Europes madness reaches new levels; huge taxes on Chinese EVs changed

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4 күн бұрын

Europes madness reaches new levels; huge taxes on Chinese EVs changed
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#byd #europe #china #taxes #tariffs #evs #evnews
👇Reference to the news/charts & videos used in this video:
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Пікірлер: 578

@priscillaferguson267 3 күн бұрын

So what will the EU do when the Chinese public themselves BOYCOTTS their high end vehicles????

@janjson435 3 күн бұрын

As Sam already pointed out multiple times the Chinese market is already screwed for the European automakers since the Chinese prefer BYD and those other domestic EV makers. So in essence the European carmakers can’t possibly loose the Chinese market twice hence, the EC does not risk anything by protecting the European market similar to what the US does. In addition, what is the rationale of critizing the EU for protective measures serving the people that elected the EC and the EP while not critizing the over-regulating and over-protecting Chinese dictatorship in Bejing subsidizing the Chinese car industry (and in fact many other industries too) heavily based on a strategy for economical, technological and geopolitical superiority?

@agusedyanto3324 3 күн бұрын

@@janjson435 Subsidies on the EV industry in China are unreasonable, because if there were real subsidies, there wouldn't be hundreds of EV manufacturers going bankrupt in China.

@priscillaferguson267 3 күн бұрын

@@janjson435 That door swings both ways

@thomaskim3128 3 күн бұрын

China should not entertain this kind of disrespect. China should go its own way and let the EU go their own way.

@mchammer3927 3 күн бұрын

The dictatorship in the us has been subsiding Tesla from the beginning... And Genocide Joe approved more subsidized for domestic EV

@terrulian 4 күн бұрын

Hang in there Sam, we need you. Best to the family no matter what.

@barr96 3 күн бұрын

His white shirt is still hanging on 😅😅😅

@kafir9784 3 күн бұрын

😂😂😂

@FrankGallagherr 2 күн бұрын

Drink a shit ton of Fosters !

@SuhandiWijaya 4 күн бұрын

They think it's an insult, but China doesn't really care about the EU which only a small market to them, South America, Asia, Middle East, and Africa are enjoying. Let the EU walk backward as they wish.

@PelleGIT 3 күн бұрын

Are you serious? China is toast if they lose the European market.

@SuhandiWijaya 3 күн бұрын

@@PelleGIT are you serious? They are doing fine as it is now without the EU market. The world is huge and the EU is small.

@mariusmihai1292 3 күн бұрын

@@SuhandiWijaya😂😂😂😂😂

@PelleGIT 3 күн бұрын

@@SuhandiWijaya You are clueless. EU is not very big when it comes to population but when it comes to the economy and the purchasing power, EU is on par with China, only trailing the US. China cant afford to lose the EU market. They have already lost the US market. If China was doing fine without EU why are they always so upset when there are some taxes or tariffs implemented?

@simodovic1731 3 күн бұрын

@@PelleGITIf you look at the sales of Chinese EVs in Europe, they are very small, and for some manufacturers like NIO, it's a disaster. NIO has invested a huge amount of money in Europe, yet sales have been mediocre so far. The only exception is MG, which has seen relative success, making SAIC the most affected by the tariffs.Europe's message to China is clear: if you want to do business in Europe, you need to build factories or form partnerships with European manufacturers, similar to what China required from European manufacturers early on. Europe is indeed a significant car market, but the competition is fierce.

@williamlewandowski129 3 күн бұрын

Boeing had a monopoly on passenger jets. Then Airbus stepped in. The duopoly existed for decades. Now the Chinese have stepped in to disrupt that duopoly with COMAC. Time changes everything, and change is hard. Tariffs can be a short term band aid, but is not a substitute for standing on own's own two feet. Evolve or die.

@MrPropanePete 12 сағат бұрын

@@williamlewandowski129 Comac is yet to sell a single aircraft outside of China. No western airlines are interested in them.

@samijokinen9246 3 күн бұрын

It is not about environment, it is about German automakers all along.

@jantjarks7946 3 күн бұрын

Actually it's the other way around. Stellantis and Renault are hurt by Chinese cars coming to Europe. Exactly in their segment of cars which they produce themselves. Both obviously don't care about China, as they have no market in China anyways, thus Spain and France pushed for tariffs. Who is screwed is the German car companies, as they have large markets in China, but have to deal with the tariffs in China if they retaliate. It has a reason why German companies and politicians publicly declared that they are against tariffs, because it hurts them. Now the revised tariffs means nothing else that Germany lost out again, with Spain and France pushing through their position.

