The biggest winner in the EU's tariffs against Chinese carmakers: BYD, a Chinese carmaker 

Amen!! 🙏

European and American automakers made huge profit in China. Chinese people buy expensive European car to trade for European to buy cheap Chinese cars….fair or not?

This is the second time in history that China has exported high-tech products worldwide. The last time China exported was china, silk, tea, etc. So, here is a free lesson about the original meaning of the term chinaman. Chinaman, as well as silkman and teaman, were the names for European aristocracies used by the commoner Europeans for thousands of years because they were the only Europeans who could afford china, silk, and tea. So, Chinaman is a term of admiration to Europeans. You must have heard of a type of furniture called a china cabinet. You may even own one and display your favorite china in it. Of course, you may not because they aren't cheap, and many Western families don't own one. Similarly, the meaning of Christianity used to be Godless because Romans had their God. The Asianman who crawled out of the virgin's pussy wasn't considered God in both Israel and Rome, of course, including Europe.

@@phyybalance2601European car makers are just concerned about massive profits forcing the Europeans to seek more affordable cars but EU tried to prevent that

They indirectly subsidize all their production. Wages are so very low. How much production can the planet absorb before we croak from overproduction. They are so desperate for hegemony.

And her kids and husband live in the US

That's why.

You mean that serial liar A US 🐩

It is also scheduled to increase tariffs on China on July 4th, the United States’ National Day, as a gift to the motherland.

US Democrats. Always remember 2 system parties and they represent 2 very different voters base

you laugh, until you get hernia and end up on the operating table in the hospital 😅

And then they double down to hurt themselves more.

Not really, not in the financial market.

​@@dimelo3027 The financial market is not as important as the above

Russia has all the materials, but the rest is right.

China can lean in to trade more with Asia without meddling too much into Russia's geopolitics.

@@pendulmonium Is there a finance market without materials and manufacturers?

Europeans (particularly, Germans) should be building nuclear power plants, en masse, not depend on imported fuel (be it from Russia or the Middle East or Venezuela or, of course, the US).

Bill Gates is involved with a company that plans to build a sodium nuke reactor in Wyoming. I think the US Navy looked at sodium reactors early in their nuke sub program.

​@@EliHaNaviRussia is the leader in nuclear power form mining to reprocessing, hence no sanctions on nuclear fuel.😁😁😁🤔

@@EliHaNavi The largest producer of enriched nuclear fuel is Rosatom (Russian state company), USA buys the larger part of its nuclear fuel from them. The largest uranium deposit in the world is in Kazakhstan - and was recently bought over by Rosatom. As Niger kicked out the French neocolonizers France had to start buying uranium ore at 10 times the price from them - just because the export price got adjusted to the one of the international market - and the mining operations are also moving into the hands of Rosatom, now Macaron is sending his troops to fight Russia cause his ancient reactors aren't profitable on fairly priced fuel. The first reactor working in a regular state able to use the low-active Uranium-238 is also developed by Rosatom, they're currently building their second generation of reactor running on what was referred previously as nuclear waste - completely dispose yourself of waste and generate electricity at the same time, you can force western clowns to pay you to dispose their used enriched uranium fuel. Oh, and also to mention the experimental nuclear synthesis reactor being built in Europe also relies on Russian components. While China is still behind Russia in this sector their scientific capacity is still respectable, they're on track to launching 4th gen reactors aswell (gen refer to safety standart mostly), plus Chinese companies also hold overseas uranium deposits (Namibia for example). What are the European clowns going to use as power source, sitting in the sun trying to photosynthesize? Their industry will be permanently sent in history before they figure out what to do with their energy sources, what's left for putting such plan in action.

"Generally".... China will shrug their shoulders, cut the supply of batteries and raw materials to Europe and the USA and shift focus to BRICS. They have South America, India (yes, India will take the opportunity), Africa, Asia, And now the Middle East. . THEY don't NEED USA and Europe.

产品力匹配时，中国人才会买国产车。欧美日的汽车在中国过了多久的好日子啊

That makes the most sense of this seemingly nonsensical action.

it applies to Tesla also, so no, it's just plain stupid posturing or misuse of power, or both. It doesn't really matter when on average China owns 70% of everything, and G7 combined maybe 5%, probably less. It leads to one supplier in the end, and a war.

European car brands have been established in the US for years I highly doubt the premature hitjob of competition. The G7 just got expanded into 25 specifically for cracking China "tech" imports.

Africa is the prehistoric ages bud who are you kidding? The future is the East.

Afrca's not quite there yet. I think the countries that have a lot of potential are in China, India, Asean and Latam. India's needs to improve its' quality of life, but I think it can improve.

