Under pressure from Washington, Mexico shuts out BYD and other Chinese carmakers

Mexico announced that they would suspend talks with BYD, over the Chinese automaker's plans to establish a large factory in Mexico, for production of vehicles to the North American market. Mexico also announced that they would not be meeting further with other Chinese carmakers.
Sources say that US trade officials began exerting pressure on Mexico beginning in September of last year, and in January Mexico terminated negotiations with the Chinese automaker over fears that the US would punish Mexico when the North American trade agreement comes up for renewal in 2026.
Resources and links:
Mexico, facing US pressure, will halt incentives to China's carmakers
www.reuters.com/business/auto...
BYD confirms Mexico factory plan
www.asiafinancial.com/chinas-...
One of Tesla's biggest rivals may be setting up shop it its own back yard
www.thestreet.com/electric-ve...
Mexican government closes US market's back door
www.thestreet.com/automotive/...

[@agordon333]

The U.S. has the power to shut down business ventures that would be beneficial to the Mexican citizens but no power to stop the flow of illegal drugs into the U.S. Let that sink in.

[@lastnamefirstname2390]

Because one hurts poor people and the other hurts rich people. So it's easy to see which one they are ok with.

[@trekpac2]

Shutting down the flow of drugs into the US is impossible if half the people are buying drugs. It is like trying to get themto stop eating.

[@Go4Broke247]

Americans loves dope.

[@agordon333]

@@trekpac2I should have phrased my comment better. My issue is the lack of pressure from the U.S. government and the lack of cooperation from the Mexican government. Law enforcement and Border Patrol can only do so much. I agree, US appetite for drugs is insatiable.

[@firetjue4099]

Isn't it well documented that the us government has been involved in the drug trade?​ @@agordon333

[@longcimb]

China should just set up a plant in Nicaragua and export to the Carribean area. Set another in Brazil and export to Latin South. And another in Egypt and South Africa for African markets. Forget about the US and Canada Market. We are moving towards a multipolar world

[@jych-db5iy]

that's happening, already

[@BeijingBuzzz-China-Travel]

The US will end up like Cuba, driving vintage cars ; )

[@fredfrond6148]

Byd is committing everything it makes to Brazil. The Brazilians said you can manufacture here if you build everything. Byd said fine we are 100% vertically integrated let’s do it from semiconductor chips to blade batteries. Of course the cia is working hard to overthrow Lula but we will see.

[@dzonikg]

China should ban all USA cars in China

[@Chinese-qq3ep]

There's already a chinese EV car plant in Brazil.

[@frankm6218]

Meanwhile America calls itself “ free market economy “😅. Not a surprise anyways, America has gone crazy.

[@Batucadax]

They did? When?

[@MetaView7]

Desperate times call for desperate measures. Go take a look at the videos of BYD and Xiaomi factories, they are building cars with robots. There are hardly any humans in their factories. The future is here, and they have to make a pushback. We all know the resistance is futile, but they have to make an effort, at least for a few more moments. But the door/gate will swing wide open. History will march on. There is no turning back.

[@flyrodmike]

@@Batucadax Forever. Pay attention.

[@dzonikg]

They always been

[@georgejesson1944]

Desperate acts of a declining empire.

[@francojustthat156]

Americans playing dirty..when losing

[@tag4789]

We deliberately contribute to the lack of development of nations and then complain when their citizens want to escape to our country. Cause and effect.

[@francojustthat156]

@@tag4789 your country reputation in recent years is not really looking good... geopolitical trend wise...

[@kibakobo]

O Pleaseeeweee When was the last time American played fair and square !!!!!

[@icu17siberia]

Mexicans have a choice. Obviously, the chinese only care about access to US markets. We should all have choices.

[@robertstan298]

They played dirty since way before too tho. That's how the US and it's predecessor European hegemonies got to amass so much power and control over the world to begin with.

[@jordandexter7927]

Just sad, Mexico just lost its sovereignty to the threats from the world's gangster 😢

[@tancsun]

Mexico is luckier ; the canadians were shafted big time.

[@Blinky.Catttt]

When did Mexico ever had any? They're part of NAFTA, relies on US for huge amounts of trade and employment opportunities for their citizens, has weak military and giant shared borders. Canada is the same, although Canada doesn't even pretend to want sovereignty. In geopolitics, the US always had them by the balls, and now the US isn't pretending anymore either.

