Latest US tariffs on Chinese imports 'politically motivated', says analyst
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- เผยแพร่เมื่อ 1 มิ.ย. 2024
- The White House announced on Tuesday (May 14) that it is hiking tariffs on US$18 billion worth of imports from China, targeting strategic sectors like electric vehicles (EVs), batteries, steel and critical minerals. These hikes are politically motivated, with about six months to go for the US presidential election, says Dr Derek Scissors, senior fellow at the American Enterprise Institute. He tells CNA's Asia First that while there could be some retaliation by China, further tit-for-tat restrictions are unlikely.
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Sad to see America declining to become a developing nation, i.e., using tariffs to protect it's industries.
only loser will use sanctions. you have 20k sanctions on Russia. what happens to Russia now?
China makes all the parts of its E-vehicles, that includes materials to build its auto plants.
China produces cheap electricity.
China produces cheap drinking water.
Food is not expensive in China.
Chinese workers also have affordable healthcare services.
Chinese workers can afford to live comfortably.
How the US can compete with China?
If China can do everything itself, why need to be bothered with US?
Good Question: How the US can compete with China?
Donald Trump, emperor of US Empire: If we cannot compete with them, we kidnap their CFO/CEO.
We kidnapped the CFO and the daughter of the founder of the company, with which we cannot compete fairly and squarely. And we kept her under house arrest for more than 1000 days!
And they could not even do anything to the US. See?
Better yet, we have our 51st state Canada do all the dirty work on our behest.
So what chinese EV are low quality
@@paulferrer3578 uS cant even compete with low quality chinese imports? very shameful
@@paulferrer3578 Who told you Chinese EVs are low quality? CNN? BBC? Or Joe Biden?
Ha ha ha!
Uncle Sam is behaving like a little brat after losing a marble game. 😂😂😂😂
Then so be it. why worry?
A Good BOY is supposed to be spoiled. Don't be jealous of Uncle Sam!
@@resnica3557 How can one win when he cannot afford to lose??
Big Three should be worried when Chinese civilians stop buying American cars, no matter their government "retaliates" or not. Ironically, there is zero Chinese EV is sold in the US yet.
Am curious🤔What does the US govt do with the tariff they collected? Reduce student loan? Reduce medical cost? Or rebuild/repair infrastructure?
Funding Ukrane and Isteal
@@bobafett5757 you now belonged to potonged road
@@timloo6191 Potong Ice Cream is yummy 😁
@@bobafett5757 banana too
It's more important than ever to support each other. Buying local helps all of us in Singapore thrive. Let’s do this together! 🌟
Supporting local is not just good for our economy, it’s good for our spirit. Let’s keep our local industries strong and vibrant!
Investing in local products means investing in Singapore. Let’s all lend our support and watch our community flourish.
@ECOSAM. Don't pretend to be reasonable (we should support one another, buy local). What's happening is the US wants to escalate a trade war on a global scale to the twilight zone. It's not about Singaporeans buying local. You are saying Singapore should support the US empire in its absurd intention to expand a trade war to insane levels. This will not be good for anyone, not even the USA, and certainly not.Singapore
@ECOSAM. My post in reply to you was swiftly censored by UT. The truth hurts. So, here's a shortened reply: Bullcrap, you don't know what you're talking about. Don't ask Singaporeans to support a trade war.
@@katong1953 Positive feedback can encourage and boost the morale of local businesses and creators, especially in challenging economic times. This support helps promote and sustain local industries.
Tariff= us government get more money from citizen
No tariffs=sending million's of jobs to China
The US needs to collect these tariffs in order to keep sending money to Ukraine and Israel.
CIA propaganda channel 😂😂😂
Protecting -high paying- living wage local jobs qualifies as "politically motivated"?
That's a weird way to put it.
Chinese product imports, not Chinese professional vying for jobs.
No surprised as Singapore is very pro-China....
It is a fact that countless US companies have been making a fortune in China. Did you see the Chinese government impose a tariff on those?
