I mean we see their cheap shitty batteries catching on fire in bikes, hoverboards, phones, laptops… Can you imagine their cars going up in flames?
Yeah, that’s and that’s “reputable company” … Just wait until it’s RECOMBAXCKS or whatever hey will sell on amazing n.
BYD is excellent at making batteries, we have their cars n Australia and they’re pretty popular, i think even beating Tesla now, We have more stringent safety protocols than in USA too. So this isn’t the reason.
Let me picture it… weird, it looks like a Tesla.
So reasons include: politics (Lots of swing voters work in the auto manufacturing industry that would get pissed with an influx of chinese cars), national security (worries of the type of information Chinese cars would send back home), and lastly industry protectionism.
As much as this sucks, I kind of agree. We really don’t want to rely on China until they prove to reliably not want to screw us. If this was Taiwan, Mexico, any country from the EU, etc. I would definitely want their cheap EVs to hit our market and bloody up the american manufacturers.
To add to the national security angle: the auto industry is one of the industries that would be able to pivot to wartime production the fastest (as seen in the world wars). Probably not the first thing on everyone’s mind, but I’d bet it’s at least part of the consideration.
Killing the planet so you can be ready for war.
God bless America.
What? Burning bunker oil to ship Chinese made cars across the ocean is better for the planet than manufacturing them domestically?
Well. Yes, probably.
The environmental costs for shipping on a large container ship are, per unit, pretty low. China’s already got the process for making cheap EVs down cold; we are still building our industry up, and it’s slooooooooow. It’s also more environmentally expensive to be duplicating processes rather than making scaling an existing process.
OTOH, the ability to wage war effectively is a compelling national security interest.
i like how the US imposed the free market onto everyone else, bit now they are closing theirs for protectionism
Well china is completely anti free market.so I’m actually surprised more countries aren’t charging more tarrifs on them. Also, I don’t think most major countries are completely protectionist free.
What?
We make about 150,000 vehicles a month in America…
https://fred.stlouisfed.org/series/DAUPSA
We sell about 150,000,000
https://fred.stlouisfed.org/series/TOTALSA
If Biden if fucking over every other American to “protect” a few thousands jobs…
That’s a bad choice.
For damn near everyone except the executives of companies who make most of their vehicles in Mexico anyways.
Like, if Biden is doing this to protect jobs, it’s protecting jobs that went to Mexico decades ago.
https://www.statista.com/statistics/889529/mexico-automotive-production-volume/
Just a small correction: The sales numbers are 15 million, not 150 million.
2nd correction: that 15 million number is for ALL car sales the number for NEW car sales is less than 1.5 million.
Thanks. I thought that still seemed really high.
They probably don’t meet US safety requirements?
I think the new Chinese made Volvo is one of the more interesting cars coming out this year. It’s $35k… AFTER the 27.5% tariff on Chinese made cars. Meaning, Volvo is actually selling this for $27k. The car is super minimal inside, but manufacturing in China is clearly allowing them to reduce costs a shit load.
US auto manufacturing would be so screwed if these things could be sold without the tariff.
Edit: also worth noting, they’re going to be leasing these direct in many states. No dealer markup.
I made it too late to this thread and now all the top comments are corporate shill posts for the big 3 American OEMs who already outsourced the hell out of their production lines meaning none of their points about protection or votes has been valid for at least 15 years.
Even if Mexico magically invented their own cheap EV, you better bet the USA will have that blocked or at the very least smacked with a huge tariff for no reason beyond protecting some megacorp profits.
They already lobbied for all these stupid rules against JDM back when Japan proved it could make superior cars for cheap. Then, it took them decades to enter the US market locally by building factories and whatnot.
Biden is blocking because China bad and muh lobbyist profits, not because there’s an actual issue of safety or security.
Same with Huawei, they blocked their phones and telecommunication equipment and never managed to show any proof that the Chinese government is actually snooping on their equipment.
And it is not like the US doesn’t have a proven track record of pushing American suppliers to put backdoors and pretty much doing exactly what they accused Huawei and indirectly China of doing.
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Every accusation a confession.
They accuse China of doing it because it’s what they are or would do.
Fossil fuel production is the only reason he can say the economy is doing well.
