know nothing about. Yes thats you.
United States didn't complain about "overcapacity" when China was making jeans and Nike shoes. Funny how they whine about it constantly now with China moving up the value chain.
If you understood patent rights, you would understand the issue, but you don’t so you fail to grasp the reality. It’s illegal to sell patent infringement constructed vehicles in America. China does not recognize patent rights, therefore their vehicles are not coming to America.
CATL and BYD are the ones filing the patents first these days… Problem is half of the US presidents tend to be against innovation and especially anything that hurts their fossil fuel donors.. we are now playing catch up in batteries
@@tjhessmon4327 you are a consumer, and yet you are speaking for your government. the politicians don't want china to succeed, but consumers should want cheaper prices.
@@tjhessmon4327 More meaningless coping jibber jabber. Prove that Chinese EVs use American patents when battery tech is dominated by China, LOL. Also, nice goalpost shift from overcapacity to concern trolling about patent rights.
I drive a Polestar 2 for rideshare here in the US and almost every passenger asks about it because they love the way it looks, drives, is 100% electric, and is NOT a Tesla. Their reaction to learning its co-owned by Chinese parent company Geely is mixed; so I just tell them its an electric Volvo and they are pretty happy with that response.
I love my P2 it's a great car. I also refer to it as a Volvo spinoff (which is is). Most people are too ignorant to understand that Volvo & Lotus are also 'Chinese companies' now.
@@Reahreic Most don't keep up with who owns what, not that they are too ignorant. Your P2 btw is in the toilet as far as resale goes! I am a used dealer and saw a fwd single motor plus bring under 30k USD with 5800 miles on it at the wholesale auction a couple weeks ago. Go CHINA!!!
Hi. As a regular Canadian consumer, I would love to see affordable Chinese EVs in our market. Good or bad, let the market decide. I am tired of politics and only want the best value for my hard earned dollars.
After the introduction of Chinese vehicles in Australia, the prices of both EV and ICE vehicle have dropped, and consumers are the beneficiaries of competition (including those people who have not bought Chinese vehicles).
Video like this will never mention the key elements of China's success: hardworking and education. Behind those new Chinese EVs are millions well trained engineers and highly disciplined workers.
@@klexypuncher6963 It should also be emphasized that the roofs of these factories are filled with photovoltaics, and a considerable part of their power supply is self-sufficient.
@@bwofficial1776 The backwardness of the United States is that there are too many people like you who don't want to make progress, but always want to spread rumors and seriously hurt others. The Chinese don't care what you are talking about, they will look at you like a fool and continue to do their own thing.
@@bwofficial1776 Absolute nonsense. There's quite a few Chinese EVs being sold in Western countries that meet the safety standard. eg; BYD and MG are big here in New Zealand.
I am so happy I made productive decisions about my finances that changed forever. I'm a single mother living in Vancouver Canada, bought my first house in October and hoping to retire soon if things keep going smoothly for me
Everyone needs more than their salary to be financial stable. The best thing to do with your money is to invest it rightly, because money left for saving always end up used with no returns.
The US has shipped millions of good paying, middle class manufacturing jobs to China. When is enough, enough? If the US is concerned, it should be. Remember...China only cares for itself, as one would expect.
It's well earned. China is the enemy of freedom and wants to conquer the world economically and militarily. They steal everything and blame everyone else when they get called out. The CCP needs to be isolated.
The US will say oh we want to save the planet, we want more electric cars, the main issue now is the cost, then china comes up with 10k electric car and so the US wants to ban them because they can't compete 😂
Do a little bit of homework on how green China is making all those EV cars. They are doing 10x more damage than anything and electric car would save. They have no clean ground water anywhere in China over 95% of it is severely polluted with heavy metals. Look into China more you will see its all a facade they are not our friends they are the enemy to our way of life.
No, they want to ban them because Chinese doujin (their version of social media) is *FULL* of videos where EV's spontaneously burst into flames, have problems with electronics (such as airbags don't deploying) that causes road accidents, as well as other problems such as glued-on parts where the adhesive loses its function. *The cars are cheap, because they don't care for quality.*
Only in America do they think 'Over Capacity' is a bad thing. Over capacity means lower prices for consumers. Capitalists can't have that. China will fix it.
We have that now here. Michigan speedway was just about covered with Ford trucks around the track and all over the infield. Manufactures are running out of places to store them.
@@scrambler69-xk3kv The myth of F-150 is dead. Long live the king [F-150]. Unless for farming or army-type operations, F-150 is finished. Hence the..' 'queues'' at every single dealer in US.
No one understands basic economics, that is why we live in Tariff World. You know, the original proposal for the INCOME TAX was that the working man would be spared the regressive tax of tariffs. How's that working out for the working man ?
Trust me, many are really gullible so these Anglo-Saxon media propaganda always works…China and its products are not enemy to the American middle class.
It would be reasonable for USA introduce the same rule as China had: if China want to sell cars in USA it must be produced in the USA by company which 50% belongs to USA government, it would be fair
@@erdemguven5445 It would. And China would then pull out of the US and move on to other more lucrative markets: ones that _couldn't_ afford US cars but can afford Chinese ones. And there're plenty of those all over the planet. The PRC can still turn out a nice profit even if they lost the US market. It's that exact same reason why the US could barely sell cars in the PRC: 50% PRC ownership _reduces_ the cost of production and distribution within the PRC. And apparently the US is selling less and less cars there, mainly because there're a _lot_ more affordable local ones available.
It's staggering how little the Chinese subsidies are compared to how much uproar they cause. BYD received $3.7B in subsidies and sells 3M cars a year. That's about $1200 per car. You give an American car maker $3.7B, and it won't significantly improve their competitiveness and productivity as we've seen countless times over the years. The US has provided a direct subsidy of $7500 per EV car sold and it hasn't brought nearly the same value as the BYD subsidies apparently have. I can't believe that a $1200 per car subsidy justifies a 100% tariff.
China spends over $30B/years in industry subsidies -- that's in addition to "purchase" subsidies (or tax credit) announced last year for another 4 years (2023-2027) with a budget of $72B.
@@tooltalk What's your source for the $30 billion in industry subsidies per year for the Chinese auto industry? As for the $72B subsidy, that's $18B a year. Since China sells 30M cars a year as per the video, that works out to about $600 a car. Even if you add in $30 billion a year (Again, I don't trust that number unless you provide a credible source) for a total of $48B a year, that's only $1600 per car on average. Considering that the US gives a $7500 direct subsidy per EV sold, that's peanuts.
@@celanian8188 Agree. By 2015 Musk had received $4.9B in subsidies, probably a lot more since then. In 1/2024 he said, "If no trade barriers are established, they (Chinese EV) will pretty much demolish most other companies in the world". After 100% tariff was imposed, the hypocrite verbalized that neither he nor Tesla asked for the tariff.
Since the promotion of domestic EVs in China, joint-venture automakers such as BMW, Mercedes-Benz, and Audi have reduced their prices by at least 20%. Brands like Hyundai and Kia, which were considered mid-to-low-end and not highly cost-effective, have virtually disappeared from the Chinese market. Now, everyone in China can afford cheap EVs. How about that?
I'm European, have lived in the US for 7 years and China for 14... I'm still driving my little Mazda 2 (assembled in China) but my next car will be a Chinese EV...And the choice here is staggering!
@rosskaske6357 You mentality helps me understand why US imposes 100% tariff on Chinese EV - if you can’t win a competition, you just turn to imposing tariffs, bad-mouthing and smearing your competitors.
NPCs when China gives subsidies: Communist state capitalism unfair trade practices 🤬 NPCs when US/EU gives subsidies: Protecting key industries and investing in future 🤗
The US has lost it. Americans (by which I mean citizens of the USA) are too preoccupied with trying to figure out what the difference between man and women might be.
The united states is okay with china manufacturing US designs, with US ownership of the manufactured products (Iphone, practically everything in walmart,etc). But china designs and chinese-owned products? Especially big ticket items like cars? No way Hosea.
It applies not just to the free market of things, but also to the free market of ideas; America has a prevailing orthodoxy that's quite sensitive to thoughtcrime, but it is irrelevant when the free market of ideas allows for a foreign competitor that disrespects your sacred cows and cuts right through its mental gymnastics and the buzz word forest it inhabits.
As a country, while we appreciate and encourage the free market, we have to balance it with the well-being of our own economy. You can think of it as the “oligarchy protecting their wealth,” but in reality we are trying to protect the thousands of workers that might be laid off. Decimating the American car manufacturers would for sure make a dent in the American economy, and after all the purpose of a country is to look out for its own citizens, right?
99% of the hard ware or even soft ware products. not 90%. food is made locally but the packaging is also made in china. Our tvs and iphones are also made in china. so I don't have an issue.
The Chinese government didn't just subsidize Chinese EV brands. In fact, Tesla also received hundreds of millions of dollars in subsidies from China. The EV competition in the Chinese Domestic Market is actually very harsh, and only competitive companies like BYD and Tesla survive in the CDM of EVs.
The actual reason behind this was the air pollution 10 years ago. To resolve the air pollution, the Chinese government saw the EV is the solution to the problem. The problem was indeed resolved as you can see blue skies anywhere in China. Due to this, the booming of the EV industry is the result and unstoppable. Many countries experience the air pollution the same as China. They have the answer already, why refuse it! It is good for the entire world. The US policy is very short sighted and will be left behind as time goes, and get polluted and people pay high prices for dated cars , so sad!
@@kezhouwang1884 Don't be sad for them. They transferred the most polluting industries to China and other parts of the world to solve their pollution problem. Looks like they have no choice but to endure the pollution problem while other countries are getting rid of it.
I personally can't wait till Chinese cars overtake the American market. It needs to happen asap. I've been to China many times and was blown away by how cool and comfy their cars are. I don't want to buy garbage American made GM, Ford, Chevy and Chystler for 70k that can't even last 90,000 miles. We can't make great cars, let the Chinese show us how it's done.
Previously, i owned 2 Tesla. But after low quality and expensive maintenance, i sell it and now owned 2 BYD. Cheaper but the quality is much more better than Tesla.
3 years later you'll be regretting owning that car. BYD entered Aus market quite some time ago and it's owners are already suffering. I work at an automotive shop and customer came in to get a new battery for his car just after 10months of use because that doesn't fall under BYD warranty. Unfortunately he couldn't get the battery which avg around $200 because BYD doesn't want aftermarket batteries in their car and they a quote of $450 for battery replacement. This is the 12v lead acid battery I'm talking about not the Li-ion batteries. Yes EVs have acid batteries in them too.
@@gurugulab1414 I guess they are doing short trip and using EV mode all the time, engine seldomly used, then the 12V battery died. In China, they are driving rideshare with BYD, it's hold up well. My friend told me his car only turned on it's engine couple times a year since it has a 100km battery mileage, surely it's bad for the 12V battery.
That's impressive that Ford made a 2012 Escort, I thought production stopped in 2003. You should buy that Escort, it's probably some concept car that wasn't supposed to be released. It'll also be a lot safer than that $9k Chinese EV because it has to comply with safety standards and it will last a lot longer.
The US need to focus on building more EV charging stations instead of trying to block Chinese EV vehicles potentially being sold here in the US. China has proven that they are the global leader in EV vehicle production.
There is no overcapacity problem at all. If we open up to this price and performance in US, there will be a shortage of supply. I need to dump my older cars quickly to make room for the new EVs. Hope they come here soon.
@Booz2020 I vote for Ford Escape and hope the Hybrid is back. I own a Toyota RAV4 Hybrid but rented a Ford Escape for my national park road trip last year. Other than Escape is no longer hybrid, the driving experience and android auto integration are far superior than my RAV4.
