Treasury Secretary Janet Yellen: Won’t rule out possible tariffs on China’s green exports

Рет қаралды 7,544

Ай бұрын

Treasury Secretary Janet Yellen joins CNBC's Sara Eisen from China to discuss potential tariffs on China's green energy exports, creating a level playing in the green technology space, China's EV trade, and more.

Пікірлер: 149

@buravan1512 Ай бұрын

*in other WORDS, CHINESE EV's are not a threat to our National security, as previously claimed, the Problem is: we just can't compete with them...😂*

@Jacktan9203 Ай бұрын

Do American consumers like to pay for expensive things? What's wrong if China is able to help consumers in the US by bringing prices down if it is not a national security threat?? 😅

@buravan1512 Ай бұрын

@@Jacktan9203 Myself I don't understand why affordable EV's are a problem 😂 but 120k Electric Trucks are favored.

@caresword Ай бұрын

@@buravan1512 Well then how would poor Elon musk and hes cabal friends be able to make another 100B from selling overpriced ev's....and worst of all who would pay her the bribe money 😢 poor yellen

@jerrygereden Ай бұрын

How dare China let ordinary people afford to buy things 😂 in the inflation economy? Really lady?

@jaclrossrick6327 Ай бұрын

Usa government wants you to stay poor while they send all your tax dollars tax dollars to ukraine and israel. Clown country

@ozziepride1973 29 күн бұрын

Jew... expect no less from them

@ChicagoMike85 28 күн бұрын

@@ozziepride1973 this. This IS the reason, and people still don’t get it! 85% of Biden’s admin is all those ppl. They OWN this country.

@arigatoSev7en Ай бұрын

China is the future whether anyone, including me likes it or not 😂

@fatonaoladimeji9697 Ай бұрын

What is wrong with excess supply? That would reduce prices for consumers. How is that not a good thing?

@Jacktan9203 Ай бұрын

Corporate greed. Why should tesla continue to grow to a trillion dollar company? No other chinese companies come close 😅😅

@Piece0fsand 26 күн бұрын

The problem is that China is cutting into their piece of pie, and they can't compete.

@jaytan915 Ай бұрын

Did she just say that we would like to sell expensive stuff to our citizens over time?

@ignatiuschua5268 Ай бұрын

Overcapacity? That meant the goods will be cheaper and that counters inflation.

@buravan1512 Ай бұрын

*it's like throwing LEBRON and K.D, GIANNIS out of the NBA, due to their production overcapacity for their Teams !!!... they have to underperform to make other Players comfortable.* *Punishment for being an OVERACHIEVER, wow.. this is new.*

@VL-inquisitor Ай бұрын

When it comes to advancing the Global Warming agenda, a student is complaining that the best student is doing too good. He also lobbies other students to boycott the best student.

@btroy3768 Ай бұрын

What’s wrong with the cheap products when we can save money? Why not? The importers and the retailers needs to make huge profit to feed the employees in order to raise the salary😂

@annan7728 Ай бұрын

It not about your life but about their money. They can't get the money more enough and long enough from cheap products.

@William1866 Ай бұрын

Her oil price cap failed. Her global corporate tax rate failed. Here we go again.

@annan7728 Ай бұрын

Failed or just an empty trike?

@luqmanbello2343 Ай бұрын

Overcapacity is the new narrative. I love these guys. Chinese are learning new words virtually on every US visit😂

@llkk290 Ай бұрын

US: China has overcapacity China: We will produce more

@yyan6501 Ай бұрын

Overcapacity is not new narrative. If you ask people working in companies across the EV supply chain in China from the upstream lithium minerals to the downstream batteries, they are well aware of this problem as well. They have overestimated the global demand and expanded too aggressively in the past. If you look at the earnings of the 2 biggest lithium minerals companies in China, Ganfeng and Tianqi, their earnings for last year were a disaster because of price drops of lithium.

@luqmanbello2343 Ай бұрын

@@yyan6501 can you provide a link to your claims? Thank you

@yyan6501 Ай бұрын

@@luqmanbello2343 search Ganfeng and Tianqi earnings and the lithium price last year

@Ladusingh-me3xi Ай бұрын

They're not new words, but illogical things that don't need to be heard.....

@NiteshKumar-ue1yp Ай бұрын

US is subsidising chip factories is that not against the rules?

@user-nm9su3ll7t 29 күн бұрын

In China, if someone shamelessly visits another's home and threatens the host, this behavior is not just considered rude, but downright insane!

