What do Biden's new China tariffs mean for the economy?

Рет қаралды 10,899

22 күн бұрын

The White House announced new tariffs on Chinese imports Tuesday as part of an effort to protect U.S. businesses. William Reinsch, senior adviser at the Center for Strategic and International Studies, joins CBS News to assess the policy changes.
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Пікірлер: 137

@63saruman 18 күн бұрын

This administration is a joke.

@jakewolf079 20 күн бұрын

Translation: this protects American corporates but you the people will have to pay more for everything

@bluefish7940 20 күн бұрын

😂😂😂 how this good for the people?

@superoldgamesaturday3277 19 күн бұрын

It's good for Biden. That's it.

@earlvarner9479 18 күн бұрын

Dumb Dumb Biden 😊😊😊😊😊

@cherubimcherubim9515 17 күн бұрын

Tariffs is a tax on american. American consumers pay more for tariffs not China.

@larrycheesengchung8155 19 күн бұрын

This is a BS because US is not able to complete…..

@Ramesh98575 15 күн бұрын

If the Fed subsidies their respective projects to the level of which China you’re saying the US won’t be able to compete?

@larrycheesengchung8155 13 күн бұрын

@@Ramesh98575 But US spent all the money in wars….despite pushing the economic!

@tomhenry897 20 күн бұрын

Higher prices

@alextube2551 19 күн бұрын

it means higher inflation in US, it's that simple

@Wunderpus-photogenicus 17 күн бұрын

It is really hard to openly admit that we have failed. Sanctions and higher tariffs are the only tools left.

@sarahbaartmansrevenge 19 күн бұрын

they will never tell us the truth

@a13xdunlop 19 күн бұрын

There is no over capacity if there is a willing buyer, it is called supply and demand, a core principle of Capitalism.

@johnwayne8475 18 күн бұрын

The tariffs will create an artificial environment which will raise the cost of living for Americans, and make these American industries uncompetitive to the rest of the world.

@businessmike2371 15 күн бұрын

almost everything is artificially hijacked now, the rules are wrapped and bent over.

@oklahoma1232 20 күн бұрын

It means the US citizen PAYS ! LOL!

@MultiBazilbrush 19 күн бұрын

Sad but true

@jdk9374 19 күн бұрын

Our healthcare insurance is going up. Thank you Joe Biden

@bisayangdakodeay 19 күн бұрын

It surely not work because tariffs hit the buyers, mostly the regular joes.

@earlvarner9479 18 күн бұрын

Highway robbery by Biden and his goons.

@RB-eo4eq 20 күн бұрын

U S A … Historical moment …. Bending the knee and admitting by Tariffs that it’s impossible to compete with China.

@rxonmymind8362 19 күн бұрын

Not the issue. There are security issues if domestic auto manufacturing goes under. There are supply chain issues. (Remember the pandemic?) There are geo political considerations if one company takes over the market. The same would be true for China. NOT about competition. USA can compete. There's more to this than cheap evs.

@yunko9369 19 күн бұрын

@@rxonmymind8362 Really? Apparently, TSMC said it will cost more to have chips manufactured in the US!

@rxonmymind8362 19 күн бұрын

@@yunko9369 yes it would but from a national security perspective what's cheaper, a war or cost of a chip? Lives lost if China invades and we will lose TSMCor pay more for a chip domestically.

@yunko9369 19 күн бұрын

@@rxonmymind8362 From a logistic point, yes. But not like you posted: USA can compete

@yeetian2774 15 күн бұрын

Fun Fact: when China is making Shoes, coffee makers and kitchen knives, US never complained about “overcapacity”

@generaluriah9569 19 күн бұрын

Don't expect an explanation anytime soon.

@junaidisalam5718 19 күн бұрын

it shows how RICH a merican are... they are more than happy to buy cars worth $ 50k up

@308_Negra_Arroyo_Lane 19 күн бұрын

American companies make a lot of money Inside China. They can hit them there too.

@acuantjahyadi7393 19 күн бұрын

Intinya rakyat Amerika akan membeli barang yang mahal. 😂😂

@user-cr5il4wz8d 19 күн бұрын

Russian people , Hungarians, and all of their friendly countries enjoying affordable ev cars, cell phones, low insurance rates, they even have 99 cent type of stores. In the ststes we have to be in debt for $50k plus for ev cars

@vikinghog 18 күн бұрын

So sad to hear about this. First, when conservatives suggested Chinese tariffs, liberals claimed it was racist but now suddenly they are not? Second, i am a straight white male and American companies do not want me as an employee (based on their DEI programs) or customer (based on their advertising) so i have learned to seek out Chinese and other foreign products instead. Buy Anything But American Made is my new motto.