Exactly, the reason EV's are stalling out in the USA/Europe is they all went premium upmarket, driving up the cost. More than half the country can't afford a +$50k car, but a $32K EV will sell like crazy.
Here is the thing: only American automakers would see China's auto industry as a threat. The consumers see it as an alternative to overpriced American cars. I would say let these big companies figure out the competition - let the consumers benefit from this.
Exactly, if Americans save with cheaper transportation, instead of 80k vehicles, we can deploy our other capital to new innovations or advancing the next great innovation (on the consumer side).
The problem is that EVs cost more to produce than customers are willing to pay for them and the communist Chinese government subsidizes those loses for their auto manufacturers. US auto manufacturers can't make EVs cost competitive and be safe and reliable without charging for them.
@@freetolook3727 US gov gives the auto industry a lot more than China, in Australia EVs and ICE cars for the same type of car is the same price and in a lot of types of cars EVs are cheaper than ICE. We don't have any subsidies on EVs even though the Australian government gave billions to ford and GM over the years. I would take the communist Chinese government over the genocidal so-called democracy of the USA. I've lived and travel in both China and the US as an Australian.
@arunevaiciulyte7805 ah yes Its not like Tesla recently recalled cybertrucks because of a fatal design. Also ford/GM have always been and always reliable right? what a joke of a comment
US & UE : China has to invest more in green energy to reduce the carbon emissions china : Ok. we will subsidy all EV so people choose to buy EV instead of ICE also US & UE : WAIT. THAS UNFAIR
😂😂 anything that is different from their opinion is “unfair.” The irony and double standard. Let’s be real here, USA is the one who is constantly “spying” and poking its nose into other country’s affairs (Vietnam, Afghanistan, etc.) - that is what a “real communist/dictator” does. A communist hiding behind a democratic cover.
Domestic competition in China is too fierce. Dozens of car companies are engaged in a price war. New products will have a big improvement almost every once in a while, but the prices will be lower. Competition brings motivation. The technological improvement is really visible to the naked eye!
im american and we are all broke here and cant afford $50K for a car. most of us share an apartment or live in bus. china offers us $10K for a EV car. china please come to usa and help us americans.
Lmfao you aren't an American. "Live in bus", yeah, what's your first language? Chinese? Most Americans can't afford 50k cars but we buy them like mad. We're doing great here. You're doing fine in your country, too, but only because we allow it.
Eventually America would be "dream land" to null EV manufacturing land pretty soon. In Australia which has free trade with cars import saw their domestic car manufacturing dropping to complete Zero level. #Holden
@@prabuvit1For ever, many countries does not make cars bcz they are not able to make good cars. they accepted it as it is. If US can not make good EV, them follow suit.
No one has "SLAPPED" China with a singel tariff. The U.S. consumers are paying the tariff to the federal government. I hate it when people intentionally mistate the obvious.
@@alancrane9762 Freedoms????? Chinese have facial recognition for buying a metro ticket or a soda from a vending machine They even have some stores where you are scanned biometric/facially and the items are charged on your account as you leave the store bypassing the need for a checkout counter We are getting to the point we have to ask some teenager to unlock a toothpaste cabinet to buy toothpaste Or we are too afraid to shutdown stores or be called racist to a certain demographic Because some folks walk into those stores take items and then bypass the checkout counters as well 🙄
@@alancrane9762 US had bailouts, subsidies, tax breaks, grants, tariffs, insurance, etc Its not even capitalism anymore.. its socialism for the RICH capitalism for the POOR. Overcapacity is the same a illegal dumping of products LOL if China can produce something the world NEEDS at a cheap price the PEOPLE WIN. problem is US corporations want to make BILLIONS for there CEO and investors. Tariffs are just another TAX on the PEOPLE
"No one has 'SLAPPED' China with a single tariff." The U.S. government has in fact put a 100% tariff on the import of Chinese EVs, as the news item says. The tariffs are real. I am having trouble understanding your confusion.
Which is going to happen. Even with 100 percent tariffs. They are better made vehicles would be just a little cheaper if not the same price as American produced cars. The only threat I see is American Jobs being lost only because we can't make a competitive product.
@@justbecause9645 If not now then soon. EVs are simpler to engineer than conventional ICE vehicles. They already have zero problems manufacturing flagship smart phones and they have a lot of experience making batteries and high-end electrical motors. Their automotive manufacturing know-how is evolving rapidly.
@@justbecause9645China’s auto industry learned from the United States a couple decades back, and are now improving upon them with better technology. If you think China’s cars are “badly made”, consider U.S. cars first.
Live in Costa Rica. Lawyer here with clients mostly from USA. Often show my clients my chinese MG RX8 for 7 passengers at $54k here, or my MG One with 3 screens and many features for $30K. My wife drives MG HS $45k. All gasoline, 5 star EuroNcap and even with our high import taxes my clients get amazed for level of equipment and turbo engines. They keep telling me about how expensive cars in the US have gotten now. MG also sells nice electric vehicles here.
So you are getting money from Americans clients but want them to have less jobs why don't you go for Chinese clients instead of Americans Chinese clients are richer thanks to their exports so go with Chinese clients
Even if US keeps rejecting Chinese cars, car makers in other countries, say Japan and Germany, will have better products to compete with Chinese cars anyway, so what's the plan for US then? Put a 100% tariff on them all?
Are you aware that Korean, Japanese and EU manufacturers sell and compete against US companies in the US market? Unless, you think they'll have an entirely different lineup for the US (which is dumb). The US will face competition without giving China more money than needed.
"Some consumers worry for privacy." If chinese auto makers sold horses and became successful, then "some consumers are now worried that the horses were trained for espionage."
They keep saying the Chinese government will/is spying on the American people, but all the times is proved an government spy on them is the American government doing it. 😂😂💀
The Chinese have the same fears about U.S. cars. That is why they ban Teslas wherever Xi Jinping goes. If they are worried about that, it probably means that they do it to us.
Wow 3.7billion dollars? That's almost 1/10th of the yearly subsidies US auto gets. Look I'm not saying the US shouldn't protect it's industries, it should. however if you consistently shelter US auto and bail them out every financial crisis they'll just become uncompetitive why else do you think every US auto company is pulling out of every foreign market? And I can't believe in the same breath US auto.says consumers don't want small electric EVs for an affordable price so we'll ramp down production, will say we need to put a 100%! Tariff on those exact vehicles do consumers want it or not??? Schrödingers consumers??
Most of that tax breaks and subsidy money went to increase the compensation packages and golden parachute severances for executives of the automotive industry, stock buy back initiatives, and campaign donations to politicians to keep Middle Class taxpayer money flowing into their pockets.. With whatever left over being used for daily operations with no investment in increasing efficiency. This is why corporations depend on buying small startups to improve.
Jack Welch took ge from a manufacturing powerhouse and turned it into a money gouging manufacturing midget and took a massive salary. Then Welch taught imelt, nardelli (Chrysler), mcNierny (Boeing)….. how to make themselves rich and just about bankrupt the companies they were working for.
As a consumer currently in America. I don’t find high value proposition for American cars. When I go buy a car my ranks are Japanese cars, then Korean, then European. American car seems to me not as high in values or qualities. The Toyota effect is real, enough with the politics and let the product sell themselves.
@@bahamatoddEven as an Indian I would not prefer that. No one benefits from it in the long run. Following the Japanese style partnership with China as said in the video would be a start. That being said the US brought this on themselves, along with its auto industry.
Over capacity of -dollar- Over capacity of -military- -equipment- Over capacity of -military- -base- Over capacity of -Internet- -ecosystem- Over capacity of -iPhone- Over capacity of -Chipset- SMFH
The difference is, these things arose naturally. The iPhone and chip designers in the US have not received meaningful subsidies to become this large. China spends somewhere around 1.5 and 5% of its GDP on industrial subsidies every year, depending on how you count. This is the primary reason why Chinese EVs are so much cheaper. Apart from that, Chinese cars have absolutely no technological edge over American, or Korean, or German, or Japanese, etc.
@@JeffPar50, if the United States is constrained by ideology and fragmentation and factionalism in it's political system and psyche of its leaders and power elites not to embrace industrial policy, that is up to the United States...
After a government bailout of CNN estimated at the time $130 billion to American car manufacturers in 2008. And a further $12 billion from the government in subsidies Just last year alone. One country spent a decade and a half borrowing relatively free money and spent it on new acquisitions , stock buy backs and big executive payouts and bonuses. On the other hand another other country invested billions in research and development for next generation vehicles, sourcing and building key material and logistics supply chains. Now that we can't compete as usual we simply change the rules. What i once learn in economics as competitive advantage, has now changed in Europe and America to mean over capacity. Furthermore, Chinese cars with cameras are now "a threat to national security" at the same time there are hundreds of thousand of Telsas sold on Chinese roads every year each with 6--7 cameras, i haven't heard the Chinese complaining about tesla cars being spies, its laughable ridiculous. If nothing changes in the next few years sadly we'll see this as a constant reoccurring story, mainly in emerging technologies such as AI, Silicon and photonic chips, 5G applications, energy harvesting in wind, solar, waves and other technologies.
The United States imported approximately 70,000 made-in-China Ford, Volvo, GM new vehicles in 2023 (By the way, China exported a total of 4.91 million vehicles in 2023, the United States only accounts for 1.4% of China’s auto export market share and almost no chinese brand ). No Chinese domestic car manufacturers have taken the initiative to officially sell their cars in the US. 102.5% tax on Chinese EVs， Go ahead. That must “hurt” China a lot. The US is not the center of the world. 30 094 767 new cars were sold in China in 2023 ( 8.1 million of them were electric vehicles ) , meanwhile only 15 604 278 new cars were sold in the usa (1.4 million were EVs). The US is expected to subsidize Tesla with $34 billion between 2023 and 2030. This isn’t even including the other subsidies that Tesla is going to receive from previous policies. Meanwhile, the Chinese government has subsidized BYD between 2018 and 2022 with the whopping “massive amount” of $ 3.7 billion. So the American company got subsidized 10 times more than the Chinese company, out of the $119 billion in battery subsidies GM got about $21 billion, the truth is the US regime is subsidizing their electric vehicles way more than China is. On November 30, 2023 GM announced record $10 billion stock buyback, more than it’s spending on UAW raises- as its electrification push stalls (Source Bloomberg). That share buyback from General Motors was just q4 of 2023, $10 billion, they get $20 billion in subsidies and they spend $10 billion giving that money back to shareholders. The money isn’t going to innovation like it should, the money seems to go these bloated bureaucratic corporations where they take the money give it to shareholders or give it to executive bonuses or management teams that don’t know how to build a car, get so complicated convoluted they just can’t do business competitively anymore. They don’t need to, instead of being forced to be competitive, being forced to actually spend the money on R&D and producing a high-quality product, they just put a 102.5% tariff on anybody that they cannot compete.
Cite your sources and you might have an argument. Another thing you didn't address is the disparity in labor costs between the USA and China due to forced labor by the CCP, giving their products an unfair advantage. I would LOVE to see $15K EVs selling in the US, but not on the backs of children forced into slavery.
@@PETERJOHN101 Children? Why don't you interview Musk, and ask him how children can be involved in the production of automobiles. Automobile manufacturing requires engineers, designers, industrial robots, but never child labor.
@@PETERJOHN101 I can’t believe you called him to cite the sources. Like who give a fk about you Mr BS. Forced child labor to make cars? What a brilliant idiot. 🤡🤣
Allow them in the U.S. to sell their automobiles. If all of legacy auto goes under then that’s their own fault for sitting on their hands and not innovating. Do better America.
