The excuse of saving American jobs in the automotive industry is complete nonsense. It's not about saving jobs; it's about hiding the incompetence of the US auto industry.
I laughed when biden brought up that excuse. If china retaliates by putting only 25% tariffs on all American cars in china or the chinese boycott American cars, massive layoffs here in the u.s would follow bc of lack of profit.
@@dnn32 Look, I'm against tariffs, whether they from Biden or Trump. They're just a bad idea no matter who is president. I'm seeing people trying to have it both ways
GM sells more Buicks and Cadillacs in China than at home. Most people did not know. For some years, up to 80% of GM's Worldwide profit came from China. Think about that !
The Chinese don't eat the tariffs. Tariffs are paid by US importer which ends up being the final customer. It's like a US tax on consumers. The US will profit by doing nothing but collecting the tariffs.
@@Hasanaljadid The United States imported approximately 18,000 Chinese cars in 2023 (By the way, China exported a total of 4.91 million vehicles in 2023, the United States only accounts for 0.36% of China’s auto export market share in 2023 ). No Chinese 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).
@@lukeecle117 The US auto market is by far the most lucrative one in the world. That's precisely why China recently filed a WTO dispute accusing the US of what China has been doing past 10 years -- forcing local sourcing/production.
By the way, 25% tax on Chinese products imposed by Trump just ended up having a massive inflation in US. That tax is on American people, not on China. And that money collected is not used to help American manufacturing. It is just more money collected by US government and eventually flows to rich people's pockets.
There was no such massive inflation until the Wuhan virus broke out of China and strained the auto supply-chain and cause shortages everywhere. nice try though..
There was no such massive inflation until Woo-h8n virus broke out in China and it caused various shortages in the auto supply-chain. Nice spin oomaaoo.
What US did with Japanese ICE car makers in 70s and 80s, the history is repeating. We know what happened. About time the US govt encourages better innovation.
Xiaomi has created a fully automated factory that require so little labour, all robots once they build up enough volume and brand, they can built the same automated factory with little labour and still priced out their competitors
Actually, America can rival the Chinese if they would only leave their hegemony mentality behind and have a relationship with the rest of the world as brothers and sisters.
These tariffs are transitory just like Yellens's inflation. When the US buyer imports goods subject to tariffs from China, they pay the tariff to the US government. This cost and any markup are typically passed on to the end consumer, meaning consumers ultimately bear the burden of tariffs through higher prices. The Chinese seller, however, does not directly pay the tariff; the importer in the US bears that responsibility. China does not suffer the consequences of tariffs. The US consumers are being punished by having to pay higher prices. In 2012, President Obama, as part of his plan to double the U.S. share of the world's solar panels from 5% to 10%, imposed tariffs of up to 249% on solar imports from China. In response, China retaliated by imposing import restrictions on polysilicon from the U.S. At the time, the U.S. held a 50% share of the global polysilicon market, but this has since dropped to under 4%. The U.S. share of the world's solar panels has dropped to under 2%. China has promised to retaliate just as strongly in response to any new tariffs.
Can America survives her own tariffs? Higher costs passing down to US customers and soon, we will see more failed companies in US who simply can no longer compete in the global market.
EV technology in the U.S. will stagnated if the U.S. continues to stop Chinese EVs from coming into the U.S. We need some competition in order for automakers to grow. Even though I am a Tesla owner, I do not want Tesla to dominate the EV industry in the U.S.
Just listened to Janet Yellen babble about how this tariff will hardly affect the American tax payer when it was shown to her that when Trump was in office that is exactly what she said and then she continued to lie some more.
The US is expected to subsidize Tesla with $34B 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 $ 3.7B. So the American company got subsidized 10 times more than the Chinese company, out of the $119B in battery subsidies GM got about $21 B, 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 B, they get $20B in subsidies and they spend $10 B 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.
THE GLOBAL EV MARKET PROJECTION BY 2030 IS AROUND 9 TRILLION DOLLARS. IT DOES NOT MATTER WHAT WE AMERICANS DO OR WANT WE ARE NOT AS SIGNIFICANT AS WE THINK WE ARE CONCERNING GLOBAL TRADE.WE ARE ONLY 350 MILLION IN A WORLD THAT HAS 8 BILLION PEOPLE THE CHINESE DOMESTIC MARKET IS 4X OUR SIZE AND CHINA IS THE WORLDS LARGEST TRADING PARTNER. THE U.S AND EUROPE ARE NOT THE WORLD.