​@@QuattroSG The East will trade more with Africa not Europe not North America not that continent at the butt end of the globe. 😂😂

Not until Africa kicks all US military out of the continent.. Be realistic, being delusional is not the path to development.

bull. my superpower country india is

No, the pre text prob would specify for foreign brands, same thing across Asia high duty for foreign cars

@@ssuwandi3240 No, this extra tariffs apply to all EVs manufactured in China, Chinese brands and Western/foreign brands alike. This is not just high duties for foreign cars, these are unilateral sanctions directed at China only.

Anything double taxed in nature will be offset. Only foreign China brands will not. C'mon you still think they're this stupid.

There is a saying in Chinese (not sure about the accurate): Sometimes, you lift the biggest boulder you can find to hurt someone, only to drop it on your own foot.

this is an excellent point! Americans play checkers or go fish and are not too good at either lol.

The most unfortunate was the thing the Chinese tried to play chess with The Bidens and got burnt horribly as the House kept ramping up the trail of money received from overseas. Including from China.

I thought it was BBC. 😂😂😂

Tesla has the compute!

BYD = Big Young Dong

Viet Dong

It will be a matter of time they will fall in line when their master snap their leash.

Are they bringing climate change forward or backwards. Do some self check

Au and NZ are 3rd and number one in per capita car ownership in the world. when you say doing well, it's easy to say double digit growth when they might only sell a couple of hundred cars into a saturated market. Looking forward Au looks as though it is going to leave the Paris agreement, as the govt gets a cut of around a third per litre from fuel.

@@antonyjh1234 the Aussie n kiwi market is very small so they don't count very much

@@yaoliang1580 And considering they are saturated even less.

Because Tesla is "american".

Because Tesla CEO, founder and owner is a white man.

Yeah. China just ruined their green economy. 😂😂😂

You could miss the point more if you tried.

Europeans don't need as many cars as their American counterparts. They are cracking China *tech" import in its infancy. Party because of China's mixed sign in Geopolitics since the affairs in Huawei got unfolded.

It's a shame they didn't listen to Elon in 2006.... 🤷🏼‍♀️

Relatively speaking, they are a little wiser than Toyota, which said "hydrogen is the future.".

劳动成本😂，印度成本低，你会怕他们吗？

Can it go against Brussels and Washington on its own?

@@hamlet2017 I sure hope Washington has nothing to say about this, that time is over.

There are still a lot of people putting their heads in the sand. Go to comment sections under auto review/news videos, and you see comments rubbishing anything Chinese. Fact is, they haven't driven, touched or seen real modern Chinese cars.

People from outside does not know this, China is not a socialist country in most ways, there is no terminology to suits what Chinese society is.

"back"

The East earns its wealth from hard work, the other earns its wealth from others' blood and sweat.

1) Why should the EU give deference to the US when US policies are destroying the EU? 2) How is killing the end customer beneficial for the EU? It will just generate more Brexit like movements in each country by the people who feel the EU doesn't care about their concerns. 3) Agreed. 4) Perhaps, but it's myopic regardless as it's moving the rest of the world away from the dollar and Euro. 5) Who cares about that goal other than technocrats? Humans will survive. As will almost all species. I think Germany will not become destroyed by an extra 1.5º daily temperature. They will get destroyed by policies that cripple their finances while emerging economies who don't care about zero emissions undercut us and outperform us over the next few decades.

Tasla wants to be the only one in Europe! I dont understand why the Chinese are wasting their time and money on the European market, its already a small market full of local well established european car companies. THere are bigger markets around the world. Ok BYD is building a factory in Hungary, what if after the factory finish, what guarantees the EU will not kick out Hungary from the bloc? It is well known the EU has no backbone it is corrupt and a slave to US corporate interest.

No it is not dumb...same play book as the Chinese...force tech transfer

@@alanccvoo Europe doesn't own the supply chain..Carmakers going back to Europe is Demise..

@@alanccvoo @alanccvoo Europe doesn't own the supply chain..Carmakers going back to Europe is Demise..

Europe today is a colony of the US

No tariffs in Australia because we were smart enough to get out of car manufacturing, we couldn't compete.

help chinese EV? with dinosaur tech

@@chingtuckmeng1122 "dinosaur tech" or not, people are snapping them up Made in China EVs, eat your little heart out!

