Biden quadruples import tariffs on Chinese EVs • FRANCE 24 English 

It's fueling inflation to a higher level in America. It's the tax payers who pay for taxes.

If china did the same thing to tesla we would not hear the end of it.

Why sell a € 10.000,- car, when the public also want to pay € 30.000,=!! Do you know what a CEO costs?

Cheap and reliable goods is always a nightmare for US market.

subsidies to Intel, AMD? tax break to Boeing? forgotten loans to GM, Ford?

Germany is very worry , their car has Big proportion of Chinese parts ? ~~ 46% Chinese content, 39% Germany. -- The motor and transmission are made in Germany.

Are any Chinese cars sold in the US? No.” executive analyst Karl Brauer to explain the current status of Chinese car imports and their prospects for the future. Currently, there are no Chinese-branded cars for sale in the United States.18 Mar 2024

Seems like a good idea for those wanting Americans to walk more to improve their health and for those who want free public transportation to decrease pollution.

The US car companies were already on their way out of the Chinese market. This would put the final nail in the coffin ⚰️ for Ford, Chrysler and GM.

"There is no inflation!!!" Joey Cannibals Biden 😅

If one buys a Tesla in China, one also get tax benifit

So be it China will find other markets. Global south

Fact of the matter is, the US doesn’t have the necessary EV charging infrastructure in place. The US has only 68k EV charging points as opposed to 1.8mil in China despite being geographically similar in size. Don’t think the tariff has any consequences to China except being an election talking point for the current administration. But judging from the angry response in the comment section, that strategy might back fire. Remains to be seen.

His green dealy is looking a little floppy.

Oh dear, on the EV front what will happen is better, cleverer, longer range and above all far cheaper chinese cars will appear everywhere. The American customer will want them as opposed to the expensive, US offerings, yes even Tesla is too expensive. Tarrifs on import trucks decades ago meant the big 3 just sat on their hands on development while poxketing billions.

The overriding question everyone should ask is, why does China even need the US market, or care, given the size of its population?

lost compete ... 2024-5-14 Honda Motor asks 1,700 Chinese employees to voluntarily resign

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.

Who actually pay for the tarrif? The consumer. The truth is the high tarrif will make the Chinese company improve product quality and reliability. Which will give the Chinese company to compete in other part of the world with easy. Americans don't even drive American made cars. Why? Product overhead is high, with poor product quality, and lacks user friendly replacement parts. Tarrif is not the solution.

Terminator reload

Amazing😮, like other western countries, Biden administration so smart. No doubt guys, both Trump or Biden are the best.

The unilateral rules debased disorder runs the same tricks..😂😂😂

This is good because he can save his union buddies jobs and hurt Tesla and Musk in one stroke.

Better than the alternative, but still not good. Trump is calling for an even MORE INFLATIONARY and less nuanced tariff policy. #VoteBlue it's better than orange.

Yet called a trump a racist

😂😂😂😂 🤡 the West loves free market's and competition 😂😂😂😂