Joe Biden Tariffs Against China Just Backfired on the US Economy!

Joe Biden has just passed numerous tariffs against China. But these tariffs will not help America close the manufacturing gap with China, nor will it stop China's rise. The real loser in this entire trade war is the American consumer who will pay more for the products they need. In today's video we break down the new tariffs against China, the myth of overcapacity and how the US is facing an inconsistency problem.
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#china #tariff #biden

[@CyrusJanssen]

✅ Get exclusive bonus content and more insights on my Locals Community here: cyrusjanssen.locals.com/ ✅ Subscribe to my Geopolitics Newsletter: cyrusjanssen.substack.com

[@stevensteven3425]

Hi Cyrus, the book from Graham Allision "Thucydides Trap" explains it all. But the comparison with the ice skaters is also a good one.

[@CyrusJanssen]

@@stevensteven3425 That's an excellent book!

[@damienthorn2917]

A tariff is nothing more than a tax on the US citizens. The goods that cost you 100.00 now will cost you 75% more.

[@comment6864]

Doesn't this also raise prices for us, American citizens? Anybody who was counting on building something (like say a church) on a lower budget with steel from China is screwed. Or am i missing something?

[@azerazam]

zero ads good video

[@kkbmmalinaukaltara5786]

Asian countries never complained when Ford cars, Apple iPhones flooded the Asian market. when the United States loses competition, they have many reasons.

[@darkgardenrecords9264]

They just worked harder

[@cwd5736]

American businessmen are dictators

[@earlvarner9479]

US full of excuses

[@taipizzalord4463]

Well they had no equivalent to be fair.

[@rajeshkumarm6441]

US logic - if China is better then it’s China’s fault 🌟

[@DarkVader-jj4dt]

Tariffs are a sign that the U.S. has already lost the trade war

[@darkgardenrecords9264]

Basically, it’s a last gasp

[@xanderpiz8770]

"You're better at basketball than I am, thus I am going to take this ball and go home."

[@189Blake]

indeed, it's like "well, I can't compete with you, so I won't"

[@davidwoon6402]

Sadly, tariffs are US Gov gains and American people loss. Period!

[@chongdi6140]

​@@davidwoon6402when will the American people realise that they have been duped by their government? Where's their freedom to buy an EV of their own choice? Think about it!

[@Muller_Andr]

With 22% of Americans lacking retirement savings, I'm seeking advice on growing my depleted $120k.

[@BenBak-wt7qi]

Evaluate actions harming your finances, like carrying over credit card debt monthly.

[@Jennapeters144]

Take small steps; any progress beats inaction.

[@simone_maya]

Create a budget with a financial advisor for effective income and expense management.

[@EmmaFritz90]

The decision on when to pick an Adviser is a very personal one. I take guidance from ‘Monica Mary Strigle‘ to meet my growth goals and avoid mistakes, she's well-qualified and her page can be easily found on the net.

[@mb9662]

Move to Mexico or Argentina to retire

[@jayobannon5359]

As a boomer, when I watched the u.s. offshoring it's manufacturing, I wondered how long before we would collapse. Never thought it would be in my lifetime.

[@Ziegfried82]

Interesting. I figured it would happen far sooner as a Gen X who has been watching it continue to get hollowed out since the 1990s as a kid when I saw everything was made in Japan, Korea, China, etc.

[@ExpatZ266]

@@Ziegfried82 Exactly, I knew by 1977 (at 12 yo) that the US was in serious irreversable decline. Not sure how the rest of the country misssed the obvious.

[@andrejrockshox]

dont worry, china will soon get a dose of democracy

[@terryschoenith5249]

Yep- we could never survive just as a service economy- lots of people were saying it all along the way- 40+(+) years- it was folly from the start.

[@pyrophobia133]

​@@Ziegfried82rule of 3

[@chrismartinez5100]

Isn't America supposed to be the champions of free international trade? The irony of this

[@grandwonder5858]

The big American lie and hypocrisy!

[@melvinbarnett1910]

Free trade for me, not for thee.

[@w462dh]

free trade when USA goes into other countries and sell them bonds and oils. not the other way round.

[@MusehanaH]

@chrismartinez5100, yes. Free to enter your territories and not vice versa 😉

[@josue_kay]

They're champions of hypocrisy 👍

[@firstprib7742]

Obama also applied high tariffs on chinese solar panels and granted hundreds of millions of subsidies to local companies. Nothing came out of it. These subsidized companies largely closed shop after several years. Look it up.

[@greggpon7466]

Yup 250% tariff on solar panels. What % of the world's solar panels are made in China in 2024.

[@barnabusdoyle4930]

We also send huge subsidies to our own car manufacturers who use the money for dividends and stock buybacks, not on improving their products at all.

[@EverettBurger]

I wouldn't say NOTHING came of it. I am sure lots of political campaign money came flowing in due to those actions

[@xanderpiz8770]

​@@barnabusdoyle4930Look at the death of the Australian car industry, 2013 is when the Government stopped subsidising local manufacting. All local major car manufacturers closed shop by late 2017. We are now at the mercy of imports. Think state subsidies only exist in China, Russia etc?

[@brucejohnston3162]

You mean just like the Trump's tariffs did back when he was President? Let's remember that Trump raised the National Debt by way over $7 trillion in just 4 years. We DON'T want him back ever, he will make America a disaster. The fake billionaire can't even come up with a bail bond for himself, what a fake con man. Dump Trump.

[@paulklt]

I have to agree, I been in China and their new EVs are like space ships. Compared to outdated bug looking tesla. Chinese work hard while America prints fake money.

[@thisiskevin1000]

Europeans, especially the Germans, French and Italians are collaborating with Chinese battery companies and EV makers to cross-license tech and architecture

[@rompemord1]

Tesla competes good in china

[@ruger6049]

@@rompemord1 Tesla is junk.

