China vows severe retaliation after Biden imposes huge tariffs on EVs & batteries

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China vows severe retaliation after Biden imposes huge tariffs on EVs & batteries

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#chineseev #joebiden #tariffs #batteries #evnews

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These ev taxes are not to protect tesla/ev manufacturing, they are to protect legacy ice/hybrid.

TheKnutselaar
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Purely political. You can't "tariff" your way to efficiency. Will legacy automakers use this as an opportunity to catch up? Don't count on it.

ChrisR-xswp
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Our so-called leaders thought "free trade" was great when they were shipping our jobs overseas. Now when it comes to protecting Legacy Auto who have been too slow to move to EVs, Uncle Sam Swings into Action, raising prices for consumers.

buixote
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This is not tariffs on China, this is taxation of American consumers....

hunati
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It's a problem decades in the making. China "opened up" to western companies, allowing record profits while weakening domestic economic resilience in those western countries. Global consumers got cheaper stuff, which we all like. All that was fine while we all got along, but now the gloves are coming off, everyone freaks out and it will be economically messy. War sucks.

TheMighty_T
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Follow the money. This only benefits petro-corporations and ICE.

glasperlinspiel
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This is just like U.S.-Japan Semiconductor Trade war in 1986. After few years later, the market been reopened, and then 99% of US DRAM makers are went to bankrupted.

syletie
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The two parties in America are both atrocious for Americans

ciybersal
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Sam, give us the evidence that China is selling below the cost. You can do this in a promotion in a country for a short period of time but you can’t do it for years and years in the whole world.

Take for example a toaster, it used to cost an arm and a leg and after we got them from China it cost around $10! Same with clothes even many of the clothes now are not from China. Do you mean that Bangladeshi, Vietnam, India etc are selling below cost also? Please do a detailed cost analysis and provide the details. I always question myself how a toaster can be made that cheap considering all the metals, plastic, rubber, paper, ink etc have to be dug, extracted, produced, transported, processed, made in parts, transported again, assembled, packed, warehoused, more transported, more warehoused etc and then all the overhead and profit from all ends. The world has been selling toasters at this cheap price since China started to make toasters and nobody talks about selling below cost and overcapacity! I am still wondering and asking!?!

Can China subsidising the whole world for toasters? For irons? For kettles? For electric appliances? For electronics? For toys? Etc. All businesses have to make a profit and China has to make a profit to stay in business.

I am still wondering and asking. So please show me the facts and figures on production costs and not just statistics and deductions. I really want to know. Thank you.

dt
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i think China should start with banning iphones, Starbucks, McDonald's, Ford, soybeans, corn, j&j, proctor & gamble, then we'll see what happens😅

maynotbe
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Tariffs won’t hurt China, they can export to the rest of the world. Tariffs won’t help domestic auto, as they knew this day was coming for a decade. After all us auto has plants in China for a decade or longer. They are intentionally procrastinating to keep making money off ICE cars. Jim Farley admitted it when he said he was scaling back EV because they cost him money.

Who loses? America consumer pays more after corporations made money selling cheaper Chinese goods for years. I hope this backfires big time . Worker won’t benefit because they will be fired in the end from companies going bankrupt or them out of touch not knowing how to make EVs

PapaPiggie
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Most Americans will NOT be able to afford USA made EV's.

jasoncummings
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American cars in general are about to get much more expensive. GM, Ford- everyone will jack up prices knowing that the Chinese are locked out. We’ve been through this same thing before numerous times… back in the 1980’s the tariffs were against Japan as Toyota and other carmakers started coming over to the US in a big way.. these tariffs only cause prices to go up up up on ALL cars, not just increase battery prices.

nerdbikes
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40% cheaper solar in Australia wow nice. ❤

chassdesk
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BYD already started building factories in Bahia, Brazil. If any cars go to the US in future, it'll be from Brazil and not from China. Similar to what Tesla Shanghai does for Asia market.

basque
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The tariffs will not help US industry. Besides losing the win-win consequence of international trade through comparative advantage, besides the increase in price of non-imported goods which were already being made in the country, there is the effect on behavior when industries no longer have to be as efficient. Like the tariffs that brought on the great depression, these will harm economic activity.

thomassimmer
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We can still get CATL battery Tesla in Canada yay

ipower
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The only unfair economic practices I am aware of is the inefficiencies of US legacy automakers. It is sad we have let our automotive industry to fail, just like we did with the steel industry back in the 1980's

GabrielSBarbaraS
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The world will move forward with Chinese EVs while the USA will still be stuck choosing from cyber truck or cyber truck pro.

jamesspent
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Many media services in Australia are doing the same time to swing to honest media outlets! Keep it up Electric Viking!

nick