How China & Mexico Are Stealing Money From America

In this video, Patrick Bet-David delves into how China & Mexico are impacting America's economy and potentially 'stealing' money.
Connect one-on-one with the right expert for you on Minnect: bit.ly/3MC9IXE
Connect with Patrick Bet-David on Minnect: bit.ly/3OoiGIC
Purchase Patrick's new book "Choose Your Enemies Wisely": bit.ly/41bTtGD
Register to win a Valuetainment Boss Set (valued at over $350): bit.ly/41PrSLW
Get best-in-class business advice with Bet-David Consulting: bit.ly/40oUafz
Visit VT.com for the latest news and insights from the world of politics, business and entertainment: bit.ly/472R3Mz
Visit Valuetainment University for the best courses online for entrepreneurs: bit.ly/47gKVA0
Text “PODCAST” to 310-340-1132 to get the latest updates in real-time!
Get PBD's Intro Song "Sweet Victory" by R-Mean: bit.ly/3T6HPdY
SUBSCRIBE TO:
@VALUETAINMENT
@vtsoscast
@ValuetainmentComedy
@bizdocpodcast
@theunusualsuspectspodcast
Want to be clear on your next 5 business moves? bit.ly/3Qzrj3m
Join the channel to get exclusive access to perks: bit.ly/3Q9rSQL
Download the podcasts on all your favorite platforms bit.ly/3sFAW4N
Patrick Bet-David is the founder and CEO of Valuetainment Media. He is the author of the #1 Wall Street Journal Bestseller “Your Next Five Moves” (Simon & Schuster) and a father of 2 boys and 2 girls. He currently resides in Ft. Lauderdale, Florida.

[@christianmunoz8391]

Mexicans aren't even coming to the US anymore. It's mainly people from Venezuela, Colombia, and Peru.

[@terrycoontz]

Mexicans are still coming. The difference is Mexicans will be deported the others won’t it’s a policy called otm

[@Specialcowgirl69]

I have always thought the people from Mexico were hard working and relatively friendly. People from Venezuela in my option have alway came off as more aggressive and not as friendly. You go to a Mexican restaurant ran by Mexicans and they are happy. You go to a restaurant in Miami and a Cuban or Venezuelan will give you a cold bitter attitude.

[@user-ik5dp6qi9y]

The american dream is over, it was true for the baby boomers and maybe a little bit for gen x's. mexicans don't want to go to usa in mass as they used to be. Because i as a mexican, You can not make money in usa as our parents did working is usa.

[@adamparrish7880]

Haiti

[@Haveyoueverbeenswallowed]

Facts. Since 2008, more Mexicans have left America than the ones that came in. It’s other Latin American immigrants that are coming in

[@jiggy7108]

capitalism is good until someone is better at it than us

[@BootsieTheGreek]

Lmao nobody is bro stop 🤣

[@sandrathompson6381]

​@@BootsieTheGreek only cause of tariffs

[@sanchopancho1918]

lol

[@Miami1991]

@@BootsieTheGreekkeep believing that Mr I’m from a country that’s 35 trillion in debt . Can’t even manage its money right and wants to chide the rest of the world that it’s too dick in capitalism ? Fuck outta here 😂 China owns you

[@NeutralUnderstanding]

@@BootsieTheGreek The reason America is in the position it is now, is because they were relatively unscathed during WW2 and the large industrial base/etc. created for the war effort. This allowed America to be seen as a reliable debtor who will be able to pay off the debt it accumulates. So in all reality, if it wasn't for WW2 and the massive amounts of debt that were accumulated since then to fund massive projects/etc., we wouldn't be in the position we are in. And it's unmanageable. Even now credit agencies are downgrading America or are threatening to do so. It's like the guy with a credit card with a good credit score racking up massive amounts of debt and claiming he is rich to his poor friend who doesn't have that good of credit..

[@davidomarmartinezcontreras3897]

Hello Pat, I'm a Mexican engineer. I've worked in the American automotive industry established in Mexico. Two points I'd like to share. First, American executives in Detroit don't care who assembles their cars; what matters is profit. Those lost jobs in the US industry will never return. Their workforce is overvalued and very expensive. They need to adapt, find other jobs, and stop complaining about Mexico 'stealing their jobs.' Second, China is doing what the United States has done with its capitalist system all along. It's just that now Americans don't like it. American double standards always come back to bite them.

[@JennyBrie2006]

Common sense👍

[@vitaliyv1849]

America put 15000 sanctions against Russia cuz they can't compete

[@odysseyusa]

Well, what you say is true but what is also true is many citizens here are barely getting by. Without work for low to middle income, for which these cheap vehicles are marketed toward, there won’t be enough sales to justify the investment made AND the economy here will eventually plummet. So we’re all, eventually anyway, in a similar boat. The EV market isn’t going anywhere anytime soon if we don’t have the money to invest in the infrastructure to support it. Therein lies the jab.

[@GodsChildrenOnEarth]

As an American I can tell you that you are absolutely correct! It’s OBVIOUS to many smart Americans that American businesses only care about profits-even if they throw their own employees under the bus! And the policies that are currently in place as well as the new policies that are in the pipeline are killing our jobs and economy! And the worst thing is that it’s done on purpose by the Rothchilds, Rockefellers, George Soros, Bill Gates, Jeff Bezos, Biden’s, Obama, etc and ALL evil elites with power and money!

[@joegood9186]

Your dumb bro it's the government not us citizens Mr engineer

[@RafaelGomez-uq9zn]

Have you ever been in Mexico? Have you seen all the american businesses that exist in Mexico and ate the Mexican companies? Walmart, Home Depot, Mc Donalds, Apple, Amazon, Coke, Pepsi, etc, etc, etc. Where do you think all the profits of those companies go to and who benefits from them? USA and Americans. So, that is what is called free trade and world trade. Stop whining when in the end USA most benefits from all.

[@user-gz4ls9tk5n]

I agree I was shocked to see that in Mexico, people have no clue Mexico has millions of American Companies

[@jorgedelgado8177]

Those American companies don't manufacture in Mexico Sherlock. It is time for the US to impose massive tariffs on Mexico and close the entire border.