@larryc1616 3 күн бұрын

VW 🤫

@BACA01 3 күн бұрын

@@jantjarks7946 They were stupid from the first days when they invested billions and billions of dollars to build factories in china that the Chinese government can squeeze out at any time.

@larryevans6739 3 күн бұрын

It's about short-sighted German unions, not automakers. German automakers want to operate globally. The big problem with this is that Germany is facing a large generation retiring and a massive population decline, which will create a labor shortage. See population pyramid for reference. For German automakers to fund the retirements of the large generation in the process of retiring, they need to increase production efficiency, remain economically viable and increase gross margins.

@jantjarks7946 3 күн бұрын

@@larryevans6739 Retirement is paid by the retirement funds, it has nothing to do with the companies themselves.

@blcheah2672 4 күн бұрын

Right... lowered the tax... by 0.1%.

@brendankenny1332 3 күн бұрын

Do it!!!! China tax the ICE large cigarettes.......

@JCSY1 3 күн бұрын

They will.

@marklouieadame 3 күн бұрын

So if they put 40% tariffs on BMW, Mercedes and Volkswagen then 30% tariff on Tesla what now?

@MrPropanePete 12 сағат бұрын

@@marklouieadame Who cares!

@thinkingaloud5379 4 күн бұрын

The slight reductions are meant to insult China.China can insult them back hard and painful.

@mariusmihai1292 3 күн бұрын

China to protect their battery production conditioned electric vehicle producers if they want to sell electric vehicles in China to sell only with batteries produced in China by Chinese producers.

@vla6211 3 күн бұрын

Every knows which country rules and dictates EU. That 0.1% also means EU's sovereignty.

@ASmithee67 3 күн бұрын

It's not a matter of only cost. It's a matter of fairness in trade. You have the Chinese in Europe follow the same rules the Chinese government has applied to foreign car firms for the last 2 or 3 decades, e.g. partnership requirement, local ownership percentages, local manufacturing, local contents of parts and labor.

@madalincosma2531 3 күн бұрын

yes, this looks like a mindless cult here entertained by the viking LOOL

@krossbolt4100 4 күн бұрын

Europeans were the same in the space industry when SpaceX came along. ESA were dismissive and insulting to SpaceX. Now? SpaceX launches almost all European launches including Galileo and other very important European payloads.

@raymonddon8875 15 сағат бұрын

in s. america... we buy, sell, build, use & love chinese EV cars (only $9k per car) these cars are great and the price wont break families apart. thank you chine... just thank you!

@davidporch444 2 күн бұрын

Had first experience in ev. Cadillac Lyriq. Fully charged showed 312 mile range. It was hot that day 96F in US. Round trip actual miles only 220 miles. Obviously had to run air conditioner. Barely completed trip with only 20 miles to spare. Car reported “immediate charge required” as we pulled into starting point. I support EVs but technology has long way to, no pun intended

@manuelferreira4622 Күн бұрын

That is the real life, not the usual lies.

@JCSY1 4 күн бұрын

If this small insignificant reduction is really true, then It's a great insult to China indeed. China should probably slap 30-40% tax straight on European cars like BMW, Merc, Audi, Ferrari, etc. This will essentially kill all German and European cars in China on the spot. In addition, also slap extra tariffs, etc on other European products like wine, pork, dairy, etc as well.

@thinker4worldpeace 3 күн бұрын

They are dying already without being taxed.

@yo2trader539 3 күн бұрын

Aside from imported luxury vehicles, mass-market foreign cars are built in China by Chinese workers in a Joint-Venture scheme with State-owned-Enterprises. Less sales eventually results in Chinese workers losing their jobs.

@donblythe3766 3 күн бұрын

You sound as if you're very pro Communist Chinese party domination of the entire world, it is a stated goal of the Chinese Communist Party to rule the world away they rule China under absolute dictatorship. Is that what you want to live undera repressive fascist communist dictatorship?

@DamirBrc 3 күн бұрын

That would be exellent. Let China feed China people

@MauriceOldis 3 күн бұрын

@@DamirBrc and the world generally-food miles is a disgrace!!!

@chillfluencer 3 күн бұрын

Europe's like a marathon runner who tries to compete in the Tour de France - and has a lot of sticks which it tries to throw in the other one's spokes.

@slueccroll4661 3 күн бұрын

thats what every power does

@user-ee9xd4gr2k 3 күн бұрын

I feel for you and your family situation....keep your head up for the boys!!!

