China Vows ‘Resolute Measures’ After Biden’s New Tariffs
ฝัง
- เผยแพร่เมื่อ 13 พ.ค. 2024
- Beijing criticized the White House’s move to increase US tariffs on a wide range of Chinese imports, vowing to take its own action, without giving specifics. “China will take resolute measures to safeguard its own rights and interests,” the Ministry of Commerce said in a statement. Stephen Engle reports on Bloomberg Television.
--------
More on Bloomberg Television and Markets
Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: tinyurl.com/ysu5b8a9
Visit www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more.
Connect with Bloomberg Television on:
X: / bloombergtv
Facebook: / bloombergtelevision
Instagram: / bloombergtv
Connect with Bloomberg Business on:
X: / business
Facebook: / bloombergbusiness
Instagram: / bloombergbusiness
TikTok: www.tiktok.com/@bloombergbusi...
Reddit: / bloomberg
LinkedIn: / bloomberg-news
More from Bloomberg:
Bloomberg Radio: / bloombergradio
Bloomberg Surveillance: / bsurveillance
Bloomberg Politics: / bpolitics
Bloomberg Originals: / bbgoriginals
Watch more on TH-cam:
Bloomberg Technology: / @bloombergtechnology
Bloomberg Originals: / @business
Bloomberg Quicktake: / @bloombergquicktake
Bloomberg Espanol: / @bloomberg_espanol
Bloomberg Podcasts: / @bloombergpodcasts
--------
More on Bloomberg Television and Markets
Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: tinyurl.com/ysu5b8a9
Visit www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more.
Connect with Bloomberg Television on:
X: / bloombergtv
Facebook: / bloombergtelevision
Instagram: / bloombergtv
Connect with Bloomberg Business on:
X: / business
Facebook: / bloombergbusiness
Instagram: / bloombergbusiness
TikTok: www.tiktok.com/@bloombergbusi...
Reddit: / bloomberg
LinkedIn: / bloomberg-news
More from Bloomberg:
Bloomberg Radio: / bloombergradio
Bloomberg Surveillance: / bsurveillance
Bloomberg Politics: / bpolitics
Bloomberg Originals: / bbgoriginals
Watch more on TH-cam:
Bloomberg Technology: / @bloombergtechnology
Bloomberg Originals: / @business
Bloomberg Quicktake: / @bloombergquicktake
Bloomberg Espanol: / @bloomberg_espanol
Bloomberg Podcasts: / @bloombergpodcasts
Rich people's game, poor people's disaster.
US couldn't care less
@@badbadbadcat no . We actually really don't
US is filthy rich because you guys have companies.
You don't realise it, but you are rich. Give us your companies like Boeing, Tesla, SpaceX, GM, Nvidia, Apple if you don't want them
I stopped zpending money only for necessity
Not really. The money from the tariffs will be used to subsidize American production. So, China is essentially forced to subsidize American production. American goods will be cheaper. How much cheaper depends on how high the tariffs go.
Imagine Chinese vehicles being bought here with 100% tariff. How overpriced are the USA autos that they need to have these tariffs against China to stay competitive?
Should be ok amercian are rich anyway according to grandma Yallen
Cheap import cutoff American firms competitiveness because workers right and wage are higher in the USA
if it is really just 100%. Chinese ev would be still very affordable and high quality compared to other.
It doesn't matter. The money from the tariff will be used to lower the cost of American producers. So American products will be more affordable relative to Chinese products. The Chinese can subsidize their producers as much as they want. Chinese money will be used to subsidize American production.
China products like these electric vehicles are heavily subsidized in China. That’s why they’re able to sell them so cheap. Add to that the artificial devaluation of their currency and you have the cheap vehicles that’s been in the news lately. They’re not playing fair. Then again it’s China so we’re not surprised.
Syringes, needes, surgical gloves. Hospitals will now charge you 100x more for these items. Brilliant move.
Well hospitals is charging a toilet paper for $15-20. The bottom line coast of the healthcare cost will go up.
Glad someone realised this
Our healthcare insurance cost is going up. Thank you Joe Biden.
Yeah because some other country won’t step up and make them cheaper now. You act like it isn’t possible to make simple items like these.
@@Vikingpointsmake it? Sure. Make it at volumes and at the prices that you can afford….lol😂
😂😂😂 hey China ! We can’t compete 😂😂
American free markets only if we are ahead of you
Funny you say that yet China artificially devalues its currency to maintain an edge in labor 😅😅 .