[@marcorios6806]

Facts 100%. Over 30 years ago a gigantic Mattel toy factory company moved in the area of my relatives house in Tijuana. I think Reagan or Bush 1 was president so it happens no matter which president we have in office. It's a free market and we can't expect to have a 100% wins as Americans, there is going to be times when other nations outfox us in business. Can't win every time!

[@stephensato-rt1bv]

Do u guys get unemployment in Mexico?

[@RafaelGomez-uq9zn]

@@stephensato-rt1bv why do you ask that? As i understand USA has the lowest unemployment rate in decades. And yes, Mexico has unemployment too, every country has it. But complaining about Mexicans stealing american jobs is stu… . If anything, USA won another 130 million customers with the trade with Mexico. Visit Mexico, every store, chain, and in every sector USA companies are selling in Mexico, and we are not whining about it. Its called free trade and there will always going to be winners and loosers. What americans just as us Mexicans should be worried about is controlling our polititians spending, populism and to keep the law, order and justice. The rest is free capitalism. To be honest, we both have polititians to whine and be ashame for.

[@rafzombie5907]

Patrick this is Capitalism. This is what you preach.So China and Mexico is beating US. At its own game.

[@suedi-annhamilton6032]

Because of foolish politician

[@javiervega1065]

Capitalism has failed America.

[@RevolutionRoad]

This is Crony Capitalism, not FREE Capitalism. BIG DIFFRENCE!

[@xaydegonzalez6007]

​@@RevolutionRoad There's plenty of that in the US

[@pimentellandsapingllc]

Patrick is a clown & a grifter. He goes with the wind. He was big on capitalism. when business courses was big , now that the politics have become popular with online world his pushing that agenda. He’s creating a mini Fox News.

[@Bearsacci]

I’m glad so many people are calling PBD on his hypocrisy. He likes to flaunt that he is a “pure” capatalist 😂

[@buravan1512]

He's fooling himself 😂

[@ricardo_cn]

​@@buravan1512 And he's endorsed by a.i.p.a.c

[@PaLMROXVIXIII]

Yea that’s how hard people try. It’s obvious evidence of him trying to fit in as an American.

[@theroamingsavage8813]

Exactly, if another country, company, CEO is eating ur lunch, do better and compete better. Don't bitch.

[@dogsand77]

he cant face the new reality, poor patrick

[@BetoMexicano]

Hi Pat, I'm a Mexican marketer working for a company in New York, but I live in Brazil. I see we're expanding and launching initiatives in Spanish to capture the Hispanic market. The treaty, known as TMEC, was renegotiated by Trump, who argued that the U.S. needed a better deal. Ultimately, this treaty turned out to be highly beneficial for Mexico. Additionally, there's a concept called nearshoring. It's not just companies from China relocating to Mexico; firms from all over the world are doing so. Therefore, I'd say using the word 'stealing' is not accurate.

[@WalkOverHotCoal]

But how do get people to click on the site if you allowed facts to get between truths?

[@alonsorodal6250]

Patrick is anti-Mexican he will never mention that this man or his crew always refer to Mexicans in a very disrespectful way I’ve paid attention to that for a while.

[@danielgarcia9369]

Correct ✅ you can’t explain it in a better way, so ok now lets say the next president put the highest tariffs to the world products that are made in MÉXICO 🇲🇽 well not that fast cowboy, guess , who’s going to pay for those expensive tariffs in all the goods we consume here in the USA 🇺🇸? We , WE THE PEOPLE, are the ones that those tariffs are going to be passed, so next time you’re all happy in those neoliberal tariff, just remember this , they are not trying to protect you or me, they’re trying to protect their own interests in their companies to protect their well NOT THE EVERYDAY, JOE!!!

[@user-ot2nh8qb7d]

You're a professional and too kind, they don't deserve a fair and balanced explanation.

[@namelesswreck6383]

​@@alonsorodal6250PBD doesn't like Mexican because he thinks he's a superior Brown 😂

[@victormadrigal7972]

China is investing in mexico and some south america countries meanwhile US is Investing in wars that it has no business doing in also increasing minimum wage in fast food now imagine the strike in car manufacturing how much are they going to want? 100 per hour? Even with tariffs it would be cheaper for us the consumer if they would be done in mexico or china

[@hoaxnineteen]

Years of not rewarding people correctly led to this

[@sanchopancho1918]

Yessir

[@piotrsie5465]

Till you costumer will have no job because all go abroad

[@happyguy2k]

👏

[@frankdestra6576]

Exactly . We waste money on wars China making international friends and $$$

[@BIGFACTS1986]

I don't see the problem. How bout we fix the problems we have here Instead of blaming other countries for our shortcomings

[@lipozrljohnson7078]

True, although this problem he’s laying out hasn’t fully developed yet.

[@happyguy2k]

What's funny is they say that about black Americans and then cry like babies when countries like China have worked hard to get to wer they are. Also)

[@zhaoc5085]

That’s what I’m saying, keep blaming china. Why not blame Americans laziness ? 😂😂😂

[@ezznaser2010]

You are the man

[@alanreinart1548]

Wake up

[@meinking22]

In other words, Chinese car manufacturers are doing what American companies have been doing for decades.

[@Ramon-rj4qh]

Stealing? They're making a new panama canal. How are they stealing? They deserve it.

[@alfredoblinder2306]

It's called free market. Mexicans are just using it! I dont see anything wrong with that! That's why Mexico is growing/developing. Is better/safer to have a rich neighbor than a poor one. And by the way most Chinese companies grew in with American capital..... the chinese export and manufacturing market was developed by the US in the 80's and 90's and the main consumer is US! so maybe you should not get upset for you Nikes/IPhones/Laptop made in China and Mexico!

[@artem2777]

It is called 😅🤷‍♂️Free market... who called it that? Big companies who don't care about people, borders, etc. only profit... ye everything has its limits even a " Free market"

[@justojonathan]

@@artem2777where is the limit to US money printing?

[@stefanomaurino8201]

China investment in Mexico is one of the reasons Mexicans will stay in Mexico instead of illegally migrating to the US. American must thank China for reducing immigration. Actually not only investment in Mexico but the whole Latin America.

[@happyguy2k]

They don't want immigrants but then don't want the countries they are from to devlp. 🤣

[@MaGeRdAnGeR1]

Not when they can send money back to their family from America. Making $10-$15 an hour and sending it home > making $3.50 staying in Mexico (Of course will depend on expenses/cost of living). Same reason digital nomads are becoming more popular, they can take their high earning job and work overseas while cutting expenses in half

[@dailyamperes]

Actually Mexico is one of the largest economies and the world and richest countries in Latin America.

