"Overcapacity" is just another way of saying "US can't compete with China".

The kings of free market are now afraid of the free market system.😂

Whenever the US is confronted with a product they are unable to compete with, you start hearing phrases like "it's a threat to our "national security" "😅

Actually China government used to offer subsidies for Tesla buyers too. They really encourage people to buy EVs.

It's hypocritical for an American to criticize auto industry subsidies when their government provided over $12 billion in subsidies just in 2023.

Why cant the US focus on improving ourselves, rather than stopping others' progress?

Imagine imposing 100% tariffs and still lose. 😂😂

US & UE : China has to invest more in green energy to reduce the carbon emissions china : Ok. we will subsidy all EV so people choose to buy EV instead of ICE also US & UE : WAIT. THAS UNFAIR

In 2012 Obama tariffed Chinese solar panels to the tune of 250%. Currently China makes 80% of the world’s solar panels. How did that work out?

Why can't I buy an 11k Chinese car? I thought I was in a free and democratic country 😂 Please just let go those incompetent, greedy legacy carmakers...

It's a free market until it challenges the domestic oligopolies.

im american and we are all broke here and cant afford $50K for a car. most of us share an apartment or live in bus. china offers us $10K for a EV car. china please come to usa and help us americans.

Image poor countries people use cheap high-quality cars while Americans use low quality expensive cars.

The US has overcapacity in dollar printing.

Tesla looks like it's going big. I really want to profit from the market this year. I have about $80k I want to invest in the market. My brain doesn't do very well in understanding these things. How else could I utilise the market opportunity?

The Chinese government didn't just subsidize Chinese EV brands. In fact, Tesla also received hundreds of millions of dollars in subsidies from China. The EV competition in the Chinese Domestic Market is actually very harsh, and only competitive companies like BYD and Tesla survive in the CDM of EVs.

The US will say oh we want to save the planet, we want more electric cars, the main issue now is the cost, then china comes up with 10k electric car and so the US wants to ban them because they can't compete 😂

“They can sell EV’s Cheaper then the cheapest fuel burning car” THATS WHAT WE WANT!!!!!

A free and competitive market...until competitive 😂

Bring them on! US auto makers need a lesson!

“Korea and Japan are our allies, so we can coerce them into always being subservient to us”😂😂😂

I just came back from Thailand. Saw lots of Chinese cars there. People are happy with their Chinese cars. And the air is getting better. Was in Bangkok 30 years ago Couldn’t walk two blocks without getting sick because of the smoke. Very polluted back then. So these EV thing is working. Make it affordable so more people will use it

When smartphones defeated traditional phones back then, did anyone say that the iPhone had overproduction?😂

We looked down and made of Japanese cars when they first started then we made fun of Chinese cars. Who is laughing now?!

American here. I would love to see Chinese EVs everywhere here for affordable prices. My entire life I have seen cars go from something that was affordable for most people, into basically a luxury item only for the upper classes. Something has to change. I hope China can rescue us from these greedy capitalists and corrupt politicians.

As an American myself, I would love to purchase a Chinese made EV soon. I can't wait. Why should we be stuck with inferior and expensive products?

The stereotype that anything "Made in China" automatically equals low quality is beyond archaic at this point. It's 2024. Most people who still cling to this misconception either don't know where to shop, or simply can't afford better. 🤷‍♀

90% of the stuff I have in my house was made in China so I have no qualms about buying a Chinese car.

I drive a Polestar 2 for rideshare here in the US and almost every passenger asks about it because they love the way it looks, drives, is 100% electric, and is NOT a Tesla. Their reaction to learning its co-owned by Chinese parent company Geely is mixed; so I just tell them its an electric Volvo and they are pretty happy with that response.

$9,200 for a brand new EV? Gezzz! My local dealership wants a 2012 Ford Escort with 113,000 mileage for $10,400! I need them Chinese car asap!

As a consumer, my main concern is affordability and quality. If they can make the same things with the same quality (if not better) and at a lower price, I’m voting with my wallets 😊.

When China invests to make goods prices cheap, the US is still busy looking for as high a profit as possible

Have you ever seen the Americans get so anxious when ever China is mentioned ? Is like instant panic mode

Blocking Chinese cars then US manufacturers can sell a truck at $90,000

First time seeing your video and I must say this video just gave me life!! Definitely earned a new subscriber! Thanks!!!