“Hey world we can’t compete, us China will devalue our currency, subsidize our mfg , steal IP and make a fortune instead of playing fair haha “ that’s China in a nutshell.
MORE INFLATION!!!!
Now even more. Biden Spokesman announced sanctioning India as India and Iran signed a deal in which India will operate the Iran economic port for 10 years.
And keep those high interest rates!
The US government just loves the inflation.
Syringes, needes, surgical gloves. As if healthcare costs wasn't already insane.
@@itsoktolovechina Rates SHOULD be higher. Hell, higher rates will mean cheaper prices anyway. GG no re 🤏😏
U S A … Historical moment …. Bending the knee and admitting by Tariffs that it’s impossible to compete with China.
Yes, China gave the world Covid free of charge.
Lol, poor China has even higher tariffs. Does that mean it's breaking the knees kowtowing to us?
Yeah, China gave the world Covid free of charge, thank you, China
@@TeeHee-vo1bnhow do you know? You’re just propagating misinformation out of being anti-China, anti-CCP.
Remember when an 80,000 Tesla model S was 140,000 imported to China? Maybe we should ask them to make cars here, don’t forget to choose your 51% partners, now let’s have a look at your IP.
Poor little china
You are making people and U.S. companies suffer. Stupid move.
The American electorate disagrees. Problem??? 🙃
The government gets to collect increased tariffs, while people have to pay higher prices for goods regardless of whether they're made in the US or China. Lots of things we are using are not even produced here. If they intend to force Americans to by American-made goods, they better have domestic alternatives. Otherwise, people are paying higher prices for no reasons.
Lot of companies have moved manufacturing out of China to other countries. Production in China had become more costly. Is actually cheaper to produce in a lot of other countries instead of China
@itsallminor6133 Manufacturing moved out of China doesn't solve the problems the Biden tariffs trying to address, which is to create domestic manufacturing jobs here in the States. In the end they will have to raise tariffs on all cheap goods regardless of where they are imported from if they want to force Americans to consider buying American-made goods due to price parity.
Welcome to the plantation.
@@itsallminor6133they all import from china .
Show how competitive the US in a wide range of markets and products.
😹
Race to building crap with the bottom feeders? No thanks
@@itsallminor6133Building anything at all at competitive prices and with quality too. I’ll wait.😂
@@tat3179 food. It's engineered
@@itsallminor6133 food? Russia has plenty. Brazil has plenty
FAFO. China plays chess while the US plays checkers. The average American will suffer for this.
They'll be fine
@@itsallminor6133 🤔 I'd bet the thousands of people recently laid off by the tech industry giants don't agree with you.
@@itsallminor6133Most Americans know that the stuff they buy is made in China one way or another. It’s why people affiliate Walmart with Chinese-made goods. This tariff is nothing more than a boomerang.
You speak for Biden,not the rest of us
yeah wumao lol
Crime (Up), Rent (Up), Groceries (Up), Black on Black Murders (Up), Woke (Up), Illegals (Up), Geo Political Worries (Up), Gas(Up), Average 9th Graders grade's last two years (Down)
Wow, don't even try to hide your racism in her body, we know which side of the Al you lean to unfortunately, the brain worms have gotten you.
It’s much better than it could be…
Our healthcare insurance cost is going up. Thank you Joe Biden
Get Obamacare & save $800 a year. Lol 😂
TESLA can't survive without China. Maybe it is time for China to show Uncle Sam a lesson.
Lol, Tesla practically started the EV revolution. Poor China is just a copycat.
Sell off its $1b US bonds every week
China is a dying dragon.
Dead Dragon walking
Frig china
The United States is forced to close itself off by China🤣🤣🤣
When will the US open up???
Because china comparison is like that of tsunami ready to clear anything on its way. The natural thing is for people fragile house to close their doors, if not the answer clear🤣🤣🤣
@@bolajiayoola5179 Since American products do not have to compete with China in the international market and only rely on the support of American consumers, what about the rights of consumers?
This is by far more damaging to China. If you haven’t checked the US is fine. It is China that is flailing.
No, it means we see right through chinas unfair import tactics.
THE FIRST LAW OF BUSINESS IS. DO NOT PICK WITH A FIGHT THE THE WORLDS LARGEST CONSUMER MARKET.
