Biden imposing 100% tariff on Chinese electric vehicles

President Biden on Tuesday announced a new set of tariffs, including a 100% mark on electric vehicles. The administration says the tariffs will help protect American jobs and consumers. Nancy Cordes reports.

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[cmartinmnl]

People just can't comprehend that tariffs are paid by US citizen and not by Chinese companies!

[papagen]

100% tariff on a $10k chinese EV still cheaper than a Tesla.

[zhoulinli-lcek]

Why just be honest by saying we cannot compete!!

[donkeyknight]

100% tariff on cars that aren't even sold in the US.

[_Negra_Arroyo_Lane]

Cheap EVs from China aren't the reason why Ford is losing 100k on every EV they build.

[MegaAndy]

Why? Because it's 11k and big auto doesn't like it.

[velavanlaack]

Keep slamming tariffs on Chinese made goods won’t push inflation down

[gaemr_o]

This is for the.. uh.. good of the people!

Tesla, Ford, GM: your check is in the mail.

[elijahtucker]

Ah yes, the american car salesman is glad about this tariff. Totally unbiased.

[LukasLwM]

No Chinese EV are sold in the US!! The 100% or 1000% tariff makes no difference lol

[codeagent]

We lost the competition. It is time to impose 100% tariff on Chinese cars.

[s.c.]

We cannot buy cheap cars then. If we can buy Chinese cars the cost would be only $10k.😢 National security and EV are not related things. Government is making us fool.

[mysticalwind]

Sanctions are definitely not the type of tools that a confident and competent country would adopt...

[garyladyman]

This will come back to bite the American consumers

[normanchan]

BYD has almost total vertical supply chain integration from battery to boot. That is why these cars are so cheap. There is no country in the world that is more efficient, fast and technologically advanced at manufacturing than China. There is a complete industrial ecosystem that services every level of production that can’t be found anywhere else. This makes development of products to scale up and hit the market at lightning speed. It’s not a question of if, it’s a question of when.

[priscillaferguson]

As if this administration isn’t subsidizing American companies for solar panels, agriculture, semiconductors, and Tesla

[nathanlopez]

Sometimes I feel as though the government works *against* our best interests, we can’t have nice and affordable things.

[huggybear]

US: Play Stupid game!
US: Win Stupid prize!

[montblanc]

0:49 the clips here are from 10 years ago, at which time BYD was still using its old logo. CBS doesn’t even dare to show BYD’s latest cars cause those cars are way too advanced!!!

[一國兩制-op]

Chinese EV car cost 10K in retail. This would make all other auto makers go bankrupt.