Biden to quadruple tariffs on Chinese EVs
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- เผยแพร่เมื่อ 12 พ.ค. 2024
- President Biden is expected to announce new tariffs on Chinese electric vehicles this week, raising the rate to 102.5% from 27.5%, according to reports. Yahoo Finance Senior Columnist Rick Newman discusses what this could mean for consumers purchasing electric vehicles.
Newman explains that virtually no Chinese electric vehicles are currently on sale in the United States. Therefore, the tariffs will not raise prices on any electric vehicles Americans are likely to purchase.
Newman notes that Chinese electric vehicles are relatively cheap. At the normal tariff rate, US consumers could purchase one for about $12,000. However, the tariffs are designed to keep Chinese electric vehicles out of the American market to protect the domestic auto industry.
The move comes as the Biden administration's latest effort to develop key domestic supply chains.
#youtube #news #Biden
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Lost all respect for US long ago
Haha wow America's a joke.
They really don’t want us to get affordable vehicles 😩.
Such BS, we need competition to bring down these car prices.... All these CEOs have gotten so greedy its outrageous... OH wait... they can just bypass it by importing it from Mexico ;D
Tariffs will kill the US consumer.
it is so ridiculous, there is no Chinese EVs sell in US so far, how can they increase the tariffs on the product not existed in US.
Just told you, Tesla only😂
BYD has built electric buses (EV buses) specifically for the American market. They've sold electric buses to many American cities and agencies, including Los Angeles, Long Beach, and Lancaster. 😁
@@LivingLonger the EVs here refer to the electric cars, the electric bus is too small for the market.
US: China, we're gonna punish you for being successful
US: China, can you also please buy our Treasury Bills? Pretty please? We're in debt.
ya know American auto industry is sooo bad and super expensive no value to us they just prey on us we actually want those chinese evs they are great vehicles and affordable everyone would have one here
They are great vehicles? Do you own one? Do you have source of information over the years? I truly would like to know. I cannot find any information.
@@-TheOracle- There are tons of videos on youtube who do reviews on Chinese cars, e.g. Electric Viking (Australia), Fully Charged (UK), Autoline (US). If one searches, one shall find.
@@DucaTech finally found articles on Chinese evs. They seem to be falling apart at the welds. Not safe to drive. Hard pass on the Cherry.
Guess who is going to pay those tariffs: the people. What a joke
Tariff to most of goods from China, inflation always high then
Admit it, the US loves inflation so much.
I want a $12k EV
That’s a car with absolutely no frills though, imagine the most bare bone version of Honda Fit or Toyota Yaris.
Honestly, at 12k is cheap and great for american. Americans dont have our brand other than Ford, GM, and tesla. Do i care if they take shares of some zombies companies and other foreign auto for americans to drive cheaper but better cars.
Protectionism: an economic policy about a century past its use-by date. Is this just a big favour to Tesla, which is wobbling due to its associations with the crazy space cadet?
Politics makes Cars expensive. Vote for Expensive Cars. 👍👍👍
Desperate move from fear.
Hands - down, Tesla and other American made EV will be totally routed in a free competition with China made EV.
For whom???
We people want cheap electric cars!
Oh my God, thats going to get passed on to us consumers, is just a tax on us all, Darn Orange man...
image the stock price of ford or gm when either one could team up byd to sell seagull in the US.
Wow brilliant. Oh wait, didn't Donald Trump talk about doing that very same thing some time ago.
So much for the BS on green energy and net zero carbon emissions targets.
All this is doing is targeting the Home Solar/ Home Energy market. This is wrong.
👍🏿
This forces people to buy overpriced used cars.
If US can’t compete tariff them, so Tesla can fleece US consumers
Americans don't even have the proper option to choose their own products now.
protection never never works for the gamblers it only works for the working class
Good idea!! Instead of the last guy saying he is going to get tough then buys them farm equipment 😂😂😂😂
He cannot even protect the US border, but he can close buisness America to the world!
I feel like this can hurt us because China plays their cards very well in a economic standpoint when they strike back!