What most people like you don’t get? Is it is US multinationals making the lion share of those profits inflating the trade deficit between China to the USA Where Chinese companies mostly trade with their Belt and Road country partners these days These US multinationals are the ones sending you that junk These US multinationals are still using the same highly polluting labour intensive factories formula. As they were using more and more illegal labour in their Chinese factories, smuggled in from South East Asia. Or more and more automation in their wholly owned factories in China these days These are the same companies who got those trump Corporate tax cuts you for sure cheered about Same companies based in China who derived 392 billion in sales of their goods and services into those Chinese domestic markets in 2018 when trump started his trade war Same companies averaging 20% to 40% of their earnings from China whose high flying stocks are in your 401k/Pensions Same companies who the American farmer and consumer were sacrificed. So the USA could try and get “more” or “better” access for the US multinationals, into those Chinese Domestic markets during the trade war Same companies whose HQ is in a North American city you can easily go stand outside and protest at…. Why didn’t China pull the nuclear trade option and boot these US companies you might ask? For one, it would crash the US Economy And the Chinese don’t believe in a zero-sum game type of thinking As I can show you during the trade war. China didn’t pull out their big trade weapons, in fact they were lowering tariffs to most countries not raising them 👇 Trump’s ‘trade war’ with China won’t be so easy to win Having learned these value chain lessons, Beijing has worked hard to bring more of the high-value-adding parts of value chains into China, and to build hi-tech industries in which it can establish a globally competitive position. China has successfully done this in areas like high-speed trains (CRRC), digital telecoms networks (Huawei), drones (DJI) and hi-tech batteries (BYD). Trump’s team is not wrong to be worried about China’s competitive emergence here, and to target these new-tech sectors in the latest trade war sortie. But here’s the problem: China exports almost none of these new-tech products to the US, making US tariff threats meaningless. Rather, they go to developing economy markets - many embraced by the Belt and Road initiative - where China has succeeded in building a hi-tech, high-value brand reputation. As Trump’s team will quickly learn, the challenge of finding China’s pain points is bigger than expected: for a decade China’s priority has been to base growth on the domestic consumer economy and reduce reliance on the low-value-adding export processing industries (many of which are US- or Hong Kong-owned and concentrated in the Pearl River Delta) SCMP

Europe's listed firms expect to glean $514 billion in revenue from China LONDON (Reuters) - European listed firms expect to receive 449 billion euros (£392 billion) in total revenue from China in 2019, with luxury brands and automakers the most exposed sectors, a Refinitiv analysis of company data shows. The data underscores the role China's burgeoning middle class is increasingly playing in determining the corporate and economic health of Europe, as concerns grow that their spending has slowed as Chinese economic growth cools. Among the pan-European STOXX 600 index, consumer firms including Swatch, Richemont and BMW, derived the biggest chunk of revenues from China - with a total of 120 billion euros sales from the country, the analysis based on companies' estimates of their 2019 revenue shows. Reuters

And even though these last few years China has been investing a few trillion (hidden loans included) in their belt and road partner countries 👇 China starts zero-tariff treatment for 6 least-developed African countries Positive move to continue bolstering bilateral trade, show demonstration effect By GT staff reporters Published: Dec 25, 2023 09:45 PM The zero-tariff treatment China had granted for six least-developed African countries officially took effect on Monday. Experts and industry players noted that the move will bolster trade between China and Africa while showing a demonstration effect for China's cooperation with other markets. The Customs Tariff Commission of the State Council, China's cabinet, announced on December 6 that 98 percent of taxable products from Angola, The Gambia, the Democratic Republic of the Congo (DRC), Madagascar, Mali and Mauritania would be exempt from import tariffs starting on Monday. Sarah Wang, executive director of Beijing Wise Century Trading Co, which sells a range of African products, told the Global Times on Monday that such measures will have a huge implication for trade between these countries and China. "With zero tariffs, these countries could expand the sales channels for their local produce, find new ways to generate foreign exchange reserves and create jobs," Wang said. The implementation of the tax break is a significant move contributing to fulfilling the China-Africa comprehensive strategic and cooperative partnership, and realize its responsibility under the WTO-led Aid for Trade Initiative, Song Wei, a professor at Beijing Foreign Studies University, told the Global Times on Monday. GT

Most Chinese knows US want to ruin China, so no Chinese car makers will build factories in US. If German brands falls in China they are not far from finish as the profit from Chinese market is the most for them. One BBA brand sells about 10000 plus in one week, how much they sell in EU? China is the largest car market for the last 10 years and will be in the future.

Turkey just put 40% tariff on Chinese EVs, I don't see China investing there for a while.

All still come from China, next sanctions 😂😂😂

电驴，e-donkey

And just don't touch that big subcontinent country. Too risky.

But they keep spending so I don't see their debt going away even with inflation.