Why EV Tariffs Won't Stop Chinese Cars

Today, China has the manufacturing capacity to supply half the world's cars. And it has its eyes on the United States. While there are already Chinese-owned brands available in the states, including Volvo, Polestar and Lotus, no true Chinese brands have arrived in the U.S. as of yet. Insiders say it's only a matter of time though. President Biden slapped Chinese automakers with stiff tariffs - effectively doubling the price of an imported EV May 2024. However, some insiders say tariffs may not be that effective in the long run, and may even do more harm than good.

Chapters:
0:00 - 01:45 Introduction - Why EV tariffs won't stop Chinese cars
01:53 Chapter 1- World’s biggest producer -
05:21 Chapter 2 - Tariffs
08:44 Chapter 3 - Alternatives

Producer: Robert Ferris
Editor: Darren Geeter
Animation: Christina Locopo, Jason Reginato
Senior Managing Producer: Tala Hadavi
Additional footage: Getty Images, BYD, Polestar, Volvo, Geely, Tesla, Toyota, Honda

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Why EV Tariffs Won't Stop Chinese Cars

[lololman]

"Overcapacity" is just another way of saying "US can't compete with China".

[mosestekper]

The kings of free market are now afraid of the free market system.😂

[nickgermanic]

So China allows Chevrolet, Ford, Tesla, Chrysler etc to sell in China. It the US doesn’t allow Chinese brands to be sold in the US?…
So much for free enterprise…

[noahhhr]

When they said "National Security", "Privacy", increasing tariffs. The actual meaning is to protect the interests of oligarchs, capitalists, and politicians.

[joey]

Why can't I buy an 11k Chinese car? I thought I was in a free and democratic country 😂 Please just let go those incompetent, greedy legacy carmakers...

[w.z.]

Why cant the US focus on improving ourselves, rather than stopping others' progress?

[paulfitch]

They US media says EV demand is dying. If that is true why can't US citizens buy these "un-wanted" EVs?

[youngchang]

I just came back from China, and I have to say, their big ESUVs are very impressive. They're roomy, stylish, comfortable, luxurious, and best of all, reasonably priced.

[naumtemnomedeusuario]

It's hypocritical for an American to criticize auto industry subsidies when their government provided over $12 billion in subsidies just in 2023.

[collinsoconnor]

Whenever the US is confronted with a product they are unable to compete with, you start hearing phrases like "it's a threat to our "national security" "😅

[elinong]

Over capacity argument on your competitor is when you cant produce a better and cheaper goods.

[IgorSilva-mzlm]

“No matter how tall the mountain is, it cannot block the sun.”

[fredfrond]

In 2012 Obama tariffed Chinese solar panels to the tune of 250%. Currently China makes 80% of the world’s solar panels. How did that work out?

[gandhikumar]

Image poor countries people use cheap high-quality cars while Americans use low quality expensive cars.

[Darkmatter]

You can't put a 100 % tariff on a product and call it "competing"

[jiayangsun]

No enough competitions, then consumers here in US pay 2x $ for a Toyota.😢

[chi-jenyang]

The US has overcapacity in dollar printing.

[chowroger]

Actually China government used to offer subsidies for Tesla buyers too. They really encourage people to buy EVs.

[David-frkc]

$11, 500 for a vehicle? With that price they would do GREAT!!

[AllanGarro]

Live in Costa Rica. Lawyer here with clients mostly from USA. Often show my clients my chinese MG RX8 for 7 passengers at $54k here, or my MG One with 3 screens and many features for $30K. My wife drives MG HS $45k. All gasoline, 5 star EuroNcap and even with our high import taxes my clients get amazed for level of equipment and turbo engines. They keep telling me about how expensive cars in the US have gotten now. MG also sells nice electric vehicles here.