[@jackyjackson604]

Not that good, EV market share less than 10%.... And the number is from last year

[@paulmcgreevy3011]

Tesla’s look stylish and classy. Have very high performance and efficiency, have excellent software and are the world’s safest cars to drive. People don’t want ‘spaceships’. Tesla model Y is the world’s most popular car for good reason.

[@allen2zulu]

Our "enemy" produces 99% of our stuff 😂

[@AvitaBeckling]

China is not the enemy, the US is its own enemy by giving trillions and trillions to everyone else except our own people.

[@grandwonder5858]

China beats the US so badly that the US is forced to play so dirty that it makes Tonya Harding look like a good sport!

[@larrysherk]

It is characteristic of America that our people have no real idea what's going on. Biden is a classic.

[@yfelwulf9930]

Ah but you get the best FLAG WASHING money can buy.

[@shadowfox2635]

......soo i assume your not american

[@alexandervantricht2189]

@@shadowfox2635 so , you need to be an American (and live there ?) to say something about the state of America , I'm from Belgium with your ex president , narcissist 100% , who said that the capital Brussels is a hell hole ! , is he a Belgian ?

[@shadowfox2635]

@@alexandervantricht2189 no you assumed that Americans don't have any idea what's going on newsflash! We do if you ever talk to the average American citizen you will find that we do not support funding in Ukraine and we don't support bidens bullshit at all Biden and his administration has utterly failed to represent the people

[@shadowfox2635]

@@alexandervantricht2189 Incase you didn't notice we Americans don't support most things the president does or says... Lol don't take trump or any Us leaders word as the word of the citizen

[@redpanda416]

LOL, China doesn't sell any EV in USA anyway, so 100%x0=0. And where does the battery of the US EV come from? China. Good luck getting cheap battery now.

[@catinbootsnow4267]

American car makers will set prices at 180% of the Chinese cars to ensure their competitive advantage on prices. 😂

[@cwd5736]

Since China became part of BRICS alliance, China doesn't need to do trade with America anymore!😊

[@michaellee3903]

Technically you can buy a Chinese EV here in the US, but you have a lot of convulated paths you have to take to get one.

[@redpanda416]

@@michaellee3903 which makes this tariff a joke. Even if China is selling EV in US, China can simply open factories in other country like Mexico or Brazil, and change it to a local brand to avoid the tariff.

[@jetlongextra]

American can not do math😂

[@SteveBurg2001]

The reliance on tariffs is an admission that the US has already lost. We spent 30 or 40 years dismantling our industries. Americans want to work in real estate or legal professions, they have no interest in making great products people want to buy.

[@markstuckey6225]

You are exactly right. And USA has rested on its laurels continual saying it's the "greatest country in the world" instead of proving it. It has almost made it impossible to get a good, useful education so, of course, it lacks a skilled workforce. Sad to see all these great centres of industry dead (Pennsylvania and Cleveland steels as well as Sheffield in the UK). It all started with Reagan and Thatcher. USA now needs to live in partnership with China not in opposition (USA can only lose).

[@snarlz]

How else do you deal with a bad actor who steals IP, subsidises industry with tax money (instead of dealing with Tofu Dregs high rises and crumbling infrastructure, dams that fail and kill thousands) and engages in price dumping? In a "fair" trade environment tariffs are bad, China does not trade fairly and do not compete openly.

[@markstuckey6225]

@@snarlz But USA doesn't either. It survives only because USD is the default currency of trade. It has crumbling infra/superstructure, USA loans have always had huge string attached designed to send borrower states into vassalage. There are very few states that are worse actors than USA. It is more loathed/feared than any other country, yet considers itself "a shining city on a hill".

[@snarlz]

@@markstuckey6225 China's infrastructure is in way worse shape that US. They have crumbling dams, regular floods, tofu dregs high-rises that literally have cracks running down multiple floors, buckling bridges, failing high speed rail, and the agricultural sector is on chaos, even if it wasn't they are dependant on imported fertilizer and even imported food... The financial sector is in chaos thanks to the real estate bubble they've built, which makes the American real estate bubble look like a fizz in a glass of coke. And let's not get started on the shadow banking system. Yes we do benefit from being the default trading currency, but that is because we do not engage in currency manipulation, and maintain a stable value on that currency. Why on Earth would another economic power want to peg their economy on any other currency? The Euro is not as stable, certainly not Chinese currency or Iranian or Brazilian or anybody else... Until there's a viable alternative, I don't see the dollars hedge money for trade deteriorating at all. And even if it wasn't, we have the most natural resources in the world, we can feed our population and in fact our net food exporter, in fact, we also export carbon fuel, we're still the largest economy on the world... Even without the Petro dollar or the dollar being used so much in trade. With several countries in South America recently announcing that they are changing their local currency to the American dollar, it seems like the dollar is expanding, not contracting. Don't you think? I mean? Do you follow that in world news at all?

[@gti500]

​​@@snarlzI'm just an old western engineer who has travelled a bit in the US and China and I'm sorry to advise you but there is not a major city in China that is not decades ahead in terms of technology and infrastructure. Furthermore the Chinese produce far more patents these days than any other country. What do you expect when you have 4.8 million STEM graduates every year compared to the US about 200, 000.

[@Lee_303]

A president who doesn't know what's going on in his own head & can only read autocue when his handlers have given him his meds should not be president. What the hell is going on, America?

[@rogerstarkey5390]

Covfefe

[@rogerstarkey5390]

He had a good role model with the previous "Toilet paper on shoe" incumbent

[@justthefacts5008]

You see, Biden has no clue what he is talking about. Biden doesn't the word "Tariffs" stand for.

[@metricstormtrooper]

Better than a lying convicted criminal.

[@iWananGg]

Ancient Chinese proverb "If you throw a pebble, don't be surprised if you get hit by a big rock."

