140 years ago, the same trade happen between the Qing dynasty and UK empire, the only difference China today can protect itself and the West is frustrated 😂
This statistic omits an important trade between China and the UK, which is the tuition fees of international students. 20% of the income of British universities comes from the tuition fees of international students, most of which come from China.
240 years ago.UK wants Chinese goods. While China does not want bad goods from UK. Solution UK selling drugs to China to reduce the trade deficit. And the opium war started because of that. As we return to our original position.Where Europe and the United States really want Chinese products. And the trade deficit is increasing
Britain is lecturing China? As a Chinese I don't think that's true, because I can't hear what Britain is saying, for Chinese, we only pay attention to US, we can't see/hear everyone else, they are just not that visible to us 🤣
Raising tariffs means the people in the UK pay out more. It's like a tax. The Chinese EV makers still profit the same amount. The additional cost of the tariff is pushed onto the UK public.
Well chinese car manufacturers may have to lower their prices to make them more attractive to buy, but since everyone elses cars are so much more expensive they probably dont have to
The so call other countries consist of 7countries 😂? They are mainly US allies that been forced to follow their master in the effort of slowing down the Chinese domination
🧡 USA or America calls it "Liberation" instead of "Invasion". That was what US call it in Iraq, Afghanistan, Libya, Syria, Yemen, Somalia and the list goes on... Why the double standard? Confused... Please enlighten. Genuine question... Instances of the United States "liberated" or overthrowing, or attempting to overthrow, a foreign government since the Second World War. (* indicates successful ouster of a government) China 1949 to early 1960s Albania 1949-53 East Germany 1950s Iran 1953 * Guatemala 1954 * Costa Rica mid-1950s Syria 1956-7 Egypt 1957 Indonesia 1957-8 British Guiana 1953-64 * Iraq 1963 * North Vietnam 1945-73 Cambodia 1955-70 * Laos 1958 *, 1959 *, 1960 * Ecuador 1960-63 * Congo 1960 * France 1965 Brazil 1962-64 * Dominican Republic 1963 * Cuba 1959 to present Bolivia 1964 * Indonesia 1965 * Ghana 1966 * Chile 1964-73 * Greece 1967 * Costa Rica 1970-71 Bolivia 1971 * Australia 1973-75 * Angola 1975, 1980s Zaire 1975 Portugal 1974-76 * Jamaica 1976-80 * Seychelles 1979-81 Chad 1981-82 * Grenada 1983 * South Yemen 1982-84 Suriname 1982-84 Fiji 1987 * Libya 1980s Nicaragua 1981-90 * Panama 1989 * Bulgaria 1990 * Albania 1991 * Iraq 1991 Afghanistan 1980s * Somalia 1993 Yugoslavia 1999-2000 * Ecuador 2000 * Afghanistan 2001 * Venezuela 2002 * Iraq 2003 * Haiti 2004 * Somalia 2007 to present Honduras 2009 * Libya 2011 * Syria 2012 Ukraine 2014 * 2014 - 2022 - 9 countries yet to verify. Pakistan 2022 * Haiti 2022 * Niger 2023 Haiti 2024 Congo 2024 *
@@leelhasa6294 Tibet, Xinjiang and Taiwan are no different than Scotland, Ireland, Wales, or the Falklands. Falun Gong is a 30 year-old Washngton-based cult, right? It's right up there with Jim Jones' People's Temple.
The USA imposes tariffs because it has a car industry to protect. The UK has no car industry to protect and imposing tariffs would just hurt customers unnecessarily. Rather the UK can actually take advantage of Chinese cars coming in and build a service industry around it so that these vehicles can be exported to other EU states and possibly even the USA. Or does the UK does not have the stones to go against the wishes of daddy USA.
If there is a Trade difference between the UK & China, what is the difference ? is it Size or Volume, this can mean Cubic size, weight, or monetary value, or actual net profit. Did the UK companies make a real net profit difference better that the Chinese ? ? I dont think anyone will really tell us ! !
China is said to like British design. In product development and manufacturing China is now a world leader. Imagine if we collaborated more on future projects with China how much we both could benefit.
That was a drama for US and EU, but deep down he wants to warm up to China for economic benefits as China is the largest trading partner to 160 countries even more than US ...
The UK right now does not have that much zeal as it used to have....now it can only give lectures but behind the scenes very little enforcement...its the reality of today...reminds me of scrappy doo "let me at him"
UK never managed to improve domestic manufacturing under nearly two decades of Conservative leadership. The pound is way too overvalued to make manufacturing feasible. But I won't mind purchasing a UK EV if it offers a better price than the BYD EV that runs up to 350km per charge for around 10k.
The UK doesn't have a car brand, so why would we put tariffs on Chinese cars? Let's not forget Tesla's are produced in China, so shall we put tariffs on Tesla's too? Polestar & Volvo are Chinese, do they need tariffs?
