The Biden Administration has imposed new tariffs on $18 billion worth of Chinese goods. The sweeping tariffs will impact a wide range of products, including semiconductors, aluminum, steel, and more. The tariff on the electric vehicle sector will see a staggering quadruple increase, soaring from the current 25% to a 100% rate.
Yahoo Finance’s Jennifer Schonberger sheds light on the sectors set to see the most significant impact, delving into the strategic rationale behind the implementation of these new tariffs.
#Biden #stockmarket #youtube
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great stuff now people in the US can pay double the price
Enjoy the high inflation rate
The American people once’s agin will feel this. Paying 500 for tv will know be 1,000 someone wake me up
I think this would have been a good idea if the tariffs were even across the board. Wasn’t planning on raising taxes, adding more regulations and wasn’t trying to slow down fossil fuel production.
ugh
Bad move, Biden – but Trump’s proposals are WORSE
Explain
EMPHASIS ADDED: Trump’s proposal is more heavy-handed and would be more inflationary. (to translate : “heavy-handed” = over simplified so it’s easier for dummies to talk about)
As long as those interest rates stay where they’re at carry on.
Wouldn’t complain if they hiked up as a result, though.
Sure, raising tariffs on cheap EVs and cheap solar panels helps transition to green technologies. USA should add some more subsidies for hydrogen too, like EU, or poor fossil fuel companies will get homeless. Great example of market economy.
that just hurts the consumers
It’s official . Usa lost to china
Mad as a hatter.
The USA simply can’t compete. And we’re getting worse.The tariffs don’t save Americans any money leaving us w/ more expensive US products leading to yet more inflation. Biden is interested in one thing: taking care of the upper 1%. This is just Deep State propaganda. Biden will go down in history as the President who brought the US empire crashing to its knees.
Lol !
That ain’t gonna hurt China.
That’s exactly what the CCP wanted to sell their products cheap world wide.
USA is sanctioning and taxing itself to death.
Thank you Biden for making goods more affordable by other countries that’s not in your pack. Thank you thank you
This will not improve current economic conditions affecting the EV market. This just protects them from competition that can financially affect them. It’s not like there are a lot of Chinese EV imported into the U.S. EV stocks will go down again.
This is how u know USA lost to china
if you cant beat em, tax em
No we win
@@briantep458they not paying, you are😂
Is there any increment of tariff in solar panels from China?
Joe Biden sounding like Trump. What a crock! When Xi gets ahold of him, he’ll back down. Biden is owned by China. Why else would he stop the U.S. government from investigating where covid came from? He’s a coward.
American consumers will suffer
The economic war between the US and China has officially begun.
Thanks for the inflation Joe
thanks for taxing chinese EVs, now I can really afford those 80k USA Evs
Enjoy high tax country
trump can’t do that
We🙋🙋🏻♂are very proud🩵✅that 🧢President Joe Biden 🌎🦋💙
is our 🌊President🇱🇷.
Basically this set of tariff is mainly to help Tesla.
It’s just sad we have to admit our car companies didn’t innovate and can’t compete in the global market. It’s clear that they wouldn’t have been competitive products even with the same amount of government money some Chinese automakers got. Remember when some were calling GM “Government Motors” because of the all the bailout money they got? China still bought our cars after that. Buick used to be a top brand over there.
Only acts during champagne time once he wins he renegades..he fools noone ..you can fool the people sometimes but not all the time..
US: We’re all about fighting climate change!
Also US: Time for Chinese Exclusion Act 2.0!
Tarifs are Taxes for the US Government payd by the American Citizens. Not the Chinese.
The World is the Market. Not the US.
Free trade for me … Tariffs for you 😂 😂
Will the tariff still be applicable if Chinese EV companies move their manufacturing to Mexico to avoid tariffs? Loop Holes
well you gotta fund the wars somehow
remember when Toyota and Honda turned Detroit into a total joke in the 70s and 80s?
Read up on history. Detroit became a joke because 1) automation no longer requires as many workers, 2) the white flight. 3) then other automakers caught up.
@@tiberianexcalibur #3 and failed to adapt
people will still buy from china. this only will create further inflation.
No wounder inflation rate are so high in USA. Enjoy
This is how you know Biden and the democrats don’t really believe in global warming and it is and always has been Biden’s virtue signalling
1:04, EV battery tax increases to only 25%!!! should be 100% to be effective😂
By sending this message to China, the Chinese know the US has Lost. This will make China become even more independent and stronger as they become less dependent on America.
dude is asking for war lmao first russia then palestine then china the trifecta
So we are putting tariffs on Chinese ev’s that are not sold here? The American consumer rejected small cars because they were sold a fake hope we can “drill baby drill”, despite producing more oil than any country on earth already. We once again bought the sales pitch and hubris that bigger is better and we deserve it, although we didn’t need it and sold our souls for it. We are our worst enemy, we buy the lies and are proud to do so.
Cannot compete, third world country.
‘But but but Trump tariffs bad’ Joe Biden.
Surely, protectionism will kill your domestic industries faster than free trade.
The international community felt that the US Biden critical analysis that China’s BYD sold of 1.2 million globally, only 12,000 (from US source as reported), was sold in the US in 2023, but sold to Brazil 14.939 in just 3 months of 2024. Biden must ask himself. Why not totally ban the sale of BYD in the US entirely ! as well as all Americans branded products made in 🇨🇳 China with the “Made in China” tag but sold under the American branded names profiting a few 100 % profits. Just like Trump’s daughter, besides China and also in many countries with cheap labour’s labour and sold under her Americans branded names and profiting millions of dollars.
😮
Must be raise more precentage. 25 to 100 precentage is too less.
And also prevent that china company through by Mexico and Vietnam .
china will cut siliguri and annex the northeast.