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How Americans may be affected by tariffs on China 

Yahoo Finance
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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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13 май 2024

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Комментарии : 79   
@bobdoe38
@bobdoe38 14 дней назад
Instead of 10k for a reliable EV, you pay $45k
@LivingLonger
@LivingLonger 14 дней назад
they said 'cheap EVs' but can't even built an affordable for all the people.
@308_Negra_Arroyo_Lane
@308_Negra_Arroyo_Lane 13 дней назад
And the American company (Ford), still loses $100k per EV sold.
@Rudolfo.Valentino
@Rudolfo.Valentino 14 дней назад
This is a lost battle. The retaliation will hurt American companies including the American automaker that sells a lot in China.
@Phil-G1075
@Phil-G1075 14 дней назад
Correct,,,, ✅ They have been working on this for the past ten years while America was still building gas an diesel engines. To late for USA , China has the patents and are 100% in control. Our administration should work with them and allow Americans to work at there factories like Tesla did in china
@jasons9826
@jasons9826 14 дней назад
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?
@Audittheauditors2
@Audittheauditors2 14 дней назад
The Chinese government does NOT subsidize Chinese EVs in general. The CCP "incentivize" innovation the same way the US "supports" their own companies. The US is simply manipulating words to demonize the PRC to justify the tariffs. If you can't beat them, ban them.
@LivingLonger
@LivingLonger 14 дней назад
China focus "for the people". Lowering the cost of products to benefit people around the world is not a top U.S. priority. The U.S. prioritizes protecting company profits. That is why more homeless, drug addicts and "flash mob" thefts are everywhere in U.S.
@CodeMeat
@CodeMeat 13 дней назад
hahaha, you got it right! The US always blamed the Chinese for copying this, subsidizing that. But think of it, if they were actually done this way, it is suiciding their own business and benefit all the consumers! And they have been doing such for 2 decades? All those are lies! The US simply lost its own game, so it went full-on stupid emo crying mentality. I think Biden and its cultists are just losing their wars and minds. Ah, seems the Europeans are waking up too, news said they dared to refuse the US's order.
@justmyownpersonalopinion
@justmyownpersonalopinion 13 дней назад
That's the whole point. $$$$$
@willeisinga2089
@willeisinga2089 13 дней назад
Tarifs on China means Taxes for Americans.
@Phil-G1075
@Phil-G1075 14 дней назад
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.
@typicalKAMBlover21
@typicalKAMBlover21 14 дней назад
“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”
@karlbmiles
@karlbmiles 13 дней назад
American consumers only pay for the tariffs if they choose to pay higher prices for Chinese goods with tariffs added on. That's the point. Don't buy higher priced Chinese goods, buy the American goods that don't have tariffs added on.
@typicalKAMBlover21
@typicalKAMBlover21 13 дней назад
@@karlbmiles Even if what you said works, the Americans stopps buying the cheaper Chinese products and only buy the American goods, the American consumers are still paying higher price tag. The worst is, products such as battery cells are not directly bought by consumers, but by EV manufacturers, the whole EV industry in the US ends up having a higher cost structure being forced to buy only American battery cells, resulting its being less competitive in the foreign markets. So, you are having everyone paying a higher cost for EV in the US while killing the export market for American EV industry. Why is this a good thing at all? Protectionism has not worked out for any country, not even once.
@huangzongming8226
@huangzongming8226 14 дней назад
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.
@keirenle
@keirenle 14 дней назад
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
@elliottblaauw4575
@elliottblaauw4575 14 дней назад
this is a blatant dissregard for the WTO rules
@nerenahd
@nerenahd 13 дней назад
I think about it all the time. At least other (non brainwashed people) like you see it too. If my country, Brazil, would increase taxes on US computers by 100%, the US would burry us with concrete inside the WTO. 😮
@karlbmiles
@karlbmiles 13 дней назад
WTO rules? Who cares? This is a global economic cold war.
@dltn42
@dltn42 14 дней назад
Prepared to pay more on SOLAR Panels? HAHAHAHAHAHAHAHAHAH
@mikhailmamontov2155
@mikhailmamontov2155 14 дней назад
Argentina was buying argentinian only, they had high tarrifs on everything, as an example. Now their inflation is 100 percent a year.
@karlbmiles
@karlbmiles 13 дней назад
The inflation came first, the tariffs are the solution, and they are working.
@sonnydelloyd3835
@sonnydelloyd3835 14 дней назад
the old dog can not come up with new trick
@jeffw4972
@jeffw4972 14 дней назад
Instead of working together to save the world, we will see more and more extreme weather with the worsening of climate change.
@robvannNS
@robvannNS 14 дней назад
Not to worry most countries will be driving quality and affordable Chinese Ev's ..Ameicans just get to pay a lot more.
@willgates8383
@willgates8383 14 дней назад
Weak leader in US , no backbone to do the right thing!!!
@johnnywalker2870
@johnnywalker2870 14 дней назад
US is soooo scared of mighty China! 😂😂
@Joelmonterrey
@Joelmonterrey 13 дней назад
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.