Nice sentiment. Unfortunately, when we are done shipping all of our good-paying manufacturing jobs to China, you can tell the non-existent middle class how it sucks they lost their jobs to an autocratic society.
Don't count America out quite yet. We are also very good at manipulation of markets and we still have the largest economy and standard of living on the planet. We can complete. I say let them come. I for one do not fear China. It will be good for capitalism and competition and drive down cost
@@doujinflip China is 30 years ahead of the Americans, at the pace we're going, and limiting availability of practical options is only going to harm to general economy.
😆 Soon Chinese parents will look at their children at dinner time and say ： "If you don't study hard, you will only be able to drive a Mercedes-Benz and a BMW in the future."
Let's start by educating American that tariff is taxation on the consumers. Any government will be glad to take your money as long as you are willing to pay.
I just came back from China, and I have to say, their big ESUVs are very impressive. They're roomy, stylish, comfortable, luxurious, and best of all, reasonably priced.
@@hellman9655 Using that old dried up statement won't fix the problem. When you only have so much money because the min wage is abysmal, you still need wheels to get to work. Our public transportation system sucks. The Chinese were listening to our experts when our own car companies poo-pooed the EV.
@@Trashed20659 minimum wage jobs used to be for high schoolers looking to earn pocket money. The trades are in desperate need of people, no excuse not to move up. Btw minimum wage is about 15 -20 dollars now. Thats 35-40k.
@@AapigI am, and it’s great to have the competition from Chinese cars. Tesla’s in Australia are now the second cheapest market due to this competition mainly from BYD
@@timeattackmonsters if the car are cheaper and better why should I pay more for a car that is worse and more expensive ? If Americans can’t compete with the price at least compete with quality
That is anti-capitalism!!! Lol. This is the reason OUR elite hate CHINA and try to turnish their name! Free market never existed in USA. USA never believed in Free market!
This video doesn't seem to want to talk about how ridiculous new car prices are here in the US. It makes the length of the loan much longer and feels like a mortgage rather than a car loan. By the time the car is paid off it has lost most of the value. I just went through this and I will never buy new again if price don't go down substantially
BYD was the first company to be able to release a hybrid with a fuel range of 2000km! If the car was to be sold here, you can drive from Los Angeles to New York on a single refill. Starting price is $13,775. Even with the 100% tariff, Uber drivers and consumers would still be an attractive proposition.
The government doesn't contribute to this problem in any way, they are just cluelessly watching from a distance to what is happening. The big three are currently teaming up with the petrol giants against the ev revolution the motto being if we can't catch up let's bring them down to our level. So I don't see how you include Tesla in that mix. They are one of the only firms that could stand up against the chinese ev storm, as they scale up they bring down prices as well, but instead of at least providing a level playfield to them, the government just watches them being hampered with a storm of bs spewed out by the petrol lobby.
Isn't competition good? Why can't the US compete with China? The US bailed out Detroit car makers in 2008 but are quick to blame Chinese government for subsidies.
A few years ago, I heard someone explain that for an $12,000 car to be made in the USA, the average worker would need to be paid $3.27 an hour. Other things related to your question: It takes roughly 4 billion dollars to build, tool, and staff a modern car factory. That's a lot of money to lay down, when the cost of energy, labor, and raw materials are at the whim of whoever is President. China does not have those problems.
The automotive ecosystem (including direct, indirect and induced value added) drives more than $1 trillion into the U.S. economy each year - 4.9 percent of GDP. By most metrics what would be built in America, if you say who can do it cheaper.
@@compugasm its neither of other countries problem that supply chains and production tech in USA so inefficient so it can only produce cheap cars only if cut salaries to the ground.
@@compugasm Modern Chinese factories are almost completely run by robots, there are a few workers and engineers scattering around the factory but their salary doesn't impact the cost that much. The true strength of companies like BYD is reducing cost by vertical integration. China owns the supply chain of any industry related to automobile. Us doesn't. So it can't design, prototype, and mass produce cars as time-efficient and cost-efficient as China does.
American companies cannot compete bc American govt is not competent. When Chinese govt were planning and nurturing the next up and coming industries, US govt is too busy allocating funds to things that don't matter. Like funding the 800 military bases around the world. That money can be used to fund all types of subsidies for American companies. So now, to cover up their own inefficiencies American govt blames China for their miseries.
to mocked Chinese EV's safety is laughable... Chinese EV cars are being sold very well and become a market leader in Thailand, Malaysia, Singapore, Mexico, Brazil and even Australia... only because a merican can't buy them, doesn't mean those Chinese EV are not good
BYD has less than a 5% market share in Singapore for 2023. It's likely true that for low income buyers where the choice is a Chinese EV or a tuk-tuk, the Chinese EV will seem like a good choice. But few people who could afford a Toyota, Honda, BMW or Ford would buy a BYD.
@@jackuzi8252 Ummm BYD competes against Toyota, Honda, Ford etc in China, and grew its sales from just 400,000 to 2020 to likely 4 MILLION by the end of 2024. There are PLENTY of people who can afford Toyota/Honda/Ford/VW/Stellantis/Hyundai went decided to buy the BYD instead.
@@tren133 The majority of the PRC population remains significantly lower-income than in Western countries. Also, the PRC government has exerted social pressure on its population to buy "new energy" vehicles. China is a major oil importer, which is a strategic weakness--by converting transportation to grid power, China reduces its vulnerability. These factors will not apply elsewhere.
When a nation can only resort to sanctioning, imposing tariffs, and trying to contain another country's rise, it essentially sends a message to the world: "We can't fairly compete, so we will now resort to trying to stop your growth."
No it is called protecting our business because the only who is funding this is the Chinese government and this is a desperate attempt to save their economy. The problem is they're stuff is crap and then we end up having to have it all in our landfills. None of their s*** that you buy from Tumo or ship directly from China instead of through a US company matches any of our safety requirements. Meanwhile Chinese cars are flooding EU port and sitting there. No one want to buy them because they are so poorly made. But unless those car meet our safety standards it is a big no.
You can get amazing BYD/MG/SAIC EV hatches in Australia for as low as $30K AUD after state subsidies. The warranties are great - MG's is 8 years Unlimited KM for both car and battery and its transferable. I got a second hand 2022 MG SUV EV for 27k AUD and it has a LFP battery, plus 6 years of warranty. I never thought the EV market would be better outside the US.
In Canada, a 100% tariff has been imposed on Chinese electric vehicles, following in the footsteps of the U.S. However, Canada doesn't even have a domestic EV industry, making this decision especially questionable. Ultimately, it will be the consumers who end up shouldering the cost. The government's approach adds to the heavy tax burden Canadians already face. Such policies may discourage the adoption of green technologies, as the increased costs will hinder consumers' ability to afford these environmentally friendly vehicles.
Here in Brazil, the government raises taxes to protect local factories too. That's why BYD and GWM bought two factories to produce here and Chery already produces in the country with a joint venture. There are Chinese cars everywhere in Brazilian cities.
first of all what is the communist, i think lots of European countries is more communist countries than any other. face it, US wants to beat up any one who is getting close to its level, japanese companies/French companies, chinese companies, doesnt matter.
I am not sure I would qualify any EV made in China as a good product. China is known for profit over quality especially when the company is run by the Chinese. Just wait 5 years from now and you will see most of these Chinese EVs in your local junkyard or landfill.
Everything about the USA is about stopping competition whilst also claiming they support competition and capitalism. Look at Japan, and Europe. Once the USA see you’re doing better they immediately start tariffs.
Not matching what China does against American and other foreign companies there just makes us a pushover. If anything we’ve been gracious for too long.
The world learnt from Chinese gov who put tariffs on everything if they just don't like your words on certain topics over human rights, Taiwan or Tibet...
Shhhh. You are not suppose to know this. Only think Chinese surveillance as reported by Fox News everyday. Your opinion is form by the news media you watch. Young people are more knowledgeable and have analytical skills these days through access to more media outlets.
US has this known habit of playing the "victim" card... when other countries do it its a problem, but when they themselves do it than its always "justified".
Agree with US should do the same thing China did with western brands decades ago. But this requires humility to recognize that we have something to learn from China. And this is made impossible by main stream media and politicians who convince people that the only reason to the success of China is cheating and unfairness.
This is the model that every country and company should do with a foreign brand. China's model is being followed closely by developing emerging 3rd worlds that are tired of colonialism and who want a better life for themselves. Their people look to China and not towards the USA. In their eyes, the China model has beaten and solved the colonialism problem. Just have them partner with a local firm. If big oil partners with a local firm, then the foreign investment can come into the country to exploit its resources. Same for Dole fruit or the rubber industry.
It is true that we can learn from China, our workers need to adopt a Chinese work ethic, and not that it is the best one in the world. (Ours used to be) Contaminating Chinese factories built in the US with US labor practices would result in similar issues that American car companies face. The main edge that Chinese companies have over US ones is the lower labor cost but that will not continue forever.
@@pianobench6319Sounds like Chinese access to the US market and dollars will thus depend on American firms owning a controlling stake and possibly government minders on the board, just like they force on American companies there.
I think Trump already suggesting to have Chinese EV companies building factories in America and hiring American workers. So, if he's elected, that might happen. Who knows? A clown like him can change his mind quicker than a person change their daily underwear.
"Overcapacity" is just another way of saying "US can't compete with China".
We offshored car manufacturing to the intelligent Asian countries decades ago. Keep your garbage spyware 😂
The US did not fund a domestic EV industry with government (i.e. the people's) money.
US Gov't: We want full EV and ban IC engines very soon
Also US Gov't: Wait not yet we haven't spent billions funding ideas on how to capitalize on our future schemes
@@jackuzi8252 the government gives huge tax breaks to Tesla, so yes, they did.
Another way of saying "you're not allowed to overtake us. It's fine when we have an overcapacity and monopoly but it's evil when you have that"
In 2012 Obama tariffed Chinese solar panels to the tune of 250%. Currently China makes 80% of the world’s solar panels. How did that work out?
The US auto industry already exists. Friendly countries like Korea make EVs and batteries in the US. Tesla/Rivian also make EVs in the US. No need for China. And even the solar panel supply chain is starting up again with help from the IRA. It keeps China out of the US market. China can sell anywhere else they want.
CCP bot
because they can sale to other countries and still make happy money...
The US can't limit china from thinking smart, eventually US will give in.
im in my 60s and want to buy a BYD NIO xpeng etc...more advance AND affordable! gm ford google apple msft tesla qualcomm intel cisco etc have been SPYING ON US for the govt and insurance corp for 30 yrs! US subsidize, sanctions, tariffs, grants ALWAYS increase US made vehicles....WHY? corp welfare hurts consumers at point of sales and taxes!
Why cant the US focus on improving ourselves, rather than stopping others' progress?
Meanwhile, we destroy our middle class. Hard pass for me.
We can't compete with China period! We have no choice but to protect what little industry we have left or it's over for us. It's that simple
回顾一下两次世界大战前西方国家的作为。y are who y are
因为政客的权力斗争比老百姓的民生问题更重要！你们只是资本家眼里的养分提供者
@@konfujie1387 True.
When they said "National Security", "Privacy", increasing tariffs. The actual meaning is to protect the interests of oligarchs, capitalists, and politicians.
Just make a law that government workers and sub- contractors can’t buy Chinese cars…
..but okay for lower working class people…..because they need affordable cars…….
A high-school teacher making $60K/year can’t afford $40K Tesla….
A Lyft driver will benefit from a $11K electric car since it gets good mpg…
A food vendor will benefit from swapping his food-cart for an affordable electric food-van……etc…
@@jimliu2560they won’t because people will stop buying over priced cars
@@ZayStacks-e9q
That is why you make it a law……income based EV purchased based on Tax-filings….and DMV registration..