Yes we should, and couple it with the reindustrialization of British cars. That's the way. Btw not only Polestar/Volvo, MGs are Chinese now as well. And the London Taxis too. And we wonder why we lost control of the car market.
@@PZ7537 The “reindustrialisation” of British cars. What does that even mean. We are years, perhaps a decade behind in car manufacturing. And what we have is almost totally foreign owned. We couldn’t catch China if they decided to stand still.
Imposing tariffs on Chinese evs will only hurt British consumers looking for an affordable car. And why isnt UK buying more tesla instead of Chinese ev?
Ian Duncan Smith just does what America tell him to say. He doesn't speak for British people. Hes talked about banning 5G. That put Britain years behind. .
American people are richer than Canadians. The Germany economy is failing because it sells outdated cars that nobody wants to buy as they’re too expensive. This has nothing to do with the USA but with who runs their countries.
The US has no friends. It has allies and foes. Neither one does it respect. It uses its allies for what it can get out of them. It's past time we severed ties with Washington and look closer to home. We have a much stronger, longer history with our European cousins.
When all five of England's crumbling warships set sail on their expedition across the seas, did they not fear that the Scots and Indians would burn do？
240 years ago.UK wants Chinese goods. While China does not want bad goods from UK. Solution UK selling drugs to China to reduce the trade deficit. And the opium war started because of that. As we return to our original position.Where Europe and the United States really want Chinese products. And the trade deficit is increasing
The fact is that China doesn't need UK and some G7 countries since they produce almost everything at home with better, more advance and lower cost. What can UK offer to China ? Fish chips?
The UK should allow Chinese cars to sell freely. It's car industry is more luxury and performance (like Aston Martin and Land Rover) which I believe will survive either way. Let the people get affordable and cleaner cars.
Relationship with UK have taught China a lesson - never trust Europe nations for long term relationship. For example, In 2015, red carpet welcome China President visit to UK to seal more than 40 billion euros of deals and investment in a 24 billion euro nuclear power project. Investments and Cooperation has ended
Instead of buying very nice electric cars with prices heavily subsidised by Chinese tax payers, Europeans and Americans prefer to give their money to Elon Musk.
why would any country block good and cheap EV unless they have an EV industry to protect? go ahead and test drive one. they are insanely good for it's price
Want to know how much we trade with China? Just check how many items in your household are Chinese , just do it ... people always tend to buy the best quality products for the lowest prices but throw tantrums when they find out that they are made in China
Hong Kongers want democracy and not to be part of the Communist Party, just like Taiwan (and Tibetans who have never had a voice for over 70 years now)
@@leelhasa6294 Scotland is seeking independence and Northern Ireland will rejoin Ireland. England and Wales will be the only ones staying in the UK. lol.
We’re still the sixth largest economy in the world, and have a population of 70 million. The only thing tiny about the UK is our landmass, which is why we have no competitive advantage in manufacturing terrestrial goods. However, our huge maritime territory has led to us being world leaders in shipbuilding and offshore energy. We just have to accept as a country that land-intensive industries, like farming, will have to be abandoned if we’re to ever start growing again.
Summary: Let's follow what these other countries are doing, without even understanding their economies and possible leverages. Oohh the US is doing it too, this is a must guys.
Actually, foreign companies pay tariffs. However, depending on the product, those companies can just pass on those costs. England has great public transport, so cars are a luxury good. This means Chinese manufacturers would have to absorb the tariffs to keep the cost low, or people will simply stop buying.
What exports does UK have to offer to China that they can't get cheaper from other countries? And why would China import manufactured goods when they can make it cheaper themselves. UK dont make cars for regular folks so why would they put tariffs on family cars?
If there is a Trade difference between the UK & China, what is the difference ? is it Size or Volume, this can mean Cubic size, weight, or monetary value, or actual net profit. Did the UK companies make a real net profit difference better that the Chinese ? ? I dont think anyone will really tell us ! !
The UK won't suffer from tariffs if they are targeted and part of strategic trade agreements. The UK can focus on protecting key industries, encourage domestic production, and use tariff revenue to support local businesses. Additionally, the UK can negotiate deals that lower tariffs on essential imports, balancing costs and reducing the risk of shortages.
@Insightful21 Mercantilism ? No more free markets , Thatcher should of done that with coal ? Or our steel industry ? .From a cheap plastic kettle to a top of the range ev , everything UK might aswell just be coal ?
@@chrislambert9435 Can only be money ? from what im told regular chinese, their lives have improved no end these last years , so guess things do balance out eventually ?
I like it when they do the weird leggy dance in front of the giant screen, holding an iPad in one hand and waving the other like they’re saying something important.
Big proponent of nuclear energy or just a reactionary? The idea that we'd have energy blackouts with good planning is silly, we're always going to maintain a natural gas reserve.