As the largest oil importer, China is determined to develop electric vehicles. Even if the western countries stop promoting electric vehicles, China will continue. In addition, many countries in the world are short of oil, and there is also a demand for electric vehicles. I just saw a news that the share of electric vehicles in new cars sold in Nepal has reached 60%.
Think through it. Even if Chinese products are doubled in price, it is still highly competitive in term of price and quality ratio. So the dial won't move a bit with only 25% tariff on Chinese products. American importers and consumers won't blink their eyes a bit to choose other products simply because of that 25% tariff. So that 25% increase has no impact to Chinese export. The ONLY IMPACT it should have if that 25% tariff collected are SOLELY used to support American manufacturing. But we all know that is NOT the case. The money collected are channel back to the government big coffer and eventually "trickle" back to the rich people's pockets. NO ONE is using that money to build more factories in US. NO ONE is using that money for moving our scientific and technology forward. It simply trickles back to the bank safe, sitting there just a number for the rich people! In another word, Trump simply raised a massive tax on American people and ask us to THANK HIM BECAUSE HE STARTED A TRADE WAR WITH CHINA!!!
Isn't it supposed to be a global market. If any country makes a better product then do we not want to buy it, and should we not have access to it without our government blocking it?
Do not stop people from improving but to do necessary measures as to how to make one self more competitive instead and think of why you fail in the first place
They just cancelled their battery factory, figuring out that they needed byds ip (you know the one that the Chinese from the Americans which the Americans haven't invented yet)
@@rxonmymind8362 ooomaooo talking nonsense. GM started working with American battery maker A123 during the first EV wave, but had problem with factory fire in which two GM engineers were injured and manufacturing defects. The company was also steadily working with LG for much longer than most can remember.
The American auto industry is so bloated that no amount of subsidy will lift it up with high overheads and wealthy CEOs having fat salaries and fat bonuses even though the company is going bankrupt. HAHAHA
China is already doing it through other countries. They set up factories there so it looks like it does not “made in China” product because it technically was made outside of China but by China anyway. What are going to do about that?
china to impose the same % but not limited to export to usa.....just cannot imagine that american so clever to impose...they tried....failed but they do it again......not helping american but the other way round
If Chinese EV take over the rest of the world and they are sold in 100 over countries.. eventually some how it will get to USA.. or a Mexican EV maker can make EVs with Chinese Parts and put a Mexican brand on it..on a Mexican company with China parts
China may choose to ignore USA and conquer the rest of the world via their overseas subsidiaries. Good product has its fair market and being cheap has its advantages and attention.
Why just EVs ? impose 100% tariffs across the board on all products,including electric toys-and use the tax money to reduce the ballooning deficit-"one stone,2 birds"(chinese proverb)
I don’t see any reason why BYD can’t just build a factory in the USA and build cars ? Yes labour would be more expensive but their factories are so automated that labour is a small part of the cost that would be off set by savings on Shipping and being eligible for the EV rebate . Vinfast a EV company from Communist Vietnam is building a factory in the US and getting State government subsidies no reason BYD can’t do the same .
The US Immigration once declared the visas of China students invalid at the airport for no reason. Under such circumstances, how dare BYD set up a factory in the United States?
How Beijing Is Going Around The Corner While Going Around And Around Have Been Becomjng Few Questions. The Real Question : What Are The Costs On Both Sides Given International Trading Plays On Every Nation. The World Has Been Enjoying The Real Economy Up-Side Where AI Is Becoming The Next Play For A New Call On New Economy For The World. Sincerely ❤❤❤, KNT.
Michael is right and you are poor guys because you have no alternative in case of manufacturing in general. It is time for you, to embrace the beneficiary of environmental neutral products
The Chinese couldn't compete with gas engines because although gas engines are ancient designs, making them reliable is hard because they are complex, electric motors are simple. It took Hyundai 20 years to finally make a decent engine. But what the Chinese are great at is electronics. They been perfecting and building high quality tech devices and electronics for years now, and have the whole supply chain locked down. And companies like BYD started making batteries first, which is the weakest link in an EV.