Violators will get IRS fines ….and wage garnish.
Don't know about capitalists, but certainly the auto industry in general, and unions in particular.
@@jimliu2560now a days *minghong S3 sports powered by solar EVs* are every where in falls Church ....just for 1500$ fifteen hundred usd😂
It's hypocritical for an American to criticize auto industry subsidies when their government provided over $12 billion in subsidies just in 2023.
And bailed out Detroit in 2008 crash
Have you heard 996? Chinese workers work 9am to 9:00pm everyday 6 days a week. US car workers demanded a 40% pay raise and work only 4 days a week.
@@mj3.14 who told you we're only working 4 days a week? Cause they are wrong. I'm working 6 sometimes 7 days a week. Fight to get a holiday off only to have to work 12hr days to make up for it.
@@mj3.14 I worked for a company in Australia that is supposed to have working hours from 9am to 5pm, 5 days a week. However, in reality, I have been working from 6am to 8pm 5 days a week and then, on Saturdays from 8am to 1pm (unpaid). Sometimes, my work required me to take stuff home from the office to work in my own off-hours to meet the schedules set by upper management.
@@zdiddy4u I have cousins living in the US and he has to work three jobs just to survive. I am puzzled why if the US workers works hard, then why are they losing to their Chinese counterpart?
The kings of free market are now afraid of the free market system.😂
State subsidies aren't free market.
You got it backwards. The kings of a Constitutional Republic. The politicians fear the people, not China, and the UAW is a powerful union.
@@malharpathak4941I agree but it is what it is, BYD will end up out pacing Tesla and essentially forcing the US to compete or be ignored outside the US.
@@malharpathak4941 yet Tesla received more subsidies than BYD lmao
@@malharpathak4941 bro we subsidized the hell out of Tesla. As well as our other combustion car companies AND the oil and gas industry.
It would be the same as the US accusing others of spending too much on their militaries.
I just came back from Thailand. Saw lots of Chinese cars there. People are happy with their Chinese cars. And the air is getting better. Was in Bangkok 30 years ago Couldn’t walk two blocks without getting sick because of the smoke. Very polluted back then. So these EV thing is working. Make it affordable so more people will use it
if they can bring over a $25-30k car, they will corner the market, it's game over
Thailand had to be capable of handling the electricity to charge EVa
EV cars make less noise than ice ones.
Atleast put some effort in. To not. completely. Sound like a bot. My dude.
But what if they raise the price once they conquer the market and there is no competition?
As a foreigner I know much more about Chinese cars. Believe me, if tomorrow the Chinese were allowed to organize an auto show of their EV and hybrid cars in New York or Los Angeles, Detroit bosses would lock the doors of the factories and turn off the lights. And the Chinese would not bring concepts, these would be cars that you could buy right away.
Whenever the US is confronted with a product they are unable to compete with, you start hearing phrases like "it's a threat to our "national security" "😅
We run the world and many countries want our business so yes we have the right to say what we want and what benefits us…..😎💪🏽
I mean Chinese dominance in such a market is a threat to anyone.
@@Jreddygo when you cant even run your country right 🤣
@@Jreddygo ofc it's a trucker 🤣
Ccp bot found
Actually China government used to offer subsidies for Tesla buyers too. They really encourage people to buy EVs.
byd now!
Yes, China government makes room for Telsa to the degree that their own domestic car industry envies. Local governments compete to win Telsa factories over to increase employment of workers. So U.S. government should do the same.
You are selling fear toward China, while they only want to present affordable good EV cars to American buyers. Let consumers decide.
China's subsidies to the auto industry treat all companies equally. Tesla is also heavily subsidised.
I bought a Tesla Model X in 2023, we have a acquisition tax(purchase tax) free policy, so even it's a U.S build and import EV car, I still got the tax free(acquisiton tax=car tag price/11.7), my Model X is 898,000 CNY(nearly 130,000 USD) so I've got a 76,700 tax free as a disconut. But from Jan. 1st, 2024, the acquisition tax free policy going to 2nd stage, if you buying a EV car, you can get a discount for acquisition tax up to 30,000 CNY(4200 USD). after Jan. 1st, 2026, it will be the 3rd stage the discount down to 10,000 CNY(1,500 USD), after Jan. 1st, 2028, there wiil be no discount for acquisition tax. Back to few years ago, when Tesla bring them U.S made(import) Model 3 as around 500,000 CNY(70,000 USD) after tax, BYD just LOL :" Look at our same size car, just for 350,000 CNY(50,000 USD)." After around 2-3 yeart, Shanghai Giga Factory starting made Model 3 and Model Y, and the price starting at 240,000 CNY(35,000 USD), BYD got FK up. In 5 years after Shanghai Giga Factory started, Tesla sold over 80,000 Model 3 and Model Y per MONTH in China local market, the reason is Tesla have the great "3-electronic system"(we call it in Chinese, I think it should have a offcial name in English) the "3-electronic system" is electronic motor, battery pack, and electronic control system. Even in 2024, our new EV company said "Tesla is the top, we're still trying to catching up". No matter is Li auto, NIO, XPeng, and Xiaomi. But in this year, Tesla sold MY and M3 down to 50,000 pre month, because our brand is much more improving in quality, price,and intelligently. Why Chinese brands are improving so fast, the reason is catfish effect and Industry involvement. When tesla bring Shanghai Giga factory, the catfish effect started. The cake size of the EV car market is 1,500,000 per year in China market(For example), if you want more cake, you can only get it from other company.
Why can't I buy an 11k Chinese car? I thought I was in a free and democratic country 😂 Please just let go those incompetent, greedy legacy carmakers...
And that price is all I can afford as a poor student... I'm so angry at those rich old politicians...
@@Sep-ty9hl And you actually can get a very decent car for that 11k price, better than most 20k+ Japanese cars.
@@001sepwsp Japanese brands are going bankrupt...both in product and credibility aspects...
Because those cars are not following safety standreds are badly made and last are bootlegs of EU and American models they are illegal to sell.
@@l-ox6ctHm no you are thinking of Chinese cars.
So China allows Chevrolet, Ford, Tesla, Chrysler etc to sell in China. It the US doesn’t allow Chinese brands to be sold in the US?…
So much for free enterprise…
free market，very。very。free
Because everything US says, they do & mean exact opposite.
It’s not meme, it’s their government policy or something now legit
why doesn't China allow Japan and South Korea to compete in China's local EV battery market (since 2015)?
@@LGQ-p1f Just go read the WSJ, or any mainstream media from Japan or South Korean between 2015-2020
You should take an economics course, lad. Safeguards against dumping have always existed, and dumping is what the Chinese are doing with these EVs. The bottom line is that if a major company is dumping, which is selling below cost of manufacture, does that mean the make of car will be discontinued. Will the manufacturer then try and recoup by holding the owner hostage and heavily hiking the price of replacement parts and repair? Why are the Chinese not buying these cars? You come across as a silly arts student who thinks he is a big time leftie.
The US has overcapacity in dollar printing.
Very true. The US is basically kept afloat by the fact that everyone else is trading with the dollar, that's why they're so afraid of a project like BRICS. Right now they basically "print" as many dollars as they want to fund their eternal wars across the globe, at the expense of everyone using the dollar for transactions.
They have illegally printed 34 trillion dollars
And selling weapons
@@yuugenr7549 Nothing illegal about that. All done by the consent of the senate. What should be illegal but is not is fractional banking... where banks can lend more money than they have... effectively printing money and causing inflation.
Cry
As an American myself, I would love to purchase a Chinese made EV soon. I can't wait. Why should we be stuck with inferior and expensive products?
You are crazy...or a Chinese bot. Not sure which is more absurd.
Tesla model 3&y are made in Shanghai
Tesla is finished. The writing is on the wall 😂
Well said bro
th-cam.com/video/tmOtWGkCz5c/w-d-xo.htmlfeature=shared
American here. I would love to see Chinese EVs everywhere here for affordable prices. My entire life I have seen cars go from something that was affordable for most people, into basically a luxury item only for the upper classes. Something has to change. I hope China can rescue us from these greedy capitalists and corrupt politicians.
我是中国人，跟您的体验相反，哈哈。汽车在中国之前是一个十分昂贵的物品，但是现在越来越便宜了。
Seriously we need them
I think it's already too late. Nothing will change. America is in the terminal stages of Capitalism. It's only gonna get worse from here.
Maybe they could red dawn the USA and liberate americans from their corporate tyrants.
Contrary to the U.S, where only the elite could afford cars in China, now they have become accessible to households across the country
They US media says EV demand is dying. If that is true why can't US citizens buy these "un-wanted" EVs?
You bought one…didn’t you 😂
I want one.
@@BuckHart-oj8gt FIRE!
EV is dying even further wheen they're forced to buy extremely expensive EV cars from US and EU.
People cant afford them. Obsolete big 3 with overpaid slow
employees and pension liabilities.
Both countries heavily subsidized EVs. The difference is, subsidies in China resulted in good EVs for low prices, while subsidies in the US resulted in crappy EVs that are increasingly unaffordable.
wrong
Thanks comrade. How is the slave, child and prison labor markets of Communist China doing?
I personally don’t see how the Chinese EVs can be sold in the US. I’ve looked pretty extensively at the models they are making and the engineering behind these cars aren’t even minimally acceptable under current US car safety regulations. I think I’d be sweet to have cheap EVs here, but nothing I’ve seen coming out of China is going to be cleared on US roads. Tariffs are fine and all but I don’t see the point if you can’t use the current merchandise anyway. Looks like classic political posturing to me. I’m not spending 45 grand on a new EV in the US and I’m not buying a 10 grand life size model of an EV I can’t get registered.
Maybe cars get deregulated for China but I somehow doubt republicans or democrats will run on that platform lol. China wants to sell cars here badly but the quality is too substandard. Crumple zones, cell deterioration, panel quality and defect stock per 1000 are all not even close to qualifying. It’s likely people will die in a crash at 35 mph into a pole with these cars. I want cheaper EVs but it is what it is :(
@@Ckola775ohh buddy you have no clue what hat you’re talking about most Chinese EVs are rated 5 stars in the euro ncap, American manufacture is way below in quality to that in China, Tesla is buying byd batteries because they’re safer…
你真的了解中国电车吗
I now live in Central America. Chinese cars are everywhere, at reasonable prices. I rented a few Chinese cars, I was impressed with the exterior and interior fit-and-finish. If Chinese cars are imported to the U.S., it would be a nail in the coffin for all U.S. and Japanese car manufacturers.
Nah it wouldn’t be it depends how reliable they are also competition is good for any industry the us and others would have to also work harder to be better and prices fall in response to
Be glad you never tested the airbags.
It wouldn't be the end of the day for othe auto makers. Just inspires competation and some better will evolve, on every side. China opens its market and let foreign auto dominated for decades. Believe in mankind and its innovation. Human will preveil, not conturies.
@@colin1991niloc China was just stealing IP. No better way to steal IP than from the inside. Problem is, china cuts corners.
@robertkubrick3738 I think the air bag is between your ears
Image poor countries people use cheap high-quality cars while Americans use low quality expensive cars.
No need to image. It's a reality
Maybe in the future, the United States will become a poor country, and South American countries will become rich countries.
In this way, it will become "people in poor countries use low-quality and expensive cars, while South Americans use cheap, high-quality cars."
They basically become Cuba 😂
Never mind, US is rich. They can afford.
Imagine an entire sub continent of 75 IQ people. A sub continent of people who have to be told not to dump their dead into the local water supply. A sub continent of people so dirty that even the Chinese comment on how filthy the place is. Now imagine people from that sub continent get access to the internet and making comments about stuff they know nothing about.
