Deborah Elms, head of trade policy at the Hinrich Foundation, discusses U.S. President Joe Biden’s push to triple tariffs on Chinese steel and aluminum.
Biden’s push for more Chinese steel tariffs is a political decision, not an economic one: Analyst
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This woman should be our POTUS. She might be the only adult in the room
America has gone mad beyond extrication.
🥸🥸🥸🥸🇺🇲✌️🥳➕️🐒🍌🍌🍌🍌🍌🍌‼️🥸🥸🥸🥸
Another idiotic move by the US government.
Well said, thank you for pointing out key facts. Hopefully more will be made awared of the danger and not sleep walk into an unwarranted avoidable war. Choose peace.
👍👍‼️🇧🇷🇷🇺🇮🇳🇨🇳🇿🇦➕️‼️👏👏
China!
America also ban Chinese rare earth minerals as they’re a serious threat to national security. 😂😂😂😂
I like to see them try😂
😂HAHAHA. That would be REAL MADNESS ….it’s crazy now…but RARE EARTH METALS???
well, putin is now selling all the metals to china, then America would starved. it is not working for Americans. china is winning in every front now. chips, solar panels, green energies etc..
Chinese made toilet paper rolls will be a national security threat soon 😂😂😂
100%
😂
This is the US political trend now. Voters not interested to question their presidential candidates what they can do for them to improve the lives of Americans. But instead, they prefer to elect someone who likes to talk about China this, China that all the time even without any supporting facts. Again, voters just love this kind of BS.
That begs the question on the competency of the voters does it not?
That is reasonable why I never vote.
If I’m China, I will just do US a favor to stop them from making up BS. Just stop exporting affordable products to the US, and stop importing overpriced products from the US. Then we would have a peaceful world.
Wouldn’t surprise me if his boy ends up with a good paying job at Nippon. Probably won’t even have to clock in.
Even Chinese garlic is considered a national security threat (I didn’t make this up, look it up), so anything goes.
Everything from China is considered as a national security threat as long as it attracts votes.
I know right
America is on the decline 😂
Can you have someone normal? Why everone soo old? Aren’t you a democracy?
Blame it on their voters for electing old man for president. That’s probably why this country is a mess.
Democracy doesn’t work when you have stupid and uninformed people. Lol. Even the Greeks knew that.
It hurts nobody but US. If a product is inferior, you don’t use it in one thing. But banning it for political reason is against the principal of fair trade. There is a misconception China bans US products. Even Google and Facebook are not banned. They are just not allowed to monetize in China since they refuse to follow China laws. If you ever been to China, you see American and European brand everywhere. Like shoe companies, they will lose the Chinese market if they continue to politicalize everything.
The US will complain that China breathes too much air unfairly! and it’s a national security. The sad thing is that the clueless people actually support the vieillard. Campaign season.
China does not care. The US is a minor market for China. Pathetic.
America has gone kookoo
Only cowards will use lousy reasons to ban other country’s products
And steel prices will go up accordingly
higher inflation, buh-bye re-election. No to genocide Joe.
US is blaming all its ills on others especially China.
US is already losing the major part of the trade war – the chip war. China’s Huawei Just released New smart phones with the 5nm chip kirin 9010, Huawei is also working on 3nm chip which might be released end of the year. US sanctions are hurting It’s own market while unable to keep the dollar afloat, while Chinese are using more of their own products and boycott any US branded products like Apple and Tesla.
The USA is not able to make any coherent economic policy because it’s all about getting elected or re-elected.
🤡🤡🤡
More terrif means more inflation which means more interest hikes.
Trump has already said he plans to impose 10% tariffs across the board. If you thought inflation was bad before, just wait. They’ll be raising interest rates forever, to the moon.
Every issue is a political football. It’s all theater for domestic consumption.
I wonder which country actually buys steel from the US. Putting a tariff on China just telling everyone that US steel costs more to produce than from China.
Sometimes I wonder why US goods always costing so much while goods made in China is more affordable. People been ripped off by the US corporations.
There are tariff on ALL foreign steel because the entire world knows how to make it cheaper.
@@davidwong5197 The entire world is burning coal while U.S. Taxpayers are forced to hand over their wealth to a corrupt government and it’s connected “clean energy” parasites. 😕
US does not import ships from China. Ships are registered in Panama.
Politics is superior to economics in every way
First the uniparty offshored all our jobs/production… Now they’re going to “fix it”.
MSM just plays along.
Instead of working with people around the world building relationships and business partners we played the bullying sanctioning games. Trillions spent on wars and what did we got nothing but destructions and hatred towards us. Imagine trillions spent at home we would all have affordable housing, good healthcare and superb education for all Americans. How I wish one day AI would replace politicians. What a bunch of useless piece of crap and we are getting fed up with it!
This is just what happens when an empire is on its last legs.
Carnagie and JP Morgan are rolling their graves!!! This is a desperate pull for votes. Liars!!!
Cannibals ate biden’s uncle ?