As the second largest island nation by GDP, the UK has a competitive advantage in shipping. We used to possess the largest navy in world history, but we have now fallen ridiculously behind. We also have a competitive advantage when it comes to research and development (R&D) due to Russell Group universities and Oxbridge. That’s why the UK was the first country to create a COVID-19 vaccine thanks to Oxford. In the same way, the UK is the world leader in cancer research and treatment. Starmer just announced that he wants to use that competitive advantage to win the AI arms race, which could soon become the most lucrative industry in history.
It must be pointed out that China has biggest domestic car market in the world (~1.8 times that of the US). Its domestic car manufacturers had about 56% of market share in 2023, i.e. 44% were still imports. That figure is expected to approach 70% when 2024 statistics becomes available. However, 30% market share for imports is still not insignificant. So further growth is not something to be alarmed about.
If there is a Trade difference between the UK & China, what is the difference ? is it Size or Volume, this can mean Cubic size, weight, or monetary value, or actual net profit. Did the UK companies make a real net profit difference better that the Chinese ? ? I dont think anyone will really tell us ! !
Looks like our car industry is doomed. Even quality brands will suffer. China isnt buying them like they used to look at BMW and Mercedes. I guess we can all sell insurance?
If China sells us cars, we can sell China boats. As an island nation, the shipping industry is more up our alley, and we have a unique opportunity to be the world’s leader in carbon free ferries. investing in our shipping industry will also allow the UK to replace our ancient ferries and build a new larger fleet. We have a huge ferry shortage in Scotland which has resulted in some journeys to the Outer Hebrides only happening once or twice a week.
Without Tariffs the market determines more purely based on simple economics. So if the Chinese sells so much more cars compared to 10 years, that means they are offering a better product.
The UK is far better at services and should focus on this. Reindustrialisation is just throwing money away since we'd have to import people to work in factories since very few Brits would be willing to work such manual jobs at lower wages
According to the graph, the EU is UK's highest export market in both services and products. Brexit was such a strange choice. Essentially a living cost increase in exchange for "sovereignty" and "independence".
@dcoughla681 recession + tariffs and trade restrictions = higher prices of goods. That means less exports to your largest trading partner which can trigger a domestic recession. We are too connected unfortunately.
Trade between the U.S. and China grew in 2023, totaling $575 billion-$147.8 billion in exports and $427.2 billion in imports-resulting in a $279.4 billion trade deficit.
trade deficiets dont always mean a bad thing, it makes sense to buy a shirt from china that costs $3 and to sell for $15, rather than produce a us made shirt for $15 and sell for $27. Consumers can buy more, generate more sales tax, and companies profit more.
Actually, China do need the UK because decades of currency controls has now caused unsustainable debt. This has now caused China’s GDP growth to fall rapidly, so they need more imports to balance their trade surplus.
If a country can build its space station by its own and progress day by day instead of being sanctioned,the country is absolutely the only legend of the World.Everyone knows that which country I am talking about.♥️🇨🇳♥️
Honestly, what does UK export to China anyway? What does UK produces nowadays that can compete with Australia or New Zealand who are closer to China. I would advice UK to get back into the EU common market.
It will appreciate the value of the £GBP, which in turn will cheapen imports for everybody. It will also reduce the cost of repaying foreign debt, so the government will not have to introduce more spending cuts.
Wow Rachel Reeves that is a dissapointing and shockingly low number. Adding £600 million over 5 years would result in approximately a 0.035% increase in the annual export trade of the United Kingdom. we cant keep running China down and expecting good trade relations.
Tariff put more money into government pocket and take more from the citizens which are consumers, china 🇨🇳 still get same amount of money for their car
I think that for China, Britain is not even as important as South Korea, Australia, Indonesia, Malaysia or Vietnam, not to mention the United States, Japan, Germany and France.
No! The UK actually has an enormous trade surplus with the USA. That’s why Donald Trump told Keir Starmer we need to import more LNG when they met at Mar-a-Lago. I don’t like Trump, but I have to admit he’s right. The UK has had an incredibly small stockpile of natural gas for many years now, so we desperately need emergency supplies for winter heating. Converting to hydrogen is the future, but the transition has been way too slow.
140 years ago, the same trade happen between the Qing dynasty and UK empire, the only difference China today can protect itself and the West is frustrated 😂
Indeed.
Yep!!
This statistic omits an important trade between China and the UK, which is the tuition fees of international students. 20% of the income of British universities comes from the tuition fees of international students, most of which come from China.
And now China is the bully
No more gunboat diplomacy from these imperialists...
Australia doesn't have tariffs, we have no domestic car industry to protect, so consumers get best price
Australia, NZ, South Korea, Norway and Switzerland do not have tariffs on Chinese EVs.. this video is a little one sided
So why are they still so expensive?