[@dianasong4594]

indeed

[@dereksoh8288]

I'm Chinese and I've never heard anything like that. It's "玩火自焚", "If you play with fire, you'll burn yourself."

[@ggttuuxx]

There's no such Chinese proverb. But your invented quote is true.

[@ViceCoin]

The US is a consumer and service economy, not an industrial economy.

[@jimechols4347]

America is the Philippines 😂

[@winfriedbij684]

The US cannot export valuable products to pay for their imports.

[@pinoyrunningpenguin]

It's only export is the dollar which is being used as global reserve currency so it can print at will. But that will end when the world uses a different currency for trade

[@chrismay2298]

@@pinoyrunningpenguin Which appears to be gaining momentum quickly. Once they drop a gold backed currency, "king" dollar is done for good.

[@connor1414]

Military being the biggest service provided

[@Aussie-nd7si]

Just a note, while China is the biggest steel, aluminium, solar panel and ev car producer, it is also the biggest user of these products. It's called economies of scale.

[@faritop]

Economy of scale has nothing to do with a company having an internal market. You can have economy of scale an your operation can be export dominated

[@cwd5736]

​@faritop That is how China government improved China, created jobs to their own people for out of poverty for the last five decades! Call Encourage their own people to create business and to trained up skill workers in every key sectors.

[@faritop]

@@cwd5736 Again economy of scale is not the name of what you are describing.

[@drewstead316]

We didn't really beat the Soviets in the space race, we out-spent them and tooted our own horn all through the 80s leading up to the fall of the Soviets in '92.

[@NO1xANIMExFAN]

god i hate american foreign policy holy shit this country is doomed

[@michaellee3903]

Our foreign policy is run by arrogant grifters who also happen to be extremely illiterate in economics.

[@Jose-hs4vk]

The United States spends billions of dollars in useless wars, while China spends billions of dollars to grow its economy.

[@sciencequest4702]

America is fucked in so many areas

[@connor1414]

Operation move to europe

[@ferro706]

Did you know that zelensky costs US tax payers 3 million dollar per hour:)every hour 3 mill.

[@Andrew-nh5zg]

It's not just the tariffs that mark the end of U.S. economic dominance. Worse, is the failed sanctions on Russia. All it did was incentivize Russia and China to build alternative transaction clearing systems like SWIFT and accelerate global de-dollarization. Saudi Arabia is accepting non-USD oil trades for the 1st time since the 1970's, breaking the petrodollar.

[@thomasalexand]

BRICS - The end of the hegemony petro-dollar.

[@Ziegfried82]

This is the real death blow. The USA played their hand and it turned out it was a bust..now the dealer takes their chips. The USA is going to decline in a way the world has never seen since the fall of the USSR.

[@zartic4life]

America is like that former world champion boxer who refuses to admit they're lost a step despite the competition proving otherwise.

[@bjung8858]

The US tried to keep Toyota and Datsun ( now Nissan out ) and the Japanese ended up taking over the small car market in the US

[@cwd5736]

Your native motors company didn't lower the price of their own car to compete with Japanese companies, not adaptable to changes is the answer!

[@notruthinthisworld.8414]

After this increment, I ordered my first China made EV and I will gladly pay that 100% increment on its arrival.

[@grandwonder5858]

I will be doing the same simply because the Chinese make the best EV’s in the world right now! Nobody comes close!

[@khgktjjruhfhb]

+12 Social Score

[@JimmyDoyel-by2cp]

Lol it doesn't even work that way, and KZbin decide not to operate in China so no one will know anything to affect their so call social credit scores that are VOLUNTARY, LOL. Update your talking point.

[@privatename2648]

BS

[@LyricsQuest]

US Government doesn't mind making that tariff profit, instead of the US car companies' profit. It's not going to complain.

[@Theresa-wp6kv]

europe also got screwed.

[@nimrodery]

stolen comment, bot

[@WONGKHAIHONGMoe]

@@nimrodery Person: has opinion that is same as others Random internet guy: "StOlEn

[@kennedy6618]

Europe screwed themselves...not China!

[@nimrodery]

@@WONGKHAIHONGMoe it's a bot

[@do_duc8799]

This is what happens when you spend all your budget on the military industry..

[@ruger6049]

Better than being invaded isn't it? Poland spends more on military than the US. It's call security against invaders.

[@chrishenry5945]

The liberals obsession with “Green” energy destroyed our ability to compete.

[@cabanacaterer]

When is 3.5% all your money ?

[@gti500]

When you have to borrow it. ​@@cabanacaterer

[@rusticbox9908]

I've been watching your videos for a few years now. the best is how you give examples for your arguments, clear hard facts and data to backup your views! Not just the 'trust me' garb I get from the WH and politicians.

[@yoongzy]

You know what the US currently looks like? It looks more like the Soviet Union.

[@philiphoactuallyitstartedb3457]

The Soviet didn't have that many citizens sleeping on the street

[@SubvertTheState]

I've been saying this for several years now. It's not hyperbole.

[@yoongzy]

@@philiphoactuallyitstartedb3457 So true

[@sic8098]

That's not fair on the Soviet Union. Russia has prettier women...or at least natural ones.

[@kathycollett4318]

The USA trying to build an empire and tripping on its own clown feet.

[@liberty-matrix]

China is the largest car market in the world. They graduate over 4 million engineers and phD's every year, they'll fix it. With greater manufacturing output than the US & Europe combined. China won't just dominate in EV's, they'll dominate in everything.

[@taylorshin]

@@OOL-UV2 Actually, it's more creditable than the credit score that banks use when you apply any mortgage.

[@KayyHong]

except in military spending and in the transfer of taxpayers' money to the rich (the only form of socialism embraced by the Ruling Elite)

[@G41251]

If they have customers. The problem is no one trusts or respects China anymore. Why would you continue to trade with a country that robs you blind whenever possible?