Yes thats you.
You can't put a 100 % tariff on a product and call it "competing"
You can't pay your people a dollar a day while USA pays union wages, healthcare unemployment, workman's comp. And call it competing
US when they get tariff placed on their companies: 🤬😠
US when they tariff other countries competitive products: 😇
United States didn't complain about "overcapacity" when China was making jeans and Nike shoes. Funny how they whine about it constantly now with China moving up the value chain.
If you understood patent rights, you would understand the issue, but you don’t so you fail to grasp the reality.
It’s illegal to sell patent infringement constructed vehicles in America. China does not recognize patent rights, therefore their vehicles are not coming to America.
CATL and BYD are the ones filing the patents first these days…
Problem is half of the US presidents tend to be against innovation and especially anything that hurts their fossil fuel donors.. we are now playing catch up in batteries
@@tjhessmon4327it’s a joke , live in your lies
@@tjhessmon4327 you are a consumer, and yet you are speaking for your government. the politicians don't want china to succeed, but consumers should want cheaper prices.
@@tjhessmon4327 More meaningless coping jibber jabber. Prove that Chinese EVs use American patents when battery tech is dominated by China, LOL. Also, nice goalpost shift from overcapacity to concern trolling about patent rights.
I drive a Polestar 2 for rideshare here in the US and almost every passenger asks about it because they love the way it looks, drives, is 100% electric, and is NOT a Tesla. Their reaction to learning its co-owned by Chinese parent company Geely is mixed; so I just tell them its an electric Volvo and they are pretty happy with that response.
I love my P2 it's a great car. I also refer to it as a Volvo spinoff (which is is). Most people are too ignorant to understand that Volvo & Lotus are also 'Chinese companies' now.
this cracked me up
And now’s there an polestar 4 which is based on a Chinese platform and designed in China
@@Reahreic Most don't keep up with who owns what, not that they are too ignorant. Your P2 btw is in the toilet as far as resale goes! I am a used dealer and saw a fwd single motor plus bring under 30k USD with 5800 miles on it at the wholesale auction a couple weeks ago. Go CHINA!!!
What's a rideshare?
Hi. As a regular Canadian consumer, I would love to see affordable Chinese EVs in our market. Good or bad, let the market decide. I am tired of politics and only want the best value for my hard earned dollars.
Shut your mouth 50 cent soldier
True that. Tariffs are not the solution to our problems
the problem is we consumers pay the tariffs, not CHINA! Period!
After the introduction of Chinese vehicles in Australia, the prices of both EV and ICE vehicle have dropped, and consumers are the beneficiaries of competition (including those people who have not bought Chinese vehicles).
You do not want Unions.
Most Americans don’t want US to stop Chinese cars. If we can get the same type of EV cars at half the cost, I’m all for it. That’s capitalism.
I own a BYD EV. Top notch. Very well built.
BS
ccp boy toy.
Lucky you
Video like this will never mention the key elements of China's success: hardworking and education. Behind those new Chinese EVs are millions well trained engineers and highly disciplined workers.
And modern slavery and intellectual property theft, don't forget those.
@@bwofficial1776 When you can't compete over your rivals, the most easy way to do it is to start a rumor be like:
Most of these chinese factories are automated. Go update yourself and move on from the old perception of cheap labor or slave labor.
@@klexypuncher6963 It should also be emphasized that the roofs of these factories are filled with photovoltaics, and a considerable part of their power supply is self-sufficient.
@@bwofficial1776 The backwardness of the United States is that there are too many people like you who don't want to make progress, but always want to spread rumors and seriously hurt others. The Chinese don't care what you are talking about, they will look at you like a fool and continue to do their own thing.
“They can sell EV’s Cheaper then the cheapest fuel burning car” THATS WHAT WE WANT!!!!!
And it'll be as safe as a golf cart.
@@bwofficial1776 Absolute nonsense. There's quite a few Chinese EVs being sold in Western countries that meet the safety standard. eg; BYD and MG are big here in New Zealand.
@@bwofficial1776not true. These cars went through extensive testing to ensure their safety.
@@bwofficial1776 cry harder....
@@bwofficial1776 you must be American...😂
I am so happy I made productive decisions about my finances that changed forever. I'm a single mother living in Vancouver Canada, bought my first house in October and hoping to retire soon if things keep going smoothly for me
Everyone needs more than their salary to be financial stable. The best thing to do with your money is to invest it rightly, because money left for saving always end up used with no returns.
I'm happy for you
I’m looking for something to venture into on a short term basis, I really need to create an alternate source of income
Kate Mellon Bruce is not just my family’s financial advisor, she’s a licensed and FINRA agent who other families in the US employs her services
She's active on face book @
Have you ever seen the Americans get so anxious when ever China is mentioned ? Is like instant panic mode
LOL. I notice that too. It's like they can't think straight when they here the word, "CHINA." This is when you know they're losing.
The US has shipped millions of good paying, middle class manufacturing jobs to China. When is enough, enough? If the US is concerned, it should be. Remember...China only cares for itself, as one would expect.
It's well earned. China is the enemy of freedom and wants to conquer the world economically and militarily. They steal everything and blame everyone else when they get called out. The CCP needs to be isolated.
Cuz we know they whooping our ass 😂
😅China is the new redscare boogeyman
when you can't compete, you complain
cant compete? national security !
National security? Please elaborate. @saijujiwara
Sad ....
Slave labor against your union job. Okay become a slave with no rights like in china.lol
@@TheOverThinker92 We dont want the fire balls in our country. Rice balls okay joe.
The US will say oh we want to save the planet, we want more electric cars, the main issue now is the cost, then china comes up with 10k electric car and so the US wants to ban them because they can't compete 😂
Didn't Chrysler, Buy Japan's Motors, & The USA Fund Chrysler $$$$$$$s ? 😅
Lol
Do a little bit of homework on how green China is making all those EV cars. They are doing 10x more damage than anything and electric car would save. They have no clean ground water anywhere in China over 95% of it is severely polluted with heavy metals. Look into China more you will see its all a facade they are not our friends they are the enemy to our way of life.
Double standards. 😂😂😂😂😂. Remember there is a 600 Million Middle Class population in China, so they don't need the US Market.
No, they want to ban them because Chinese doujin (their version of social media) is *FULL* of videos where EV's spontaneously burst into flames, have problems with electronics (such as airbags don't deploying) that causes road accidents, as well as other problems such as glued-on parts where the adhesive loses its function.
*The cars are cheap, because they don't care for quality.*
That’s why air in China is now so much cleaner. Unimaginable a few years Ago
That is because Chinese are Chinese first, businessmen second.
It's still bad
Only in America do they think 'Over Capacity' is a bad thing. Over capacity means lower prices for consumers. Capitalists can't have that. China will fix it.
there is no overcapacity, China is producing as much and as fast as it can because the world's demand for EV cars is huge for years to come.
We have that now here. Michigan speedway was just about covered with Ford trucks around the track and all over the infield. Manufactures are running out of places to store them.
@@scrambler69-xk3kv The myth of F-150 is dead. Long live the king [F-150]. Unless for farming or army-type operations, F-150 is finished. Hence the..' 'queues'' at every single dealer in US.
They doing exactly same stuff for real estate market . This days US way more communist then China
Please don’t destroy our industry 😢
If you know some basic economics, you won't call this as "overcapacity".
No one understands basic economics, that is why we live in Tariff World. You know, the original proposal for the INCOME TAX was that the working man would be spared the regressive tax of tariffs. How's that working out for the working man ?
Trust me, many are really gullible so these Anglo-Saxon media propaganda always works…China and its products are not enemy to the American middle class.
If you know some basic economics and or business and marketing then you would know many tactics that are anti competitive
It would be reasonable for USA introduce the same rule as China had: if China want to sell cars in USA it must be produced in the USA by company which 50% belongs to USA government, it would be fair
@@erdemguven5445 It would. And China would then pull out of the US and move on to other more lucrative markets: ones that _couldn't_ afford US cars but can afford Chinese ones. And there're plenty of those all over the planet. The PRC can still turn out a nice profit even if they lost the US market.
It's that exact same reason why the US could barely sell cars in the PRC: 50% PRC ownership _reduces_ the cost of production and distribution within the PRC. And apparently the US is selling less and less cars there, mainly because there're a _lot_ more affordable local ones available.
It's staggering how little the Chinese subsidies are compared to how much uproar they cause. BYD received $3.7B in subsidies and sells 3M cars a year. That's about $1200 per car. You give an American car maker $3.7B, and it won't significantly improve their competitiveness and productivity as we've seen countless times over the years. The US has provided a direct subsidy of $7500 per EV car sold and it hasn't brought nearly the same value as the BYD subsidies apparently have.
I can't believe that a $1200 per car subsidy justifies a 100% tariff.
China spends over $30B/years in industry subsidies -- that's in addition to "purchase" subsidies (or tax credit) announced last year for another 4 years (2023-2027) with a budget of $72B.
@@tooltalk What's your source for the $30 billion in industry subsidies per year for the Chinese auto industry?
As for the $72B subsidy, that's $18B a year. Since China sells 30M cars a year as per the video, that works out to about $600 a car. Even if you add in $30 billion a year (Again, I don't trust that number unless you provide a credible source) for a total of $48B a year, that's only $1600 per car on average. Considering that the US gives a $7500 direct subsidy per EV sold, that's peanuts.
@@celanian8188
Agree.
By 2015 Musk had received $4.9B in subsidies, probably a lot more since then.
In 1/2024 he said, "If no trade barriers are established, they (Chinese EV) will pretty much demolish most other companies
in the world". After 100% tariff was imposed, the hypocrite verbalized that neither he nor Tesla asked for the tariff.
they'll say anything to justify their actions. they have no credibility in anything.
@@Placid_Catthey are not on the US consumers side that is for sure.
Since the promotion of domestic EVs in China, joint-venture automakers such as BMW, Mercedes-Benz, and Audi have reduced their prices by at least 20%. Brands like Hyundai and Kia, which were considered mid-to-low-end and not highly cost-effective, have virtually disappeared from the Chinese market. Now, everyone in China can afford cheap EVs. How about that?
哈哈，这也很有意思，如果你想买宝马、奔驰、奥迪，你也可以选择支持中国车企，毕竟，事实就是中国车企让传统车企降价了。
Over capacity just means billionaires can't artificially create scarcity anymore to inflate prices
100% true! Like they did during the pandemic.
That is what are doing that in Canada right now.
Well yes but everything is expensive
❤Precisely
exactly!
I’ll be honest, I recently went to the Beijing auto show, and competitive is not the correct word they genuinely far exceed us
I'm European, have lived in the US for 7 years and China for 14... I'm still driving my little Mazda 2 (assembled in China) but my next car will be a Chinese EV...And the choice here is staggering!
You are a bot, just like most other comments here.
Lucky you
@@rosskaske6357 其实你只需要一张机票，就能验证评论里是否是机器人。 我是中国人，试驾了国内主流的十多款车型，除了特斯拉有一定竞争力外，基本没有其他品牌在电动车领域是中国品牌的对手，我自己准备买一辆理想汽车L6。
@rosskaske6357 You mentality helps me understand why US imposes 100% tariff on Chinese EV - if you can’t win a competition, you just turn to imposing tariffs, bad-mouthing and smearing your competitors.
NPCs when China gives subsidies: Communist state capitalism unfair trade practices 🤬
NPCs when US/EU gives subsidies: Protecting key industries and investing in future 🤗
“No matter how tall the mountain is, it cannot block the sun.”