[@diegocaracasfc]

Because the economy in Mexico is booming, mexican migration to US has decreased. And one of the reasons is this investment of China.

[@enviosinterdimencionales8612]

no bro. we are regionalist. Mexico have every resource we need. only the poorest and most uneducated people go to america to look for jobs and the nonexistent and very advertized american dream. but mexico is nailing it RN.

[@felipe7galindo]

The hypocrisy

[@bernarditacalub344]

Do you believe Trumph everything hevsaud is lies! If he would get buss. profit in his pocket it would be OK!

[@kabandasamil6162]

I thought American is purely capitalist. What is wrong with someone figuring out how to do business and get away with profits. Does it only hold when America is taking the money but not any other country ??

[@javiervega1065]

It's not purely capitalist. No country is.

[@caramela4830]

Yes. They only approve when America can do it not when others do it. 😂 Double standard. They want to be the only ones getting ahead.

[@caramela4830]

❤ thank you

[@caramela4830]

❤ thank u

[@rahadiwibowo]

No, America is world bully

[@0pTicaL]

What are you complaining about PBD? Does Mexico not have the right to prosper like the US? Doesn't the US want to be green by 2035? Why do US citizens have to pay for overpriced EVs? EVs that aren't made for the masses, all these Teslas, Rivians, Lucids are for rich people, the average person can't afford those EVs let alone charging at home and insurance.

[@audreykattan7977]

STFU DO LIVE IN MEXICO

[@MrDarkparakeet]

Can every country be a USA? Is it fair that the Chinese manipulate their currency to gain an unfair advantage over the American Worker? China is the reason why home prices are up! Foreign direct investment. When you buy a home you compete against the world! That was not the case 50 years ago because the world was less interconnected. You praise China as a savior but in fact they can pollute all they want which defeats the purpose of having EVs! Every country should have the right to prosper on a level playing field which China is not doing and Mexico is an accomplice! Biden or Trump will take care of this loophole!

[@omegaz3393]

@0pTicaL EV's are expensive regardless where built. Nearly everything in an electric vehicle is of world market commodities. I.E., the world market determines the price. The labor hours involved in cars are quite minimal in modern production. Likely 10/15 maximum and continues to decline. Currently, it costs more to ship a car across the Pacific then the wage/labor differential between the U.S. and China.

[@Zion66666]

1. Tariffs are anti capitalist. 2. Denying anyone taking advantage of the most efficient business routes to ensure maximum profit is anti capitalist.

[@sandrathompson6381]

Trump doesn't really get business

[@stephenbrecht1696]

​@@sandrathompson6381I don't think that the problem is Trump; the problem is the U,S. consumer.

[@sandrathompson6381]

@@stephenbrecht1696 if company manufacturing in America 🇺🇸 consumers cannot afford it so China 🇨🇳 and Mexico 🇲🇽 with low labour cost goods are best value for the dollars 💵

[@piotrsie5465]

​@@sandrathompson6381but if people lose their jobs they can't afford even Chinese shit.

[@sandrathompson6381]

@@piotrsie5465America 🇺🇸 services sector is there chicken little 🐔 the sky isn't falling

[@chadant2128]

Completely ignored in this video, but it is interesting to note: NAFTA is no longer in effect! This has been replaced by the United States-Mexico- Canada Agreement (USMCA), signed in 2020 says that 75% of the parts used must have Mexico/US/Canada parts. Otherwise, the tariff exemption does not apply. This, of course, then is assuming china and mexico are honest about where the supply comes from. Additionally, props to Mexico for now implementing their own tariffs: 5 - 25% on 90% of imports from China specifically. I do value Valuetainment, but this video seemed like bait lacking fundamental details that are now relevant.

[@jgcastro000]

That’s most of his videos though.

[@zakkattack1374]

Can you make a video for us Mr smarty pants before judging other

[@mtle8]

NAFTA ended. It’s USMCA.

[@thewiscokid81]

That's what I was thinking

[@javierzuniga5586]

Trying to confuse the vote

[@sabinereynaudsf]

PBD is very manipulative. He says he doesn't support one particular side, but he didn't want to link Trump with USMCA here. Remember what did tariffs do US agriculture. It had to be subsidized with $28 billion.

[@mahamoudali2176]

Oooo Poor America losing at its own game.

[@MidnightSunshine27]

😂😂😂😂 that's right ✅️

[@jessicanelson8228]

Wait for it...

[@lubarbo4201]

It is concerning to hear about individuals like Patrick Bet-David spreading anti-Mexican propaganda and perpetuating negative stereotypes. Division within the Mexican community and among other races only serves to further marginalize and disenfranchise already vulnerable populations. Economic finger-pointing and elitism do not address the root causes of issues but rather exacerbate societal divides.

[@EuropeansWillneverBeAmerican]

How many Mexican people are working for PHP

[@caramela4830]

❤

[@EuropeansWillneverBeAmerican]

@@caramela4830 how many Mexicans are in PHP?

[@EuropeansWillneverBeAmerican]

How many Mexicans are in PHP?

[@jmiranda256]

Aren’t most “American” cars made in Mexico? I don’t see the problem lol

[@Ap_twsh]

Quality is the problem.

[@imallstar1]

@@Ap_twshquality is more reliable in Mexico than most countries. More engineers are graduating in Mexico yearly than the US. The schooling they are getting is legit.

[@mannyman1604]

​@@Ap_twsh"quality" don't forget roads bridges , house's, and farming.are all being built in America by Mexicans.

[@pablerry]

@@Ap_twsh lol, quality like ford or GM??

[@someguy4275]

@@mannyman1604all being outsourced to Mexicans for cheaper labor.

[@dariolinan3029]

isn’t capitalism what you preach? And No! Trump won’t stop this. As a matter of fact the relationship between Trump and the Mexican president AMLO are really good.