@Lexomm1 15 күн бұрын

You should look up the word 'competition', competition is good for the market. Hint, you can defeat your competition by simply being better. There, glad to have clarified that for you.

@larrycheesengchung8155 19 күн бұрын

Consumers will pay for it…. Thanks Biden for the wise call!

@phyybalance2601 18 күн бұрын

Nothing starts until 2026…is he still around? I don’t see any Chinese cars. Does anyone? What tariff? It’s all up in the air like the spy balloon.

@normanchan2001 10 күн бұрын

That's too bad, cause I've seen what they have and I've seen what we have and I want what they have.

@normanharrison8215 19 күн бұрын

Biden really wanted to get his own "Thanks Obama" meme, wasn't he? Thanks Biden.

@enltpaula3624 20 күн бұрын

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@catherinelyng1353 20 күн бұрын

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@enltpaula3624 20 күн бұрын

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@enltpaula3624 20 күн бұрын

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@enltpaula3624 20 күн бұрын

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@catherinelyng1353 20 күн бұрын

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@user-cd3tq9ye2p 16 күн бұрын

so we could have ev at good price from China but usa saction them. think about this

@thomasho9637 13 күн бұрын

China can simply stop exporting to the US. Then how to replace the Chinese products? But remember whatever the US products are expensive and not competitive. Inflation only gets worse.

@cliffthecoolcat 13 күн бұрын

I kind of want a Chinese Seagull. It's less than $10,000 and probably just as good as iPhone because they make those too.

@dundunsar 18 күн бұрын

great job! US auto makers lobbying

@David-xy4nk 19 күн бұрын

Fluff

@rxonmymind8362 19 күн бұрын

Is there a geopolitical considerations and security issues if US mfg go under because of cheap EVs. Also supply chain issues. If we allow one country to dominate the global car market that would be dangerous for everyone. It's not about cheap EVs it's our domestic automakers suppliers still being viable to make aprts for vehicles in the military and government sectors. There's a LOT more than the slap of tarrifs.

@petergold7152 19 күн бұрын

It’s about time. If these tariffs are continued two thirds of the product sold in Home Depot and Walmart against China and allow other countries to participate such as Vietnam, India and others. By the way where is the electricity coming from to power all these electric cars ?

@kamsunleong6648 19 күн бұрын

Many factories on Vietnam are Chinese owned. They have shifted their manufacturing base there more than a decade ago. As for India, best of luck if you can find replacements for all the tariffed Chinese products.

@ChuckLu-en3ul 20 күн бұрын

How just going back to DIY America as it should be ... But that would mean more jobs ..Can't have that ,Right?

@annettesurfer 19 күн бұрын

@3:24 The tRump proposals would be worse. Points often missing is that the Chinese government heavily subsidizes China's EV industry to give it an international advantage. Wages in the Chinese auto industry are lower. And some companies in the Chinese auto-supply chain almost certainly use forced labor, or modern-day slavery. The BYD Seagull costs just $10,000 in China. (Even with a tariff of 100%, it would easily sell here) This year, the U.S. Commerce Department launched an investigation into whether Chinese vehicles' navigation and communication features could spy on Americans.(NPR)

@yunko9369 19 күн бұрын

Forced labor? Really? Any source to support your claims.

@annettesurfer 19 күн бұрын

@@yunko9369 Just search for "Chinese auto-supply chain almost certainly use forced labor" and the top 2024 result is from the Human Rights Watch, which goes into detail. The second 2022 site is from Autoweek that mentioned force labor. The next is 2024 AP News, but my original source was NPR: China makes cheap electric vehicles. Why can't American shoppers buy them? May 6, 2024. Of course the cult eschews Google and instead relies on whatever is parroted in the rightwing echo-chambers but whatever.

@kindnuguz 19 күн бұрын

It's long over due as these are needed to make products coming into America cost more and in turn this will allow domestic companies to compete. Foreign(china) companies don't do R&D on most items but copy and reproduce and sell back for less cost causing the companies in America which created the products to not be able to compete. This is long over due and more is needed.

@yunko9369 19 күн бұрын

If don't do R&D, why even Tesla uses batteries made by CATL?