@danbuckles2745 2 күн бұрын

Tariffs have been around for years and have been used to protect industries from foreign governments of dumping something into their economy to kill it. It's a matter of survival and give a chance for industry to catch up and become competitive.

@drew_canada 3 күн бұрын

Life... what a rollercoaster. Just enjoy the time you have. It's all we can do. Thinking of you Sam. Your a hero to your family and I am sure you are doing the best you can. Don't be scared to cry.

@themiddlekingdom9121 3 күн бұрын

Was his wife passed away, may I ask ?

@archidube 3 күн бұрын

He never mentions his wife anymore. Was he just pretending she was sick?

@themiddlekingdom9121 2 күн бұрын

@@archidube Last time he told his audiences that his wife has cancer. I just wonder if he just kept it as private as I saw face and his words spoken.

@dougsheldon5560 3 күн бұрын

Let the quality of the product sort things out. Look at how lousy Vinfast is.

@sergiu0678 2 күн бұрын

For all those who believe that China will no longer have a market if the EU and the USA have closed the markets through import taxes. I would like you to analyze where these Chinese companies came from. They were all companies with different profiles from telephones, motorcycles or cars that were not heard of in the EU or the USA, but which took the place of expensive European products and sold enormously in emerging markets in Asia, Africa and South America. Just as they developed by selling cheap and competitive products in those areas where European companies only sold luxury products for, e.g.: Nokia, Alcatel... so they will also take the place of European cars which will ultimately have the same end, nothing will change.

@mrmawson2438 4 күн бұрын

Tax the hell out of ice and hybrids lower the tax for true evs cheers mate

@philmelb1022 4 күн бұрын

When they do that they tax the hell of evs.

@jasjordan1 4 күн бұрын

And when they do that, people will vote for politicians that will end subsidies for EVs and renewables and basically turn the public against those initiatives. You will be forced to pay full price and be taxed for infrastructure maintenance. Play stupid games, win stupid prizes...😏

@sheilah4525 3 күн бұрын

Stupidity.

@Gdesign959 3 күн бұрын

Yay just what we need in the world more taxes.

@sreville 3 күн бұрын

@@jasjordan1haven’t heard that saying before, I’m gonna use that 😁❤

@larryevans6739 3 күн бұрын

In addition to the Hungary plant being built, BYD's Uzbekistan plant just started mass production yesterday. Uzbekistan has trade agreements with UK/EU.

@xelkim9666 3 күн бұрын

Wait what? There's a BYD plant in Uzbekistan!? 😲

@larryevans6739 3 күн бұрын

@@xelkim9666 Yes. It started mass producing the Song Plus and Chazor DM-i yesterday.

@xelkim9666 3 күн бұрын

@@larryevans6739 Hungary makes sense to bypass the tariff but Uzbek. I follow BYD pretty closely but wow, thank you for the insight👍

@cenzoredworld 3 күн бұрын

You bring up a very good point Sam, US/EU are not increasing tariffs on Chinese made ICE vehicles, just the PHEVs/EVs. Sure, China is overcapacity on EVs, ICE vehicles they're just right, no overcapacity there.... what a joke. No, instead the west has been subsidizing their car industries for decades to perfect the ICE, now all that is going down, all due to short sighted industrial policy (or lack thereof). Instead of making the turnaround needed, they sat on their asses, watching a "global south" "failing", "no future economy", upstage them in EV and more still.

@Trust_but_Verify Күн бұрын

Driving these expensive cars in China would even be a bigger status symbol...

@Wandering_Bear 3 күн бұрын

It is sounding more and more that Europe isn't ready for EVs. China should, and likely will, match the tariffs of the EU, and this international trade will break down. Well done EU and USA, you can keep getting reamed by the oil industry. China is the single largest auto market so I doubt they will suffer much and they'll get far superior cars. It's sad for the world that they'll be insisting on continuing the massive air pollution, but this is nothing new.

@simodovic1731 3 күн бұрын

If you look at the sales of Chinese EVs in Europe, they are very small, and for some manufacturers like NIO, it's a disaster. NIO has invested a huge amount of money in Europe, yet sales have been mediocre so far. The only exception is MG, which has seen relative success, making SAIC the most affected by the tariffs.Europe's message to China is clear: if you want to do business in Europe, you need to build factories or form partnerships with European manufacturers, similar to what China required from European manufacturers early on. Europe is indeed a significant car market, but the competition is fierce.