@grandmiserthe3rd434 Ай бұрын

Tell them 10% for the " Big Guy " .........Joe tells Janet ......!!!

@blokin5039 Ай бұрын

Europe and America are now losing the technology race in automobiles and that really hurts, doesn't it.

@user-sh5yr6qp1b Ай бұрын

now i have to listen to these two all day....actually i have to mute as soon as i see her face.

@merovingian688 Ай бұрын

If Trump’s tariffs haven’t stopped China, what makes you think reapplying them will? China like Russia knows the US playback on tariffs and sanctions. Russia is suppose to be in ruins. Instead their economy is doing very well and about to take Ukraine.

@yyan6501 Ай бұрын

Their economy is not doing well lol. Their number as well as Ukraine on economy is fake as hell.

@freebusy3512 Ай бұрын

The hostress "do we have subsidiary too?""yes, we want to keep US companies in the business". Wait, is that socialism? And why China can't if they have the same purpose?

@ishiiflix Ай бұрын

Well.. at the moment, I am buying the cheapest item so the US better get with it and subsudize more things. That is part of the game

@madkrixna Ай бұрын

Like Yellen has any Pull. No China, no U.s.a., we sold out years ago. This is what unchecked corporatism leads to. Also pretty sure China owns a very large percentage of u.s. debt. This is smoke and mirrors.

@Ladusingh-me3xi Ай бұрын

China doesn't need to listen to what beggars say

@MrOnlyUnique Ай бұрын

Can we stop converting prices to usd and call it cheap? Let's say xiaomi su7 is 200,000rmb its not cheap to the locals. Assuming a uni grad earns 5000 rmb a month. They need affordable cars. And yes it's cheap if convert these figures to Usd and accuse them for pushing prices down

@travisfubu9053 Ай бұрын

The Us does not care about local Chinese consumer if it is too cheap for their EVs it means slashing down American EV prices and that is not what the CEOs want

@user-zd1wz7mn5s Ай бұрын

Chinese officials aren’t the ones begging…more tariffs means higher prices to pay for US customers…meaning tariff = tax…

@wayangpok Ай бұрын

Just raise more tariffs. That's what the US is good at and has been doing. China can continue producing and selling to anyone who wants to buy.

@user-tr5vs9gm4r 26 күн бұрын

I want to buy a solar panel, but they are not cheap enough

@kenyup7936 Ай бұрын

So far our carsmakers don’t have any plans to your country, you could fact check that, who needs a market suddenly add tariffs to 60-100% , even crackdown globally right 😢 no way

@kelvinfok Ай бұрын

Didn’t the US Govt bail out the investment banks during 08 crisis?

@gj8550 Ай бұрын

1:53 As Yellen was complaining about China 'Subsidizing their firms heavily, Raymond announced a $6.6B TSMC grant. US government also offered a $5,000 rebate to Tesla purchasers. If subsidies are good for the goose, why isn't it for the gander? The notion that Chinese government is heavily subsidizing EV manufacturers so they can sell them at a loss is ridiculous and makes no business sense. China can manufacture EVs at a much lower cost because of automation, lower labour costs and optimized supply chains. Whereas, American car plants are labour intensive, their Chinese counterparts use robots and AI extensively. Their operating costs are further reduced as a result of cheaper labour and vertically integrated their supply chains. Major EV companies also own battery manufacturers. Cars manufactured by Tesla in China are able to compete head to head with others in China.

@wayangpok Ай бұрын

how many CHinese EVs are now on US roads?

@tasreasfatemsa8266 Ай бұрын

The main purpose of this visit is to taste real Chinese food,paid by US taxpayers money. Nothing else can be achieved.

@SalahDambo-gb6cs 24 күн бұрын

Respect to this mother

@tupperlake100 18 күн бұрын

Tariffs can be placed by any country. Maybe what happened in the chip industry to happen in when tariff wars start. Check Japans response to China's ban of Japanese sea food as a result of Japan's release of radioactive seawater. With its large population, China is an attractive market.

@2olvets443 Ай бұрын

No we don’t “need” EVs!

@NewDimensionHQ-tv5kw Ай бұрын

Our peak era is gone, with 401(k)s failing in the recession. My $750K retirement portfolio shrinks with inflation. I fear leaders repeat history's mistakes. If rising costs worry your retirement, I empathize. Foreign policies, regulations, and energy policies are chaotic.