Not really because you could hurt that consumer It's incontinent by making them pay higher prices at a time when they have record inflation.
@@teebone2157Chinese companies don’t pay for it, it American people pay more for the same things 😂😂
@@bluefish7940no. China will pay. It'll be onshored or offshored elsewhere. We don't need China.
THE SECOND LAW OF BUSINESS IS..DO NOT PICK A FIGHT WITH THE CREDITOR THAT OWN THE US DEBT, $800 BILLION DEBT AND CLOSE TO 3 TRILLION IN US CURRENCY.
China has the largest consumer market
Chinese products tremendously help struggling consumers in America , most big retailers gonna have to increase price as well
Why is china worried about this? Does it need access to US markets?
@@icu17siberiaWTFAYTA?!
Right, like poor China worries about US consumers.
@TeeHee-vo1bn thats not the point, point is americans will pay more now
@@icu17siberiaNo Americans need these cheap products.Inflation is high and people don't have money
Americans will be paying for the Tariffs. Have they found alternative suppliers?
Sure they will. Probably from Chinese owned factories in Vietnam and other South East Asian countries.
@@kamsunleong6648all import from china
deeper de-dollarization
Good. Dollar usage is essentially a tax anyway. Hyperinflate it away and bring back notes issued directly from the Treasury. 🤠
It is only going to be more inflation until they figure out what other countries can supply those merchandise.
Yay! More BS. 🎉
guess where all the tariff money goes to. it goes to the USA government.
consumers pay for the tariff through higher prices, the tariff is collected by their own government. 😂👌
In a word America is taxing their own citizens. ✌
Just buy American. Problem solved.
@@TW0man4RMY why
@@TW0man4RMY forced to buy American hmmmm sounds like soviet union
@@jacksmith-mu3ee You don't have to you can pay the 100% tariff...o-or are you not an American 😏
it's ok the US can afford the expensive stuff, while the rest of the world laughs at the US while enjoying the same goods at a cheaper price
China could put a million percent export tax on a key auto component. Without that one component, the whole car assembly factory would be shut down in the US.
Do eet.
@@TW0man4RMY done
you don't mud wrestle with a pig
Just a National Sales Tax that circumvents congress. Tariffs should not be subject to unilateral imposition, but here we are.
US Just announced they will Sanction India today well (India signed a 10 year economic deal to operate the Iran Port today)
Nice.
@@TW0man4RMY the more sanctions. The more usa becomes Germany 1939
Dump Bonds to buy Gold.
US 8000 metric ton Gold Reserves equivalent to 800 billion Dollars, the same amount owing to China, in short it belongs to China 😂
that would be a typical move. dump bonds and get 60 cents on the dollar...brilliant. Should have bought China bonds instead of US bonds anyway
Gold price in USD
Biden is so genius😍
Your about six month behind the time.. Most aren't going to be able to buy food in a couple months.
Well, I've been doing that since 2013.
If there's no tit for tat than the world will be ignorant of whats right or wrong.
Americans better willing to shell out more $$$ at the stores.
That money would be going to Americans instead of China tho. 🤭
@@TW0man4RMYnope . They money will be going to govt to Israel 🤣🤣
there's always temu for some stuff
@@pyrophobia133 I prefer temu over Amazon
@@pyrophobia133 temu is the worst. It is a cross between wish and a casino
TIT FOR TAT!
Impose 100% tax on American car brands like Ford, Chrysler, Dodge . . .
Do eet.
you know what, many Chinese customers love US cars, Buick ford Cadillac sell well in china,GM and ford really put a lot of effort on it,it might be destroyed
@@coalex9114 You conveniently forgot to note that those cars are built in China and those companies are forced to partner with Chinese companies to do so. 💅
yes,but GM said they really made a lot of money from Chinese market,well that fast money could no longer exist,it could be a win-win game
@@coalex9114 lmao what do you think a giant corporation that needs CCP approval to sell in China is going to say? That they DIDN'T make a lot of money in China? That China ISN'T an important market? 🤣🤣🤣
Wasn't it Racist when The orange guy did it?
Is racist no matter who does it
Usa jealous towards china
@@jacksmith-mu3ee frig china
Response: Apple 100% tariff in China…. Bye bye Apple profits
nonono,it won't
Really appreciate to the new tariff, Our third country will have chance to buy those products from China & export them to America.