Last time cars looked cheap to me in Australia was the early 2000s...when they were built in Australia
Australia still has a 'luxury' car tax, which is a tariff.
UK is going down the toilet
Aussie inflation is a world joke though 😂
The closer we get to America, the worse our gdp per capita. Just saying.
Only since mid 2010’s
USA have no intrest the buy British produvts nor services.US had it all.
Don't know why people bash china they're now decades ahead of us in so many ways.
Because they are a dictatorship.
Because they haven’t travelled even to London
Because it’s a horrendous autocratic State. That’s why.
ROBOT
Chinese car I can't buy. Am african in africa.
Britain should wake up and work on improving its relationship with China. To begin with stop lecturing China!
240 years ago.UK wants Chinese goods. While China does not want bad goods from UK.
Solution UK selling drugs to China to reduce the trade deficit.
And the opium war started because of that.
As we return to our original position.Where Europe and the United States really want Chinese products. And the trade deficit is increasing
They still talk free Jimmy lai, democracy, China autocracy, etc. nothing has changed. I wish China shut the doors to British visit. Class!!
Britain is lecturing China? As a Chinese I don't think that's true, because I can't hear what Britain is saying, for Chinese, we only pay attention to US, we can't see/hear everyone else, they are just not that visible to us 🤣
But daddy USA won't like it. Especially Trump's in charge now.
❤exactly
Raising tariffs means the people in the UK pay out more. It's like a tax. The Chinese EV makers still profit the same amount. The additional cost of the tariff is pushed onto the UK public.
Well chinese car manufacturers may have to lower their prices to make them more attractive to buy, but since everyone elses cars are so much more expensive they probably dont have to
如果英国是聪明的国家，应该邀请中国去英国合作建厂，既保住了工作岗位，又能提供廉价的新能源汽车。当初日本德国就是来中国合资建厂的。让出一部分利润保住产业工人
at last some1 here actually knows and spks the truth ! thx
❤exactly
280000 cars from China, so it has nothing whatever to do with currency, and therefore this merely a disheveled drunk outlet.
Australia, NZ, South Korea, Norway and Switzerland do not have tariffs on Chinese EVs either..
Yes, the video shows a biased statistics
South Korea do, if not, their Hyundai motor would collapse too.
The so call other countries consist of 7countries 😂? They are mainly US allies that been forced to follow their master in the effort of slowing down the Chinese domination
G7 plus Korea are simply pet dogs of the US, they have no say in all decisions making.
Chinese cars are pretty damn good. This is why they will grow.
A Tesla EV costs 40k while a BYD EV costs 10k.
BYD will last a year that’s why
Made in China 🤣🤣🤣
They are cheaper because China is dumping them; they are not interested in profit but market share, to put Western car companies out of business.
Yes, and even a Tesla is most likely made in China.
And twice as good...
Tesla cars are junk.
GDP growth of five percent is not a collapse. It is adding 1 trillion use per year.
❤Precisely
Actual GDP closer to 1%…5% is only the bullshit figure supplied by China.
So of the top 10 trading partners, 7 of them are within the EU.
Yep, 40 years of damaging EU membership would cause that.
@@0w784g also SMMT figures seem to show only 169,000 home produced cars sold in UK in 2024 which ranks them only 4th on the list if true
@@0w784g if EU membership was so damaging, why has our economy declined so dramatically since leaving?
Yep, and Britain exited the EU
@James-tv4pl Having to pay for furlough with higher debt interest rates and also the Ukraine war...
🧡 USA or America calls it "Liberation" instead of "Invasion". That was what US call it in Iraq, Afghanistan, Libya, Syria, Yemen, Somalia and the list goes on... Why the double standard? Confused... Please enlighten. Genuine question...
Instances of the United States "liberated" or overthrowing, or attempting to overthrow, a foreign government since the Second World War. (* indicates successful ouster of a government)
China 1949 to early 1960s
Albania 1949-53
East Germany 1950s
Iran 1953 *
Guatemala 1954 *
Costa Rica mid-1950s
Syria 1956-7
Egypt 1957
Indonesia 1957-8
British Guiana 1953-64 *
Iraq 1963 *
North Vietnam 1945-73
Cambodia 1955-70 *
Laos 1958 *, 1959 *, 1960 *
Ecuador 1960-63 *
Congo 1960 *
France 1965
Brazil 1962-64 *
Dominican Republic 1963 *
Cuba 1959 to present
Bolivia 1964 *
Indonesia 1965 *
Ghana 1966 *
Chile 1964-73 *
Greece 1967 *
Costa Rica 1970-71
Bolivia 1971 *
Australia 1973-75 *
Angola 1975, 1980s
Zaire 1975
Portugal 1974-76 *
Jamaica 1976-80 *
Seychelles 1979-81
Chad 1981-82 *
Grenada 1983 *
South Yemen 1982-84
Suriname 1982-84
Fiji 1987 *
Libya 1980s
Nicaragua 1981-90 *
Panama 1989 *
Bulgaria 1990 *
Albania 1991 *
Iraq 1991
Afghanistan 1980s *
Somalia 1993
Yugoslavia 1999-2000 *
Ecuador 2000 *
Afghanistan 2001 *
Venezuela 2002 *
Iraq 2003 *
Haiti 2004 *
Somalia 2007 to present
Honduras 2009 *
Libya 2011 *
Syria 2012
Ukraine 2014 *
2014 - 2022 - 9 countries yet to verify.