You can get amazing BYD/MG/SAIC EV hatches in Australia for as low as $30K AUD after state subsidies. The warranties are great - MG's is 8 years Unlimited KM for both car and battery and its transferable. I got a second hand 2022 MG SUV EV for 27k AUD and it has a LFP battery, plus 6 years of warranty. I never thought the EV market would be better outside the US.

If you know some basic economics, you won't call this as "overcapacity".

Over capacity just means billionaires can't artificially create scarcity anymore to inflate prices

Australian EVs (tesla and Peugeot) have dropped prices between $15k-$20k per car since BYD entered That means even if you _don't_ want to buy a Chinese car, the mere presence of them in the market saves you $20k - any EV you buy! Firstly that means man were Aussies being gouged hard up till even 3 months ago. But secondly, their consumers are now safe. And you, the American consumer? Not so.

I now live in Central America. Chinese cars are everywhere, at reasonable prices. I rented a few Chinese cars, I was impressed with the exterior and interior fit-and-finish. If Chinese cars are imported to the U.S., it would be a nail in the coffin for all U.S. and Japanese car manufacturers.

United States didn't complain about "overcapacity" when China was making jeans and Nike shoes. Funny how they whine about it constantly now with China moving up the value chain.

Guys, high inflation isn't going away for a long long time. Because every tariff and protectionist measure only serves to drive up costs for consumers.

Beware: BYD should be short for "Burn Your Driveway". BYD is the leading chinese EV manufacturer, who's vehicles, frequently, spontaneously combust and can only be put out by submerging the vehicle in a special chemical. 😢

Wow 3.7billion dollars? That's almost 1/10th of the yearly subsidies US auto gets. Look I'm not saying the US shouldn't protect it's industries, it should. however if you consistently shelter US auto and bail them out every financial crisis they'll just become uncompetitive why else do you think every US auto company is pulling out of every foreign market? And I can't believe in the same breath US auto.says consumers don't want small electric EVs for an affordable price so we'll ramp down production, will say we need to put a 100%! Tariff on those exact vehicles do consumers want it or not??? Schrödingers consumers??

US carmakers made billions in China for many years. It's unsurprisingly hypocritical to see them lobby to keep Chinese cars out. I've had several Hondas that were build in Ohio, a Dodge that was built in Canada, and a Mazda that was built in Michigan. Frankly I would buy something domestic but if I can buy a decent EV for under thirty grand, I'll take that over a $50k bare bones pickup.

I'm European, have lived in the US for 7 years and China for 14... I'm still driving my little Mazda 2 (assembled in China) but my next car will be a Chinese EV...And the choice here is staggering!

Just Became A Member Of Your VIP Group, And I Can Already Tell That It's Going To Be A Game-Changer For Me. Thank You For All The Incredible Resources And Guidance!

Hi. As a regular Canadian consumer, I would love to see affordable Chinese EVs in our market. Good or bad, let the market decide. I am tired of politics and only want the best value for my hard earned dollars.

Even if US keeps rejecting Chinese cars, car makers in other countries, say Japan and Germany, will have better products to compete with Chinese cars anyway, so what's the plan for US then? Put a 100% tariff on them all?

“Competition is good for business” “we don’t want Chinese cars in the US, they are too cheap”

Both countries heavily subsidized EVs. The difference is, subsidies in China resulted in good EVs for low prices, while subsidies in the US resulted in crappy EVs that are increasingly unaffordable.

Only in America do they think 'Over Capacity' is a bad thing. Over capacity means lower prices for consumers. Capitalists can't have that. China will fix it.

There is no overcapacity problem at all. If we open up to this price and performance in US, there will be a shortage of supply. I need to dump my older cars quickly to make room for the new EVs. Hope they come here soon.

