How might China retaliate against Biden admin. tariffs?

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China is vowing to retaliate after President Joe Biden announced new tariffs on $18 billion worth of Chinese goods. These include a 100% tariff on electric vehicle imports, 50% on solar cells, and 25% on certain steel and aluminum imports. Yahoo Finance Executive Editor Brian Sozzi joins The Morning Brief to discuss his exclusive interview with the president and how China is responding to the news.
"It's unclear precisely how China will react," Sozzi explains, saying that China may go tit-for-tat or decide to take their action even further. "This might just be the opening start here for President Biden. Do they take this even further in an election year when he and his administration want to highlight what they're doing in terms of manufacturing and bringing back jobs to the country, whether it's in semiconductors or other important industries?"
Biden told Sozzi that he believes China may be artificially propping up its economy, explaining that "China is fundamentally underwriting their entire industries." The president added that these tariffs are about "being fair."
In light of the new tariffs and potential retaliation from China, Sozzi says, "This economy, by all indications, continues to be growing...The world is not ending."
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Опубликовано:

14 май 2024

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Комментарии : 95

@joem0088 25 дней назад

China is busy addressing the 60M car a year market outside of US and EU.

@dundunsar 26 дней назад

re-election is more important than international trade 101

@kaijen2688 26 дней назад

Let the Chinese solar and cars in. Make the big 3 put up or shut up. Quit backing the losers and throw the money to the people. Oh you need to send us 15k for cars and 60k for solar as you just doubled or quadrupled prices.

@acuantjahyadi7393 26 дней назад

😂😂 Dunia sedang mentertawakan Amerika !!

@Onchebonche 21 день назад

China will "retaliate" by producing even more and a better quality.

@vegamoonlight 25 дней назад

The hilarious part of this is that Chinese EV's would only prioritize the Global South. After 2 years, Americans are still waiting for those Chinese EVs while their media keep on reporting the Chinese EV makers are scared. The tariffs on Chinese EVs will likely be used to fund Ukraine and Genocide in Gaza. So some EV makers are more doubtful to enter the US market. But then the US gov will convince them eventually after 2-3 years when their automakers couldn't make low-cost EVs. The US still has Tesla but it has very narrow options while the rest of the world enjoy more options for EVs.

@georgeorwell3573 25 дней назад

If there is genocide in Gaza, why did the UN just cut civilian casualty numbers in half?

@user-vb8yf8be3l 25 дней назад

Biden better be gone in 6 months

@blazeorangeandcamo 22 дня назад

He definitely lost my vote

@LL-rm8xt 25 дней назад

100% Tariff on US Subsidies Agriculture...... US is flooding the world with subsidised Agriculture. As for 51% ownership, the dropped that, why do you think Tesler is 100% self owned there, maybe they should bring it back in.

@crs1474 23 дня назад

So your crying for Is doing what China is doing on a larger scale?? What a loof 😅😅😅

@situationsixtynine8743 26 дней назад

I sure do hope so, maybe dump all the dollar bonds at once !?

@BrandyHeng007 25 дней назад

Ban Tesla in China 😅

@amiigose 25 дней назад

no, this time china want destroy dollar

@MetaView7 25 дней назад

That's not the Chinese style. They can do better, and they do.

@21boxhead 24 дня назад

@@MetaView7 CHINA WILL JUST FLOOD MEXICAN MARKET THEN EXPORT IT TO AMERICA FROM THERE

@crs1474 23 дня назад

They only allow outside companies to sell in China so they can steal their IP. Hence the emergence of domestic EV companies in China ever since Tesla began manufacturing in China along with other foreign firms.

@rosemaryspiota9836 22 дня назад

C hina has plenty of alternative customers.