[@Mike-oi2th]

capital me, tariff for thee 😁

[@patrickbergeron332]

America is doing exactly the same thing to Europe. Multinational American companies open a 'European' branch in Ireland because in Ireland they pay less to nothing taxes and Ireland is part of the European market. They are using loopholes like China is now using. Nothing new here. in the 70' and 80' the auto industry has massively invested in Ontario (Canada) for the same reasons. to make more money by investing in a commercial partner of America. Canada had commercial accords with the U.S. (Auto Pact) that was so good it incite Japanese and Korean auto makers on build plants in Canada. Same kind of loopholes used by China today.

[@krashcash]

Ce ne sont même pas des loopholes si on y pense bien. Toutes les parties sont consententes.

[@Ap_twsh]

Sure but we are talking about the ccp not America everyone copies americas economy not CCP economy

[@MichelleLyn84]

Opening up branches of a company in another company is not a foreign concept and totally different than what China is doing. China is sending regular white people to auctions to buy up land for them then transfer property in their name. I’m talking about they’re buying up farm land here! That’s after everything we buy has a “made in China” tag on it for years now!!!

[@andrewneville1263]

eight we expect this but we need to stop it is what he's saying and trump will try

[@Law19157]

Because Europe doesn't have fair trade agreements with the U.S. European companies can sell in the U.S. without tariffs the same can't be said of American companies selling in Europe.

[@enviosinterdimencionales8612]

change the title... "how americans don't want to work and sail the job opportunities to other countries... then complain about not having jobs".

[@traceh5582]

I mean you are partially correct, the main issue is our countrymen selling us out for a quick buck. The working class is more than happy to work in my experience, but the people who start these companies refuse to put a cap on their profits to make the ethical choice to give back to their home country via the extra jobs and resources. I worked at a company a few years ago that made very large profits for manufacturing and selling non essential holiday decor. Their primary clientele were Americans who were paying them a boatload for these products. So naturally they shipped manufacturing to China, then slowly but surely outsourced the American call center to another country whos employees sounded close enough to Americans to stop the clients from escalating when being handed off to someone from elsewhere....Once again, this was a luxury item company owned by an American that already made money hand over fist for doing something non essential. So naturally lets ship all of the labor overseas so we can save even more money.

[@bigjdm5460]

@@traceh5582thanks for giving more insight.

[@enviosinterdimencionales8612]

@@traceh5582 yes, it's not all the people, they are hard workers, But some leaders looking for easy profit sailing jobs. Exploiting capitalism, nothing wrong with that. But does it have consequences in the long run?

[@yodaichi888]

@@traceh5582 ask yourself this question: will you be pleased to pay $5000 for the same iphones? If you can accept it then Made in USA is possible.

[@aomorgancool1775]

@@enviosinterdimencionales8612 it does have consequences in the long run because Americans will lose all of the well paying jobs

[@nowayangelo]

PROUD MEXICAN LETS GOO 🇲🇽

[@jessicanelson8228]

Yes if you are in the great USA, please go now

[@Rodrigo.alvarez_]

Why would Mexico have to do anything about it, the US wouldn't care if the roles were inverted. It's business.

[@Ap_twsh]

The point is ccp is not america. Sure they are operating under the capatilist market but their goal is socialism.

[@Mike-oi2th]

amercunt demands cheap mexican stuff but also wanna big fat wall border as well🤣

[@andrewneville1263]

yea we would that's the problem is that were fair biz with everyone and they all take advantage

[@ricardo_cn]

​@@andrewneville1263 Fair? You must be taking the piss!

[@emanuelgarzon5131]

Lol!!! fair

[@ferreira8675]

hypocrisy in all its extent. For years they have taken advantage of Mexico, the free trade agreement was always in favor of the United States and now that Mexico is taking advantage, “we must put more tariffs.” And who pays for those tariffs? the consumer, what a 🤡🤡🤡

[@johnteets2921]

NAFTA was always a stab in the back for the people who have to live in the US. It benefited the ruling class in the pseudo democracy sure, but so what ?

[@rickalarcon7988]

Why anybody would listen to a multi level marketer for economic insight is beyond me.

[@javiervega1065]

Because they are naive and silly enough to think they will get rich just like he did.

[@BalaCosmica]

@rickalarcon7988 @javiervega1065 patty thinking china/mexico are going to stop doing business over some stupid show on yt lol dude never had a clue talking bout "did you know mexico builds cars?"

[@jacobl5488]

yeah buts hes not wrong tho. its true. china just set up shops in other countries like vietnam and mexico

[@anc2242]

So true

[@Tisha750]

You are so right.

[@liliaurenda]

Im mexican.... This whole time weve been looked at as wokers not thinkers but in the US and mexico we are making money moves no more standing on the side lines...

[@jessicanelson8228]

Not thinkers, talkers

[@916medic]

Mexico just discovered nearly $1 trillion worth of Lithium in the state Chihuahua. Lithium needed for electric car battery production. Mexico is projected to become the 10th richest contry by 2040.

[@freedomsands8891]

GM is going to extract Lithium in California. However, research GM's ties to China..

[@freedomsands8891]

kzbin.info/www/bejne/hn6qdp6Ffs6JppYsi=70_DiY3d469A0uXn

[@mcUSA94]

You mean Mexican politicians

[@bbiancini]

Good! Maybe they’ll stop shitting across our border.

[@aaronhyik346]

You should know that just take a look at your government and big corporations, they are sucking you guys dry and all y'all do it's fight each other over genders and wars, this is on you guys​@@mcUSA94

[@bobybob8592]

´´Free Market till we dont like the free Market´´

[@ArneDevos779]

🌹I'm 51 and feel bad for younger generations. They wants so much - a big house, new car, vacations, designers clothes etc.. and feel deprive whenthey have to sacrifice. I was the same way but some things changed as I got olderI stopped wanting all that stuff and just feel content having a big stack of cash saved and invested to help me stay afloat through retirement

[@KyleighBouchard]

Success depends on the actions or steps you take to achieve it. Building wealth involves developing good habits, such as regularly setting aside money for sound investment...

[@JoelGray-hp3sm]

Money invested is far better than money saved, when you invest it gives you an opportunity to increase your financial worth

[@EliasVerschueren]

It's remarkable how long term advantage people like us have gotten trying to be consistently not stupid, instead of trying to be very intelligent

[@YanaSimon754]

I keep seeing how lots of people testify about how they make money from stocks, Forex and crypto currencies (BTC) and i wonder why i keep losing.. Can anyone help me out or at least advise me on what to do 🙏.

