Navigating how China can navigate Biden's EV tariffs

CNBC’s Michael Wayland, joins 'Power Lunch' to discuss how the U.S.'s tariffs on China EVs will affect the import of those vehicles.

[Dxeus]

US automakers will do everything they can to block a competitor from selling cars in the US, rather than just making a better product.

[johnmiller]

The Chinese don't eat the tariffs. Tariffs are paid by US importer which ends up being the final customer. It's like a US tax on consumers. The US will profit by doing nothing but collecting the tariffs.

[MetaView]

GM sells more Buicks and Cadillacs in China than at home. Most people did not know.
For some years, up to 80% of GM's Worldwide profit came from China. Think about that !

[Dxeus]

The excuse of saving American jobs in the automotive industry is complete nonsense. It's not about saving jobs; it's about hiding the incompetence of the US auto industry.

[jimkuan]

By the way, 25% tax on Chinese products imposed by Trump just ended up having a massive inflation in US. That tax is on American people, not on China. And that money collected is not used to help American manufacturing. It is just more money collected by US government and eventually flows to rich people's pockets.

[mrg]

Dumb. The cost just get passed to the consumers.

[monkeysezbegood]

US auto makers need to pull finger and stop delaying. China looked ahead and deserve their lead.

[jimkuan]

Chinese EV cars are not allowed to be sold in US. The Big Three won't allow it. 100% tariff on $0 Chinese EV cars is still $0.

[Bigjoe]

Xiaomi has created a fully automated factory that require so little labour, all robots once they build up enough volume and brand, they can built the same automated factory with little labour and still priced out their competitors

[mnm]

So it's not about the Environment, It's Greed.

[FL-GOP]

What US did with Japanese ICE car makers in 70s and 80s, the history is repeating. We know what happened. About time the US govt encourages better innovation.

[MrLchao]

China sells zero EVs in the US, so no impact.

[PhilipWong]

These tariffs are transitory just like Yellens's inflation.

When the US buyer imports goods subject to tariffs from China, they pay the tariff to the US government. This cost and any markup are typically passed on to the end consumer, meaning consumers ultimately bear the burden of tariffs through higher prices. The Chinese seller, however, does not directly pay the tariff; the importer in the US bears that responsibility.

China does not suffer the consequences of tariffs. The US consumers are being punished by having to pay higher prices.

In 2012, President Obama, as part of his plan to double the U.S. share of the world's solar panels from 5% to 10%, imposed tariffs of up to 249% on solar imports from China. In response, China retaliated by imposing import restrictions on polysilicon from the U.S. At the time, the U.S. held a 50% share of the global polysilicon market, but this has since dropped to under 4%. The U.S. share of the world's solar panels has dropped to under 2%. China has promised to retaliate just as strongly in response to any new tariffs.

[WyleCote]

US punishing their own citizens with these tariffs. 😂

[LightofBankai]

Chinese don’t eat the tariffs. The tariffs become a tax for the American consumer.

[apb]

Just listened to Janet Yellen babble about how this tariff will hardly affect the American tax payer when it was shown to her that when Trump was in office that is exactly what she said and then she continued to lie some more.

[bruceha]

EV technology in the U.S. will stagnated if the U.S. continues to stop Chinese EVs from coming into the U.S. We need some competition in order for automakers to grow. Even though I am a Tesla owner, I do not want Tesla to dominate the EV industry in the U.S.

[cbnighthawk]

Actually, America can rival the Chinese if they would only leave their hegemony mentality behind and have a relationship with the rest of the world as brothers and sisters.

[aaammm]

The quality of these Chinese cars is very good. Us needs to up there game.

[TheKkpop]

Byd can't cope with unprecedented strong demand for Seagull EV. It needs 12 months to fulfil strong global demands.