@dyrectory_com 3 күн бұрын

China had cheap labour ans a large market for European brands, does Western Europe offer cheap labour

@CasperChicago 3 күн бұрын

@simodovic1731 I totally agreee! You are one of the few commenters who understand the unfair rules China places on all non-Chinese companies (not just auto manufacturers). The only non-Chinese company that is not forced to have a 51% Chinese partner is Tesala,...yes, 51% and they have complete access to your technology and manufacturing methods. I DO NOT agree with the Electric Viking 👈🏾

@ooatom8585 3 күн бұрын

@@dyrectory_com still, there is a huge long way to go in europe for chinese automakers, even without the tariff, european consumer need generally more time to accept the chinese cars, even they are slightly cheaper than the european cars. They just want to provoke for a trade war. Same story, you can find 5~6 years ago between US and China.

@archidube 3 күн бұрын

Europe gas to protect its own industry just like we are now doing in the USA. Once a country outsources an industry it is hard to get it back. They need more time to catch up and build electric infrastructure.

@janjson435 3 күн бұрын

It is easily mitigated: Produce the cars in Europe and the problem is solved. China has employed that philosophy for foreign companies for ages, for instance VW had to produce Santana and all models in China to be able to sell in China.

@CasperChicago 3 күн бұрын

Bro,...now you are talking! "Produce the cars in Europe and the problem is solved". But China does not want to do that, because if they do, they will have to pay EU wages,...not slave wages. All of the world auto-manufacturers have manufacturing plants in the US,...all of them!

@DC.409 2 күн бұрын

Apparently, China and the EU are now moving towards a negotiations stage, quote “China goes into panic mode over EU tariffs on electric cars, offers perks for German carmakers if they drop restrictions” 25/6/2024 Fortune. There is a lot more water to flow under the bridge before this is resolved.

@armstrongchan1417 3 күн бұрын

EU and USA building up high wall to protect themselves, but they only account for 10% of the world population... There are much bigger markets outside these walls

@ronmorris1191 3 күн бұрын

I thought Europe was about the environment, not preserving the auto industry.

@Jane-ch9yb 3 күн бұрын

Not really! They are full of geopolitics crap. The Dutch media is selling the ridiculous news that the Chinese government may stop your EV cars in the middle of the road.

@traderboi2662 2 күн бұрын

I’m fairly certain that the additional tariffs will simply be passed on to the consumer. The consumer always gets screwed in these games played by politicians!

@frankcoffey 3 күн бұрын

Where does the tariff money go? Does it just go into the government general fund or does it go to help domestic automakers? Also if the tariff is passed on to the consumers isn't that just taxing your own people?

@walterrudich2175 3 күн бұрын

Taxes are one big pool without any predetermined purpose

@fd2824 2 күн бұрын

This means nothing to me and most people around me. I didn't switch to electric for practical reasons, not because of the price. People I know who have gone electric have bought Tesla, BMW, Ford, VW. They simply don't trust Chinese cars. And yes, environmental protection seems to be the latest concern of politicians. In fact, any environmental problem is really an overpopulation problem. I doubt electric cars will solve much of the problem.

@TkoddaLee 8 сағат бұрын

These Chinese Ev cost around $10k but once u drive off the car lot it will be worth $5k or less in resell value doesn’t seem like a win situation

@nicholaspostlethwaite9554 3 күн бұрын

Chinese companies should market their cars at the price without the eu tax, and list it as an add on cost and who is taking it. Help to undermine the eu empire that is already struggling as voters turn away from them.

@MarcoPolo-hn8or 3 күн бұрын

EU politicians are a bright bunch of poop 😂

@constantinterteleac9595 Күн бұрын

On the other hand let's not forget the insensitive that Chinese car maker got form Chinese government, and probability still have. Soo. ...how to compete with that?!

@citris1 2 күн бұрын

Turn about is fair play. China should tax European cars at a similar rate.

@monkeyking-self-proclaimed7050 3 күн бұрын

They waon't be laughing soon cause they'll be eating poop.

@jctai100 Күн бұрын

Funnily enough, Euro brands that make their EV's in China will also be tariffed at a usually higher rate than BYD. The % rate has to do with compliance with the probe and how forthcoming the brand is with subsidy investment. A double whammy if German brands are tariffed in EU and China.

@MetaView7 3 күн бұрын

*Goodbye Porsche, BMW, Mercedes Benz, VW . . . It has been nice knowing you.*

@manuelferreira4622 Күн бұрын

Is that so? I think you are so wrong!