[@_Michel477]

Even with the right technique and assets some investors would still make more than others.. As an investor, you should've known by now nothing beats experience and that's final. Personally i had to reach out to a financial adviso (Ava Brenda Harry) for guidance which is how i was able to grow my losing account back to $125k , withdraw my profile right before the corrections and now I'm buying again.

[@stonecold2886]

Okay, so in other words Capitalisim is great until its not 'convenient' for someone.

[@javiervega1065]

Exactly, except it was never that great to begin with

[@pedroramires5049]

It's always Mexico the blame

[@namelesswreck6383]

They always need an escape goat.

[@jessicanelson8228]

Waaaaa

[@yixianli4651]

Nah, it’s China all the time

[@flyoutchase]

does PBD know that NAFTA doesn't exist anymore??? lol....hasnt been a thing for a few years now

[@KelvinMccalister]

Most rich people stay rich by spending like the poor and investing without stopping then most poor people stay poor by spending like the rich yet not investing like the rich but impressing them

[@CryptZeus]

People prefer to spend money on liabilities, Rather than investing in assets and be very profitable

[@gailtimms]

You are so correct! Save, invest and spend for necessities and a few small luxuries relatives to one's total assets ratio.

[@OliviaJSanchez]

Thank you Angela Christine Derle for $60,000👍🏻. There are so many opportunities to make money here on KZbin but most people don’t know. Thank you for continuing updates I'm favoured, $60,000 every two weeks ! I can now give back to the locals in my community and also support God's work and the church. God bless America🇺🇲

[@BgRecords-od5yp]

Hello how do you make such monthly ?? I'm a born Christian and sometimes I feel so down 🤦 of myself because of low finance but I still believe in God.

[@OliviaJSanchez]

Thanks to my co-worker (Alex) who suggested Ms Angela Christine Derle

[@nicknoh]

You're asking the wrong question. Do you want to subsidize the salaries of US autoworkers or do you want cheaper cars?

[@yodaichi888]

cheaper cars.

[@javiervega1065]

Subsidize the salaries

[@yodaichi888]

@@javiervega1065 we don't care if ur blue collars r underpaid! 🤣🤣🤣

[@awilliams765]

Car prices are not where they are because of workers. Car prices are where they are because car companies want to max profits--the consumer be damned.

[@brandon-tech]

I want cheap cars

[@kodeedog4660]

China is helping Mexican economy.. what's wrong with that?? Win-win for both China and Mexico.

[@MrCuckoobox]

It is bringing Communism Next Door.

[@dailyamperes]

Mexico is taking advantage. Even if they put tariffs to Chinese companies through Mexico. The USA will be more dependent of Mexico.

[@miracleman8022]

@@dailyamperesMexico always been neutral USA is dumb should of invested in Mexico not China 😂😂

[@Miami1991]

@@dailyampereswhy on gods name would Mexico NOT take Advantage of this ? It’s highly beneficial to the nation OFCOURSE it will take advantage of this , any opportunity for the Addict (The USA) to be hooked on another producers products well if your the producer and seller you have MASSIVE economical and political leverage. You have to be a Moron to not see this

[@josem6761]

A tariff is a tax the consumer pays to the government imposing the tariff.

[@suedi-annhamilton6032]

Tariffs are design to discourage local consumer to buy overseas items....in this case its China. Americans will choose USA products which are of higher quality than Chinese products, because the Chinese products will become more expensive or at the same price as the American items in the same category.... which most Americans will chose US items because the quality is better. Which will overall boost the American economy. The only thing China beats American on is cheap goods, and it's because they have low cost of production, mainly due to cheap labour (some it is illegal, because it's child labour) .....

[@csmlouis]

If the domestic competition sucks or you just do not want anything assembled in USA, then yes.

[@stephenbrecht1696]

​@@csmlouis Unfortunately, many times the domestic product sucks!

[@yogrannyloveme124]

USA Allie to Mexico really? I didn’t know that a country that keeps another country poor for their own benefit will be an allied 😂

[@jessicanelson8228]

They're poor by their own choosing their religion.They overbreathing the filthiness

[@yogrannyloveme124]

@@jessicanelson8228 I don’t expect you to do your research on your country’s dark past but the United States clearly it’s turning into Mexico from what I see. Good luck with your corrupt leaders.

[@miracleman8022]

Brother no one pays that little in Mexico anymore 😂😂 also it’s usmca not nafta anymore

[@alfredomartinez9508]

PBD even with all his success, will allow himself to spread propaganda. He knows how the market works, but prefers to spread propaganda. Guess what PBD; if all those cars where made in the US those cars will be 10x the price, Americans can’t afford basic expenses do you think they will be able to buy a 10x more expensive car? Instead of been more competitive you prefer to put tariffs, pathetic At the end of the day people will not be able to buy more expensive cars, therefore the industry is going to fail anyway Shouldn’t people decide what they want to buy? They always have the option of not buy a byd car for 25k, and go for a 60k Tesla

[@aljanet1514]

I am in San Diego and one of my neighbors who had bought a vacation home in Mexico years ago had applied to get resident papers and while waiting at the office she had to sign in to this book and noticed ALL the rest of the names in it were Chinese.

[@thomaskrieger5685]

The US should have been investing in North America from the start. The USA, Canada, and Mexico would be a great economic superpower for the indefinite future.

[@javiervega1065]

The U.S. doesn't want that

[@johntrudel6849]

​@javiervega1065 if by U.S. you mean this current administration beholden to the UN globalists, then yes, you are correct

[@BalaCosmica]

@@javiervega1065 exactly, it was i think berzinksi who said that they didnt want a "japan south of the border" 🙄

[@EuropeansWillneverBeAmerican]

@@BalaCosmicathe US wanted to nuke Mexico by using Germany as a ruse. Germany and USA have always been friend via the shadow ghey boy magic club.

[@ryo_minatozaki5254]

The problem is all the stuff to create the things the USA imports is overseas so they would still have to rely on other countries to get it, the USA is a not a country meant for large trade exports most stuff made here isn't up to par as in other countries that's why you see shows making fun of American made products because we just suck at anything that isn't military grade weaponry 😂😂

[@joeyyy771]

There 100 % own Mexican companies in USA creating American jobs . You forgot to mention that

[@Betomustknow]

People forget that Mexico is a free country too, and have every right to do business in a way that benefits them as a country

[@aaronvessels9406]

Valuetainment, shouldn't we embrace free-market capitalism here and embrace the words of Milton Friedman? Why do you support tariffs? Tariffs hurt American consumers by raising the price of our products. Firms shouldn't be protected from fair competition from China, it fosters domestic inefficiency. You say they are stealing money, I say they are fairly making money by creating cheaper products that I buy.