Turkey just did the same. Turkey just put tariffs on China EVs. Even Brazil, Mexico, chile just put tariffs on China Steele last week. Every country has to protect their manufacturing industry. China plays an unfair game

Thank you very much for such useful material.🥳

It's staggering how little the Chinese subsidies are compared to how much uproar they cause. BYD received $3.7B in subsidies and sells 3M cars a year. That's about $1200 per car. You give an American car maker $3.7B, and it won't significantly improve their competitiveness and productivity as we've seen countless times over the years. The US has provided a direct subsidy of $7500 per EV car sold and it hasn't brought nearly the same value as the BYD subsidies apparently have. I can't believe that a $1200 per car subsidy justifies a 100% tariff.

So we can buy just about anything from China but not cars? So much for the free market.

How to nake America great without fixing existing problems within the country. Merchandise in stores can be taken free Houses can be taken free by squatters. Free to break into houses. Etc ,etc.

I’ve seen BYD bus running around all the time in Indianapolis to be exact

If I was allowed to buy a BYD Seagul for $11,000 I would agree to a Chinese intelligence agent in the passenger seat full time.

Americans don't won't electric vehicles at this time. How has this report totally ignored the geopolitical head winds currently in play? China and America might be at war in five years or less. How will they overcome 100% tariffs? Globalization is dead or dying, but this report totally ignores this point. Since this report came out, Europe has also increased tariffs by an additional 28%, so it's pretty apparent China will have to eat their own over production. Even if America allowed Chinese EV's in the volume discussed, what about the infrastructure? Could we even support an additional 5 to 7 million EV's on our roads? This report only states that Chinese EV's are coming, but never really explains how they will overcome tariffs that double the price.

Self-described communists do capitalism better than Self-described Capitalists. Cry more, Capitalists! LOL! 😂😂😂😂😂

The US Government do not allow American to buy cheap EV, instead want them to buy ultra expensive EV to make the sleeping Big 3 + Tesla richer 😂

100% tariff to earn some votes from Union

I cannot wait!!!

Gee, I wonder why car prices are so high?!

😆 Soon Chinese parents will look at their children at dinner time and say ： "If you don't study hard, you will only be able to drive a Mercedes-Benz and a BMW in the future."

"Some consumers worry for privacy." If chinese auto makers sold horses and became successful, then "some consumers are now worried that the horses were trained for espionage."

THANK YOU SO MUCH FOR THIS INFORMATION ITS REALLY HELPFUL

America will definitely stop it 😂

Let the free market decide which cars are better

I own a BYD EV. Top notch. Very well built.

We in the US still behave like the Pioneer days with so many things. We need a younger forward thinking mindset. I travel overseas a lot and we aren't as ahead as we think we are.

We are showing the world that when things don’t go our way, we are willing to harm our own citizens just to maintain an image. Consider this: Chinese-made electric vehicles, which are even better than Teslas, cost 60 to 70% less. Our own people, who are already struggling with high prices, could save money. Shouldn’t we prioritize the well-being of our people for a change? Apparently not, because the rules are always changed to benefit corporations, leading to overpriced products. If these companies can’t compete, they need to figure it out, as their products won't sell globally at those inflated prices. Change is necessary. If Chinese manufacturers can produce high-quality vehicles at lower costs, it's time to learn from them. Otherwise, we'll be left behind. You can't bully with tariffs forever. Eventually, the rest of the world will see your downfall through overpriced products.

I’m glad Chinese cars aren’t banned in my country

The title should be, "Why China is not raising tariffs on America cars?"

Free marketers having to bend their own rules because they can't compete with a more efficient system is HILARIOUS 😂 Yeah, ringing endorsement of your own "free" market

Now, the US needs to create different technology for cars (like solar automobiles, better Hybrid, etc.) then we will surely bankrupt the Chinese economy.🤣

When the price of a car in the US requires taking out a mortgage you know its time for disruption.

Americans Pay the Price of Tariffs. Its a Tax Hike.

Video like this will never mention the key elements of China's success: hardworking and education. Behind those new Chinese EVs are millions well trained engineers and highly disciplined workers.

As a ordinary citizen, they only care about affordable price , nothing else .

Once I heard Donald Trump saying "nobody can compete us. We are the best". Again I heard Donald Trump saying "i'm gonna put massive terrifs on Chinese EV cars to stop them flowing into to the US". 😂

As a consumer currently in America. I don’t find high value proposition for American cars. When I go buy a car my ranks are Japanese cars, then Korean, then European. American car seems to me not as high in values or qualities. The Toyota effect is real, enough with the politics and let the product sell themselves.