[@G41251]

@@OOL-UV2the FBI will establish your report soon.

[@muchamadadchan4941]

China can produce everything and China's market can absorb everything. China will well develop without US but US will die without China.

[@1bhaihay]

The US should learn to live together, work together & compete in a friendly way with other nations & not imposing tariffs as a way of conducting business. That is defeatism.

[@kltha6571]

US: remember we never be no. 2 in the class 😂😂😂🤔

[@kennethkapon3426]

I agree with you one hundred percent. We are the ones not playing by the rules.

[@pbworld7858]

Joe: I just dropped a heavy rock on my foot. Look at me. Aren't I clever?

[@Shenzhou.]

Joe probably isn't familiar with the original Chinese proverb 搬起石头砸自己的脚.

[@uniforce101]

I think dropped on the head. 😂

[@davidlazarus67]

“China is determined to dominate these industries.” I hate to tell him but they already dominate EV’s and solar panels. They also dominate in ultra expensive hand torn steel. Plus have a huge advantage when it comes to most semi conductors. Thanks to sanctions and tariffs the bulk of the profits will now be made in China and only China has the R&D capacity to advance without huge subsidies as per the USA Chips Act.

[@Cosmochill-il7pt]

1776: Freedom from England 2024: Freedom from Israel

[@JasbirSingh-zj1fg]

Yeah, sanctions suck. But then China probably has all of Chuck Norris's nephews and nieces working in thier factories hand tearing steel. We only have one and he's already 84.

[@mistamista5095]

@@Cosmochill-il7ptlol perpetual victims

[@snarlz]

Honestly I think more people in China want to be online influencers than engineers or inventors, especially the young... It's tragic really. I know some really wonderful young people from mainland China, but they are immigrants in the USA.

[@davidlazarus67]

@@snarlz That might be because those returning Chinese citizens are ill equipped for engineering roles having been taught in the USA. They might have seen lots of American influencers so be better prepared for such roles.

[@maxmustermann9587]

For me there is only one chance for US economy: Reduce military spending to a reasonable niveau.

[@bsg2472]

USA needs a lot of monies to pay their outstanding debts. Thus, somehow, USA needs to raise tax, which could be generated from importation of goods from China at the expense of USA citizens...

[@suichingyuen2100]

Farmers got hurt when China stopped buying produce from America and bought stuff from Brazil, Peru, etc. from the last tariff. They also stopped buying cars from America; even cars made in China from factories owned by Ford, Tesla, etc. The only people benefitting from tariffs are the shareholders who rather get cheap profits than try to improve the industry of America to be competitive for the 21st century.

[@ggttuuxx]

The ones who benefited from protectionism are the Politicians who put up a phoney show to impress stupid voters.

[@Shenzhou.]

China seeks win-win cooperation for *mutual gain,* whereas the US only sees a *zero sum game.*

[@rogerstarkey5390]

Well said. The comparison with "US vs Tesla" is startling....

[@snarlz]

China seems to seek a win-lose situation. Decades of intellectual property theft, unfair trade practices and wolf warrior diplomacy, spy balloons... And at what cost? The financial sector facing real estate implosion, Tofu Dregs, "shadow banks" and a tax system based on land sales... This is a maelstrom of their own making. They claim the West provokes them, but they are trying to claim a massive amount of territory belonging to other sovereign nations in the Southern Seas. China seeks hegemony not partnership, and the exodus of foreign capital, the factory closures happening everywhere, and the sanctions are a result.

[@blcsfo]

Solar panels in USA are double the price of what they were 10 to 12 years ago. Basically they are unaffordable for most American consumers.

[@MelissaHobbs-qm8wi]

Our economy is struggling with uncertainties, housing issues, foreclosures, global fluctuations, and the pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.

[@cwd5736]

The root cause was the white house are not good at problem solving and spent taxpayers money at the military instead of resident needs.

[@osmarc2]

I wish many more Western consumers could watch a testimony like this one, Cyrus. Great work!

[@donfarlan214]

AMERICAN people will become enlightened and elect great leaders , and will again have good lives.

[@CyrusJanssen]

Appreciate the support!

[@marinoint]

Why did the Chinese cars improve so much within a few years? Competition. China has significantly more car manufacturers than the US, resulting in better products and lower prices for the consumers. If you are an American who has never been to China, you really have to go visit, then you'll see just how far behind the US auto industry is. The US politicians and mostly puppets for the big corporations and they help them monopolized the market, forcing Americans to pay a premium for just about everything! That's why it's so hard to save money in the US. Many Americans can never retire, they'll work as a slave for the corporations until they are dead, disabled, or fired.

[@thulomanchay]

Americans will believe that those who went to China and returned like Marco Polo telling of the grandeur of China, are brainwashed by China secret police and are now Xi Jinping's puppet.

[@Shenzhou.]

Precisely. The same applies to smartphones. China has many smartphone companies like Huawei, Xiaomi, ZTE, Lenovo, Oppo, Vivo, etc, whereas the United States essentially only has one; Apple. The competition from smaller American firms in the industry have long been eliminated or bought over by the big monopolies.

[@gregwang8628]

Thanks to the beautiful American democracy and capitalism 😂

[@willeisinga2089]

Trump wants a Billion for election campaign for 110 Billion subsidies for Big Oil and Gas.

[@stevehayward1854]

It hasnt been in just a few years, the Chinese car market has been transitioning to EV's for many years, the American and German Legacy car industries has been showing them how to build quality cars, Mercedes, BMW and VW etc has been showing them how to build quality vehicles

[@ireneghannage7306]

What happened to healthy competition. Bullying the competition is short sighted

[@snarlz]

How else do you deal with a bad actor who steals IP, subsidises industry with tax money (instead of dealing with Tofu Dregs high rises and crumbling infrastructure, dams that fail and kill thousands) and engages in price dumping? In a "fair" trade environment tariffs are bad, China does not trade fairly and do not compete openly.