@YSKWatch
@YSKWatch 14 дней назад
keep everything expensive, but how normal people can afford? keep printing money?
@mcdeejackson1499
@mcdeejackson1499 14 дней назад
How can you build here if he's already sold out everywhere else
@drymoper2234
@drymoper2234 13 дней назад
Wow tariffs is like you dont have to produce the EV car and still make 100% profit 😂😂
@willgates8383
@willgates8383 14 дней назад
So much for following the rules based order !!! When US is disadvantaged in the competition, then no rules apply right !
@nerenahd
@nerenahd 13 дней назад
OMG, I think the same. It's a blatant disregard for WTO rules. What a hypocrites. 😮
14 дней назад
How are American manufacturers going to compete globally when they cannot obtain cheap China chips/components to manufacture their products?
@Moabi4
@Moabi4 14 дней назад
😂 the the last guy just act like China will be paying the tariffs 😂. Its US consumers who will be paying the tariffs. 😂😂😂
@Joeladgra
@Joeladgra 14 дней назад
You don’t understand. When China raises the product price due to tariffs, the american products or cars become more attractive for cosumers to buy therefore protecting the american cars or products.
@nerenahd
@nerenahd 13 дней назад
​@@JoeladgraThat's precisely Argentina's approach to foreign trade during the last century and look what they´ve achieved. 😂
@karlbmiles
@karlbmiles 13 дней назад
Only the fools that want to pay for a tariff on top of the value of the EV car. Most Americans are smarter than that, they'll buy an American EV that doesn't have that tax added on. That's the point of tariffs, raise the price of the competition as puishment for unfair policies.
@Joeladgra
@Joeladgra 13 дней назад
@@nerenahd You are actually comparing Argentina with the United States? 🙄
@nerenahd
@nerenahd 13 дней назад
@@Joeladgra Not exactly, just showing that countries that bet on high import fees as way to "protect" the national industry tend to create less efficient and competitive enterprises and hurt their economies in the long run.
@jaytan915
@jaytan915 13 дней назад
Protection from affordable products.
@gj8550
@gj8550 14 дней назад
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.
@OmarOsman98
@OmarOsman98 8 дней назад
China barely imports American brands
@OmarOsman98
@OmarOsman98 8 дней назад
The thing is most American cars that sell into China are in partnership with the Chinese state. So the Chinese state loses with decreases in American car sales to the Chinese market.
@gj8550
@gj8550 8 дней назад
@@OmarOsman98 As you correctly pointed out, American car companies other than TESLA are in partnership with Chinese companies and their share of the Chinese market is relatively small as well as shrinking. That said, China is still the largest car market outside of US. In 2023, GM sold 2.1 million cars in China versus 2.6 in US. If China sanctions the US auto industry, it would seriously hurt GM’s revenue. In recent years, Chinese buyers increasingly favour domestic brands as they offer better value and American brands may actually die without being sanctioned.
@mgs9735
@mgs9735 14 дней назад
It is all politics. Nothing will be good for regular folks like us.
@qianggong1696
@qianggong1696 14 дней назад
So much chinas in an election year!
@philipwong895
@philipwong895 11 дней назад
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 5%. China has promised to retaliate just as strongly in response to any new tariffs.
@geraldos9094
@geraldos9094 14 дней назад
Even with the tariffs it’s cheaper to buy the Chinese EV.
@brianhong301
@brianhong301 14 дней назад
CN should just sell at a higher price in the West or levy its on export tariffs on export of EVs rather than give them the chance to raise taxes on their middle income group CN's largest customers. US imposes tariffs to protect its oligarchs who fund them. With cheaper EVs old gas guzzlers would be retired saving US middle income $$$ and greener for the environment. Many cannot afford Tesla or even KR's ie., KiA as too highly priced now.
@justmyownpersonalopinion
@justmyownpersonalopinion 13 дней назад
China has other nations manufacturing ev and ev batteries
@michaelanderson3096
@michaelanderson3096 14 дней назад
Tariffs help the manufacturing sector + national Right to Work legislation. Unions are no longer useful.
@justmyownpersonalopinion
@justmyownpersonalopinion 13 дней назад
Investors are the only winners
@dundunsar
@dundunsar 13 дней назад
re-election is much more important
@peterl545
@peterl545 14 дней назад
Zero. We don't import Chinese EVs. All hypothetical.
@jeraldmillard4859
@jeraldmillard4859 14 дней назад
That's simple VOTES
@mrg4847
@mrg4847 13 дней назад
Dumb. The cost just get passed to to the consumers.
@mijmijrm
@mijmijrm 14 дней назад
Not mentioned is the stipulated ten lashes across your back if you buy a Chinese EV.
@hypnos9336
@hypnos9336 14 дней назад
let's go brandon!
@PutraMing
@PutraMing 14 дней назад
🎼🎵🎶🎵😂😂😂Who cares
@mcdeejackson1499
@mcdeejackson1499 14 дней назад
Two bad Donald Trump said something about this couple months ago
@Joelmonterrey
@Joelmonterrey 13 дней назад
Trump: Tariff everything China! Biden: Just target these 3-4 products that China overproduces with dirty energy and cheap, non-union labor.
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