The Biden administration has enacted a new set of tariffs against China that will hit up to $18 billion in imported goods, including quadrupling the duties imposed on electric vehicles (EVs) and doubling tariffs on solar panels and semiconductors to 50% each.
Bernstein Managing Director and Senior Analyst Stacy Rasgon joins The Morning Brief to elaborate on whether or not these trade policies will have any lasting effects on the United States, its demand for semiconductor imports, and the new avenues China is approaching to acquire more AI chips.
“The US just doesn’t import a lot of direct semiconductors from China… it’s maybe a few billion dollars, it’s not any more than that. So there’s no direct impact,” Rasgon says. “Now the indirect impact, you know again risks of further escalation… like counter like actions from China… those have been the issues that we’ve been dealing with over the last several years. By and large, they have been manageable.”
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Good!!
This is pure RACISM and showing the truth, American doesn’t really believe in capitalism that includes COMPETITION….which helps consumers..which forces businesses to produce great products at the lowest price..for the consumer to decide the winner. American doesn’t like China because of pure RACISM and the myth of white supremacy which China is showing is a myth..in all aspects!!!!!.. This is so,so,SAD!!!!!!!
Also this proves again is that American can’t compete with China!!!!!!!
Also, all this inflation is hurting American’s economy ….please look at history so many empires fell..high-inflation was a key reason overtime that destroyed empires….remember inflation makes money worthless, because it takes so many more dollars for the same service or products…as it takes more dollars..the dollars overtime becomes more and more worthless…this is BAD!!!!!!!
U.S. companies will loose China revenue due to protectionism…..American simply can’t compete..and consumers will PAY MORE!!!!!so, so , sad!!!!!
Also, all this is forcing China to be even more self sufficient in so many areas….American companies will loose access to the largest market in the world…just DUMB!!!!!!!!!!
US-China tariffs force China to be creative.
Taiwanese will be screwed…..
Not because MSM has this view on China does not mean its right. Actually its not. US have taken advantage of the world. China just uses another playbook which works better and US is mad.
The West is knly 12% of the world. China trades with the 88%.
US…..Stop complaining and get competitive!!!
So exactly when did Mexico become the 52nd state after Israel. First Biden wants or demands that Mexico stop migrants from passing through their country and now it wants Mexico to reduce trade with China. WTF, over. Is Mexico about to become the new recipient of U.S taxpayers dollars by fulfilling America’s will.
China’s always innovative and able to think ahead. USA just proving that they are the draconian society
US is not draconian, our government leaders are. Some are the walking dead and just haven’t figured it out yet.😂
that china needs to partner with
Doesn’t that apply to Taiwan? The official policy is they are part of China, let’s see how this goes???.
Should go farther. Cutoff all trading and diplomatic ties with China.
Then America will bankrupt. Remember, China owns 800 billion of America bond.
in a few years, that could be the case. let’s see what China does.
In a few years, there may not be a United States, judging by the way it is traveling.
The Chinese government subsidizes the steel industry, aluminum plates, high-speed trains, electric vehicles, aviation industry, batteries, solar panels, mobile phones, 5G, semiconductor chips, shipbuilding, rare earths, medical equipment, vaccines, masks, …..on and on
Chinese gov’t is FXXKing rich
Arrogance and ignorance are the hallmarks of American politicians.
it’s a internal matter. china doesn’t need the US they say, so why even pay attention?
Ironic.
When US auto makers were making record profits from the 80’s to most recently selling cars in China no one said a thing.
Fast forward to today. All of sudden China can make as of a good car the American… politician call the cars manufacture in China a threat, tariff at 100%.
Then there is the over capacity ??? What does that even mean. If that is the case then S.Korea, European auto makers and Japan are also at overcapacity. They export millions of cars to the world each year.
The reality is the US can not complete. So they have to resort to these dirty tactics. Why wasn’t there overcapacity when Ford, GM were making record profits and manufacturing cars in China ? Can you say American hypocrisy ? 🤔
I’m old enough to recall in the 80’s and 90’s here in North America. People were Not purchasing American cars. They were garbage. The cars were full of defect and was always in the shops for one reason or another.