@MetaView7 Күн бұрын

@@manuelferreira4622 oh, i have forgotten to add Ferrari.

@johnniblueeyes2786 4 күн бұрын

What about Tesla Model 3 which is made in China and shipped to the EU?

@desasch1687 3 күн бұрын

Same question here! Tesla is always spared out and is most important for me, because I just ordered one. :(

@johnniblueeyes2786 3 күн бұрын

@@desasch1687 On the Tesla website here in Hungary it warns prices for Model 3 could be increased from July 1st because of increases in import tax.

@joehowe9532 3 күн бұрын

The Tesla model three made in China is also going to be taxed, apparently had an even higher rate then some other Chinese auto makers.

@larryevans6739 3 күн бұрын

21% additional tariff. 31% total. Tesla is trying to get an individual calculation, but I wouldn't expect it to drop much, as they (like SAIC) are based in Shanghai, which is considered to have the most generous subsidies at the prefecture level.

@desasch1687 3 күн бұрын

@@larryevans6739 Right after I did my previous comment, the dealership called. I will get my M3P tomorrow, likely on the very last call

@xiandarkthorne Күн бұрын

Time for China to start taxing European goods with similar tariffs and other similar measures.

@vanhocwong6689 3 күн бұрын

Companies have always found ways around tariffs - such as setting up in a country like Mexico or Hungary.

@wong3150 3 күн бұрын

The problem is that the US government has already announced that Chinese cars made in Mexico will not be exempted from their tariffs. They will plug all loopholes to deny any advantage to Chinese EV producers, similar to what they have done to deny China access to advanced microchip manufacturing by plugging all avenues. The US has warned Mexico against allowing Chinese EV companies to set up factories there.

@bubuneowoo6161 3 күн бұрын

I guess Apple, Tesla, Ford and GM should leave the Chinese market! Pathetic hypocrites

@janjson435 3 күн бұрын

@@wong3150Good!!

@williamerazo3921 3 күн бұрын

That’s the point. Setup manufacturing in those

@pritambissonauth2181 3 күн бұрын

You got a good point

@clausnielsen3155 3 күн бұрын

IN EU we have see how most of productmakers have gone bust the last 20 years, mostly due to govermet supported companies in China and the cheap labour from the same country, what is happening now is simply selvdefence.. If the chinese companies were competing on equal terms, it is fine by me, but the have the coverment behind them and that is simply not fair..

@janjson435 3 күн бұрын

You are spot on!

@shaundudley4576 3 күн бұрын

Europe is fairly Fucked

@hongsienkwee537 2 күн бұрын

Western car combustion engine manufacturers has been government subsidised too for decades!

@williamerazo3921 3 күн бұрын

Good for EU on saving their Auto industry from suppliers to union jobs

@timothykeith1367 3 күн бұрын

I haven't bought gasoline in more than a month since I started riding a bicycle. Savings are huge as I don't buy stuff i can't carry in a backpack. This month I only spent $500 and I have two homes. I'm getting a Yaris that I'll only use on longer trips.

@doovalacky 4 күн бұрын

Taxes (tariffs) are paid by the customer...it's an import duty. The manufacturers get hit by falling sales...which is objective

@defrigge 4 күн бұрын

Yes, and as I European citicizen I welcome these problems ten times over becoming slaves of Chinese despotic state economic imperialism flooding and overtaking western economies with dirty means!

@KuriosDiogenesJar 4 күн бұрын

Taxes also penalise a country that cannot be trusted and maintains local manufacturing ability. As Australia does not have a manufacturing industry, we will only need to worry, when Chinese miners have emptied the big holes in the ground an left without bothering to clean up.

@avdp9095 3 күн бұрын

Chinese cars don't sell at all in Europe,xexcept Volvo and MG.....Byd, Nio, Zeekr, Aiways etc etc, complete sales disasters

@bubuneowoo6161 3 күн бұрын

Ignorant much? BYD just shipped a full ship load

@norgepan 3 күн бұрын

@@bubuneowoo6161yes, but the cars don't leave the European harbors... It's actually a big problem...

@BenjaminWinrow 3 күн бұрын

The euro legacy automakers are dead in the water and they know it - they are just trying to pull as many down with them as they can, rather than take any lifelines and admit they have been wrong all along.