We have record breaking production levels
Whenever I hear the economy is doing well I generally just think that they mean the stock market is doing well. The economy of the working class’s standard of living, health, and persuit of happiness is awful.
That’s such a naive bleeding heart take. If you look at the numbers, every American is making more than ever on average.
So problem solved, we’re killing it. No need for a second metric or to think about the implications of that statement any further.
It helps that we’re still ran by geriatrics that literally have no stake in the world beyond the short term.
And American geriatrics largely despise the generations that came after them. Most not only don’t want to plant trees whose shade they will never sit in, like those in a decent society would, they want to burn the trees they sat under out of spite and vanity. This tree is theirs, and all those trees over there! Make your own trees, filthy taker future people!
This is where encouraging greed and selfishness, oh I’m sorry, “rugged individualism and rational-self-interest” as our core cultural values leads, oblivion.
Boomer bad!
Almost like that’s part of how he won over the UAW and that Chinese EVs are a threat to US industry and our own migration on the industrial side from petrochemical to electric based manufacturing and infrastructure. I’m not saying that i agree with everything Biden has done in this space, but this is much more complex than Biden saying “I like the environment but hate China” and this article seems to oversimplify a bit.
Also it’s not like Chinese vehicles are banned, the Volvo EX30 is starting sales soon at 35000$, which is extremely cost competitive with current options in the US market despite being affected by the tariffs and not benefiting from US subsidies.
Here’s an article I read yesterday arguing the opposite side and pushing for even more stringent bans on Chinese EVs https://www.nytimes.com/2024/02/27/opinion/gm-ford-electric-vehicles.html?smid=nytcore-ios-share&referringSource=articleShare
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Prove me wrong that this has nothing to do with the fact that China became the world’s biggest auto exporter last year and this is a desperate way for the US to try to protect their own auto industry.
Free market, my bottom.
Well, it’s more than that. China is actively trying to dump on the market. Selling things at a loss so they can kill and steal market share.
Sorta what Amazon did early on but on a global scale.
You do realise that you have described just now what all startups are doing in the US. Like look at WhatsApp, Facebook, etc. they were working for years if not decades on a massive loss in an attempt to more or less monopolize the segment, backed by the deep pockets of their investors.
And I think it is only fair if you demand the same level of scrutiny to all companies involved in such practices.
American companies can’t dump. This is specifically for countries to protect their own industries.
US companies can operate at a loss to gain market share, but the money losses is still in its own economy and not an outside foreign country that might not aligned with our countries values.
Plus a company can only lose money for so long that eventually the market starts correcting itself and investors pull funding. Can’t be said about China which is basically unlimited money.
The repercussions is drastic. China has already done this with solar panels. We are already beholden to them for this. If we were dependant on solar panels and not fossil fuel, they would literally be controlling our energy needs.
And the US has done this with so many industries, which you are trying to monopolize or control.
And apparently you are okay when your own country is doing this but not okay when other countries are doing it.
Does this seem fair to you, because sure as hell doesn’t seem to me.
It’s not about fair. Anti dumping tariffs is designed to protect national security and national industries. We are not exclusive to this. China themselves does the same exact thing.
Can you then explain to me what is the difference between
US companies can operate at a loss to gain market share
And dumping as in my books both are synonyms.
And mind you we already have a couple of multi trillion companies now, if this isn’t access to infinite resources what is…
Is amazon even much of a thing outside the US? Like here in Europe they have like 2 places they ship from and it takes a week to arrive and costs 10x as much as ordering from a local online store. I don’t really know anyone who uses amazon regularly.
This would be valid if… China was dumping. They’re not. They’re selling far above unit costs. In fact, their export models are often double or triple the price of domestic models of the same car.
I brought receipts.
https://www.ft.com/content/55ec498d-0959-41ef-8ab9-af06cc45f8e7
Just because YOU don’t believe in facts doesn’t make it less true.
Interesting receipts you provide… Receipts with zero evidence actually provided.
OP is correct. The fact is that Chinese cars sold for export are substantially more expensive than those sold for domestic consumption. Unless your argument is that they’re… Dumping domestically?
Better tell all the investors, then.
because US can’t compete with China