The big three weren’t able to compete with the Japanese auto makers. So the US politician were against the Japanese auto makers like they are doing to China’s auto makers today. Look up all the anti Japanese rhetoric from the 80’s and 90’s. History rhymes.
🎼🎶🎵🎶😂😂😂Who cares
The US impose new trade tariffs and economic sanctions on China.
The US will discourage China and other countries from challenging the US leadership or seeking to overturn the established political and economic order.
The US must maintain the mechanisms for deterring potential competitors in other countries from even aspiring to a larger regional or global role.
The major US objective is to safeguard US interests and promote US foreign policy.
The US will not tolerate any objection that threatens US hegemony regarding US interests and US foreign policy.
If necessary, the US must be prepared to take unilateral action.
The US like to portrays other countries as an antagonists and as well as an adversary when the US face with competition in technology and high-tech industries that the US regard it as their domains and sphere of influence and will not accept any competition from another country.
The US accuse China of excess capacity in green energy.
The US like to use ambiguous words like decoupling, derisking, and tariffs in implementing trade barriers and economic sanctions against China.
The US wanted to destroys China and its economy in order to prevent China from competing with the US.
The US multiple sanctions is a deliberate attempt by the US to obliterate China in its economic and trade war against China.
The US sanctions has long been a diplomatic and economic tool used by US seeking to influence others.
The dense bureaucratic jargon and minute technical detail is a declaration of economic war on China.
In 2020, Huawei was the largest smartphone seller in the world, with an 18% market share, besting even Apple and Samsung. Huawei’s revenues plunged by nearly a third in 2021, and the company sold off one of its smartphone brands in a bid to stay afloat. By 2022, its share had fallen to 2 percent.
After 2023, Oct. 7, the US forbids any persons to engage in any activity that supports the production of advanced semiconductors in China, whether by maintaining or repairing equipment in a Chinese fab, offering advice or even authorizing deliveries to a Chinese semiconductor manufacturer.
The Oct. 7 rules represented the sum of everything U.S. policymakers had learned about semiconductors, supply chains and American power.
The Oct. 7 export controls, while crippling China’s advanced chip-making ability for the foreseeable future, may end up spurring long-term growth.
For China, the race for technological self-sufficiency presents perhaps a greater challenge than any the country has faced.
Now Chinese companies must innovate together or die.
US attempts to curtail China’s technological rise enabling China to endure the economic hardships imposed by the sanctions.
Breakthrough and refinements in China’s chip technology has fueled by substantial investments that creates a conducive ecosystem for research and a robust supply chain that facilitates production of cutting edge chip equipment.
The US is full of mischief by creating trouble and exerting its power and hegemony as well as economic dominance all over the world.
us is loser
keep that thought…there’s probably more to come-As Yellen explained to Xi.
@user agree
The United States desperate actions to hold the huge progress of Chinese companies. This kind of actions tends to hurt their own country
Doe US control China’s destiny?
Americans dumping iphones ipads Fords around the world, flooding the world with cheap soybeans and pharmaceuticals, subsidizing Boeing and EVs, Amazon which kills millions of local jobs around the globe, are these not overcapacity? Are these fair?
China’s space station. That’s what sanction does. I guess Biden is just trying to score some points for the upcoming election.
We all want to see Chinas response. Do they have the smarts to get what they need? Or, will they let emotions impact them further?
Probably not smart enough to match Joe Biden. So it is more emotions than tactics for China.
Whether China would do something stupid is yet to be seen but this move from US is not that clever, politically meaningful and practically meaningless.
China just needs to ban all trades in USD and you will see the whole economy shifts.
Hahaha, China and creative in the same sentence? It’s funny because we all know it’s impossible.
It’s China’s creativity that forced the US into this pathetic state actually.