[@rogerstarkey5390]

You can only bully the competition when you're in the competition. . That's not currently the case.

[@cwd5736]

I guessed China tried to make even for what The Eight-Nation Alliance did to invade and stole all the artifacts from China Dynasty in 1900. 😂😂

[@snarlz]

@@cwd5736 Terrible, but as I understand it, at least from the USA artifacts taken illegally in the past are being returned whenever they are found. Last year the Met in NY found and returned $3.5 million in looted art just in the month of May to China -- I didn't dig, but there are likely more cases. (They stole and are now returning Art to Native American tribes as well man, things have been returned to Italy and Greece as well, these should never have been taken) -- It seems UK and Germany have been dragging their feet on returning things...but idk how those things are really linked?

[@jaredhotopp1976]

I said years ago America does not have a enough skilled laybors. We lack in education and factory 🏭 is sad

[@alrent2992]

Tariffs are never a good idea. The consumer pays more. Stifles competition. The u.s. can't accept China can make a better ev at a lower price. Go China 🇨🇳 👏

[@user-lc1nt7dj1y]

In fact USA cannot accept China do much better, what a clown.

[@jimechols4347]

And Americans already can't afford things now and price increases because of tariffs haven't even really begun yet.

[@E1Luch]

Tarrifs are a great idea if your developed country wants to keep its manufacturing base at home instead of outsourcing it to 3rd world for the sake of cheaper wages. The west deindustrialized over the last 50 years precisely because neoliberal goverments hated the idea of industrial policy and import controls and also despised having to deal with labor unions at home, so they promoted free trade.

[@1rrobb]

Expect tariffs against @Tesla, who needs a tank with bulletproof glass and heavy armor? Only criminals and men in menopauze! ...agree or not: even then u still can't swap your battery so the car depreciation remains applicable.

[@eugenec7130]

Tariffs are like the sand which the ostrich hides its head in when a hunter (competition) is approaching. Tariffs provide a temporary comfort, but ignoring competition will lead to a total destruction in the long term.

[@Murda2Wayz]

I work in the steel industry not only is this true but one of the largest steel mills in America is on the verge to be sold to a Japanese based company nippon steel.

[@5647014]

One country is moving up and on its way to become the world biggest economy and the other country is going downhill fast, to joint the ranks of 3rd world countries.

[@jimdigriz3436]

We don’t manufacture because of excessive regulation and environmental regulations. As long as the pollution is moved offshore, we ignore it.

[@NelsonNyairo]

😂😂

[@tellmemoreplease9231]

I remember during the Covid, it took China 2 weeks to build a hospital. We would not even organize the meetings to discuss all the regulations from ALL. the different government bodies that require this or that study, for weeks ....

[@musiqal333]

When you can't win in fair competition, just pull a Tonya Harding and try to prevent your competitor from competing in the first place. Class move, US. That's how the world knows you lost at the game.

[@siberiantiger3917]

Harding Biden it is! LOL!

[@musiqal333]

@@siberiantiger3917 exactly! 😂

[@tonyyong4441]

Save your own ppl. Your ppl and economy is suffering. Clean your house first.

[@BritishAnts]

Well said! It reminds me of the bully breaking up all his favourite toys rather than share them with his neighbours! USA are setting themselves back a few decades but the world will move forward and they will be reliant on wars for fuel, heating and transport long after people have left it in the ground!

[@user-ef4bk5yz1o]

I have a friend that works at a solar pedal company building total panels and they ship them all to China. They make them in US and they shipped to China.

[@terrywason]

Having traveled in at least 10 different EVs in China, I can say for sure, that China is miles ahead in EV technology

[@paulmcgreevy3011]

I can’t say for sure the most advanced EV is an American company called Tesla. It’s the only one that makes profit.

[@celanian8188]

It's telling that Japan and S Korea aren't putting up these massive tariffs on Chinese cars. That's because they have confidence that their domestic car companies can handle the competition and that this competition will make their domestic companies stronger. The US knows that their domestic car companies are crap and can't conceivably innovate their way past China. Hence the tariffs.

[@WONGKHAIHONGMoe]

Facts.

[@aliceyingshan2725]

US policy not only backfires on US and European countries but also impact negatively economies of Japan and South Korea

[@vinniehugo9065]

If China vehicles are truly as good as this video implies, South Korea and Japan are in trouble. No way their Toyota and/or Hyundai could compete with this. Unless they avoid the EV market altogether.

[@celanian8188]

@@vinniehugo9065 Chinese cars will certainly be disruptive of those markets, but the Japanese and S Korean car companies have a long tradition of high quality affordably priced vehicles and they don't shy away from the entry level low cost small passenger vehicles. They have time and capability to adapt and innovate and compete. American car companies have basically completely abandoned the low cost segment and almost completely focus on the SUV/pickup truck segment. There's no way they can adapt to this.

[@selman7585]

95% of all cars purchased in Japan and South Korea are locally made.

[@georgiosparaskeva8038]

I believe when Americans discover where the tariffs money goes will be more scared!

[@geopoliticalnutz7350]

They keep shooting themselves in the foot and hoping for a different result. China's like : Sit back, chill, a nice cup of tea... let's watch a comedy.

[@johnmiller0000]

The rest of the world laughs at US cars.

[@achimotto-vs2lb]

it is not the car but the after sale profit.

[@Ziegfried82]

So true. There are very few US made cars worth buying.

[@blcheah2672]

Most of the world doesn't buy US cars. When you are in a poor country that needs imported petrol paying with hard earned foreign exchange, people are very careful with mileage and cost of fuel. Luxuries like a Ford 4x4 pickup are out of the question. No businessman will even try importing these.