Pakistan 2022 *
Haiti 2022 *
Niger 2023
Haiti 2024
Congo 2024 *
Holy shxt....the list is longer than I initially thought.....WTF...
keep on depending on USA... UK may end up like Mexico...
keep on depending on China... UK may end up like Tibet/Xinjiang/Hong Kong/Falun Gong/Taiwan/Ukraine
@leelhasa6294 haha. Simply throwing areas into a grouping doesn't make it a counter argument. Try harder bot.
@@leelhasa6294
Tibet, Xinjiang and Taiwan are no different than Scotland, Ireland, Wales, or the Falklands.
Falun Gong is a 30 year-old Washngton-based cult, right? It's right up there with Jim Jones' People's Temple.
@@leelhasa6294 last time it was uk who attacked china not the other way around
we are nearly there ....
The USA imposes tariffs because it has a car industry to protect. The UK has no car industry to protect and imposing tariffs would just hurt customers unnecessarily. Rather the UK can actually take advantage of Chinese cars coming in and build a service industry around it so that these vehicles can be exported to other EU states and possibly even the USA. Or does the UK does not have the stones to go against the wishes of daddy USA.
If we had had tarrifs we would still have a car industry.
If there is a Trade difference between the UK & China, what is the difference ? is it Size or Volume, this can mean Cubic size, weight, or monetary value, or actual net profit. Did the UK companies make a real net profit difference better that the Chinese ? ? I dont think anyone will really tell us ! !
And because the US car industry can no longer complete globally due to poor quality and design.
@@willyhill7509 the legacy US carmakers are already on their last legs. Protectionism made them uncompetitive.
What services? The uk is the dying violent colonial project of the eton educated rulers in England
China is said to like British design. In product development and manufacturing China is now a world leader. Imagine if we collaborated more on future projects with China how much we both could benefit.
good idea😅
UK on good terms with China ... LOL .... at the last G20, Stermer lectured China on its Human Rights Issue and caused much disgust !
Starmer is not the UK. He is a puppet
That was a drama for US and EU, but deep down he wants to warm up to China for economic benefits as China is the largest trading partner to 160 countries even more than US ...
Starmers US prompted lecture.
What’s that got to do with trade? Average civilian is too immature to understand the reality of politics!
The UK right now does not have that much zeal as it used to have....now it can only give lectures but behind the scenes very little enforcement...its the reality of today...reminds me of scrappy doo "let me at him"
Import cars from China
Car drivers from Pakistan
UK in nutshell 😂
UK never managed to improve domestic manufacturing under nearly two decades of Conservative leadership. The pound is way too overvalued to make manufacturing feasible. But I won't mind purchasing a UK EV if it offers a better price than the BYD EV that runs up to 350km per charge for around 10k.
Except the UK prefers to give money to Elon Musk instead of buying better cheaper electric cars at big discount thanks to Chinese taxpayers.
Then blindly obeys whatever US says… that sums it up
@@Kwippy still MADE IN CHINA ..Tesla Shanghai Giga factory
The UK doesn't have a car brand, so why would we put tariffs on Chinese cars? Let's not forget Tesla's are produced in China, so shall we put tariffs on Tesla's too? Polestar & Volvo are Chinese, do they need tariffs?
Yes we should, and couple it with the reindustrialization of British cars. That's the way.
Btw not only Polestar/Volvo, MGs are Chinese now as well. And the London Taxis too. And we wonder why we lost control of the car market.
@@PZ7537 The “reindustrialisation” of British cars. What does that even mean. We are years, perhaps a decade behind in car manufacturing. And what we have is almost totally foreign owned. We couldn’t catch China if they decided to stand still.
"the UK doesnt have a car brand" ...........jaguar,land rover, mini, aston martin, bently, rolls royce, lotus, MG, vauxhall, mclaren
@@littledooo Morgan!
@@littledoooyeah wit will they be able to compete with Chinese brands 10 years down the line?
Imposing tariffs on Chinese evs will only hurt British consumers looking for an affordable car. And why isnt UK buying more tesla instead of Chinese ev?
Tesla's supply chain is predominantly Chinese, that's why its production is located in Shanghai.
The UK 🇬🇧 is now an Indian province
Ian Duncan Smith just does what America tell him to say.
