Ben Harburg, founder and and portfolio manager at Core Values Alpha, discusses U.S. President Joe Biden’s decision to raise tariffs on $18 billion in Chinese imports.
China is girding itself for potential follow-on tariffs from U.S. allies, portfolio manager says
- Update Date：
- Post Date：
- Tags
China should play the rare-earth card now.
Soon, total block
Poor China has done that to Japan before. It didn’t work.
@@TeeHee-vo1bn oh yeah, i heard last time f35 production stalled, making congress angry 😂
@@andrean2247 And your point?
@@TeeHee-vo1bn
Japan and the USA complained to the WTO
That China was cutting off rare earths 🙄
And what are you talking about
The incident was resolved thus why it ended
The world 🌎🌍🌏 has 8 billions of people.
U ash has 330,000,000 citizens.
Europe plus allies has 600,000,000 citizens.
China is trading with the other 7 billions population around the world. Like in Latin America, Africa Union countries, Middle East countries, Central asia countries and Asian countries. So, what how China overcapacity. ❤❤❤
It’s simple. US and Europe are where the money is. No major industrial countries want to be flooded with cheap made in Ghina junk.
The thing is that most of the rest of the world is poor and can’t even afford a $10,000 car. Some of the Gulf countries, where oil is cheap, would still use gas cars to a significant number, except a few Latin American countries with enough of a middle class to buy the Chinese vehicles.
You expect cnbc to do math??
@@lalodaniels1388 That the problem with these narrow tunnel 🧠 brain. We the west can afford the best, while the rest of the poor countries can’t. Keep up with your thinking ” just like the frog 🐸 traps inside the well”. That’s why they keep lecturing the Africans, Asians, Latin American, Middle Eastern…..
Dude go get a lives…. the whole world are changing, they are seeing US and Western countries hypocrisy.
Cars per thousand people (from Wiki)
USA >900
Australia, France >700
Japan, Germany >600
Korea ~500
Malaysia, Brazil >400
Mexico, Russia >300
Thailand, Turkey ~270
—>> China ~238
Overcapacity ????
Remember when democrats criticized Trumps tariffs
Chastised. Trump’s policies offered the offsets and cross sell in agriculture to China. Biden’s offset policy is ZERO which is a full frontal trade war!
China should dump all of it’s US treasuries.
follow, really?
A loophole in pan-politicization is that the more extreme people benefit, which is why the U.S. government often makes some shocking and stupid moves. For example, if you graduated from Harvard University with a major in politics and worked as an assistant to a senator, earning only tens of thousands of dollars a year, you would have to make some extreme suggestions to stand out.
US run by mostly, if not, lawyers. China run by engineers who get things done.
@@kkay2000 Red China is run by the communists.
To investors, it is another clear sign that US EV as a whole is outcompeted. Their legacy auto makers were badly beaten by Japanese, and have never recovered. Their EV industry will probably never take off
Lol, Tesla practically created the EV industry. The rest are just followers.
America certainly has more to lose.
Not True, If the U.S. stops importing from China it will hurt China more than the U.S.
America tariffs Chinese companies while Tesla gets help from the Chinese gov.
THE CHINESE DOMESTIC MARKET ALONE IS 4X THE SIZE OF THE U.S. THEY ARE THE LARGEST TRADING PARTNER AND WORLDS LARGEST CONSUMER MARKET..THE U.S HAS 350 MILLION PEOPLE WITH A TOTAL CONSUMER DEBT AT 17 TRILLION DOLLARS AND A DECLINING MIDDLE CLASS AND STANDARD OF LIVING. CHINA HAS 1.4 BILLION PEOPLE OVER 18 TRILLION DOLLARS IN CONSUMER SAVINGS AND AN EXPANING MIDDLE CLASS. CHINA DOES CARE ABOUT THE AMERICAN MARKET THEY ARE LARGEST TRADING PARTNER TO OVER 6 BILLION PEOPLE.
WE AMERICANS ARE LIVING IN A BOBBLE AND HAVE NOT TRAVELED INTERNATIONALLY. THE REST OF THE GLOBAL COMMUNITY IS SO FED UP WITH OUR ARROGANCE, GLOBAL MILITARISM, ENDLESS WARS DESTROYING NATIONS KILLING MILLIONS. OUR SANCTIONS AND ECONOMIC WAR ON CHINA AND RUSSIA IS SLOWLY LEADING TO GLOBAL DEDOLLARIZATION.
GO AHEAD JOE PLACE 900% SANCTIONS ON CHINESE COMPANIES AND GOODS, AND WHILE YOUR ARE REVELLING IN YOUR POWER, YOU ARE DIRECTLY HURTING THE AMERICAN CONSUMERS AND THE REVENUE OF OUR MULTINATIONAL COMPANIES. OH CONGRESS JUST DECOUPLE AND ENJOY YOUR FANTACIES OF STOPPING CHINESE ECONOMIC RISE. BUT MAKE NO MISTAKE THE WORLD IS WATCHING AND DEDOLLARIZING. THE ECONOMIC HELL COMMING OUR WAY IN THE NEXT 10 YEARS WILL BE WORSE THAN TBE GREAT DEPRESSION. TO STOP AMERICAN ARROGANCE HUBRIS AND WAR MONGRING THE DOLLAR MOST GO.. GO AHEAD TOUGH GUYS, YOU ARE ONLY HURTING AMERICA.
The US is outpricing itself
Why doesn’t China just send all these cars to India.
THE CHINESE PEOPLE ARE GOING SIMPLY GOING TO BOYCUT AMERICAN COMPANIES OPERATING IN THEIR NATION. I HOPE DEMENTIA JOE HAS A REPLACEMENT FOR THE MASSIVE LOSS OF REVENUE AS THE CHINESE KICK OUT OUR COMPANIES FROM THEIR NATION. NATIONL SECURITY GOES BOTH WAYS. TESLA APPLE QUALUM BOEING INTEL AND THE OVER 2000 AMERICAN COMPANIES OPERATING IN CHINA GROSSING AROUND 480 BILLION DOLLARS START PARKING YOUR BAGS. THE AMERICAN CONSUMERS NEEDS TO UNDERSTAND OUR OWN GOVERNMENT HAS NOW DECLEARED ECONOMIC WARFARE ON US THE AMERICAN PEOPLE. TARIFFS ARE TAXES AND WILL RAISE THE PRICE OF GOODS IM AMERICA.
Near zero Chinese cars get imported into the US. So, what is the meaning of 100% tariff increase on zero cars? Re-election votes.
The tariffs are just meant to antagonize China and its working
China says it doesn’t need the US and EU so why do the complain
China can export all their junk to Russia and Africa
US is self harming and China will punish US some more
US can’t compete.
Wait till china s measured calculated response to USA? They are discussing with Putin and BRICS now- the appropriate response without hurting high value uSA investments within USA, and not burdening their peoples.
They will be at least equally hurt.
China, the country that failed to fail.
President Biden should have made it illegal for China to produce anything which can move.