I am from Malaysia. As far as I know, most of the Chinese people that I know of knew and China also said so that they could not compete on ICE cars due to branding and not on the ability to make these cars. As a result they focused on EV cars as it gave China a new area to find opportunity . I wonder why European/American/Japanese and Korean car companies could have missed out .
@@limkheakwei4412 : no worries. China is getting spanked in the EU for discriminating foreign batteries -- aka LCR -- and other anticompetitive practices in EV. They are expected to announce a decision with similar CVD (countervailing duties) against Chinese EV industry with 60%-100%.
In addition to EV, China's ICE vehicles also compete for the global market. In April 2024, China exported 390,000 ICE vehicles, a year-on-year increase of 41.6%.
Following your logic, you'll impose a tariff on semiconductors (which US already did), if the rubber for the tires is not from NA (MX-US-Can), if leather is made from chinese products... the good thing is that you can still have free market and capitalism, only if US is the winner, but now that the Chinese are winning it's pretty hilarious all these situations🤡
Then you’ll pretty much destroyed trading with your neighbors as there are very few products that will have the raw materials coming from the same place, including most things made in the U.S. You can control the country of origin for intermediate products like EV battery, but those will still have parts from all over the places.
Have you seen the US auto maker and how many parts are slapped together to make a vehicle? Not a viable solution. Also China has 90% of rare earth minerals locked up because they invested in that in the early 90's and the US refused too.
![ทททททททท #27 [หลุยส์ เค โตมายังไง ณ สระบุรี]](http://i.ytimg.com/vi/CaKoYw_Xmtg/mqdefault.jpg)
US automakers will do everything they can to block a competitor from selling cars in the US, rather than just making a better product.
Well now they will pay the price for screwing US customers for decades. They will go nearly extinct.
The excuse of saving American jobs in the automotive industry is complete nonsense. It's not about saving jobs; it's about hiding the incompetence of the US auto industry.
They are enriching the business owners. Poor people got to buy expensive cars
I laughed when biden brought up that excuse. If china retaliates by putting only 25% tariffs on all American cars in china or the chinese boycott American cars, massive layoffs here in the u.s would follow bc of lack of profit.
@@dnn32 Look, I'm against tariffs, whether they from Biden or Trump. They're just a bad idea no matter who is president. I'm seeing people trying to have it both ways
@@dnn32 China has not do anything to iPhone because of Huawei. Now iPhone out of top 5 in China Q1.
@@dnn32 will China put on tariff for made in China Teslas?
GM sells more Buicks and Cadillacs in China than at home. Most people did not know.
For some years, up to 80% of GM's Worldwide profit came from China. Think about that !
Lol....chinese buy their own. BYD and others. They stay away f5om USA garbage GM/dodge etc..
Not any more!
The Chinese don't eat the tariffs. Tariffs are paid by US importer which ends up being the final customer. It's like a US tax on consumers. The US will profit by doing nothing but collecting the tariffs.
There is virtually no Chinese EV imports, apart from very few Volvos, Polestars purchased by some foolish sinophiles.
And It will decrease chinese imports
@@Hasanaljadid The United States imported approximately 18,000 Chinese cars in 2023 (By the way, China exported a total of 4.91 million vehicles in 2023, the United States only accounts for 0.36% of China’s auto export market share in 2023 ). No Chinese 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).
It's geopolitical and overrides the impact on consumers
@@lukeecle117 The US auto market is by far the most lucrative one in the world. That's precisely why China recently filed a WTO dispute accusing the US of what China has been doing past 10 years -- forcing local sourcing/production.
By the way, 25% tax on Chinese products imposed by Trump just ended up having a massive inflation in US. That tax is on American people, not on China. And that money collected is not used to help American manufacturing. It is just more money collected by US government and eventually flows to rich people's pockets.
I said the same thing. Biden is making the exact same mistake that Trump made. We saw what the did for years...
There was no such massive inflation until the Wuhan virus broke out of China and strained the auto supply-chain and cause shortages everywhere. nice try though..
There was no such massive inflation until Woo-h8n virus broke out in China and it caused various shortages in the auto supply-chain. Nice spin oomaaoo.
And Ukraine get a piece of that too
LOL
US auto makers need to pull finger and stop delaying. China looked ahead and deserve their lead.
Dumb. The cost just get passed to the consumers.
