How Americans may be affected by tariffs on China

President Biden is set to impose increased tariffs on $18 billion worth of annual Chinese imports. The tariffs will apply to Chinese electric vehicles, semiconductors, solar cells, and more. How will these changes affect prices for consumers?
Yahoo Finance Senior Columnist Rick Newman and Autos Reporter Pras Subramanian join Wealth! to discuss the new protective policy.
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[Rudolfo.Valentino]

This is a lost battle. The retaliation will hurt American companies including the American automaker that sells a lot in China.

[jasons]

I don't understand this. Where is American consumers' voice? Who is speaking out for the consumers? If Chinese government subsidized the EVs to make it cheaper than it should be, that is like giving money to consumers. I will buy 2 if I can. Why the hell is Biden make it 100% more expensive for American consumers?

[typicalKAMBlover]

“They pay the tariffs to ship it here” who are they? The Chinese company is not paying that money. It’s the American consumers that end up paying the tariffs. All that you do is to artificially force the Chinese companies to set up shops in Mexico, and American consumers are paying that additional cost of made in Mexico”

[huangzongming]

To protect the US car industry, consumers are not able to buy affordable and better quality cars. Car manufacturer has less incentive to innovate and lose competitiveness.

[Phil-G]

Let’s open borders for all and try and protect dinosaurs America auto industry. . Too late bud. You should probably work with them not against them. They aren’t cheap they are really good . Do some research.

[mikhailmamontov]

Argentina was buying argentinian only, they had high tarrifs on everything, as an example. Now their inflation is 100 percent a year.

[keirenle]

What do u mean "may". America is paid for the tariffs. But would it effect China? Yes, since America is big economy but remember China is the largest trade partners for over 130 countries and counting. Their stuff is everywhere, not just America

[robvannNS]

Not to worry most countries will be driving quality and affordable Chinese Ev's ..Ameicans just get to pay a lot more.

[Joelmonterrey]

With incentives, you can get a Chevy Bolt for 19K. American made, plenty of service stations when you need a repair or parts, and a familiar brand.

[willeisinga]

Tarifs on China means Taxes for Americans.

[elliottblaauw]

this is a blatant dissregard for the WTO rules

[dltn]

Prepared to pay more on SOLAR Panels? HAHAHAHAHAHAHAHAHAH

[jeffw]

Instead of working together to save the world, we will see more and more extreme weather with the worsening of climate change.

[YSKWatch]

keep everything expensive, but how normal people can afford? keep printing money?

[gj]

This is another dumb Biden policy. The impact on the Chinese EV makers is probably relatively low as they are not currently selling EVs in US. But China would probably retaliate and tariff the US imported cars and agricultural goods. Losing the Chinese market would seriously hurt these two industries.

[willgates]

Weak leader in US, no backbone to do the right thing!!!

[sonnydelloyd]

the old dog can not come up with new trick

[Moabi]

😂 the the last guy just act like China will be paying the tariffs 😂. Its US consumers who will be paying the tariffs. 😂😂😂

[mcdeejackson]

How can you build here if he's already sold out everywhere else

[drymoper]

Wow tariffs is like you dont have to produce the EV car and still make 100% profit 😂😂