[@johnmiller0000]

@@blcheah2672 Most of the US doesn't buy US cars!

[@TomNook.]

Re: Tiktok, I've always said it's going to be hilarious the day a Chinese company advises Americans to use a VPN to use their platforms. How the turn tables.

[@SusiPangabean]

US lacks behind in manufacturing capability, just look at Apple how it failed to produce EV while Huawei, Xiaomi, Tencent, etc already produced many EVs in a short period of time

[@jeffereylew581]

This guys right the young generation don’t want to work in manufacturing they want high paying jobs looking at a computer screen all day in an air conditioned office drinking lattes. And now they don’t even want to go into the office! The work force has become too spoiled.

[@connorcruz6249]

So close yet so far, no .... We want to be paid enough to actually make a living, company doesn't want to pay enough then they're going to have to make accommodations because otherwise what is the point of working for them

[@ColdPotato]

No. Corporations want cheap slave labor, not having to pay for health insurance and benefits for US workers.

[@ernestoglesby5342]

All these tariffs are designed to make the EU more dependant on the USA, but the EU are finding out how to get around them. So it is America that is suffering more than any other country,

[@Jose-hs4vk]

The Tic Tok video forgot the most IMPORTANT piece of information the PRICE. Please make a video about the thousands of EVs that are in China in parking lots full of EVs that they have not been able to sell.

[@thetjt]

@@Jose-hs4vk That's how you gain market share... the rising of prices can come later.

[@DougDeYoung-gt4id]

That EV would be half a million if it was made here! Remember fancy suits and marble boardrooms don't buy themselves the consumer has to pay for them.

[@slobodanmatic4918]

You can't impose tariffs and sanctions on giants like China and Russia without experiencing negative repercussions yourself. This will lead to other developing countries becoming more attractive for business because they maintain regular trading relationships with both sides. Essentially, when you import anything from these countries, even products they produce independently, it will function as middleman trade. Additionally, you can't continue to pressure Europe and other regions into forced purchasing US products indefinitely.

[@georgeholmes96]

The younger kids growing up in the us don't want jobs where you really have to work there is no more manufacturing base in this country

[@Findyification]

europe also got screwed

[@thinkingtoomuch7974]

screwed worse for following the US like a sick puppy dog

[@basfinnis]

They screwed themselves which is interesting.

[@bartsimpson8616]

@@thinkingtoomuch7974 they always do that , same as they folowed hitler .

[@miroperinich2495]

What do you mean?

[@KayyHong]

Europe likes to be screwed by the U.S.

[@richardpeychers4076]

Remember when America lost the Americas cup to NewZealand and the tantrum the captain of the American yacht threw when interviewed, an attitude pervasive to American thinking called American exceptionalism.

[@kmanoj32]

"America lost the Americas cup to NewZealand and the tantrum the captain of the American yacht threw when interviewed" can you link to that interview?

[@ozeight4278]

They then also changed the rules about types of boats that qualify to enter the race.

[@ozeight4278]

I also remember in the 1960's when a NZ boxer beat the USA favorite in the USA, and the whole audience rioted, with the Ref and NZ boxer lucky to leave the stadium alive. Then there was the unofficial sanctions placed on NZ when they banned nuclear powered ships from entering the NZ waters cause they had no facilities to cope if there was a nuclear accident. Just sore losers.

[@letsgetreal-df7pu]

Ahh you mean Australia mate the Aussies took it sweet day that one!

[@ozeight4278]

@@letsgetreal-df7pu As the challenge used the original Deed of Gift as its basis, the design requirements specified only that she be a single masted yacht no more than 90 feet at the waterline. The San Diego Yacht Club and Dennis Conner's syndicate chose to respond with an assuredly faster multi-hull design. Conner enlisted the help of designers Morrelli, Chance & Hubbart & MacLane, and aircraft manufacturer Scaled Composites. Two Stars & Stripes cats were built, one with a conventional soft sail (Stars & Stripes S1), and the second with a wing mast (Stars & Stripes H3) built by Scaled Composites. The wing masted boat proved to have superior performance, and so was used in the defense. To no one's surprise, Stars & Stripes dominated its match races with KZ 1, the challenger from New Zealand. Following the race the New Zealand team sued and initially won the America's Cup trophy in a court case. The decision was reversed on appeal, and the San Diego Yacht Club retained the Cup.

[@jeffereylew581]

This goes back to Henry Kissinger, when he said we are no longer an industrial base society we will be an informational base society…that’s when we gave up everything! China opened its doors to the West with cheap labor and the Western countries walked right in.

[@rogerstarkey5390]

And China *improved* living standards while keeping wages and other costs below those of the US ("west") then recognised and invested in the *new* technology. . They've been doing this a LONG time (4,000+ years)

[@gauravchaudhary7720]

Most hippocrate country is the USA

[@liam3284]

They have some competition. The EU, Australia, China.

[@hotchihuahua1546]

Your comment is hypocritical ! 😁

[@Alvarezpl]

Hippocrate. Gold.

[@matsforsberg6287]

1,5 billion people verses 330 million....God Luck with your manufacturing USA

[@12313846]

Brics is China and Russia and India...... They are more than 3 billion people...... Have all the energy they need...... All the natural resources they need...... West did a checkmate on itself by sanctioning Russia and China.

[@KayyHong]

This and the work culture favors China

[@achimotto-vs2lb]

you can allways make chewing gum

[@mistamista5095]

They killed and sabotaged all their slaves. They cannot compete without using other races.

[@albertlowtengdak6511]

Just like I said before US needs a new system of governance!

[@rap3208]

A step towards that direction is banning private donations to politicians seeking election/reelection.

[@thulomanchay]

Whether its the Left hand or the Right hand the Head is the same.