He doesn't speak for British people.
Hes talked about banning 5G.
That put Britain years behind. .
Looking forward to our new Hong Kongers becoming MPs in a few years time. I'm sure they'll do very well in the UK.
IDS is still drunk 😂
Cars imported from China are not entirely Chinese brands. Tesla and Volks are also made in China.
UK needs to join BRICS. It is fatal to be a friend of USA. Germany, Denmark and Canada are finding this out now.
American people are richer than Canadians. The Germany economy is failing because it sells outdated cars that nobody wants to buy as they’re too expensive. This has nothing to do with the USA but with who runs their countries.
The US has no friends. It has allies and foes. Neither one does it respect. It uses its allies for what it can get out of them.
It's past time we severed ties with Washington and look closer to home. We have a much stronger, longer history with our European cousins.
I'm wondering this time around, can UK figures another stuff like opium to sell to the Chinese?
能把鸦片卖给中国靠的是坚船利炮，而不是鸦片本身
When all five of England's crumbling warships set sail on their expedition across the seas, did they not fear that the Scots and Indians would burn do？
240 years ago.UK wants Chinese goods. While China does not want bad goods from UK.
Solution UK selling drugs to China to reduce the trade deficit.
And the opium war started because of that.
As we return to our original position.Where Europe and the United States really want Chinese products. And the trade deficit is increasing
Once Bitten in 2015 , Twice Shy
The fact is that China doesn't need UK and some G7 countries since they produce almost everything at home with better, more advance and lower cost. What can UK offer to China ? Fish chips?
Opium
The UK should allow Chinese cars to sell freely. It's car industry is more luxury and performance (like Aston Martin and Land Rover) which I believe will survive either way. Let the people get affordable and cleaner cars.
At the cost of potentially setting up local factories which cannot compete with virtually 0 labour cost in China?
@Insightful21
Zero Labour costs…?? Too much sugar today, Not enough sleep, long day at school..??
We don’t manufacture anything in this country so is it any wonder we have a trade deficit on imports and exports?
Relationship with UK have taught China a lesson - never trust Europe nations for long term relationship.
For example, In 2015, red carpet welcome China President visit to UK to seal more than 40 billion euros of deals and investment in a 24 billion euro nuclear power project. Investments and Cooperation has ended
Instead of buying very nice electric cars with prices heavily subsidised by Chinese tax payers, Europeans and Americans prefer to give their money to Elon Musk.
Chinese EV's have a fraction of the subsidies western EV's have.
@@r200titrue
Uk before 1945 :King
Now: Puppet of USA😂😂😂
In a nutshell, the UK wants to increase export services to China.
Reeves will use her portfolio of customer service skills to keep them on side
Pity the Conservatives had none of those skills for the last decade.
Does the UK has its own foreign & Business policies or someone else decides what to do??
why would any country block good and cheap EV unless they have an EV industry to protect?
go ahead and test drive one.
they are insanely good for it's price
Want to know how much we trade with China? Just check how many items in your household are Chinese , just do it ... people always tend to buy the best quality products for the lowest prices but throw tantrums when they find out that they are made in China
BYD seagull...£11k
寒冷的地方不适合电动车
Bad quality
Yea I’m happy with this! Real competition for the best prices! And if my BYD can hop potholes even better lol
Hong Kong is China they need to be added together !
Hong Kongers want democracy and not to be part of the Communist Party, just like Taiwan (and Tibetans who have never had a voice for over 70 years now)
They're different customs areas
Yes. Still trying to hang on to the old mentality lol
@@leelhasa6294 hong kong is autonomous
Give democracy to Israel
@@leelhasa6294 Scotland is seeking independence and Northern Ireland will rejoin Ireland. England and Wales will be the only ones staying in the UK. lol.
shes gone begging for them to buy gov bonds I bet
And not to pull the plug on the Shein listing.
We in the uk think we are so much more important than we are. We are tiny on the world stage.
We’re still the sixth largest economy in the world, and have a population of 70 million. The only thing tiny about the UK is our landmass, which is why we have no competitive advantage in manufacturing terrestrial goods. However, our huge maritime territory has led to us being world leaders in shipbuilding and offshore energy. We just have to accept as a country that land-intensive industries, like farming, will have to be abandoned if we’re to ever start growing again.
Makes sense why musk is against the government here it's all about electric car competition.
Until Reeves opens her mouth.
It is kinda sad to see an empire on which the sun never sets has been reduced to a lowly henchman.
UK worries China is using forced labor in the car manufacturing and human rights.😂😂😂😂😂
Can’t sell opium anymore
Summary: Let's follow what these other countries are doing, without even understanding their economies and possible leverages. Oohh the US is doing it too, this is a must guys.
The UK should start recognising British National (Overseas) passport holders as British Citizens
Britain doesn't make much, so how can they export much to China.