Inflation time
America’s top 5 steel importers: #1 Canada #2 mexico #3 Brazil #4 south korea #5 japan, these 5 countries acccounted for 80%+ of total USA steels import. All these annoying moves, i hope china gets pissed off and just pull the plug on USA, so usa could go inflation up the roof… the way brandon puts it, look like USA putting the big hurt on china…I’m like today even SF mayor is visiting china. next week is Blinken…CHINA, PLEASE BAN THOSE USA POLITICIANS FROM VISITING BEIJING!!! In the USA, 24/7 anti china, i’m you guys need to be confrontational..chinese can’t take blows after blows, you guys are not the weaklings like 100 years ago..
European and Western kids especially in their 20’s have been brainwashed by their own government. I felt that during my backpacking travel. Their seniors agreed.
The US likes free trade only as long as it is beneficial to them. The US completely damages everything it stood for. It disregards International Law,
it doesn’t care for the UN Charta and it destroys the very fundamental of common law namely that contracts have to be adhered to. A central cornerstone of law since the Roman law was introduced 2000 years ago. Are you surprised that the Whole World hates the US by now ?
everything in the US is about election, not about the lives of the people.
Joe Biden is good at fooling the voters.👍
Less than 1% steel and alum exported to US last year.
Biden should ban China using US dallier in international trade and ban China buying T bills.
Complaining about Trump tariffs during election, then endorse it and add more after in the office. Typical it is not ok for you to do it, but it is ok if I do it. 😂😂
as a Chinese i Dou lf say fo business or not is one’s right. Not a big deal
She is clear
@1:45 that steely eyed pun/ humor got me laughing
THERE ARE AROUND AND OVER 2000 AMERICAN COMPANIES OPERATING IN CHINA GROSSING OVER OR AROUND 480 BILLION DOLLARS A YEAR AND AMERICAN EXPORTS TO CHINA AT AROUND 158 BILLION DOLLARS. APPLE AND OTHER AMERICAN COMPANIES OPERATING IN CHINA ARE LOSING MARKET SHEAR IN THE WORLDS LARGEST CONSUMER MARKET. PLAYING POLITICS WITH THE REVENUE OF AMERICAN COMPANIES IS STUPIDITY IN NSANITY AND PURE IMMATURITY.
IF YOU WANT TO BUY VOTES, JUST STUDY FDR. HE WAS THE ONLY AMERICAN PRESIDENT THAT WAS VOTED IN 4 TIMES. HE HAD TO DIE TO BE OUT OF OFFICE. HE TOOK CARE OF THE AMERICAN PEOPLE AFTER THE HELL OF THE 29 CRASH. HE IMPROVED THE LIVES OF HIS PEOPLE.
CHINA IS NOT ALLOWED TO EXCEED THE EXPECTATIONS OF THE U.S? CHINA SHOULD CUT DOWN ON ITS CHEAP EV MANUFACTURERS AND CHINA CAN NOT BUILD ITS OWN SHIPS? IT NEED AMERICAN APPROVAL TO EVEN GO TO THE BATHROOM. THIS IS NOT ONLY WHITE SUPREMACY BUT NAKED IMPERIALISM AND THE REST OF THE WORLD IS LAUGHING AT US.
It is ok, cost in America will continue to rise fanning the inflation to an even higher level.
no, it’s a economic decision. US will have too many steel when they recycle all the Boeing planes.
while majority the Americans are on the verge of poverty due to soul crashing inflation, the government is making goods even more expensive for consumers.
US politicians are the masters of hypocrisy!
Tariffs are paid by the importers (US) not the exporters (China). And the money collected goes to the US Treasury Department. So actually, this is just another way to tax Americans more.
China Steel is less than 1% of import into US! The US is a paper eagle!
Higher tariffs mean higher taxes for the people!
Not just tax. US Steel can now raise prices as well.
Election rhetoric politically base hot air to show that they are resolutely against the perceived china threats.
Its not an irony, its looser’s hypocracy. 😂😂
America is for the rich. No room for average people anymore.
Same old story, the rich get richer
While the oil companies laughing in the back ground at cheap EVs… And at the other end military industrial complex takes all the tax payer money….and Pelosi play us all counting her money laughing to the bank
playing a childish game in an adult world!
Can’t compete with China, increase tariffs, sanction it, banned it or tell Americans is a threat to USA National Security risks. 🤣
China should retaliate even if the export to US is low. Increase tariff of soya beans from US. Lazy bums US is underperforming. Yet they accused China of overcapacity.
Here’s a thought, why not USA invest in their own steel plant instead of spending billions on anti China propaganda and also dumping billions more into wars
best comment
If the workers believe that tariff on one percent of the steel imports can save tgeir jobs, it is wishful thinking
I am sure the Chinese will fight back and the ping pong game begins 😂
USA love cheap low tech Chinese products but cheap high tech products is not allow.
In March 2018, President Trump announced the administration would impose a 25 percent tariff on imported steel and a 10 percent tariff on imported aluminum. Democrats attacked him mercilessly, they rolled the tariffs back as soon as Biden was installed. Every liberal think tanks has eviscerated the tariffs as costing Americans massive amounts of jobs and money. So now how will they spin it? Reject these parasites.
Let’s analyze the logic here…
“I will impose tariffs so that they will later sell me more expensive products because I imposed tariffs on them”
it’s great…
In the world trade organization, the rules of the free market were established, but now you want to break them because you are no longer the only one who benefits…
US is a dirty player when it comes to competition.
She is paid by CCP
Who will pay extra tarrif on imports? Not China surely.
Lol. Politicians on both sides are trash.