Chinese EV cars are not allowed to be sold in US. The Big Three won't allow it. 100% tariff on $0 Chinese EV cars is still $0.
Byd can't cope with unprecedented strong demand for Seagull EV. It needs 12 months to fulfil strong global demands.
so overcapacity is total BS?😂 I am shocked! what a travesty! 😂
What US did with Japanese ICE car makers in 70s and 80s, the history is repeating. We know what happened. About time the US govt encourages better innovation.
Protectionism doesn't encourage innovation it encourages stagnation.
Xiaomi has created a fully automated factory that require so little labour, all robots once they build up enough volume and brand, they can built the same automated factory with little labour and still priced out their competitors
China sells zero EVs in the US, so no impact.
Volvo's, Polestars..
U can buy it in Mexico and import it 2.5 percent duty free applies for autos
@tooltalk volvo and polestar have factories in the US and Europe.
So it's not about the Environment, It's Greed.
Actually, America can rival the Chinese if they would only leave their hegemony mentality behind and have a relationship with the rest of the world as brothers and sisters.
pretty much last thing i can think of is to buy an american car....
These tariffs are transitory just like Yellens's inflation.
When the US buyer imports goods subject to tariffs from China, they pay the tariff to the US government. This cost and any markup are typically passed on to the end consumer, meaning consumers ultimately bear the burden of tariffs through higher prices. The Chinese seller, however, does not directly pay the tariff; the importer in the US bears that responsibility.
China does not suffer the consequences of tariffs. The US consumers are being punished by having to pay higher prices.
In 2012, President Obama, as part of his plan to double the U.S. share of the world's solar panels from 5% to 10%, imposed tariffs of up to 249% on solar imports from China. In response, China retaliated by imposing import restrictions on polysilicon from the U.S. At the time, the U.S. held a 50% share of the global polysilicon market, but this has since dropped to under 4%. The U.S. share of the world's solar panels has dropped to under 2%. China has promised to retaliate just as strongly in response to any new tariffs.
Can America survives her own tariffs? Higher costs passing down to US customers and soon, we will see more failed companies in US who simply can no longer compete in the global market.
EV technology in the U.S. will stagnated if the U.S. continues to stop Chinese EVs from coming into the U.S. We need some competition in order for automakers to grow. Even though I am a Tesla owner, I do not want Tesla to dominate the EV industry in the U.S.
Just listened to Janet Yellen babble about how this tariff will hardly affect the American tax payer when it was shown to her that when Trump was in office that is exactly what she said and then she continued to lie some more.
The quality of these Chinese cars is very good. Us needs to up there game.
When bullying China is a consensus and the US can pass any law it sees convenient I really don't think this is worth discussing.
The US is expected to subsidize Tesla with $34B 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 $ 3.7B.
So the American company got subsidized 10 times more than the Chinese company, out of the $119B in battery subsidies GM got about $21 B, 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 B, they get $20B in subsidies and they spend $10 B 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.
Question for americans is why do we continue pushing cars at 50k instead of producing at half that price
THE GLOBAL EV MARKET PROJECTION BY 2030 IS AROUND 9 TRILLION DOLLARS. IT DOES NOT MATTER WHAT WE AMERICANS DO OR WANT WE ARE NOT AS SIGNIFICANT AS WE THINK WE ARE CONCERNING GLOBAL TRADE.WE ARE ONLY 350 MILLION IN A WORLD THAT HAS 8 BILLION PEOPLE
THE CHINESE DOMESTIC MARKET IS 4X OUR SIZE AND CHINA IS THE WORLDS LARGEST TRADING PARTNER. THE U.S AND EUROPE ARE NOT THE WORLD.
As the largest oil importer, China is determined to develop electric vehicles. Even if the western countries stop promoting electric vehicles, China will continue.
In addition, many countries in the world are short of oil, and there is also a demand for electric vehicles. I just saw a news that the share of electric vehicles in new cars sold in Nepal has reached 60%.
Love the double use of navigate in the title. Keep up the good work on title naming.
US punishing their own citizens with these tariffs. 😂
Should be 300% on everything from whiny the poo poo land
@@Jeff.55649 yeah $5000 iphones for you
Chinese don’t eat the tariffs. The tariffs become a tax for the American consumer.
Yes!! Through Mexico...
It will be a tax on American. U are already paying additional tax on stuff u buy in Walmart due to tariffs.