@@IgorSilva-mz1lm The cave do
Depends on where you're standing. Usually, the poor class view.
well said
“Korea and Japan are our allies, so we can coerce them into always being subservient to us”😂😂😂
did you hear that too?
😂
@@davidgmaloofChina is the king of the world bro. Cope
@@davidgmaloof he literally said it himself, you deaf bro?
@@buravan1512 he really be saying the quiet part out loud on live tele lol
@@johnc1873 Wow. Like 1.4 billion Jack Dawsons running around!
Bring them on! US auto makers need a lesson!
A lesson in bankruptcy? A lesson in massive unemployment?
lol yeah thats how it works
@@Birdylockso yes
@@Delanoay u are right
@@Birdylockso you are a paying customer, not a charity. If your fellow americans can't make a good cheap car, let them suffer for it
The US has lost it. Americans (by which I mean citizens of the USA) are too preoccupied with trying to figure out what the difference between man and women might be.
It's a free market until it challenges the domestic oligopolies.
The united states is okay with china manufacturing US designs, with US ownership of the manufactured products (Iphone, practically everything in walmart,etc). But china designs and chinese-owned products? Especially big ticket items like cars? No way Hosea.
It applies not just to the free market of things, but also to the free market of ideas; America has a prevailing orthodoxy that's quite sensitive to thoughtcrime, but it is irrelevant when the free market of ideas allows for a foreign competitor that disrespects your sacred cows and cuts right through its mental gymnastics and the buzz word forest it inhabits.
It's free market until China owns all your land...
As a country, while we appreciate and encourage the free market, we have to balance it with the well-being of our own economy. You can think of it as the “oligarchy protecting their wealth,” but in reality we are trying to protect the thousands of workers that might be laid off. Decimating the American car manufacturers would for sure make a dent in the American economy, and after all the purpose of a country is to look out for its own citizens, right?
we need, love and want chinese BYD>
90% of the stuff I have in my house was made in China so I have no qualms about buying a Chinese car.
cannot say that, cars relate to safety, to our family lifes
@@shifttoyou mean like flying with a Boeing aircraft and I believe you mean lives.
@@shiftto BYD cars have the best safety among cars in the same price range
I hope your children will enjoy their future careers as Walmart greeters then.
99% of the hard ware or even soft ware products. not 90%. food is made locally but the packaging is also made in china. Our tvs and iphones are also made in china. so I don't have an issue.
The Chinese government didn't just subsidize Chinese EV brands. In fact, Tesla also received hundreds of millions of dollars in subsidies from China. The EV competition in the Chinese Domestic Market is actually very harsh, and only competitive companies like BYD and Tesla survive in the CDM of EVs.
The actual reason behind this was the air pollution 10 years ago. To resolve the air pollution, the Chinese government saw the EV is the solution to the problem. The problem was indeed resolved as you can see blue skies anywhere in China. Due to this, the booming of the EV industry is the result and unstoppable. Many countries experience the air pollution the same as China. They have the answer already, why refuse it! It is good for the entire world. The US policy is very short sighted and will be left behind as time goes, and get polluted and people pay high prices for dated cars , so sad!
@@kezhouwang1884 Don't be sad for them. They transferred the most polluting industries to China and other parts of the world to solve their pollution problem. Looks like they have no choice but to endure the pollution problem while other countries are getting rid of it.
I personally can't wait till Chinese cars overtake the American market. It needs to happen asap. I've been to China many times and was blown away by how cool and comfy their cars are. I don't want to buy garbage American made GM, Ford, Chevy and Chystler for 70k that can't even last 90,000 miles. We can't make great cars, let the Chinese show us how it's done.
Previously, i owned 2 Tesla. But after low quality and expensive maintenance, i sell it and now owned 2 BYD. Cheaper but the quality is much more better than Tesla.
Which byd models?
Which country you're from?
Says the Chinese bot that can't speak English
Hahahhahaahahahhaahahahahaha
Not your country thankfully
BYD just revealed a 1,200 miles hybrid car that can go from nyc to Miami without one fill up or charge. That tells all you need to know 😅
only 17000$ 👌
3 years later you'll be regretting owning that car. BYD entered Aus market quite some time ago and it's owners are already suffering. I work at an automotive shop and customer came in to get a new battery for his car just after 10months of use because that doesn't fall under BYD warranty. Unfortunately he couldn't get the battery which avg around $200 because BYD doesn't want aftermarket batteries in their car and they a quote of $450 for battery replacement. This is the 12v lead acid battery I'm talking about not the Li-ion batteries. Yes EVs have acid batteries in them too.
@@darkfantasydeep5575 And even if it's 34K, I'm still willing to buy it as my next car.
@@gurugulab1414 I guess they are doing short trip and using EV mode all the time, engine seldomly used, then the 12V battery died. In China, they are driving rideshare with BYD, it's hold up well. My friend told me his car only turned on it's engine couple times a year since it has a 100km battery mileage, surely it's bad for the 12V battery.
@@gurugulab1414 keep lying, Which BYD cars use lead-acid batteries?
$9,200 for a brand new EV?
Gezzz! My local dealership wants a 2012 Ford Escort with 113,000 mileage for $10,400!
I need them Chinese car asap!
That's impressive that Ford made a 2012 Escort, I thought production stopped in 2003. You should buy that Escort, it's probably some concept car that wasn't supposed to be released. It'll also be a lot safer than that $9k Chinese EV because it has to comply with safety standards and it will last a lot longer.
@@bwofficial1776 tooo easy
Show ncap ratings for byd plz . I ll wait
u forgot the taxes and registration and title, total is 14k
15000bucks you can buy a ev car with all packages
@@vicrt4983 I did
The US need to focus on building more EV charging stations instead of trying to block Chinese EV vehicles potentially being sold here in the US. China has proven that they are the global leader in EV vehicle production.
There is no overcapacity problem at all. If we open up to this price and performance in US, there will be a shortage of supply. I need to dump my older cars quickly to make room for the new EVs. Hope they come here soon.
@Booz2020 I vote for Ford Escape and hope the Hybrid is back. I own a Toyota RAV4 Hybrid but rented a Ford Escape for my national park road trip last year. Other than Escape is no longer hybrid, the driving experience and android auto integration are far superior than my RAV4.
Exactly, the reason EV's are stalling out in the USA/Europe is they all went premium upmarket, driving up the cost. More than half the country can't afford a +$50k car, but a $32K EV will sell like crazy.
Here is the thing: only American automakers would see China's auto industry as a threat. The consumers see it as an alternative to overpriced American cars. I would say let these big companies figure out the competition - let the consumers benefit from this.
But the politicians want the votes from these car unions.
Exactly, if Americans save with cheaper transportation, instead of 80k vehicles, we can deploy our other capital to new innovations or advancing the next great innovation (on the consumer side).
European car makers see it as a threat. Korean car makers see it as a threat. Japanese car makers? Well, what do you think?
The problem is that EVs cost more to produce than customers are willing to pay for them and the communist Chinese government subsidizes those loses for their auto manufacturers.
US auto manufacturers can't make EVs cost competitive and be safe and reliable without charging for them.
@@freetolook3727 US gov gives the auto industry a lot more than China, in Australia EVs and ICE cars for the same type of car is the same price and in a lot of types of cars EVs are cheaper than ICE. We don't have any subsidies on EVs even though the Australian government gave billions to ford and GM over the years. I would take the communist Chinese government over the genocidal so-called democracy of the USA. I've lived and travel in both China and the US as an Australian.
We looked down and made of Japanese cars when they first started then we made fun of Chinese cars.
Who is laughing now?!
Same with South Korean cars before like Hyundai and Kia.
Lies again? Carling Cup Class Chairman
@arunevaiciulyte7805 ah yes Its not like Tesla recently recalled cybertrucks because of a fatal design. Also ford/GM have always been and always reliable right? what a joke of a comment
@arunevaiciulyte7805 ??? Can you correct your grammar? I really don't understand what you are trying to say.
complacency is their own worst enemy
What happened to free markets? We need these evs now to clean up our air!
100% tariff to earn some votes from Union
Should be banned, Xitler poo lover
basically the American people are paying the tariff (TAX) to get a vote🤣🤣🤣
will they even vote for biden? and there are not that many union car workers.
the more you protect , the weaker your industry will be getting
That is the problem. They worked hard to get votes for themselves, not for the welfare of the people.
So we can buy just about anything from China but not cars? So much for the free market.
try to buy a house in china… go, try
@@TurdFergusen Foreigners can own properties in China, especially now. You know what I mean................
Car mfg. jobs are high paying middle class jobs. Do you want to lose more jobs to China?
The car is their only product that makes a big profit, how can they hand over the market to China?
because thats the few industry us had left lol
US & UE : China has to invest more in green energy to reduce the carbon emissions
china : Ok. we will subsidy all EV so people choose to buy EV instead of ICE
also US & UE : WAIT. THAS UNFAIR
spot on!
Absolutely. 10-15 years ago: China has to reduce carbon footprint. Now: sanctions on Chinese Solar panels and EVs. 😮
💯
😂😂😂
😂😂 anything that is different from their opinion is “unfair.” The irony and double standard. Let’s be real here, USA is the one who is constantly “spying” and poking its nose into other country’s affairs (Vietnam, Afghanistan, etc.) - that is what a “real communist/dictator” does. A communist hiding behind a democratic cover.
Domestic competition in China is too fierce. Dozens of car companies are engaged in a price war. New products will have a big improvement almost every once in a while, but the prices will be lower. Competition brings motivation. The technological improvement is really visible to the naked eye!
im american and we are all broke here and cant afford $50K for a car. most of us share an apartment or live in bus. china offers us $10K for a EV car. china please come to usa and help us americans.
Lmfao you aren't an American. "Live in bus", yeah, what's your first language? Chinese? Most Americans can't afford 50k cars but we buy them like mad. We're doing great here. You're doing fine in your country, too, but only because we allow it.
Eventually America would be "dream land" to null EV manufacturing land pretty soon. In Australia which has free trade with cars import saw their domestic car manufacturing dropping to complete Zero level. #Holden
@prabuvit1 - hmmm....
lmfao sounds like a bot.
@@prabuvit1For ever, many countries does not make cars bcz they are not able to make good cars. they accepted it as it is.
If US can not make good EV, them follow suit.
No one has "SLAPPED" China with a singel tariff. The U.S. consumers are paying the tariff to the federal government.
I hate it when people intentionally mistate the obvious.
Yeah, you tell 'em. China is the most free country in the world. If you don't believe that, then you'd be swiftly dealt with.🤣
@@alancrane9762
Freedoms?????
Chinese have facial recognition for buying a metro ticket or a soda from a vending machine
They even have some stores where you are scanned biometric/facially and the items are charged on your account as you leave the store bypassing the need for a checkout counter
We are getting to the point we have to ask some teenager to unlock a toothpaste cabinet to buy toothpaste
Or we are too afraid to shutdown stores or be called racist to a certain demographic
Because some folks walk into those stores take items and then bypass the checkout counters as well 🙄
@@alancrane9762 US had bailouts, subsidies, tax breaks, grants, tariffs, insurance, etc
Its not even capitalism anymore.. its socialism for the RICH capitalism for the POOR. Overcapacity is the same a illegal dumping of products LOL if China can produce something the world NEEDS at a cheap price the PEOPLE WIN.
problem is US corporations want to make BILLIONS for there CEO and investors. Tariffs are just another TAX on the PEOPLE
"No one has 'SLAPPED' China with a single tariff." The U.S. government has in fact put a 100% tariff on the import of Chinese EVs, as the news item says. The tariffs are real. I am having trouble understanding your confusion.
@@WG55China doesn’t pay the tariff. American consumers pay the tariff.