@davidlindburg1921 3 күн бұрын

As Thomas Hobbes once said 'Life is nasty, brutish and short.' The problem lately is politicians of all stripes are actively engineering the problems: unlimited migration to sustain stratospheric home prices, rents whilst keeping a tight leash on workforce wage claims. 😢

@ClownCarCoup 3 күн бұрын

The obvious problem for China is the HUGE trade imbalances between it and the EU/U.S. They have no leverage! They can’t force other countries to absorb their overproduction. China needs to be patient and allow their domestic market to grow and catchup with their production capacity.

@user-ul6oe7gt2l 3 күн бұрын

LOL, you j0king? In ASEAN c0untries, Chy!ynese EV's are in such high demand that buyers are on one year waiting list.

@bubuneowoo6161 3 күн бұрын

EU lost the last trade war with China! Ursula is just an ignorant Karen!

@shaundudley4576 3 күн бұрын

China has the largest domestic market in the world by far and growing apace. China is eating the white man's breakfast, lunch and supper as a snack. Cry more.

@BMA967 3 күн бұрын

With globalisation it is easy to forget the good things when you take them for granted. It is easy to hate the bad things. So we have had decades of falling prices due to China being the workshop of the world. We are going back to protected industry and far, far more expensive goods. This is to protect blue collar jobs. Are they worth protecting?

@jimmychoi5219 2 күн бұрын

Time for China to reciprocate and put similar taxes on BMW, Audi, Porsche, Mercedes, Ferrari, Lamborghini, Buick, etc..,

@chiaweinam 2 күн бұрын

EU is merely an American lapdog these days

@Ahda108 3 күн бұрын

All China needs just Up the MPG standard to 65MPG and EU cars will drop like flies

@loungelizard836 3 күн бұрын

"Giant Cigarettes", such an appropriate description for petrol cars!

@ilollipop100 3 күн бұрын

Only if you have a room temperature IQ...

@mb-3faze 3 күн бұрын

Oil people are loving this...

@btrts6431 3 күн бұрын

Europe and America are dying. These tariffs are a last ditch effort to buy time.

@PelleGIT 3 күн бұрын

Lol, China is the dying country here. Both their economy and population are in decline at the same time most of the world despise the CCP.

@joehowe9532 3 күн бұрын

It’s actually China that’s dying, not the US and yes, Europe is aging and is in decline. The US is actually restoring it’s industry and will be doing so for the next 10 years. It’s the brightest, most vibrant, and strongest economy on earth. 😮😊

@PelleGIT 3 күн бұрын

Not sure why my comment got deleted. What I said was that China is the country in decline with both its economy and population in decline. Plus China didnt even reach the 'middle income' before their decline started. Its only going to get worse from here as China continues to upset the rest of the world.

@btrts6431 3 күн бұрын

@@joehowe9532 All of the above are experiencing population collapse, even the US. Just because we’re not defending our borders (12 million in less than 4 years) is not a good step forward. We’re becoming a land of 1% elites and 99% indentured servants.

@delusion2987 3 күн бұрын

@@joehowe9532 american economy "growth" at the moment is AI&tech speculation and that's a bubble waiting to pop. rest of the economy isnt doing good.

@imgr5143 3 күн бұрын

True colors of the europeans.

@bwarey52 3 күн бұрын

European union not Europe thanks 👍 🇬🇧🇳🇴

@walterrudich2175 3 күн бұрын

They are protecting their own market. Why shouldn’t they?

@Ecksfiles5 3 күн бұрын

Aren't the ICE vehicles already taxed when you try to register at an extortionate rate in China. - That is tax.

@prilep5 3 күн бұрын

What about Greta and lowering carbon emissions EU doesn’t want cooler Earth 😢

@Nomads_Rowing 3 күн бұрын

G’day Sam, China/EU tariffs aside - I don’t think anyone knows how to cope in what are very testing times for you and your family - apart from being hardened on the outside to give support don’t forget about yourself - keep taking to those you know and don’t worry about being judged - you’re only human after all

@georgedoolittle7574 3 күн бұрын

There was a #strange story in the USA of the Country of Chile buying a massive methanol facility and having that shipped from the USA to Chile after the financial crash of 2008 only to have that shipped back to the USA to West Virginia where now this massive facility is operational. Does this help? *"my God their moving cars"* meets "my God they moved the entire methanol plant! And then moved it back from whence it came!" Seems like moving cars is a lot easier to me for some reason..

@briangriffiths1285 3 күн бұрын

Dunno how this will shape up in the UK but MG came 7th in May's new car sales just a few behind Ford! VW, Audi, BMW, Kia, Mercedes and Ford outsold them. Tesla were way behind at 2% of the market MG @ 4.9%. The MG4 has been a huge success here. And yes this is Euro protectionism.