Who pays tariffs we do in reality tariffs are just another tax on the people
Actually, foreign companies pay tariffs. However, depending on the product, those companies can just pass on those costs. England has great public transport, so cars are a luxury good. This means Chinese manufacturers would have to absorb the tariffs to keep the cost low, or people will simply stop buying.
Play silly games, Win stupid prizes.
She has gone there with a begging bowel.
What exports does UK have to offer to China that they can't get cheaper from other countries? And why would China import manufactured goods when they can make it cheaper themselves. UK dont make cars for regular folks so why would they put tariffs on family cars?
We're running out of trading partners since we dumped the EU & America are about to show their true colours. 😅
There are MG cars sold in Malaysia, no doubt its chinese but i doubt UK can produce cheaper csr..
We need Chinese cars. They are better, more advanced and cheaper!
😂😂😂
Sure they are
lol they suck
We need higher unemployment in the UK, right?
Tariffs make goods more expensive to us , UK cant tariff anyone economy not big enough anymore just lead to empty shelves
If there is a Trade difference between the UK & China, what is the difference ? is it Size or Volume, this can mean Cubic size, weight, or monetary value, or actual net profit. Did the UK companies make a real net profit difference better that the Chinese ? ? I dont think anyone will really tell us ! !
@@chrislambert9435 I believe it is expressed in monetary terms . . .
The UK won't suffer from tariffs if they are targeted and part of strategic trade agreements. The UK can focus on protecting key industries, encourage domestic production, and use tariff revenue to support local businesses. Additionally, the UK can negotiate deals that lower tariffs on essential imports, balancing costs and reducing the risk of shortages.
@Insightful21 Mercantilism ? No more free markets , Thatcher should of done that with coal ? Or our steel industry ? .From a cheap plastic kettle to a top of the range ev , everything UK might aswell just be coal ?
@@chrislambert9435 Can only be money ? from what im told regular chinese, their lives have improved no end these last years , so guess things do balance out eventually ?
I like it when they do the weird leggy dance in front of the giant screen, holding an iPad in one hand and waving the other like they’re saying something important.
Big proponent of nuclear energy or just a reactionary? The idea that we'd have energy blackouts with good planning is silly, we're always going to maintain a natural gas reserve.
The UK don't even have visa free access to China. This makes it significantly difficult to form business relations for trade.
Can’t sell opium anymore 😂
Great stuff … no one afford buying anything anymore!
What is UK’s competitive edge in the global market?
UK still has a pretty competitive financial and service sector. But that is diminishing
MI6
As the second largest island nation by GDP, the UK has a competitive advantage in shipping. We used to possess the largest navy in world history, but we have now fallen ridiculously behind.
We also have a competitive advantage when it comes to research and development (R&D) due to Russell Group universities and Oxbridge. That’s why the UK was the first country to create a COVID-19 vaccine thanks to Oxford. In the same way, the UK is the world leader in cancer research and treatment. Starmer just announced that he wants to use that competitive advantage to win the AI arms race, which could soon become the most lucrative industry in history.
China is rapidly improving while the UK declines. Maybe we should try and take some notes.
No tariffs are best for the consumers. We have enough tax inflation.
Good move by UK ..this will help UK back on track
It must be pointed out that China has biggest domestic car market in the world (~1.8 times that of the US). Its domestic car manufacturers had about 56% of market share in 2023, i.e. 44% were still imports. That figure is expected to approach 70% when 2024 statistics becomes available. However, 30% market share for imports is still not insignificant. So further growth is not something to be alarmed about.
If there is a Trade difference between the UK & China, what is the difference ? is it Size or Volume, this can mean Cubic size, weight, or monetary value, or actual net profit. Did the UK companies make a real net profit difference better that the Chinese ? ? I dont think anyone will really tell us ! !
Looks like our car industry is doomed. Even quality brands will suffer. China isnt buying them like they used to look at BMW and Mercedes. I guess we can all sell insurance?
What car industry . . . Pretty much all foreign owned.
Mostly owned by China 😂
If China sells us cars, we can sell China boats. As an island nation, the shipping industry is more up our alley, and we have a unique opportunity to be the world’s leader in carbon free ferries. investing in our shipping industry will also allow the UK to replace our ancient ferries and build a new larger fleet. We have a huge ferry shortage in Scotland which has resulted in some journeys to the Outer Hebrides only happening once or twice a week.
Without Tariffs the market determines more purely based on simple economics. So if the Chinese sells so much more cars compared to 10 years, that means they are offering a better product.
The GDP growth figure of 5% is the official Chinese figure…real figure closer to 1%.
Agreed . 🇨🇳 Real figure is 50% . 🇺🇸 real figure is 1%
Why would a 1st world country like china deal with a 3rd world country like the UK 😂
China will have lower growth in a few years time, and just wait for the bubble called China's real estate sector to burst!