Imagine imposing 100% tariffs and still lose. 😂😂
Which is going to happen. Even with 100 percent tariffs. They are better made vehicles would be just a little cheaper if not the same price as American produced cars. The only threat I see is American Jobs being lost only because we can't make a competitive product.
🤣🤣🤣
@@jemcclain1 Better made???????
@@justbecause9645 If not now then soon. EVs are simpler to engineer than conventional ICE vehicles. They already have zero problems manufacturing flagship smart phones and they have a lot of experience making batteries and high-end electrical motors. Their automotive manufacturing know-how is evolving rapidly.
@@justbecause9645China’s auto industry learned from the United States a couple decades back, and are now improving upon them with better technology. If you think China’s cars are “badly made”, consider U.S. cars first.
Live in Costa Rica. Lawyer here with clients mostly from USA. Often show my clients my chinese MG RX8 for 7 passengers at $54k here, or my MG One with 3 screens and many features for $30K. My wife drives MG HS $45k. All gasoline, 5 star EuroNcap and even with our high import taxes my clients get amazed for level of equipment and turbo engines. They keep telling me about how expensive cars in the US have gotten now. MG also sells nice electric vehicles here.
8k ev
So you are getting money from Americans clients but want them to have less jobs why don't you go for Chinese clients instead of Americans Chinese clients are richer thanks to their exports so go with Chinese clients
MG cars are exquisitely crafted.
Even if US keeps rejecting Chinese cars, car makers in other countries, say Japan and Germany, will have better products to compete with Chinese cars anyway, so what's the plan for US then? Put a 100% tariff on them all?
Why? Haven't you looked Toyota's latest sales figure? Record profit, revenue last quarter?
@@tooltalk in traditional ice cars...
Are you aware that Korean, Japanese and EU manufacturers sell and compete against US companies in the US market? Unless, you think they'll have an entirely different lineup for the US (which is dumb). The US will face competition without giving China more money than needed.
I like Japan made cars.
Don't give them ideas, sheesh
"Some consumers worry for privacy." If chinese auto makers sold horses and became successful, then "some consumers are now worried that the horses were trained for espionage."
They keep saying the Chinese government will/is spying on the American people, but all the times is proved an government spy on them is the American government doing it. 😂😂💀
Straight from the horse's mouth.
@@rilmehakonen9688 America is already spying on you lol
What exactly do you have worth stealing, Karen. Shopping list, dress size?
The Chinese have the same fears about U.S. cars. That is why they ban Teslas wherever Xi Jinping goes. If they are worried about that, it probably means that they do it to us.
Wow 3.7billion dollars? That's almost 1/10th of the yearly subsidies US auto gets.
Look I'm not saying the US shouldn't protect it's industries, it should. however if you consistently shelter US auto and bail them out every financial crisis they'll just become uncompetitive why else do you think every US auto company is pulling out of every foreign market?
And I can't believe in the same breath US auto.says consumers don't want small electric EVs for an affordable price so we'll ramp down production, will say we need to put a 100%! Tariff on those exact vehicles do consumers want it or not??? Schrödingers consumers??
Most of that tax breaks and subsidy money went to increase the compensation packages and golden parachute severances for executives of the automotive industry, stock buy back initiatives, and campaign donations to politicians to keep Middle Class taxpayer money flowing into their pockets.. With whatever left over being used for daily operations with no investment in increasing efficiency. This is why corporations depend on buying small startups to improve.
Jack Welch took ge from a manufacturing powerhouse and turned it into a money gouging manufacturing midget and took a massive salary. Then Welch taught imelt, nardelli (Chrysler), mcNierny (Boeing)….. how to make themselves rich and just about bankrupt the companies they were working for.
Only if you believe American media.
USA just trying to protect union votes. US is uncompetitive due to UAW and expensive regulations.
Good point. Haven't heard any of these supposedly business reporters point this out.
This is so true. We're not accepting the unavoidable fact that they are doing better.
As a consumer currently in America. I don’t find high value proposition for American cars. When I go buy a car my ranks are Japanese cars, then Korean, then European. American car seems to me not as high in values or qualities. The Toyota effect is real, enough with the politics and let the product sell themselves.
Many vehicles from the Asian brands are still designed and built in the US. Those are also under threat from Chinese cars.
@@bahamatoddEven as an Indian I would not prefer that. No one benefits from it in the long run.
Following the Japanese style partnership with China as said in the video would be a start.
That being said the US brought this on themselves, along with its auto industry.
Ford #1 with recalls 😂
Korean cars are garbage
A lot of the American car loyalists are older. As the boomer generation dies out, so does ford, chevy, and GMs customer base.
Over capacity of -dollar-
Over capacity of -military- -equipment-
Over capacity of -military- -base-
Over capacity of -Internet- -ecosystem-
Over capacity of -iPhone-
Over capacity of -Chipset-
SMFH
And undertaking overseas misadventures every now and then.
WOOW you hit it on the nail ..
The difference is, these things arose naturally. The iPhone and chip designers in the US have not received meaningful subsidies to become this large. China spends somewhere around 1.5 and 5% of its GDP on industrial subsidies every year, depending on how you count. This is the primary reason why Chinese EVs are so much cheaper. Apart from that, Chinese cars have absolutely no technological edge over American, or Korean, or German, or Japanese, etc.
@@JeffPar50, if the United States is constrained by ideology and fragmentation and factionalism in it's political system and psyche of its leaders and power elites not to embrace industrial policy, that is up to the United States...
Americans Pay the Price of Tariffs. Its a Tax Hike.
th-cam.com/video/tmOtWGkCz5c/w-d-xo.htmlfeature=shared
Have to pay off that interest servicing the debt somehow.
Not if you aren't interested in buying a chinese car. Then it's free!
@@robertkubrick3738 affordable Chinese Car. You buy expensive American Car.👍
@robertkubrick3738 Yeah, if every American could buy a Rolls Royce, they wouldn't be interested in Chinese cars😂
After a government bailout of CNN estimated at the time $130 billion to American car manufacturers in 2008. And a further $12 billion from the government in subsidies Just last year alone. One country spent a decade and a half borrowing relatively free money and spent it on new acquisitions , stock buy backs and big executive payouts and bonuses. On the other hand another other country invested billions in research and development for next generation vehicles, sourcing and building key material and logistics supply chains. Now that we can't compete as usual we simply change the rules. What i once learn in economics as competitive advantage, has now changed in Europe and America to mean over capacity. Furthermore, Chinese cars with cameras are now "a threat to national security" at the same time there are hundreds of thousand of Telsas sold on Chinese roads every year each with 6--7 cameras, i haven't heard the Chinese complaining about tesla cars being spies, its laughable ridiculous. If nothing changes in the next few years sadly we'll see this as a constant reoccurring story, mainly in emerging technologies such as AI, Silicon and photonic chips, 5G applications, energy harvesting in wind, solar, waves and other technologies.
The United States imported approximately 70,000 made-in-China Ford, Volvo, GM new vehicles in 2023 (By the way, China exported a total of 4.91 million vehicles in 2023, the United States only accounts for 1.4% of China’s auto export market share and almost no chinese brand ). No Chinese domestic car manufacturers have taken the initiative to officially sell their cars in the US. 102.5% tax on Chinese EVs， Go ahead. That must “hurt” China a lot. The US is not the center of the world. 30 094 767 new cars were sold in China in 2023 ( 8.1 million of them were electric vehicles ) , meanwhile only 15 604 278 new cars were sold in the usa (1.4 million were EVs).
The US is expected to subsidize Tesla with $34 billion between 2023 and 2030. This isn’t even including the other subsidies that Tesla is going to receive from previous policies. Meanwhile, the Chinese government has subsidized BYD between 2018 and 2022 with the whopping “massive amount” of $ 3.7 billion.
So the American company got subsidized 10 times more than the Chinese company, out of the $119 billion in battery subsidies GM got about $21 billion, the truth is the US regime is subsidizing their electric vehicles way more than China is.
On November 30, 2023 GM announced record $10 billion stock buyback, more than it’s spending on UAW raises- as its electrification push stalls (Source Bloomberg). That share buyback from General Motors was just q4 of 2023, $10 billion, they get $20 billion in subsidies and they spend $10 billion giving that money back to shareholders. The money isn’t going to innovation like it should, the money seems to go these bloated bureaucratic corporations where they take the money give it to shareholders or give it to executive bonuses or management teams that don’t know how to build a car, get so complicated convoluted they just can’t do business competitively anymore.
They don’t need to, instead of being forced to be competitive, being forced to actually spend the money on R&D and producing a high-quality product, they just put a 102.5% tariff on anybody that they cannot compete.
Simply put, US capitalism is failing. Another solid proof is with the same amount of money you can buy more things in most part of the world.
Bravo. Well said!
Cite your sources and you might have an argument. Another thing you didn't address is the disparity in labor costs between the USA and China due to forced labor by the CCP, giving their products an unfair advantage. I would LOVE to see $15K EVs selling in the US, but not on the backs of children forced into slavery.
@@PETERJOHN101 Children? Why don't you interview Musk, and ask him how children can be involved in the production of automobiles.
Automobile manufacturing requires engineers, designers, industrial robots, but never child labor.
@@PETERJOHN101 I can’t believe you called him to cite the sources. Like who give a fk about you Mr BS. Forced child labor to make cars? What a brilliant idiot. 🤡🤣
Allow them in the U.S. to sell their automobiles. If all of legacy auto goes under then that’s their own fault for sitting on their hands and not innovating. Do better America.
Never mind the economic fall out or national security. Remember thing in history called world war 2. China is a enemy not a friend.
That’d only be wise if Chinese competitors surrendered their IP and institutional knowledge, just like they do to us there.
Nice sentiment. Unfortunately, when we are done shipping all of our good-paying manufacturing jobs to China, you can tell the non-existent middle class how it sucks they lost their jobs to an autocratic society.
Don't count America out quite yet. We are also very good at manipulation of markets and we still have the largest economy and standard of living on the planet. We can complete. I say let them come. I for one do not fear China. It will be good for capitalism and competition and drive down cost
@@doujinflip China is 30 years ahead of the Americans, at the pace we're going, and limiting availability of practical options is only going to harm to general economy.
😆 Soon Chinese parents will look at their children at dinner time and say ：
"If you don't study hard, you will only be able to drive a Mercedes-Benz and a BMW in the future."
😂!!
these are not american brands but whatever ...
@@vadergrd no parent would allow their kids to drive those under any circumstances
@@vadergrd ''wish u only be able to drive a ford focus'' sounds like cursing.
@@vadergrdsome of those models are made in the US
Let's start by educating American that tariff is taxation on the consumers. Any government will be glad to take your money as long as you are willing to pay.
I just came back from China, and I have to say, their big ESUVs are very impressive. They're roomy, stylish, comfortable, luxurious, and best of all, reasonably priced.
You should go back and stay there
@@hellman9655 you are crying
@@hellman9655 Using that old dried up statement won't fix the problem. When you only have so much money because the min wage is abysmal, you still need wheels to get to work. Our public transportation system sucks. The Chinese were listening to our experts when our own car companies poo-pooed the EV.
@@Trashed20659 minimum wage jobs used to be for high schoolers looking to earn pocket money. The trades are in desperate need of people, no excuse not to move up. Btw minimum wage is about 15 -20 dollars now. Thats 35-40k.
@hellman9655 these kind of mentality weakens the ol us of a.
I’m glad Chinese cars aren’t banned in my country
Are you Australian? And secretly laughing at Canadian brothers
@@Aapig Admitting anglo saxon tribe?
@@kongming2005 That tribe invented the industrial revolution.