@johnfrancis4401 3 күн бұрын

The EU is a massive market. The boss of BYD is building a car factory in Mexico which has tariff free trade deals with America and the EU The tariffs will be circumvented.

@wong3150 3 күн бұрын

The US government has already declared that all Chinese EVs produced in Mexico will not be exempted by the import tariffs. The US government has vowed to plug all loopholes like it did with denying China access to advanced microchip manufacturing. It has also warned Mexico against allowing Chinese EV companies to set up shop there.

@johnfrancis4401 3 күн бұрын

@@wong3150 Interesting. So is that position OK with the Mexican government? Did America unilaterally change the trade deal? I can’t see the EU pulling that stunt - because 26 countries would have to agree it.

@nanbutinanquibotiqui 3 күн бұрын

@@johnfrancis4401 l think that the Mexican government is just stunned; they will have to decide. They probably have no option but to abide by the US edict if they don't want to upset their trade relationship since Mexico now is the US' biggest trade partner. The NAFTA trade deal is still intact but this latest request should not impact on the agreement. This is similar to the US requiring all its allies to ban the sale of EUV and related machines to China. It's a very nasty American geopolitical power play but nations are helpless against a big bully.

@anywhereroam9698 3 күн бұрын

Big oil must be behind it.

@jureodar4 3 күн бұрын

If they want to participate on EU market thay can do so in cooperation with local manufacturers with full technology transfer of curcial components like batteries, these are Chines polices they should be proud that they managed to reverse the sitation.

@jonathanwalters4630 3 күн бұрын

It’s simples, when one country has poor working conditions and pay you have to tax those imports to protect your own workforce against cheap imports essentially made by slave or poorly paid workers.

@chestnutridge4187 3 күн бұрын

Those folks are out of their minds.

@Ilias875 2 күн бұрын

No one wants this , maybe some car brand. But you won’t compete with German expensive cars. The Chinese compete with affordable electric car which Eu want because they want all to drive electric for environment! And now most can’t afford ev. And Chinese is releasing affordable so it’s insane. And would have pushed European auto makers to compete instead , now they instead can keep selling expensive cars. Eu is totally insane sometimes.

@tedhauser7351 3 күн бұрын

Thanks!

@lordofsevenrealms 3 күн бұрын

Retaliation will hit hard

@Ranter-cy5dn 3 күн бұрын

And who paid for your recent trip to China…….?

@the_manofculture 4 күн бұрын

They don't know where to get money from to fund Ukraine. so they put insane tariff for the european people to pay them. 😅😂

@MultiMenvafan 3 күн бұрын

That's objectively the dumbest comment I've read today.

@BrunoHeggli-zp3nl 3 күн бұрын

Peanuts!

@walterrudich2175 3 күн бұрын

The EU are protecting their Single Market. Why shouldn’t they?

@williamerazo3921 3 күн бұрын

Exactly

@apsmith1635 3 күн бұрын

Sorry to see the Chinese viking cow towing after he was invited to visit CCP

@user-ib3ke5ee4u 4 күн бұрын

triangular trade to evade hyper taxes, yeah life is challeging.

@mctennys 3 күн бұрын

Good luck EU, brace for the impact.

@cryptocoinkiwi8272 3 күн бұрын

China: We think the tariff is too high at 45%. EU: OK, we'll go ahead and make a change 2 weeks later. EU: OK, after consideration we feel it was too high as well. How about 44.5%? China: *Facepalm.

@user-vl7jg8xf7x Күн бұрын

The market will determine what car engine you get after all Sam electric cars at the moment are not a good investment.

@eddylee3826 4 күн бұрын

America forcefully influenced Europe to impose taxes on all Chinese vehicles, even those that are environmentally friendly, while exempting non-polluting gas cars from taxation! This situation is utterly chaotic and unjust!

@joehowe9532 3 күн бұрын

That’s absolute nonsense! The Europeans were forced to put import taxes on EV from China because European auto makers don’t want to, or can’t make a good EV at a profit, especially the German auto makers. The Chinese government has also heavily subsidized Chinese auto makers and they have over built electric vehicles, and now they are dumping them on the world’s market. Most Chinese auto makers are losing money and many will go out of business. 😮

@jameswilliams5921 3 күн бұрын

Proof

@aj2228 3 күн бұрын

@@joehowe9532if the US does it, it's called "investing in R&D". If China does it, it's called "illegal subsidies".