@HKim. No, you're the one putting things wierdly. The Biden regime is protecting the big boys, who are his donors. If you let Chinese companies, such as Tik Tok, to invest in the US, they would also provide jobs for Americans. But, of course, the US does not allow Chinese companies in the US to be successful.
@HKim. My reply to you saying you were wrong was swiftly censored by UT. So here's a shortened reply: Bullcrap, Chinese companies in the US also provide jobs. But are they welcome? Of course, not. I showed proof (T ik T ok), but UT censored me.
Sanctions and Tarifs. No Solar Battery EV Cars Windturbines in the US.
29-3-2024, Biden’s $7.5 billion investment in EV charging has only produced 7 stations in two years.
After two years, that program has only delivered seven open charging stations with a total of 38 spots where drivers can charge their vehicles, according to a spokesperson for the Federal Highway Administration. (The funding should be enough to build up to 20,000 charging spots or around 5,000 stations, according to analysis from the EV policy analyst group Atlas Public Policy.)
lol, why don't you cut and paste the whole article from the Washington Post.
Basically, the article says the money was allocated to the States. The States are working extremely slow.
_Stations are open in Hawaii, New York, Ohio and Pennsylvania and under construction in four other states. Twelve additional states have awarded contracts for constructing the charging stations; 17 states have not yet issued proposals._
_Nick Nigro, founder of Atlas Public Policy, said that some of the delays are to be expected. “State transportation agencies are the recipients of the money,” he said. “Nearly all of them had no experience deploying electric vehicle charging stations before this law was enacted.”_
In 2023, US import value from China is 427.2 billion U.S. dollars, and export value to China is 147.8 billion U.S. dollars. In the scheme of things, 18 U$Billions is but 4.2% of China export into the US. Now is China going to do a song and dance about such a minuscule amount? Probably not. China is glad that it can help Joe to win some votes from the Auto workers.
It is sad that the US thinks imposing tariffs is a trade policy. It s not. It is an indication that it is raising a white flag, it cannot compete with China. It should learn how to become "overcapacity".
China have already signed agreements with Hungary for the establishment of manufacturing facilities for EVs, batteries, etc in Hungary. That would make them EU products not China products.
🤣
Would Chinese slap Agri product from USA?
Tariff is a tax on middle and low income consumers.
most Emericans don't want electric cars.
Wrong, they want economical EV cars that most consumers can afford.
❤China do things for self-interest.
SG do things for Self-Interest.
USA do things for self-interest.
Its all the same. So, anyone accusing any party is wrong due to fundamentally flawed logic. The reason they criticise is out of self-interest, biased thinking and intellectual dishonesty. When everyone do whats in ownself self-interest, who can blame anyone unless using a biased mind?
Do they need oil to make electricity for EV cars ?
Likely, but you will not be restricted to oil to power your vehicle. You can literally power your car on solar, wind, hydro, nuclear, geothermal
Oh, also fusion and anti-matter 😁
Thanks
China produced 30% of global industrial products, not include the manufacturing plants relocated to EU, ASEAN (Vietnam etc) and S.America( Mexico).
If you combine all of them together, its close to 50% of global industrial production.
You either buy "Made in China" or "Made by China".😂
There are three things you can not escape in life:
Death, Tax and Made by China.😆
Wait for China‘s tarrifs retaliation where hurts Biden most.
Stop all export of Adult Diapers to US.😂
Derique D'scissoring the White House in Washington DC
Little Singapore has become more dirtier in the past two decades.
Why?
E-vehicle adoption in the USA has many obstacles such as vandalism and power supply issues etc.
Don't take the problem of angry younger generation lightly.
Ha ha ha!
Were is free trade or democracy
'Brilliant' Biden and Yellen, as usual.
Duh !
US is saving themselves fm CHEAP POOR Quality EVs.
Good Job.
What do you drive?
@@ptssw5395
Something that Does NOT Spontaneously Combust n last 1M Miles on the Original Engine n Gearbox.
NO ASTRONOMICAL EXPENSIVE Batt n Motor Replacement.