[@bruceholtermann9646]

Like having a ban in government to no longer allow insider trading deals making politicians or their immediate family rich. Their compensation should be closely monitored and limited to actual salaries. Public service should be just that;not public enrichment. Follow the money and stop the crimes.

[@ronaldwilliamson7963]

I've often said that politicians are alien to the general public. They are too wealthy to have anything in common with the masses.

[@12313846]

And get rid of Cia..... Fbi..... Nsa...... Wef..... Who.

[@velcapitan]

The next 20+ years will be extremely humbling for US citizens.

[@edhom5148]

You speak the absolute TRUTH. Thank you for letting EVERYONE know

[@il-conte]

This is the result of decades of funneling all the profits to shareholders instead of reinvesting into the company. We got the richest billionaires of the world but no innovation. Higher quality is the only way to compete with cheaper countries, and we are losing on that front too

[@Ziegfried82]

Capitalism without restraint or direction leads to this fate. Somehow people in the USA decided that capitalism was some kind of religion, that it was capitalism that defeated the USSR. Out of control capitalism can be far more oppressive than communism for the worker.

[@KumChengLiew]

His decision against the interest of his own citizens.

[@tondematongo32]

US is like that boy who when losing takes the ball home so that no one else plays...but then the other boys make another ball and never need that boy's ball anymore

[@rare_wulf9358]

USA resorting to the Tanya Harding approach 😂

[@user-hi9tu9zh9j]

How PATHETIC is the US has become! very very very SAD indeed...

[@acw7120]

Sometimes you need a "Fred Dibnah" in to be "Demolition Man". Or Demolition Derby... Its all gone to dross then it needs a new image. They have to deduce WHOM they want to BE. I would suggest John C Dvorak for Casting Manager in the next production. He will raise the Gold Standard as this lot are very "below par".

[@Luming-di9rf]

Was there ever a time when the US wasn't pathetic?

[@billyclinton9150]

All by design not by accident

[@snarlz]

Still the greatest economy and military power on Earth. A net energy exporter with the best energy prices in the Western world. Cultural leader in movies, music and video production. We have a millennial youth and they actually do work. I mean I could go one but the rate at which people all over the globe come here for freedom and opportunity kind of says it's the greatest...

[@princepaddy4095]

@@snarlzpropaganda

[@kennytan105]

US is the world number 1 in printing.... US dollar

[@Wbliss]

Right on , there’s No over capacity in printing US dollars. !

[@kenanishmael3328]

The US could take Win to Win policy instead of organizing sanctions. It is very risky for the US to take such steps , i agree with you.

[@ytSuns26]

The real question is how much of that increase goes into The Big Guys pocket? You know if the big guy doesn’t get a cut nothing happens.

[@Tablahands]

The US foreign policy sounds like how my wife treats me.

[@xanderpiz8770]

She taxes you additional fees for "importing goods into her country" or "slaps you with I proven human rights abuses."?

[@nickgee388]

😂

[@LeniKikoTalunan]

So are we Filipinos. We were held hostage by Americans.

[@ggttuuxx]

You should be happy at least your wife is better looking than Biden.

[@SalmanTravelDiaries]

this is called hypocrisy

[@jimmygoh8618]

The not so smart congress thinks they are still kings of the world... Raise tariffs, sanctions... Good.. Stay behind😂😂😂

[@razmiihsan8897]

That car really impressive. I'm gonna learn Mandarin.

[@atky7032]

Unfortunately US do not have the foresight. When one lacks foresight, one loses. It does not have to be this way. If the US can forgo becoming the dominant power, it will continue to improve as a country. Letting go is winning. Winning is not exactly being a number 1, it is about becoming better. Becoming better is more important than being the dominant power. Unfortunately, they just cannot see this point.

[@Ziegfried82]

Letting go is never winning it is accepting death. I fully understand why my government is behaving (well, misbehaving) the way it is. Remember: the US dollar is currently the world reserve currency and the USA has been abusing the entire world with this system. If the US stops being the dominant power and China takes the top why the heck wouldn't China's currency, or a new BRICs currency be used in a global trade system? The USA will decline so quickly, so steeply it will make the fall of the USSR look pretty.

[@acw7120]

The sinking of the US is due to its believing in NOTHING. A form of a niellist. It never decided what it wanted to "BE". The "creepy uncle Sam" gig no longer works as he is just a "creepy old man" that goes out to do harm. "The Nothing". Never Ending Story. They need a new "image" and need to clean up their "HEAD". Victoria Nulan, Janet Yellen and Carmela Harris are NOT exactly "Helen of Troy". And if they ARE....well. There in lies the problem... And back in the day, Cheryl Teigs" used to be the "gold standard".

[@atky7032]

@@Ziegfried82 The problem with you guys is you have always assumed that the next dominant power will behave like you guys. This is why your government is so full of insecurity. The US has not understood that China has been getting better just by improving themselves and lifting everyone out of poverty, not just through competition. Everyone deserves to lead a better life. The world is also becoming multi-polar. Letting go does not mean US losing and China winning, it just means WIN-WIN. China will get better, but the US will also get better. This is better for the world. The more the US fights, the more it is aligned to the path of losing.

[@atky7032]

@@Ziegfried82 The problem with the US is they have always assumed that every other dominant power will behave like them. The world is becoming multi-polar. Not having one dominant power means everyone wins. When China becomes better together with US, the world becomes better. This is something the US will never realise. The more they fight, the more they are on the path of losing. Losing is not good for the US and for the world.

[@pbworld7858]

That EV! What a U-turn!

[@prestonyoung3807]

Agreed. I don't see Western EVs do that

[@ronanderson5935]

The 2 real reasons US doesn't manufacure: Cost of labor and taxes. It's that simple. I was part of a team at HP that moved manufacturing out of the US. I hated seeing these jobs go. But to compete, we had to get away from high minimum wages and high tax rates in the US.