Think through it. Even if Chinese products are doubled in price, it is still highly competitive in term of price and quality ratio. So the dial won't move a bit with only 25% tariff on Chinese products. American importers and consumers won't blink their eyes a bit to choose other products simply because of that 25% tariff. So that 25% increase has no impact to Chinese export. The ONLY IMPACT it should have if that 25% tariff collected are SOLELY used to support American manufacturing.
But we all know that is NOT the case. The money collected are channel back to the government big coffer and eventually "trickle" back to the rich people's pockets. NO ONE is using that money to build more factories in US. NO ONE is using that money for moving our scientific and technology forward. It simply trickles back to the bank safe, sitting there just a number for the rich people!
In another word, Trump simply raised a massive tax on American people and ask us to THANK HIM BECAUSE HE STARTED A TRADE WAR WITH CHINA!!!
People all over the world are waving to their EV's rearview mirrors, saying bye bye to Merika. 🤣🤣🤣
Eventually? What does that mean? When?
USA to China: "what you think about our civilization?"
China: "it would be a good idea".
😂😢😂😢😂
China’s setting EV plants in Mexico! A win win fir both countries.
Al Gore peace nobel award should now be dumped in the garbage
We out here talking about $20K... the new BYD is $10K!
US talk without shame regarding fleecing consumers on price, quality & technology
For what reason sales of Chinese EV’s in the US is virtually nil
Make it 300% from both china and mexico.
China introduced Tesla when their domestic car makers are weak, now both much stronger,win-win
They are not even at your doorstep; you already wet your pants! Come one - stand up to the competition and make some great cars!
Isn't it supposed to be a global market. If any country makes a better product then do we not want to buy it, and should we not have access to it without our government blocking it?
NIO 🌋🌋🌋🌋🌋🌋🌋
Do not stop people from improving but to do necessary measures as to how to make one self more competitive instead and think of why you fail in the first place
I feel pity for the poor consumers...
why? they voted for this. you reap what you sow
@@cl0206 will the next president want those EVs? hardly
It's not bad at all tbh
Byd already confirmed they are not interested in the US market.
mexico has the most complete range of BYD cars outside china... good for them
Imagine if GM had developed the electric battery from the EV1?
They just cancelled their battery factory, figuring out that they needed byds ip (you know the one that the Chinese from the Americans which the Americans haven't invented yet)
@@LL-rm8xt What? Byds ip. What are you talking about?
@@rxonmymind8362 ooomaooo talking nonsense. GM started working with American battery maker A123 during the first EV wave, but had problem with factory fire in which two GM engineers were injured and manufacturing defects. The company was also steadily working with LG for much longer than most can remember.
@tooltalk That's why they are SO far ahead right? Lol. Working since the 90's and for 30 years have very little to show for it. Ok bub.
@@rxonmymind8362 Americans don't drive mini-EVs like Hongguang Mini..
American will pay double price if compare to developing country may be black market in America
Cnbc host never heard of WTO rules? Free trade which was espoused by usa and cnbc narratives sometime sgo?
The American auto industry is so bloated that no amount of subsidy will lift it up with high overheads and wealthy CEOs having fat salaries and fat bonuses even though the company is going bankrupt.
HAHAHA
China is already doing it through other countries. They set up factories there so it looks like it does not “made in China” product because it technically was made outside of China but by China anyway. What are going to do about that?
Exactly. Like playing whack a mole.
Bye bye UAW...we will not miss you
acthually I don't think stho
No shame
😂😂😂call Chinese EV will be national security risk like 5g 😂😂😂 we’re good at making up stories
china to impose the same % but not limited to export to usa.....just cannot imagine that american so clever to impose...they tried....failed but they do it again......not helping american but the other way round
If Chinese EV take over the rest of the world and they are sold in 100 over countries.. eventually some how it will get to USA.. or a Mexican EV maker can make EVs with Chinese Parts and put a Mexican brand on it..on a Mexican company with China parts
The new China ev factories will flood South and Central America with cheap quality cars. US people will get expensive clunks. Congratulations.
US is losing competitiveness. It is a strategy when they are losing. That’s what it means.
Trump said the seller paid the tax, 😊😊😊😊
Lol. Since when???