[@tygoulding2547]

That’s looking only at what can be made cheaper, they hate us and want to take us over. Saying we should allow that is giving your enemy a victory in the economic war they are waging against us. And sure if they actually can build things better than us great, that’s free market but that’s not what they do. They steal everything. Imagine how much they save on r&d by stealing our crap and selling it back to us cheaper

[@ramirocarino1422]

This was a Trump Ad.

[@javiervega1065]

No you should embrace socialism so you don't have American manufacturing cities turning into wastelands... and have your economy completely reliant upon another country, capitalism has failed the American worker.

[@aaronvessels9406]

@@javiervega1065 talk to the Chinese worker, or the Soviet worker or a Venezuelan worker or an Ethiopian worker or any other one from a socialist regime

[@javiervega1065]

@@aaronvessels9406 the chinease workers love their country, affordable housing, a living wage, and get this free at the point of service healthcare? Wait and no drug addicts passing out in the middle of the streets? Huh who would have though socialism works

[@krashcash]

That's called free trade sir. If there is a willing buyer and a transaction took place then no robbery took place. This is a misrepresentation of reality.

[@Bearsacci]

This is why cutting taxes for the rich is not good. The benefits never trickle down. They use their money to buy back stocks and invest in foreign labor. Yet we still bail them out. Greed.

[@juliovilla5246]

How about instead of spending billions of dollars in foreign wars, why don’t WE the USA , invest that money in Mexico to build cars and the stuff that Americans needs on a daily basis. Hmmm 🤔

[@jessicanelson8228]

How about we build them in the US

[@aworshaiza9277]

How can said it's stealing? When the US companies are using a cheap labour from other and making huge profits are you going to say US are also stealing from that country?

[@Rudolfo.Valentino]

Did you guys forget that there is a Tesla factory in China? plus many US companies. …. I think you should be happy not threaten.

[@skaraborgcraft]

Its not Chinas or any other countries problem that America can not compete. Maybe you should become isolationists and not import anything, see how that works out?

[@javiervega1065]

It would work out great, more factories and jobs an actual middle class again. Not having to be reliant upon another country for your economy. You would have to be very silly to not want that.

[@skaraborgcraft]

@@javiervega1065 You have to realise why it left, corporate greed. Germany now has the same problem with the loss of cheap Russian energy, and so building plants in China, cheaper wages and costs= more profit. Its like a race to the bottom.

[@zakkattack1374]

@@javiervega1065and you think average American people like to work factory job?

[@ChestyPuller1775]

You guys are clueless about Mexico, Mexico is brilliant now that they’re coming up United States don’t like everyone can get a piece of the pie but Uncle Sam doesn’t like it . Mexico is a country with more history and culture than United States is just a matter of time Mexico rises up

[@jessicanelson8228]

Haters, you will slop those words

[@KhanWuMusic]

So they are doing what you were doing before but you are exceptional and they are not? 😄

[@bbiancini]

What country are you from?

[@caramela4830]

Thank you!!! ❤ They're not happy Mexico is not defending itself and doing what is best for them.

[@jessicanelson8228]

With the help of communists. Best of luck

[@OmarWaters]

Let's stop blaming other countries for our own disconten. Lets star investing in our country. Promote values and morals. A Good judge starts from his house.

[@enriquemorales8781]

You should follow your own advices and stop complaining about the free market you're so proud of, don't take it too personal and put some work on it

[@DY0309]

😂😂😂😂😂 indeed!

[@Drozzix]

If i remember correctly, some Japanese car companies like Mitsubishi have been manufacturing some if not most of their cars in Mexico since the 1990s. Even the Eclipse had Made in Mexico stickers everywhere under the hood. About time everyone else caught on...

[@slomo4672]

So does Mazda

[@pedroramires5049]

And vw beetle are made in Mexico German company

[@Miami1991]

I’m a American but I live in Querétaro state in Mexico in a region in Mexico called the “Baijo” (like hill country etc ) This is the most economically developed and vibrant part of Mexico connecting trade from the border to Mexico City . Poverty is very little here and many developments are getting built as there is a growth spurt of the Mexican Middle Class. Mexico is doing its thing very well

[@javiervega1065]

Poverty isn't little there what are you talking about?

[@Miami1991]

@@javiervega1065you never been here I can tell . Maybe in the south of Mexico and towards the western Michoacán and Jalisco region but here in Queretaro , San Luis Potosí , eastern Guanajuato, Mexico State and the capital it’s one of the highest standards of living in Mexico and you do see some poverty but these people have 4 cars in their small brick home driveway and got a shop down the street . The poor are asset heavy regardless even if it’s petty stuff and most of the poor are buisness owners with small food stands etc . The thing is the poor are productive here so there is growth . Not the welfare queens in the US which produce nothing of value that’s the difference between the poor in Mexico and the US . Every year more people enter the middle class here in Mexico . I don’t know the same for the USA

[@TheEdmex3]

i know queretaro as well and yes i can witness that the upper middle class if huge there in Queretaro, sure there's is some level of poverty but not as noticeable as other cites, hell not even as noticeable and some US cities

[@MidnightSunshine27]

Ppl can say what they want about Amlo. But tbh, Amlo economics have been great for poor to middle class in México.

[@jessicanelson8228]

Wow

[@halfevil661]

WE STEALING FROM USA N USA STOLE R LAND SO WE EVEN Y U CRYING ABOUT IT😂😂😂

[@MaybeNextTime0]

You lost a war. That's not stealing land, dimwit. If that was the case, every single nation on earth that's even remotely developed would be guilty of that.

[@hugojuicevalladares8713]

Just because the U.S is allies with mexico isnt a bad thing. Its bad thing in the eyes of the u.s because they are not getting a cut. A loop whole isnt breaking the law. The U.S is all about legal loopholes...