@frederickjames272 3 күн бұрын

China said okay but only until Joes coronation.

@superoldgamesaturday3277 19 күн бұрын

Man, Biden's going to lose SO bad in November.

@blazeorangeandcamo 15 күн бұрын

I i dont think it's good for the economy but i know for sure what it means for Biden's reelection. 1 less vote!

@josemosqueda3273 20 күн бұрын

Just in time for election season ... FJB

@justaghoulintheworld 20 күн бұрын

Gyna

@robertheintze9413 20 күн бұрын

But when Trump did the same thing in 2017 that wasn't a problem with you?. How is that not hypocritical?

@Pasta-B1FBA 19 күн бұрын

♟we control the narrative 🕸️

@acuantjahyadi7393 19 күн бұрын

China tetap menjual 1000 $ kesananya urusan anda untuk untung berapa atau pajak berapa bukan urusan kami. 😂😂

@Lumadako 19 күн бұрын

It is a preemptive measure to protect US economy from predatory chinese products ie EVs, solar panels, etc. A and avoid business closures and rise of unemployment in the US. There should be no political explanation to be advanced by any analyst on this aspect. Accept it as a fact that imports like this chinese products if unchecked will affect local US economy.

@mrmajestic66 19 күн бұрын

Very true...

@babublue69 19 күн бұрын

extremely correct decision since America is law based democratic capitalistic country

@OneBigLeftist-pq4je 20 күн бұрын

Go my hero Biden!! I kinda worship him and love Momala.

@mrmajestic66 20 күн бұрын

What a fantastic way to save American jobs. I love what Biden is doing. I only wish he had started earlier.

@dywang32 20 күн бұрын

Save jobs? All this will do is increase the prices of cars. Are you excited to pay $70k minimum for a car?

@P2B_JC 20 күн бұрын

@dywang32 cars from China... just about every brand currently offered in the US will not be affected. Matter of fact, their prices might come down when new, quality vehicles enter the market

@dywang32 20 күн бұрын

@@P2B_JC they have no competition now. Why would American legacy automakers willingly lower their prices when you remove the competition? This is basic economics.

@P2B_JC 19 күн бұрын

@dywang32 there is more than enough competition. Ford, Chevy, Toyota, Nissan, VW, Kia, Hyundai, Honda, and so on. The reason cars aren't more expensive is because of competition. Adding Chinese cars to the mix will only increase competition, and therefore lower prices. Chinese auto makers can stay in China. Keep that Spyware away from my home and my family.

@windsong3wong828 19 күн бұрын

Since when have high tariffs benefitted the country in the long run ? America can make all Americans buy expensive goods in the short term….but with American wages much higher than elsewhere, how does it encourage industries to relocate to USA ? It will go to Mexico.

@user-mk7np1ic7j 20 күн бұрын

The voters for the 45th 46th legitimate and soon to be 47th POTUS TRUMP says it's a good idea, fjb

@Pilotpailie 20 күн бұрын

The only good policies he’s had have been from Trump. What’s new.

@taceyschoen5884 20 күн бұрын

😅😅😅😅😅😅😅😅😅😅😅😅

@taceyschoen5884 20 күн бұрын

tRump isn’t the stable genius you think he is.

@13Liberty50 20 күн бұрын

Bidenonmics, for the economy 76 percent of America thinks the country is headed in the wrong direction. Socialism, Communism is never the right direction.

@Ravi-rl8tt 20 күн бұрын

Correct. It’s always in the left direction.

@noneshere 20 күн бұрын

The dollar Is Communism. It's the flip flop wasteful democracy over the dollar that's killing its value of existence quick.

@taceyschoen5884 20 күн бұрын

😅😅😅😅😅😅😅

@normanharrison8215 19 күн бұрын

I think he invented that word just for us to make fun of absolutely clueless and terrible economic policies. Thanks Biden.

@13Liberty50 19 күн бұрын

@@normanharrison8215 they were attempting to spark a Reaganomics flashback

@user-cf8fv2gs3m 18 күн бұрын

เหมาหมดใน6เหมื่อนลาน🤣🤣

@jeasgordon2802 16 күн бұрын

America should invest more in warship building u are already out numbered by china they can build 8 warship in 1 year while americans can only build one , it should be address immediately south korea and japan, ha problem in there labor,skilled workers, philippines could coup up with that problem, philippines has a population and it is more cheaper to pay for labor force