@jesbsnrn 25 дней назад

Trump said he would do the same thing. Stop your double standards

@Im-mono 25 дней назад

Election reply on nationalism and protetionism, 😁 This is America, where is the freedom~

@blazeorangeandcamo 22 дня назад

Yes, but now I'd rather just see Trump come back so we can all suffer together

@pgdaszzz7399 21 день назад

On one hand, people are complaining about high CPIs, and on another hand, people are not happy about easy consumable goods and raw material import. What are you planning at all?

@jennyohara4011 23 дня назад

Can't China simply buy all its Wheat from Russia?

@RangKlos 23 дня назад

Can you tell me any good result Biden has achieved this term?

@gwoodlogger4068 23 дня назад

US is dumping cheap bonds on the world market 😊

@jdk9374 23 дня назад

Biden has just made my healthcare insurance cost higher. Thank you Joe

@bijanabadi3993 22 дня назад

You forgot about US tariff on medical import, face mask, etc.

@blazeorangeandcamo 22 дня назад

And steel and aluminum which means canned food including pet food. Get ready for another spike in food prices.

@luishernan5647 19 дней назад

So driving down prices is Bad???

@forestchild3511 26 дней назад

great news! let's do the 51% ownership and sharing of IP

@LL-rm8xt 25 дней назад

naaa, why not just steal it like with Tiktoc, Lies, cheats and Steals

@johnwayne8475 24 дня назад

China will put 100% tariffs on Apple phones and agricultural products.

@Adam6t 24 дня назад

no, they ban Apple

@faresar 24 дня назад

Nah Tim Cook visits china in person and signs mutually beneficial agreements with them. Apple is safe

@alhassangangu4357 23 дня назад

@@Adam6t when did China banned apple?

@Adam6t 23 дня назад

@@alhassangangu4357 citizens of China banned Apple not gov. look at sales

@Onchebonche 21 день назад

@@Adam6t👍

@emmanuelmwakibolwa735 23 дня назад

How did US became a dominant economic power in the world? What made US a strong economy?? Was it ready not to dominate markets in various areas? Was that situation sweet to US alone!!! Why not another nation dominate the markets????

@tariqzaidi4199 21 день назад

Senile

@vanmasterflash7153 26 дней назад

Bidenomics!

@fern8580 24 дня назад

Stop American bashing! Every day 136,000,000 Americans buy a product from a Chinese person, 190,000 Chinese students study in the USA, do 136,000,000 Chinese people buy an American product every day, are there 190,000 American students in China ?

@zhinan888 24 дня назад

Sell more US treasury

@HungTran-zw3tp 24 дня назад

China should add 100,000% export tax on all goods to US to help bringing back manufacturing industries back on US soil and thus Americans can use all printed green dollars to buy American made products. The non US-EU world would merrily trade with each others using currency swaps and stay away from the dollars or the Euros.

@ebonyharris2263 25 дней назад

If China wanted to increases trade it wouldn't retaliate.

@user-ks3bh1xe5q 25 дней назад

Wake up! Would China continue accepting toilet paper USD? Would you continue accepting toilet paper USD?

@MetaView7 25 дней назад

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 !

@user-fz2dv4dq8g 24 дня назад

China can't use those green papers, why do they want more ? Tell me any investments from China in the US that are not banned ? Any successful companies from China that are not banned ? none, that's why Chinese companies are not investing in the US market.

@comentarios-comentarios 23 дня назад

And don't you think it's the same logic for the US?

@ebonyharris2263 23 дня назад

@comentarios-comentarios that's the most obvious response. On a surface level it makes sense. But china doesn't buy or want American products. Whe I visited China twice ( I had a great time there btw) Google, RU-vid maps , Facebook and a slew of other apps didn't work there. The mark up for American products was through the roof . I paid 7 dollars for some lays chips. And almost paid 6 dollars for a snicker bar . If China wanted to increase trade it would have less tariffs and sanctions on American companies. That's why the US is reciprocating sanctions and tariffs on China. Do you thinks it's fair that one country has significant more sanctions another than that one has on the latter?