Watch out American consumers, Chinese aren't stupid.
How does this compare to tariffs by Europe, Africa, or South America?
China shall impose 20% surcharge, when any buyer paying in USD instead of CNY. CN banks/derivatives market and will blossom.
This.
Imma trying to figure out how this move is gonna help our economy and our everyday lives. Why don't we just ban all products from chiina. Do we have any plans to manufacture these products?
that's right! you're only allowed to have higher prices items after 30%+ increase cost of living
Targeted tax revenue 2024: At least $10 T from $ 6T.
Just made all the upstream American value chain that relies on cheap steel uncompetitive in the global market. Yeah, we sure protected our steel factories but what about our appliance factories which are now forced to use expensive steel?
The competitive mentality is the right move. The protectionist mentality is the political move.
Trade war and tariffs contribute to inflation and damage economy in the long run. In the past, American consumers have options to buy range of products from price and quality. We will see the unintended consequences in 4-5 years.
This definitely won't end well... for the country choosing to sanction.
It'll be fine.
Among those goods subject to higher import taxes, most can't be produced in the US, meaning higher prices for consumers.
What measure ? Ban apple, windows and Tesla in China ?😂😂😂😂😂
So how is that fun 😭
American products already not selling that well compared to chinese made ones. Moron that knows nothing real about China.
Trade wars only hurt us all, keep laughing
raise prices on exports, which drive inflation up
ban intel and amd from participating in chip supply, which is something that's happening now.
Why in the hell are products from hospitals? Getting 50% tariffs. All that c*** means is practice. It will keep ordering and it's going to be passed on to. The patients and assurance companies are gonna raise rates.
Big Pharma are celebrating now. I have to buy some of their stocks.
If anyone thinks doing business in China as a foreign person is easy they are in for a very rude awakening. It’s not as straight forward as in Western countries. If you’re not Chinese or give majority of your business to CCP you stand no chance. China is one of the worst countries dir discrimination based on social status and ethnicity. Just look at the poor Uyghur community.
Ban or restrict gm ,tesla ,ford and other American cars companies.
Do eet.
@@TW0man4RMY they have already restricted sales of Tesla and other American car companies are loosing heavily to Chinese brands,very soon American car companies will be pushed out of business in china.
What Chinese EV's? Tesla's made in China?
His Clemency, maranatha! Men live not by bread alone but by every word proceeded from the mouth of God.
United States reminds me of Qing dynasty
You wish.
I hope they will sell in Canada.
Ask the Canadian electorate if they want more Chinese products to flood in. 😂🤣
So many dubious "oversupply" tariffs. Ship to Shore crane is over supply?
Government Challenges
The government challenges are one of the major challenges of doing business in China. The Chinese government has strict regulations and rules that foreign companies must follow when designing, developing, selling, and using products in China. This can be a challenge for many foreign companies that are used to following the rules of their home countries, as the regulations and standards in China can be different and complex.
Moreover, navigating the government bureaucracy in China can be a daunting task for foreign companies, as the process can be slow and time-consuming. Obtaining licenses and permits can take longer than expected, and any mistakes or missteps can lead to delays or even rejection of the application.
Additionally, the Chinese government’s policies and regulations can change rapidly and unpredictably, making it difficult for foreign companies to keep up and adapt their strategies accordingly. This can impact the appeal of the country as a destination for foreign investment.
Furthermore, there are also concerns about intellectual property protection in China, with some companies reporting cases of infringement and theft of their intellectual property rights. This can be a major challenge for foreign companies doing business in China, as they need to protect their intellectual property while also complying with the government regulations and standards.
Opening a Chinese Bank Account
Opening a Chinese bank account may not be as quick and easy as one might think, and it can be one of the biggest challenges for foreign investors who want to do business in China. One of the main challenges of doing business in China is navigating the complex banking regulations and requirements, which can be significantly different from those in other countries. For example, the documentation needed to open an account in China can be extensive and may require notarization, translation, and other authentication procedures.
Additionally, some foreign companies may struggle to find a bank in their home country that has a corresponding relationship with a bank in China. Without such a relationship, international banking transactions can be more difficult and less transparent, which can create issues for companies trying to establish a presence in the Chinese market. It is essential to work with a reputable bank and have a solid understanding of the banking regulations in China to avoid any potential issues that could arise from improper handling of banking transactions.