[@tellmemoreplease9231]

Right... Ross Perot warned us what was going to happen if we start signing those "so called" free trade agreements. Off shoring your industry, jobs, profits and the taxes those things used to pay HERE. Now we are $35 Trillion in debt propping up a hollowed out economy.

[@jorgedepaz5750]

EV FOR POOR COUNTRIES AND POLLUTION CARS FOR THE BIG COUNTRIES, JAJAJA

[@jaaklucas1329]

Thats what it looks like!

[@trekpac2]

Just allowing China to make vehicles in the US wouldn’t work. Better to just let local manufacturers have a hay day until that system collapses. It can’t go on forever that Americans pay 2x or 3x as much for vehicles than the rest of the world. Perhaps more Americans will have to pull the plug and move to countries that are much more livable like Guatemala, Panama and Cuba.

[@michaelthomas3543]

This is what happens when you are too old to lead!

[@tonyburzio4107]

The tariffs are about the war coming up, not about the economy.

[@user-ts5we1dd1m]

The world is moving away from America.

[@kennys4100]

US car makers: 500 HP AWD with differential lock, 2.5s 0-60, only $80K Meanwhile, car makers in China: full voice and gesture control, 16-speaker Dolby system, standard HUD, massaging seats, backrow entertainment systems plus karaoke, for $30K.

[@Basie-o]

Comparisons should be on a one to one basis. 500 HP engine to an audio system is not a valid comparison.

[@kennys4100]

@@Basie-o that’s the whole point: why would we need 500 hp when we drive up to 80mph every day and only tow a few times a year? US car makers have built their entire marketing strategy around performance. They made sure performance is the only thing customers think about.

[@user-dw4qn3zc3m]

The United States is isolating itself from the rest of the world by imposing tariffs on all Chinese products because the rest of the world will be full of Chinese cheap and good-quality products except the US. The high cost of not-that-good products in the US will affect the overall economic development of the country. This could lead to the US lagging behind the development of the rest of the world.

[@OmarOsman98]

You really don’t understand what’s going on

[@czhusky]

There is always Tesla... Manufacturers in the US lived in denial for the last 12 years, they refused to see and invest in new tech, now is the time of reckoning.

[@jackmorganfiftyfive]

​@@czhusky Yes please, can we be 'left behind' with our ICE vehicles? You know, the ones that refuel in a few minutes and go the distance regardless of the weather. The ones with cheap repair bills and that are 98% recycled. Yes, please leave us behind!

[@shamrock73]

He'll be gone in 6 months don't worry.

[@czhusky]

@@jackmorganfiftyfive Google byd shark and BYD song plus, these are already in Mexico, factories are already being built there so they can be imported to the US. They are not EVs.

[@scoutjohnson1803]

The USA became rich because of protectionism, which was brought about by Alexander Hamilton. Government assistance to industry is essential for development. The trouble with capitalist in the USA is that they can make more money manufacturing elsewhere. No loyalty to your own country.

[@mannydavidcastillo1109]

We are a bunch of clowns indeed

[@JoseGarcia-ne1ip]

The actions of the United States government reminds me of this quote. When asked on his thoughts about the government Sam Giancana, former Chicago mob boss, responded, “The government and us are cut from the same cloth.”

[@grandwonder5858]

Hahaha’ isn’t that the truth! Did you know the CIA and the mafia used to do assassinations and other crimes together? They are probably still doing them now, but people aren’t allowed to report it anymore because of the censorship that is blocking people from being heard in the US media!

[@franzMong]

Hi, Cyruss, here it is : 1. Rules for me, but not for thee , 2. Do what I say, not what I do, 3.只准州官放火， 不准百姓点灯 （Only allow high officials to set a big fire, but forbid average citizens to ignite a lantern ).😁😁😁😁

[@elfaridovic6721]

“Biden can’t remember saying this” I fear that is literally true! Who the heck makes US politics?

[@jjwallace38]

The US didn't land anyone on the moon.And that is for sure

[@filipeareias3265]

Yes, and the Soviet Union, which liked the Americans so much, agreed. every idiot that appears

[@invisible-zt8xh]

US stole Reich technology and used their astrophysicists, scientists. Werner Von Braun wasn't American !!!!😂

[@baneverything5580]

Multiple orbiters from multiple countries took pictures of the landing sites proving otherwise. These orbiters also confirmed the reality of the Apollo pictures and film. But it requires intelligence to grasp reality.

[@josue_kay]

​@@baneverything5580 multiple orbiters from multiple countries? Name them.

[@baneverything5580]

@@josue_kay Japan, America, China, Russia, Germany, India etc.

[@peacefulparadise2011]

“Tonya” is the best example to describe US. Government Policies towards China.

[@alanc457]

Gangster mentally. Tonya’s mistake was to get found out. No doubt she would’ve been celebrated as a great champion if her plan worked. Then she would’ve gone around preaching to kids about how hard work etc will lead to success

[@czhusky]

Companies in the 90's Hey I have an idea, let's outsource all our production to China!!! what could possibly go wrong???

[@jasondong9721]

You should compete on what you specialize in!

[@Pgprince86]

Greed is Self destructive.

[@egonieser]

Instead of doing the sensible thing and collaborating with China, like Russia does which benefits both sides - they do the exact opposite that only hurts the states. When you collaborate, both parties benefit. USA could provide raw materials (which is what Russia does in their treaty) and china refines and manufactures. In result you get better deals, cheaper goods and both sides win, consumers win. But no, it's all political posturing...

[@psymantronic1528]

Sadly it's not just political posturing - the war in Ukraine is designed to weaken Russia and by association China. Hundreds of thousands of people have died Russia has become more reliant on China and America is having to pump billions of dollars of American tax payers money into Ukraine. Imagine what could have been achieved if instead of funding a disastrous war in another country that money had been spent in America upgrading it's infrastructure.