What you know have no relationship to truth and facts. 🙂
wake up … cave man
The host is right. Chips are going to be manufactured in other countries anyway. They are supposed to be cheaper and better even it means they will be made in China. It’s not a new thing so don’t bother 😂 The states should focus on the real new things, like nuclear fusion, quantum computing, AI, MRNA tech.
It seems The United States is practicing communist economy, but the CCP is practicing free trade? In fact, the United States has sanctioned hundreds of Chinese high-tech companies, but China still has not implemented same retaliation, like CCP hasn’t even sanctioned Apple when Huawei got completely banned in the whole West, CCP even invited Tesla to set up a factory in Shanghai, gave subsidies to all EVs including Tesla, Why? Because China has experienced the failure of populistic economic isolationism during the Mao era.
Before the Opium War, the Qing Dynasty refused to introduce the Industrial Revolution, which led to a century of humiliation. Therefore, China knew deeply that Chinese companies and consumers need to touch foreign advanced technology and feel their products. If you don’t even know your opponent’s strengths, how can you compete? You cannot become a world champion in the swimming pool. You have to compete in the Olympics.
China can take tarriefs on the using of USD.
its easy… no more buying grain, bean, beef and poultry from the U S
And dump all of us treasuries bonds
hahaha cai gia cua xay lau dai tren cat DD
Biden imposed 100% on chinese goods for his own benefits for the coming General presidential election. He wanted to jump the gun before Trump does it .😂
China definitely will retaliate , Biden will feel the heat from poor Americans who already hard to put good on the table. Biden will
lose the election for sure .
When did Congress vote on this new law?
Full Implementation of New Decisions is Impossible, Absolutely, and in long term, only major problems and upheavals are possible, and in the short term…
China would stop buying from Boeing period.
From joining WTO in the early 2000s till today, the raise of China in large part owed it to the USA…
Is the other way round.
its their own hard working chinese people that formed the raise of China today. Not USA..
US market is really small compared to the global market for these tarriffed industries. It just further insolate these struggling american companies and make them less competitive in global markets. For example GMs, Ford making more pathetic expensive EVs to scam Americans while unable to sell anything outside the US.
yeah keep putting these restrictions, it will only make your country suffer while the rest of the world will develop and be more innovative
It is very stupid for politicians to feed american with fake news and demonising china. This makes American so ignorant about the truth in the world. Chinese will continue to open up and learn from the world, but American are locking themselves without knowing what goes on around the world.
Apple phone made in china,, increased to 100%
Samsung made in china i think the price is increasing double
No government-led economy can be creative.
Despite massive outsourcing by US corporations to PRC, PRC government has remained an economic FOE and military FOE! No amount of economic cooperation nor diplomacy will make PRC government an ally of USA or any nation! PRC’s diplomacy is coercive and deceptive. PRC’s cut-throat trade practices and economic aid/loans to other countries filled with debt traps. Japan’s geopolitical conduct, on the other hand, abandoned its imperialistic stance, no territories, practices friendly economic competition, no debt traps, outsourced its massive automobile industry to other countries (USA, Canada, and other countries) to provide employment, and a true ally! Japanese government genuinely protected its people by postponing the Tokyo 2020 Summer Olympics (sabotaged by the covid-19 epidemic) because the Japanese officials listened to its medical experts/people, put down their pride and honor, risked billions of US dollars worth of investments, profits and revenues in order to protect the people of Japan. Did Xi postpone the Beijing Winter Olympics??? NO!
The same comments by you are everywhere in YT
@@huanghermann5207 off course the same PRC propaganda everywhere,,, but my comments are relevant…. geopolitically and thank the heavens, Japan can be compared to PRC government…. the exact opposite of PRC
@@huanghermann5207 how about this, PRC government BORROWED a FOREIGN IDEOLOGY that CORRUPTED Chinese culture and heritage! One Child Policy, One China two system (for Hong Kong), One China policy (with a plan to invade Taiwan – no wonder Taiwanese would say they are not Chinese)…. Confucious, Sun Tzu and Bruce Lee would weep in their graves knowing One Child Policy slaughtered the future of the people of China!