@@jojopapa7521 since he started the trade war.... chyna will pay the tariffs
China may choose to ignore USA and conquer the rest of the world via their overseas subsidiaries. Good product has its fair market and being cheap has its advantages and attention.
I'm buying byd 😂😂😂
The US politicians may have to revive the notorious "Chinese Exclusion Act" to stop the Chinese products from flooding in the US market..😂.
Why just EVs ? impose 100% tariffs across the board on all products,including electric toys-and use the tax money to reduce the ballooning deficit-"one stone,2 birds"(chinese proverb)
Big Guy needs the votes from the Unions...
"American Ingenuity"
I don’t see any reason why BYD can’t just build a factory in the USA and build cars ?
Yes labour would be more expensive but their factories are so automated that labour is a small part of the cost that would be off set by savings on Shipping and being eligible for the EV rebate .
Vinfast a EV company from Communist Vietnam is building a factory in the US and getting State government subsidies no reason BYD can’t do the same .
The US Immigration once declared the visas of China students invalid at the airport for no reason.
Under such circumstances, how dare BYD set up a factory in the United States?
Chinese factory in USA? USA will force it to be sold or quit any time.
@@charlietseng7774 Just like Tiktok
They are building one in Mexico
why? as if Beijing wants more USD$ 😊
Why america so weak now
B/s its leaders are toooooo OLD!
Answer: No problems 😂
Ali PAY
How Beijing Is Going Around The Corner While Going Around And Around Have Been Becomjng Few Questions. The Real Question : What Are The Costs On Both Sides Given International Trading Plays On Every Nation. The World Has Been Enjoying The Real Economy Up-Side Where AI Is Becoming The Next Play For A New Call On New Economy For The World. Sincerely ❤❤❤, KNT.
Michael is right and you are poor guys because you have no alternative in case of manufacturing in general. It is time for you, to embrace the beneficiary of environmental neutral products
The Chinese couldn't compete with gas engines because although gas engines are ancient designs, making them reliable is hard because they are complex, electric motors are simple. It took Hyundai 20 years to finally make a decent engine. But what the Chinese are great at is electronics. They been perfecting and building high quality tech devices and electronics for years now, and have the whole supply chain locked down. And companies like BYD started making batteries first, which is the weakest link in an EV.
China still can't compete with foreign battery makers and has banned them from accessing local EV market since 2016.
@@tooltalk Man you are out of date.
I am from Malaysia. As far as I know, most of the Chinese people that I know of knew and China also said so that they could not compete on ICE cars due to branding and not on the ability to make these cars. As a result they focused on EV cars as it gave China a new area to find opportunity . I wonder why European/American/Japanese and Korean car companies could have missed out .
@@limkheakwei4412 : no worries. China is getting spanked in the EU for discriminating foreign batteries -- aka LCR -- and other anticompetitive practices in EV. They are expected to announce a decision with similar CVD (countervailing duties) against Chinese EV industry with 60%-100%.
In addition to EV, China's ICE vehicles also compete for the global market.
In April 2024, China exported 390,000 ICE vehicles, a year-on-year increase of 41.6%.
If they go to Mexico then US should impose a tariff if the raw material is not from origin Mexico, Canada or US.
Following your logic, you'll impose a tariff on semiconductors (which US already did), if the rubber for the tires is not from NA (MX-US-Can), if leather is made from chinese products... the good thing is that you can still have free market and capitalism, only if US is the winner, but now that the Chinese are winning it's pretty hilarious all these situations🤡
Then you’ll pretty much destroyed trading with your neighbors as there are very few products that will have the raw materials coming from the same place, including most things made in the U.S. You can control the country of origin for intermediate products like EV battery, but those will still have parts from all over the places.
Have you seen the US auto maker and how many parts are slapped together to make a vehicle?
Not a viable solution.
Also China has 90% of rare earth minerals locked up because they invested in that in the early 90's and the US refused too.
Joe Biden🧢is a very good🇱🇷President💦🌊
Vote Blue!!! 🇺🇲
time to sell tesla
That would be Highly recommended. Tesla sales is shrinking month by month in China. I have been monitoring the stats
Looking at Tesla’s free competition in China, is the US government so unsure of itself?
What’s the point of arguing this nonsense in a election year ?
@CNBC Television
yankees thinking too highly of themselves. US sales close to ZERO for chinese EVs 1%