[@JoelsterG4k]

Well everything is so expensive here, even a costco membership is cheaper in Mexico and it works here, and you want trump to implement tariffs so we pay more because is made here in USA? How is that going to benefit the people.?

[@Alfonso_talent]

Hi Patrick, I’m from Monterrey, MX. Here in mexico, specifically in the north, the companies not only in the automotive industry are struggling with the blue collar employees. We’re looking in the south of mexico for them.

[@ricardoalejandrosaldana633]

In my opinion the USA has to stay out of Mexico’s business as long as they follow their new version of nafta that Trump and the former Mexican president signed then that’s that. Let China invest in Mexico and if Americans want to buy Chinese cars then that’s their business.

[@dexvideo8096]

That's just business...

[@javiervega1065]

No just an experiment gone wrong

[@oscarrivera1958]

There are several “channel” countries China uses not only Mexico. Malaysia, Vietnam, Laos, etc are in those countries too. They ship parts to these countries and finalize assembly there to then ship to their final destination: usa and Europe. So we either raise tariffs to all commercial partner countries of China and risk becoming isolated or just accept that manufacturing jobs will never come back, US workers don’t even want those sweat shop jobs.

[@javiervega1065]

Of course they do, they just want a living wage to be able to provide for their family and put a roof over their heads. America did it for centuries no reason why they can't do it again.

[@df23]

Exactly this is also a better situation than before, rather than only benefiting China (before tariffs) now Mexico is also included in the equation? Is that not better? Or would they prefer no exports lol This way US can enjoy more wealth from both ends of their border and benefit in higher trade and focus more on higher skill jobs but meh protection racket it is

[@javierzuniga5586]

Pat, a stronger Mexico economy will reduce the migration of Mexicans to the US. Isn't that what conservatives want, less migration. But I guess having Mexico poor it's better for the US 🤷🏻‍♂️

[@alanbejarano4940]

Illegal migration, which is totally different from legal. And to be honest and accurate, most of the illegal immigration contributing countries are Venezuela, El Salvador and some others from south America, not Mexico.

[@Miami1991]

Mexico is far from poor

[@jessicanelson8228]

No, having Mexicans home, and cutting folks off of welfare, there are jobs out there and we as Americans need to get back to work

[@Fertube0218]

We where here first…

[@jerezano4096]

IS CALL AMLO NOMICS !

[@jsanders3837]

The 2,000 yr old Chinese game of "wequi,* is a two player game with one objective - to capture the majority of territory by surrounding your opponent.

[@nelzonruiz2674]

This benefits everyone, I see no problem here. Everyone is screaming products to be made in America until it is time to pay 10 times more for the same product.

[@infamoussnyc3761]

I don't wanna hear shit when those tariffs go through and car prices soar 😂

[@ivan-rb4jv]

the US is to blame for alot fo this also, tech companies ship labor overseas to save cost this impacts our economy huge, and builds foreign economies. Company i work for shipping jobs to New Delhi and Phillipines. Companies dont care about the US they only care about their profits.

[@traceh5582]

Yup, I experienced the same thing at the company I worked for a few years ago. The company was making money hand over fist for seasonal items that were not necessary purchases in any way. They moved manufacturing to China, but kept the call centers local in the U.S. because Americans like to talk to Americans and would escalate when they were handed off to someone from elsewhere. Slowly but surely the company tested the water in different foreign call centers globally as a part time solution to see how different centers would do. They ended up finding one where the phone operators sounded close enough to a standard English accent to remove the escalation problem before fully shipping the call center over there to pay them less....Once again, this was a luxury item company owned by an American that already made money hand over fist for doing something non essential. So naturally lets ship all of the labor overseas so can save even more money.

[@javiervega1065]

That's your beautiful system of capitalist.

[@dariocontreras5315]

Solution: US invest in manufacturing in Mexico. A big issue is that countries fail to understand that helping the neighbor is beneficial to all.

[@dariocontreras5315]

Or…. Manufacture 100% in the US. Make good products, and export

[@hectorcardenas2171]

I bet US consumers want some alternative to Tesla, at lower cost, same or above quality. Yes, it’s called BYD.

[@slamtilt01]

The problem is if the factories including this huge new one they’re building are legitimate Mexican 🇲🇽 registered businesses. And, they are owned by Chinese 🇨🇳 born Mexican citizens. There’s not much Trump could do. They could say that they have licensed agreements with BYD and Geely and SAIC to build cars.

[@spirenguard]

Honestly pretty clever move by China. What we allow is what will continue, and they know we'll allow it.

[@traceh5582]

Between this and Mexico refusing to take back their illegal migrants. I would say the U.S. has definite grounds to take action. Before we venture out to solve the worlds problems we need to address the snake at our back door.

[@alexlopez5800]

Exactly. You tolerate what you tolerate.

[@Zion66666]

Orange man was making and buying all his merch in China 😂

[@jessicanelson8228]

And the delusional old pervert?

[@epsilon3821]

what the hell Pat you dropped the ball on this one please go and rewatch FREE TO CHOOSE by Milton Friedman and look at his stance on free trade

[@blevins-share3918]

US car manufactors also build cars in Mexico like Ford. Most US cars are not built in the US like Telsa. I would love to see america made products but that is of the past on many items. The real issue is American needs to make harder laws on importing goods to protect American from harming our people and environment.

[@hectorcardenas2171]

😂 no FREE trade in the country of “Freedom”. 😂

[@javiervega1065]

So according to you America should not be able to make anything ever again?

[@blevins-share3918]

@@javiervega1065 I never stated that America should never make anything. I am stating that many companies that started off in America, which were built by American employees and American consumers. Then the companies left America because the owners of these companies wanted more profits instead of sharing their profits with Americans. For example Ford was founded in America and now most if not all of the manufacturing is done in Mexico. Now that Ford no longer has to hire Americans they have reduced their overhead cost. At the same time by moving to another country they have reduced labor rates, less environmental restrictions and still charge Americans higher prices for their products. It was Americans who built the Ford Company. If they truly cared about America they would have stayed in america. Second point is that America has always maintained high standards in the past through heavy labor laws and environmental laws. These laws help protect America and to keep us the best. Take for example DuPont who polluted our American drinking waters and only got a slap on the wrist for contaminating our water resources. This American company should be allowed to exist in business. people should have gone to jail over that. Think about it. By damaging the water supply we are damaging our children's water supply, our grandchildren's water supply and future generations. Every American should have the right to live their dreams, build a better country, and have the right to attempt to prosper in this country. At some point we all must realize that there is a time to make a profit and there is a time to protect America. I believe in American ingenuity but taking American Ingenuity into other countries at reduced standards and selling it back to Americans for high prices makes no sense to me when Americans are losing jobs and forced into buying inferior products that are manufactured in other countries.