No one has "SLAPPED" China with a singel tariff. The U.S. consumers are paying the tariff to the federal government. I hate it when people intentionally mistate the obvious.

The world's largest overcapacity is US bonds💯💯💯💯💯💯💯💯💯

Here is the thing: only American automakers would see China's auto industry as a threat. The consumers see it as an alternative to overpriced American cars. I would say let these big companies figure out the competition - let the consumers benefit from this.

BYD just revealed a 1,200 miles hybrid car that can go from nyc to Miami without one fill up or charge. That tells all you need to know 😅

Let me see, affordable cars again, China has to use the Dollar, force Competition, instead we force the higher cost cars on our people and push China away from the dollar.

It's basic economics. Tariffs only hurt consumers.

The United States imported approximately 70,000 made-in-China Ford, Volvo, GM new vehicles in 2023 (By the way, China exported a total of 4.91 million vehicles in 2023, the United States only accounts for 1.4% of China’s auto export market share and almost no chinese brand ). No Chinese domestic car manufacturers have taken the initiative to officially sell their cars in the US. 102.5% tax on Chinese EVs， Go ahead. That must “hurt” China a lot. The US is not the center of the world. 30 094 767 new cars were sold in China in 2023 ( 8.1 million of them were electric vehicles ) , meanwhile only 15 604 278 new cars were sold in the usa (1.4 million were EVs). The US is expected to subsidize Tesla with $34 billion between 2023 and 2030. This isn’t even including the other subsidies that Tesla is going to receive from previous policies. Meanwhile, the Chinese government has subsidized BYD between 2018 and 2022 with the whopping “massive amount” of $ 3.7 billion. So the American company got subsidized 10 times more than the Chinese company, out of the $119 billion in battery subsidies GM got about $21 billion, the truth is the US regime is subsidizing their electric vehicles way more than China is. On November 30, 2023 GM announced record $10 billion stock buyback, more than it’s spending on UAW raises- as its electrification push stalls (Source Bloomberg). That share buyback from General Motors was just q4 of 2023, $10 billion, they get $20 billion in subsidies and they spend $10 billion giving that money back to shareholders. The money isn’t going to innovation like it should, the money seems to go these bloated bureaucratic corporations where they take the money give it to shareholders or give it to executive bonuses or management teams that don’t know how to build a car, get so complicated convoluted they just can’t do business competitively anymore. They don’t need to, instead of being forced to be competitive, being forced to actually spend the money on R&D and producing a high-quality product, they just put a 102.5% tariff on anybody that they cannot compete.

Five Japanese car makers just apologized to public for faking test results on their cars in past few decades. 😂 What a surprise!

Tariffs will not stop EV Chinese cars, just like 25% Chinese tariffs have not stopped the US cars into China. But it will level a bit better the field for home made EVs. We have seen this over and over again. Before Canada joined NAFTA, their manufacturing job workers were paid better than the US ones. As soon as the tariffs went way, all Canadians outsourced in the US. Then once Mexico had the same benefits, all Canadian and US jobs got outsourced in Mexico. When Chinese tariffs reached almost zero, all outsourced in China. It's a simple math and all they know it: If standards of living in the a 3rd country are 5-50x lower than ours, having no tariffs means all jobs will be gone overseas.

Just for comparison, a new golf car in Florida costs 12,500 up to around 16,000 for a custom cart

I’ll be honest, I recently went to the Beijing auto show, and competitive is not the correct word they genuinely far exceed us

Isn't competition good? Why can't the US compete with China? The US bailed out Detroit car makers in 2008 but are quick to blame Chinese government for subsidies.

Nations should impose 1000% for all products not produce domestically.

People from around the world are already buying and enjoying their EVs. American consumers are getting jealous and salty that they cant have the freedom to get access to affordable EVs

Everything about the USA is about stopping competition whilst also claiming they support competition and capitalism. Look at Japan, and Europe. Once the USA see you’re doing better they immediately start tariffs.

I drove a friend's BYD Song in Shanghai and loved it. High quality game changers that shatter Chinaphobic and propagandistic stereotypes about shoddy quality--something the US obsessess itself in promoting.