China needs to become proactive not reactive.
tesla is doing good in China, no more extra taxes,why can't Chinese car sale in US ?
Did the Chinese checks to Hunter bounce?
Cheap import cutoff American firms competitiveness because wage and workers right are lower in China
Why does Bloomberg Kiss the Ring so much ?
The tariff means that now other countries will get investment and can develop alternative production facilities without Chinese influence. It's better for the US to have multiple suppliers. The tariff is the first step to remove the lock China has on production. Other countries should welcome this and take advantage to develop their own production facilities. We all know the reasons why China wants to maintain the monopoly on production, and we shouldn't let them. One thing is clear the US should develop proper vetting procedures and country of origin checks to make sure China doesn't slip in unnoticed.
Tried . It goes both ways
Other countries import from china
China's crime here was building cheap products
people want to buy? Thank you, China. You care
about the poor people in the West more than their
own government does.
This is by far a good decision, as the domestic manufacturer/market should be the number one priority, not the low quality coming from China.
Let’s Go Brandon!
China's 🇨🇳 has a faulty economic model, which is unsustainable.
The Chinese goods production system is *not driven by market behavior* but by Chinese government-directed investment.
How sweet.
You are so concerned for China.
Keep it up chang.
If this is the case, the US government can just wait for China to collapse, why bother to interfere with it?
If this is the case? As long as the U.S. government waits for China's economy to collapse, it does not need to take any action to raise taxes.
The US government's increase in tariffs on Chinese products is a market mechanism? The United States also subsidizes semiconductors and electric vehicles less than China does.
@@user-sv7mg6qd1wChina uses forced labor
:3
Not mentioned: the tariff on Chinese made steel increased to 25%. If you don’t know, there are basically only two countries that make almost all the steel in the world: China and India. China produces so much steel, it produces as much as much as the top nine countries in the world, in terms of production, including India. India produces almost all the rest of the steel in the world. This tariff is going to force India’s steel to be significantly more price competitive. This could have very significant changes for the steel industry in India and the manufacturing industry in America.
Dan anda mendapat baja yang bermutu rendah 😂
Xi should come to American to beg for forgiveness and leniency.
Like your mom?
Like you did
😂😂😂 your grandma try it last couple months with her head.
What are you talking... begging to those stupid American officials. What a joke!
This will definitely increase Biden‘s votes.😂😂
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.
Dumplings? Yum yum 🤤
How many hands that made up 17 trillion business!!
Incompetent Murican crying reeee reeeee
And Biden needs to be hold accountable for lives in Gaza that is being genocided right now, as well as the lives of the people in Ukraine whom was sacrificed by US government to weaken Russia.
Xi Jin Ping has paid so much respect to human rights by providing its population with cheap transportations, good infrastructure, good life. Whereas US government has been talking nonsense about defending human rights while all that its doing is genociding, killing, engaging in wars, while its population is suffering from homelessness, drug addict, inflation, crumbling infrastructures, expensive transportation, expensive medical health care.
QArabicReja, you said .China🇨🇳 needs to play by the rules and respect human rights. Do you want China to play by the rules like the US has been doing? Giving military weapon and bomb to the Israeli govt and causing at least 45K+ death and counting or do you prefer China bomb other countries like the US bombing middle east for the last 40 years. I can provide you with the list on which countries have the US has bomb and the total casualties ...we talking millions have died. Tell me what do you mean play by the rules ? I would advice you to go back to school instead of opening your loud mouth....Probably a little to late for you to learn... due to your lack of intelligence.
Supplying Russia with weapons now has a downside .
What down side? Dumbbell Americans have to pay more for the same thing , your broke ass middle class on life support now.
No they don't. Unlike the one who supplies IDF and talks of peace and ceasefire at the same time.
@@kamsunleong6648 I agree with you regarding Biden's double standard, he protects white Ukrainians from colonialism while supplying and paying for the munitions colonist Israel uses against Muslims.
Supplying taiwan with weapons had its downside
Nice one.
Whatever you say Winnie The Pooh☺️
Obviously their Winnie is much smarter than your geriatric and ginger maniac
Yea? You’re a retard? 😂😂😂😂😂😂
Like your mom?
Grandpa is copying his predecessor Mr. Dump’s idiotic behavior… a lame comedian who has no originality…now a causing more nonsense troubles for people in all of world
It’s EV cost less than American diesel trucks 🛻 so it’s overpriced