Does NOT Need to be SCRAPPED From a Minor fender bender due to batt " Suspected " to be Compromised
Since EVs are not polluting, they should replace the polluting ICE cars.
To make American EVs more affordable, the US should subsidize EVs just like China. Give more subsidy to make them cheaper than EVs from China. Beat them at their own games. 😂😂😂
Haha... Inflation skyrocket if there is no competition' the few companies can manipulate prices, and that's the Muricant down fall. Rich people are richer while poor is poorer.
@@vincecarlowith smoking car and lose break
The West imports everything from India, Singapore must follow what the us does 😂😂
Like you looooooving trump
Did China fulfilled the WTO admission terms?
yes
@@timloo6191 Oh... so Facebook, Google, Instagram, are in China? Citibank can open as many branches and provide whatever services it wants to?
Since when this happened?
@@megatron6393 ur point?
@@timloo6191 I just want to know since when Google, FB, Citibank can operate freely in China. WTO admission terms requires China to open up the market to all. You said China complied with all terms of WTO admission, so I want to know since when Google, FB and Citibank can freely operate in China.
Since EVs are not polluting, they should replace the polluting ICE cars.
To make American EVs more affordable, the US should subsidize EVs just like China. Give more subsidy to make them cheaper than EVs from China. Beat them at their own games. 😂😂😂
Yes the US is giving subsidies to US automaker in the Inflation Reduction Act policy in 2023 but they still cannot compete with Chinese EVS. This is because the Chinese Evs makers has the full production capacity to produce EV cars from nuts and bolts to batteries to everything. They have the complete supply chain besides lower cost of labors. The US does not.
American car companies earlier got $25B$ stimulus to develop EVs.
And what happened to that money?
They buy back stocks and gave the money to the share holders.
They have not used the money to develop EVs.
China gave 2B$ to BYD and they made better EV than Tesla :)
Stop American bashing! Every day 136,000,000 Americans buy a product from a Chinese person, 190,000 Chinese students study in the USA,
do 136,000,000 Chinese people buy an American product every day, are there 190,000 American students in China ?
1. Well millions of Chinese buy Iphone, Tesla, HP, fast food - McDonald, KFC, Burger King and coffee - Starbucks and some US apparels EVERYDAY too.
(However, sales of American products are decreasing every year as more Chinese products are getting increasingly popular in China with better technology, quality and competitive price)
2.190,000 American students in China? Please NO. It will affect the IQ levels of everyone and they might do protests of all kinds in China - Just kidding
(However, you must consider that it used to be more than 380,000 Chinese students studying in the US for a very long time. But now after covid and increasing hostilities (hate crime and racist attack) against Chinese people, whether is Mainland Chinese or Chinese American, and many Chinese students being turned away by US immigration upon arrival contributed to the decline in numbers. This is why Chinese parents are not keen to send their children to study in America anymore. Why study in the US when you are not welcome?
Another factor, a big one, is Chinese universities are getting very good in China with many in the top 100 rankings in the world. Therefore many Chinese students stay in China to study instead of going to the US.
BTW you make it sound like the US is doing a big favor to Chinese students for letting them study in its universities, well the reality is US universities needs Chinese money. Chinese students pays full FULL FEES which helps US universities stay afloat. But not anymore. Many US universities will go bust in the near future. For your info, most Chinese students who studied in the US are not the cream of the crop. They came from rich Chinese families. The finest students study in Tsinghua, Peking, Fudan UNIVERSITY ....and many more.
China🇨🇳 needs to play by the rules and respect human rights.
- Xi Jinping will be held accountable for any *overcapacity dumping of forced labor products* to foreign soil.
This is usually spammed by the Sinophobic bot farm “Lastetc", "lastetc", "verylastetc", "nextlastetc" bot.
American car companies got $25B$ stimulus to develop EVs.
And what happened to that money?
They buy back stocks and gave the money to the share holders.
They have not used the money to develop EVs.
China gave 2B$ to BYD and they made better EV than Tesla :)
It is not FAIR now US officials say :(