@@AapigI am, and it’s great to have the competition from Chinese cars. Tesla’s in Australia are now the second cheapest market due to this competition mainly from BYD
because aussie have no car industry there, lol.
Let the free market decide which cars are better
it's cheaper for Chinese to make cars. This is the real issue. We can come up with any software they can they can just do it for less
@@timeattackmonsters if the car are cheaper and better why should I pay more for a car that is worse and more expensive ? If Americans can’t compete with the price at least compete with quality
@@timeattackmonsters👈 another racist
wow imagine being racist towards a nation that can produce things more efficiently
That is anti-capitalism!!! Lol. This is the reason OUR elite hate CHINA and try to turnish their name! Free market never existed in USA. USA never believed in Free market!
This video doesn't seem to want to talk about how ridiculous new car prices are here in the US. It makes the length of the loan much longer and feels like a mortgage rather than a car loan. By the time the car is paid off it has lost most of the value. I just went through this and I will never buy new again if price don't go down substantially
China is helping the world with green transition. Western countries should be grateful
BYD was the first company to be able to release a hybrid with a fuel range of 2000km! If the car was to be sold here, you can drive from Los Angeles to New York on a single refill. Starting price is $13,775. Even with the 100% tariff, Uber drivers and consumers would still be an attractive proposition.
I am getting one. Even better than a EV.
But it will fall apart in couple years and good luck with the repair in advance
@@ziggs123you wish
The US Government do not allow American to buy cheap EV, instead want them to buy ultra expensive EV to make the sleeping Big 3 + Tesla richer 😂
CORRECT.
The US government enables Japanese car companies to inflate their car prices to outrageous level, making record amount of profits
@@yiquny
Japanese companies that in:
- 1989 rigged side collision safety tests
- 2022 falsified their emission certificates.
@@11235but if US allows fair competition from Chinese cars, Japanese cars will have to cut their price by, in my opinion, about 30%.
The government doesn't contribute to this problem in any way, they are just cluelessly watching from a distance to what is happening. The big three are currently teaming up with the petrol giants against the ev revolution the motto being if we can't catch up let's bring them down to our level. So I don't see how you include Tesla in that mix. They are one of the only firms that could stand up against the chinese ev storm, as they scale up they bring down prices as well, but instead of at least providing a level playfield to them, the government just watches them being hampered with a storm of bs spewed out by the petrol lobby.
Isn't competition good? Why can't the US compete with China? The US bailed out Detroit car makers in 2008 but are quick to blame Chinese government for subsidies.
A few years ago, I heard someone explain that for an $12,000 car to be made in the USA, the average worker would need to be paid $3.27 an hour. Other things related to your question: It takes roughly 4 billion dollars to build, tool, and staff a modern car factory. That's a lot of money to lay down, when the cost of energy, labor, and raw materials are at the whim of whoever is President. China does not have those problems.
The automotive ecosystem (including direct, indirect and induced value added) drives more than $1 trillion into the U.S. economy each year - 4.9 percent of GDP.
By most metrics what would be built in America, if you say who can do it cheaper.
@@compugasm its neither of other countries problem that supply chains and production tech in USA so inefficient so it can only produce cheap cars only if cut salaries to the ground.
@@compugasm Modern Chinese factories are almost completely run by robots, there are a few workers and engineers scattering around the factory but their salary doesn't impact the cost that much. The true strength of companies like BYD is reducing cost by vertical integration. China owns the supply chain of any industry related to automobile. Us doesn't. So it can't design, prototype, and mass produce cars as time-efficient and cost-efficient as China does.
American companies cannot compete bc American govt is not competent. When Chinese govt were planning and nurturing the next up and coming industries, US govt is too busy allocating funds to things that don't matter. Like funding the 800 military bases around the world. That money can be used to fund all types of subsidies for American companies. So now, to cover up their own inefficiencies American govt blames China for their miseries.
Tarif needs to go away. We need affordable car
to mocked Chinese EV's safety is laughable...
Chinese EV cars are being sold very well and become a market leader in Thailand, Malaysia, Singapore, Mexico, Brazil and even Australia...
only because a merican can't buy them, doesn't mean those Chinese EV are not good
BYD has less than a 5% market share in Singapore for 2023. It's likely true that for low income buyers where the choice is a Chinese EV or a tuk-tuk, the Chinese EV will seem like a good choice. But few people who could afford a Toyota, Honda, BMW or Ford would buy a BYD.
From January to April 2024, China exported 1.827 million vehicles, up 33.4% year-on-year.
@@jackuzi8252 Ummm BYD competes against Toyota, Honda, Ford etc in China, and grew its sales from just 400,000 to 2020 to likely 4 MILLION by the end of 2024. There are PLENTY of people who can afford Toyota/Honda/Ford/VW/Stellantis/Hyundai went decided to buy the BYD instead.
@@tren133 The majority of the PRC population remains significantly lower-income than in Western countries. Also, the PRC government has exerted social pressure on its population to buy "new energy" vehicles. China is a major oil importer, which is a strategic weakness--by converting transportation to grid power, China reduces its vulnerability. These factors will not apply elsewhere.
You can remain in the fossil age while the rest of the world move into the future. @@jackuzi8252
When a nation can only resort to sanctioning, imposing tariffs, and trying to contain another country's rise, it essentially sends a message to the world: "We can't fairly compete, so we will now resort to trying to stop your growth."
No it is called protecting our business because the only who is funding this is the Chinese government and this is a desperate attempt to save their economy. The problem is they're stuff is crap and then we end up having to have it all in our landfills. None of their s*** that you buy from Tumo or ship directly from China instead of through a US company matches any of our safety requirements. Meanwhile Chinese cars are flooding EU port and sitting there. No one want to buy them because they are so poorly made. But unless those car meet our safety standards it is a big no.
Sure back to your VPN in Beijing Yu Zhu
@@onlyplaysveigar7241 What he said is virtually true, we can't compete so we now resort to the Tonya Harding method.
@@magellanmax we're just using the strategy that China has been using this entire time.
@@onlyplaysveigar7241 you’re so wrong😂😂
You can get amazing BYD/MG/SAIC EV hatches in Australia for as low as $30K AUD after state subsidies. The warranties are great - MG's is 8 years Unlimited KM for both car and battery and its transferable. I got a second hand 2022 MG SUV EV for 27k AUD and it has a LFP battery, plus 6 years of warranty.
I never thought the EV market would be better outside the US.
king of internet car sales here
In Canada, a 100% tariff has been imposed on Chinese electric vehicles, following in the footsteps of the U.S. However, Canada doesn't even have a domestic EV industry, making this decision especially questionable. Ultimately, it will be the consumers who end up shouldering the cost. The government's approach adds to the heavy tax burden Canadians already face. Such policies may discourage the adoption of green technologies, as the increased costs will hinder consumers' ability to afford these environmentally friendly vehicles.
CANADA GOVERNMENT ARE BANKRUPT.....WANTS MONEYS FROM CITIZENS......
Here in Brazil, the government raises taxes to protect local factories too. That's why BYD and GWM bought two factories to produce here and Chery already produces in the country with a joint venture. There are Chinese cars everywhere in Brazilian cities.
Dammm, America is loosing the capitalist game to an allegedly Communist country. That's tough
Its officially Socialism with Chinese characteristics 😂
More like we are facing a lot of dogmatism in the US.
first of all what is the communist, i think lots of European countries is more communist countries than any other. face it, US wants to beat up any one who is getting close to its level, japanese companies/French companies, chinese companies, doesnt matter.
Making stuff is not "capitalist"
ikr
It's not a free market anymore when it comes to companies which are not a part of the western bloc. Do they have any shame left?
China’s subsidies only account for 10% of the total U.S. subsidies for the automobile industry. And yet look at the difference in results.
You'd be surprised. In six years, the U.S. won't be able to compete with China. The EVs are just the beginning; the rest will follow suit.
It kills me, Biden wants to get rid of school debt but he won't give students the right to buy good $10k EV's!! WTF?
A few years ago, I heard someone explain that for an $12,000 car to be made in the USA, the average worker would need to be paid $3.27 an hour.
I am not sure I would qualify any EV made in China as a good product. China is known for profit over quality especially when the company is run by the Chinese. Just wait 5 years from now and you will see most of these Chinese EVs in your local junkyard or landfill.
They are only getting $2/HR in Ramos Mexico.....................Paul
Do some research on these cars, they are a disaster.
Everything about the USA is about stopping competition whilst also claiming they support competition and capitalism. Look at Japan, and Europe. Once the USA see you’re doing better they immediately start tariffs.
We like tarrifs. We do as we like.
Not matching what China does against American and other foreign companies there just makes us a pushover. If anything we’ve been gracious for too long.
@@dennykeaton9701that’s why the US is in decline muppet
The world learnt from Chinese gov who put tariffs on everything if they just don't like your words on certain topics over human rights, Taiwan or Tibet...
@@2cents177 china doesn't put tarriffs on if you talk taiwan, they ban your products, dumb dumb
Trump and Elon here. China have no way to get in.
I was in Mexico and it's over for the American auto-makers. They have no idea what's coming.
China is just running up the score at this point
They know exactly what is coming, and hope their political donations to certain candidates will stop it.
I personally would not own a Chinese vehicle. Unless there is nothing else to choose from.
@@mariajones8304 with you. I'll keep repairing and driving my old Japanese cars ;)
@@packrat-y7j 5 years ago, even majority of Chinese thought the same. but now...
With a 100% tax on Chinese cars , in fact it is the middle classes who are the losers , the rich can still have a luxury car .
What privacy concerns? Didn't I just watch a video from you guys about how much car companies in the US are collecting and abusing our data?
Shhhh. You are not suppose to know this. Only think Chinese surveillance as reported by Fox News everyday. Your opinion is form by the news media you watch. Young people are more knowledgeable and have analytical skills these days through access to more media outlets.
US has this known habit of playing the "victim" card... when other countries do it its a problem, but when they themselves do it than its always "justified".
double standard, as always.
I’ve seen BYD bus running around all the time in Indianapolis to be exact
Many are used at European airports with huge mileage. I spoke to one of the maintenance personnel and they said they was quite reliable.
Yes, many Western countries, including the United Kingdom, use byd electric buses in large quantities and are very reliable.
@@figgbx112 times have changed within another 10 or 15 years I would imagine most of the cars on the road will be of Chinese origin.
Those ones are assembled in Lancaster, California.
Don’t worry Trump and Musk are here; they will protect USA.
Agree with US should do the same thing China did with western brands decades ago. But this requires humility to recognize that we have something to learn from China. And this is made impossible by main stream media and politicians who convince people that the only reason to the success of China is cheating and unfairness.
This is the model that every country and company should do with a foreign brand. China's model is being followed closely by developing emerging 3rd worlds that are tired of colonialism and who want a better life for themselves. Their people look to China and not towards the USA.
In their eyes, the China model has beaten and solved the colonialism problem. Just have them partner with a local firm.
If big oil partners with a local firm, then the foreign investment can come into the country to exploit its resources. Same for Dole fruit or the rubber industry.
American politicians are in denial stage🙈
It is true that we can learn from China, our workers need to adopt a Chinese work ethic, and not that it is the best one in the world. (Ours used to be) Contaminating Chinese factories built in the US with US labor practices would result in similar issues that American car companies face. The main edge that Chinese companies have over US ones is the lower labor cost but that will not continue forever.
@@pianobench6319Sounds like Chinese access to the US market and dollars will thus depend on American firms owning a controlling stake and possibly government minders on the board, just like they force on American companies there.
I think Trump already suggesting to have Chinese EV companies building factories in America and hiring American workers. So, if he's elected, that might happen. Who knows? A clown like him can change his mind quicker than a person change their daily underwear.