I don’t believe any of this misleading propaganda.
The UK is far better at services and should focus on this. Reindustrialisation is just throwing money away since we'd have to import people to work in factories since very few Brits would be willing to work such manual jobs at lower wages
Do bussiness with China and don't be a victim of US hypocricy otherwise will be like Germany and EU position of economic fownfall
According to the graph, the EU is UK's highest export market in both services and products. Brexit was such a strange choice. Essentially a living cost increase in exchange for "sovereignty" and "independence".
I voted for Brexit 😇
Now that the economies of many EU countries are in trouble, what use is that to the UK? If Europeans can’t afford to buy our stuff, it’s pointless.
@dcoughla681 recession + tariffs and trade restrictions = higher prices of goods. That means less exports to your largest trading partner which can trigger a domestic recession. We are too connected unfortunately.
I find Western economics is an asshole.
Trade between the U.S. and China grew in 2023, totaling $575 billion-$147.8 billion in exports and $427.2 billion in imports-resulting in a $279.4 billion trade deficit.
trade deficiets dont always mean a bad thing, it makes sense to buy a shirt from china that costs $3 and to sell for $15, rather than produce a us made shirt for $15 and sell for $27. Consumers can buy more, generate more sales tax, and companies profit more.
Great China ❤ from Pakistan
Can't we export excess immigrants to China as they require a larger workforce in manufacturing than the U.K...?
Export them to your friend India.
The best strategy for UK is to act as a bridge between the largest industrial and financial countries
UK needs Beijing, however POWERFUL AND SOPHISTICATED BEIJING doesn't need the COLLAPSED AND DECOMPOSING UK AT ALL😂😂😂
Very well said!
Actually, China do need the UK because decades of currency controls has now caused unsustainable debt. This has now caused China’s GDP growth to fall rapidly, so they need more imports to balance their trade surplus.
If a country can build its space station by its own and progress day by day instead of being sanctioned,the country is absolutely the only legend of the World.Everyone knows that which country I am talking about.♥️🇨🇳♥️
Seems about right for this government. Probably want to ask about their social credit system.
What is this mythical social credit system that nobody in China heard of. What's your Experian score?
这个社会信用系统到底是什么东西？
I can feel Top Gear getting depressed
Honestly, what does UK export to China anyway? What does UK produces nowadays that can compete with Australia or New Zealand who are closer to China. I would advice UK to get back into the EU common market.
Summary - Bankers are going to get Richer while the working class suffers
The West is run by bankers but China is run by working class. Communist right? 😅
It will appreciate the value of the £GBP, which in turn will cheapen imports for everybody. It will also reduce the cost of repaying foreign debt, so the government will not have to introduce more spending cuts.
Tell me what American gives UK?
Wow Rachel Reeves that is a dissapointing and shockingly low number. Adding £600 million over 5 years would result in approximately a 0.035% increase in the annual export trade of the United Kingdom. we cant keep running China down and expecting good trade relations.
各位朋友好，作为一个中国人，我不认为我们跟英国之间会有什么贸易摩擦，中国的优势产业，如机电设备、新能源汽车、移动通信、互联网服务、白色家电、手机、造船等等，英国都没有对应的产业。我们也不将英国视为对手，而是可以合作的伙伴，例如在大家讨论比较多的汽车领域，英国可以投资中国汽车厂商，引进中国汽车在英国生产，从而提高英国的汽车制造水平，再出口到欧洲和其他地区。或者直接收购在中国市场占有率不高的新能源汽车制造商，虽然它们在中国不能与比亚迪竞争，但是在欧洲还是具有很强的竞争力的。最好，中英友好❤
wake up Britain
1:28 As tarifas no Brasil não são sobre carros eletricos chineses e sim sobre carros eletricos independente da origem.
This tells the difference between tangible and intangible. The bragging is over.
So worried about China when u should be worried about your relationship with the EU 😅
Not about trade,its about vested interests
Tariff put more money into government pocket and take more from the citizens which are consumers, china 🇨🇳 still get same amount of money for their car
It's terrible that the UK is forced to look for money from China. Hopefully this will only be short term, and the UK can just abandon them as soon as.
In a lousy economy such as the current Britain, trading with China makes sense.
respect free trade, not Cold war
I think that for China, Britain is not even as important as South Korea, Australia, Indonesia, Malaysia or Vietnam, not to mention the United States, Japan, Germany and France.
So! UK has a nearly similar trade deficit with the US.
No! The UK actually has an enormous trade surplus with the USA. That’s why Donald Trump told Keir Starmer we need to import more LNG when they met at Mar-a-Lago.
I don’t like Trump, but I have to admit he’s right. The UK has had an incredibly small stockpile of natural gas for many years now, so we desperately need emergency supplies for winter heating. Converting to hydrogen is the future, but the transition has been way too slow.