@ravenrocha 3 күн бұрын

What it will be the additional tax for Tesla Model 3 manufactured in China? More 21%? What it will be applied? From the 4th of july? Its really going to happen?

@larryevans6739 3 күн бұрын

Yes 21% additional on July 4. The rules are to be finalized in November. Tesla has requested an individual calculation for the final rule, but it is unlikely to have a major effect, as they (like SAIC) are based in Shanghai, which is considered to have the most generous subsidies at a prefecture level.

@ravenrocha 3 күн бұрын

@@larryevans6739 I just had today the plate number for my Tesla 3 Performance 2024 that I bought in Portugal!!! Almost in last minute before these new taxes... With these aditional taxes it will be 10k more expensive from 4th of july!!!!! Its crazy. Thanks very much for your quick answer. I tried to alert a lot of people in Tesla FB groups in Portugal, but know one heard me and doens't believe me that the new taxes will be applied to Tesla Model 3

@mikapeltokorpi7671 3 күн бұрын

Chinese made. Includes Tesla's whole Model 3 sales in Europe. Tesla's absentee CEO missed the memo, so Tesla's additional tarrif will be full 38.1% starting 4th July. Invidual tarrif only four months later. Invidual deductions were due to assisting the investigation. Tesla apparently did not assist EU on this investigation.

@TB-up4xi 3 күн бұрын

The requests to assist in the investigation came from the EU - Tesla were told their assistance was not required. The 38.1% applies to SAIC, 20% to Geely, 17.4% to BYD - The commission has already publicly stated that Tesla will receive a specially calculated individual rate after 4 July.

@BrunoHeggli-zp3nl 3 күн бұрын

Game over for Tesla!

@TB-up4xi 3 күн бұрын

Only the model 3 is imported into the EU and it's by far the lowest seller The model Y is made in Germany.

@Billck24 3 күн бұрын

china should show gratitude of Eu effort by increase Eu car to 50%

@benjaminzanger2354 3 күн бұрын

just to clarify, these are not sanctions, but import customs. Not sure why you say this in the beginning of your video....

@dave1704fornow 2 күн бұрын

Damn right

@futo 3 күн бұрын

I don't see how large engine tax will really affect American and Japanese (assuming S.Korean too), since they don't sell as much as the German. Mainland China just absolutely loves German luxury vehicle, it's the prestige...so the German government sent their rep to China last week

@knudjepsen420 3 күн бұрын

Dear Sam, you are good on cars, stay away from politics, you are living in beautiful Australia, long away from the European way off thinking. If your country had an automobile industry I think this video would have been more correct.

@louisemann3306 3 күн бұрын

EU done it to please the United States.

@user-gt1bu 3 күн бұрын

Am I the only one who doesn't think it's a insult, but a joke instead😂 can't help burst into laugh. Are EU officials all kids?😂😂

@BhagavaanBhoogie 2 күн бұрын

Thanks

@electricviking Күн бұрын

Welcome

@willeisinga2089 3 күн бұрын

Tax ICE. 200 %. ICE RIP.

@Gdesign959 3 күн бұрын

Yeah just what we need in life. More taxes the government will fix it. Haha. Yeah sure

@willeisinga2089 3 күн бұрын

@@Gdesign959 Easy Money for the Government.👍

@seniordockman2946 3 күн бұрын

The EU should follow suit with China and subsidize their car companies that are selling vehicles in China. Don’t create tariffs, but rather match them subsidy for subsidy that will just be matching, but the Chinese are doing creating an unlevel playing field with subsidies.

@larryc1616 3 күн бұрын

EU can't afford it. Members will revolt

@bockmunleong4122 3 күн бұрын

The subsidies are not what makes the ev competitive. It’s the superior supply chain in China and the cheap energy from Russia. These 2 factors will hollow out German companies as they move their factories to China. Europe simply can’t compete, even if they put in enormous subsidies.

@larryevans6739 3 күн бұрын

EU heavily subsidizes their automakers. If there was a reciprocal investigation, adding up national, state and local subsidies, it would be obvious. Many EU automakers (VW, Renault, Stellantis) are partially state-owned. For comparison, per EV sold, US subsidizes multiple times as much as China. This really is not about unfair subsidies.

@hansweissmann_xviii6754 2 күн бұрын

Didn't this bloke fly to China 11 days ago? What's with these clips? He is still at home? He got sent back or what? Zero clips about the China trip? Odd, isn't it?