[@blevins-share3918]

@@javiervega1065 I never stated that America should never make anything. I am stating that many companies that started off in America, which were built by American employees and American consumers. Then the companies left America because the owners of these companies wanted more profits instead of sharing their profits with Americans. For example Ford was founded in America and now most if not all of the manufacturing is done in Mexico. Now that Ford no longer has to hire Americans they have reduced their overhead cost. At the same time by moving to another country they have reduced labor rates, less environmental restrictions and still charge Americans higher prices for their products. It was Americans who built the Ford Company. If they truly cared about America they would have stayed in america. Second point is that America has always maintained high standards in the past through heavy labor laws and environmental laws. These laws help protect America and to keep us the best. Take for example DuPont who polluted our American drinking waters and only got a slap on the wrist for contaminating our water resources. This American company should be allowed to exist in business. people should have gone to jail over that. Think about it. By damaging the water supply we are damaging our children's water supply, our grandchildren's water supply and future generations. Every American should have the right to live their dreams, build a better country, and have the right to attempt to prosper in this country. At some point we all must realize that there is a time to make a profit and there is a time to protect America. I believe in American ingenuity but taking American Ingenuity into other countries at reduced standards and selling it back to Americans for high prices makes no sense to me when Americans are losing jobs and forced into buying inferior products that are manufactured in other countries.

[@MaGeRdAnGeR1]

Am I going crazy or are you interpreting the graph at 8:12 wrong? It says exports FROM the United States TO China. That is us sending them cars no?

[@luispacheco7096]

You are not crazy, and Americans end up paying tariffs

[@Dengtree]

Pat is a walking hypocrite in every way possible!

[@DrOksalev]

PBD... Six years ago we had a new government that broke away from what the past 70 years of bad politics did... That made a huge difference

[@divyanshsh]

america is doing same thing, with India, and riding on India with countries India has 'free trade agreement' with (i.e.: middle east countries and africa)

[@namelesswreck6383]

BRICS

[@ramirocarino1422]

Tariffs cost always go to the costumers and the USA made is not what it used to be. Low quality, no reliability, and high markup. Pickup trucks is where the US has it market but they fail to deliver good products.

[@jonchan5807]

What you are winning, you say free market. When you are losing, you say tariffs.

[@lcruz2783]

Crazy we are doing this to ourselves

[@javiervega1065]

And you'll keep doing it because you've been trained like poodles to think capitalism is the best system to live under

[@gregattanasio3185]

My wife has worked in manufacturing/imports for over 25 years. She said it’s mostly Chinese owned and run companies doing this in Mexico. They set up shop and legally can staff 50% of their labor force with Chinese and the rest Mexicans. So- a loophole. They’re also doing it in Guatemala, Peru, Honduras- the list goes on. Koreans are also doing the same in SE Asia and Central America. Not uncommon and has been done for a long time. The difference is the incentive to not conduct labor or physical making of product in China anymore. But the profits are still lining Chinese pockets.

[@ariesjalisco1362]

In the end Mexico will be the winner

[@jessicanelson8228]

You are ignorant

[@MusicUNIversal420]

Someone sounds mad that his beloved county is going down the drain. I moved to Mexico and I’m doing a lot better here

[@jessicanelson8228]

Great.stay a very long time

[@MusicUNIversal420]

@@jessicanelson8228 I will go save up for some eggs Jessica we all know you love em

[@clayak]

Brother can I say I've been watching your videos on American economics and foreign policy lately and I'm absolutely loving it. Your channel has just gotten more valuable and entertaining for me keep up the good work

[@jerrys.design3726]

AWS invested $5bn usd in Mexico Tesla is set to invest $15bn in Mexico (Not Chinese companies btw...) At this pace Valuetainment should also invest in Mexico

[@llpp202]

Don't you love capitalism! I do!

[@thomasrogers9146]

NO ONE IS ENTITLED TO ANY THING OR SUCCESS. TRADE IS ABOUT COMPETETION NOT AMERICAN EXCEPTIONALISM PATRICK. ITS ABOUT COMPETE OR DIE. THAT IS WHAT CAPITALISM IS ALL ABOUT. NO ONE OWS ANY THING BECAUSE WE ARE AMERICAN.

[@ManG20245]

The question is as a consumer where do I get the best value of my money. Or do I support American companies buying an expensive car to help with their profits? Its a tough question.

[@AlbertoMerelo]

Why Tesla don't do the same? Building factories in Monterrey, Juárez, Mexicali or Tijuana? Same strategy: Cheaper labour, you create jobs for the Mexicans so they won't be forced to emigrate to the US or to deal with drugs, and they company would fully benefit from NAFTA treaty...

[@eleddi597]

It doesn’t hurt that Mexico at the moment has a president that is Mexico first not like the previous one that was in Cahoots with the democrats

[@crazynavyhm]

Coming from the professional MLM expert!!! LMAO scammer veteran at your service

[@rwentfordable]

The hypocrisy of this channel is delicious. 😂

[@gunsandpoker7432]

Truth hurts boo. Own it.

[@CjExpendable27]

@@rwentfordablecalling it delicious is nasty business 😂

[@JBear-in1ql]

But here is China’s brilliant hedge. Even if the US manages to puts tariffs on EVs imported from Mexico, these EVs will be in great demand in Mexico, Latin America, Caribbean’s and even South America. Checkmate.

[@fangzification]

Any country that is not rich in oil would want them. If they are rich in one of the metals that go into the EVs, then they can get a deal that allows them to move up the value supply chain by asking China to build facilities for mining and processing the minerals (see Indonesia).

[@dwaynelattimore819]

This needs to happen in the tech industry! All of our careers are being given to India (whom I don't personally have a problem with) and this hurts our economy and our position as a global leader in technology! Any jobs we have should be given to Americans first and then what can't be filled should be outsourced! We should not outsource to the detriment of our own citizens! #AmericaFirst🇺🇲