@JennaHerberholz Ай бұрын

For retirees and those nearing retirement, it's especially tough. Years of hard work lost to a problem beyond your control-I sympathize with all facing retirement now.

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@willeisinga2089 29 күн бұрын

China must Sanction EV Car Export to the US.😂❤

@JamesVejit 21 күн бұрын

Evil 👿 witch Yelled

@jansenyong4307 Ай бұрын

Yellon :Romando, the tools box is almost empty liao🙄

@Andreeissocool Ай бұрын

Oh Janet how easy it is to see through you

@kimscott8176 Ай бұрын

Hall&Oates “ Shake it up is all that we know Using the bodies up as we go I'm waking up to fantasy The shades all around aren't the colors we used to see Broken ice still melts in the sun And times that are broken can often be one again We're soul alone And soul really matters to me Take a look around You're out of touch I'm out of time.

@ReRiderChi Ай бұрын

what in the world do we have this old, senior citizen woman trying to negotiate international trade deals for for us. ludicrous

@whatyousaid1375 Ай бұрын

US can impose tariffs to make American spend extra more to feed US corporates. The remaining world welcome low price & good quality products. 😂😂😂

@johnwoo1577 Ай бұрын

The key point is the chinese government subsidize all those overcapacity, that means the real USD/RMB rate is close to 20

@llkk290 Ай бұрын

US: China has overcapacity China: We will produce more

@tuber6382 Ай бұрын

The US also subsidizes its own industries. Maybe the US should subsidize more with increased taxes to give to large corporations

@Toby-oq8cg Ай бұрын

I don’t know about you but I want cheap EV. Cheap EV from china forces poorly run companies like GM to make cheaper cars. Of courses the Big 3 know that if they fail the taxpayers will be there to bail them out

@chengavitch10 Ай бұрын

I thought Yellen taught free market economy at Harvard before.......??

@louisechew3277 26 күн бұрын

Any tarrifs imposedvwill resultvin repercussons kc

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@jimstools3937 Ай бұрын

Why Is This 86 Year Old In China At All. Unless They Would Be Interested In Portland Cement For Their Buildings. Ooh 15% For The Big Guy.

@Jerry-ii2yp Ай бұрын

Every country subsidizes the industry they think it is important to them just like the United States subsidizes chip sector, agricultural sector, automakers etc. So what is your problem with Chinese subsidies? 😅 Double standard?

@ToxicFarm Ай бұрын

Says the old cowgirl...

@user-pr8uj4hp5h 18 күн бұрын

美國2024年政府預算6.9兆美元，卻在今年不到半年就要發行接近7.5兆美元公債，這顯示美國有依靠發行公債度日的傾向，況公債年息都4.5%以上，將來光利息負擔是非常可觀，而學者預估今年美國公債利息將超過一兆美元，這也顯是美國財政紀律很散漫**

@Jeff-sm8of 29 күн бұрын

At such low prices the whole world can buy. Ignore the yankee market. Let yankee auto companies price gourge the yankees.

@RichardKing-sx6xc Ай бұрын

This is rich 😆😅🤣😂

@lachen7 11 күн бұрын

"De-risking, decoupling, freindshoring....." etc. etc. Now "overcapacity". The US has an overcapacity to coin new words in its smear and propaganda campaign against China. The US has an overcapacity to stir trouble across the world and to produce hot gas. Not to speak about it's overcapacity in military bases and printing dollars. Capacity is always and only a supply-demand issue. If any "overcapacity" by a factory or industry in China, it means it's demand has gone down and it will face financial loss, bankruptcy and finally closure. How and why is this a US problem? Yellen is clearly on the wrong end of the stick.

@luckyone7878 Ай бұрын

Are our industries inchina now ? Also green energy is total BS .

@ktchong5800 Ай бұрын

It may be a BS in the US, but it's already a reality in China. Go to Beijing, Shanghai or Shenzhen, you really can't see any gas car on the street. Everyone drives an EV, and it's EV everywhere. Gas cars are going extinct in China.

@djego4687 Ай бұрын

🥱

@zztissue8159 Ай бұрын

The US is getting desperate 😂

@usagoodman123 25 күн бұрын

Why not?

@JukeWoo9263 28 күн бұрын

Prof. Yellen, please rewrite your economics textbook based on your current research 😂, especially on overcapacity of products not seen in the U.S. market.