[@ahliong]

Mexican politicians value their life too. 😂😂😂

[@billyehh]

@@tancsun Canada had to make concessions under the new NAFTA agreement, but are still in an excellent position to do well. You have to remember, " countries do not have friends, only interests".

[@trekpac2]

I think so, too. And there is no way the US would let Mexico join BRICS.

[@daniellee8720]

America growing desperate and resorting to threats. How much can the world take before America ends up isolated and all alone

[@ramonching7772]

Before I used to believe the US can sustain itself because it is a big country. After watching this video, I now realized buikding such a huge supply chain will also be daunting for the US. All these protectionist measures will not end well for the US.

[@liamporter1137]

US moral standing and reputation are gone.

[@kibakobo]

When did they have any?😂😂😂

[@ronaldlee4067]

When has the US got moral reputation?

[@yndiiatecow2536]

Moral towards animals😂😂😂😂

[@ronaldlee4067]

US playing god for too long. But none has resemblance of morality.

[@sammygit9486]

Can't be gone when it was a total moral fraud from the very beginning

[@seabedsand]

In the end, the United States built a wall for itself

[@cb250nighthawk3]

Last time it was the Great Wall of China. Now it's the Stone Wall of America. 🗿

[@lindenlee3705]

At least China now has a physical wall as a cultural heritage, us now built an invisible wall and eventually nothing will be there

[@seabedsand]

@@lindenlee3705 Cultural heritage is not a wall, everyone can understand and touch

[@brockabaddy985]

The US is in danger of being left alone and ignored by the rest of the world if it continues to play dirty like this. And she has only herself to blame for this.

[@unglaubichuberlieber8048]

true...and the most magnificent+BIGGEST penitentiary IN HISTORY..., this is from a friend of mine, he wanted to give up his american citizenship... america want him to PAY 3XIT TAX: 37000$US...so want to exit from this wall... 37000...

[@ivanho7268]

As previous Mexico leader had said, Living next door to a monster can be nightmare every day.

[@PVLTD]

US’s “Fair competition and open market” only applied to countries outside of the America. If you plan to sell your products in the US market, your company must lay low and remain weak in the US. Once your company showing signs of success, your company will become a national security threat to the US. Hence, your company will be banned or forced to sell it to the Americans. In addition, your company may face sanctions after sanctions not only from the US, but also from US’s allies even after you have pulled out of the US market. BYD and many successful Chinese companies out there, you all don’t have to put your own country in a difficult position to deal with these warmongering US politicians, the world is big enough for your affordable products. Just forget about the US market, you will never be treated fairly in the US. Whatever you have heard about “Fair competition and Open Market” initiatives from the US, it’s designed for the Western countries to enter the foreign markets freely and not the other way round. Basically, it’s just BS, cause the US already lost, and she couldn’t handle competition anymore and she is too chicken to compete in world stage now.

[@pNHGpNHG]

Thanks So Much for your Awesome Wisdom, ... sadly the SuPeR--( CoWaRD + Weak ) Xi JinPing stubbornly refuses to accept this fact, because of his silly Iowa experience.

[@yaoliang1580]

​@@pNHGpNHGthe empty vassals are enjoying their own silly nonsense

[@freelancer1499]

"Once your company showing signs of success, your company will become a national security threat to the US. Hence, your company will be banned or forced to sell it to the Americans. ". Hi can u share some examples apart from Tiktok?

[@ez3422]

@@freelancer1499a lot of examples like Alston and Toshiba.

[@turcoboshnak]

@@freelancer1499 Huawei's 5G technology

[@georgejesson1944]

Can't compete, ban them.

[@williamwongkimping3998]

🤣🤣🤣What a shame..... AMURDERCA 🤣🤣🤣

[@spasman78]

And continue offering your taxpayers lower quality goods at higher prices under the premise of those being manufactured locally? And of course, more tax money to be collected from their victims. What happened to the land of the free?

[@georgejesson1944]

@@spasman78 It was always fake

[@pupdoggify]

Rejection is the door to another opportunity. In terms of US, we’re headed towards our own collapse and our politicians are simply expediting it.

[@topsuperseven7910]

Opportunity to do what? Flood Pakistan with money-losing cars hoping to destroy their domestic brands and then, having a monopoly, jack the prices of Chinese EVs for the big payoff??

[@yaoliang1580]

US and other western countries hi tech products has dominated the world for centuries and benifited massively from this, so they will do whatever it takes to prevent competition

[@kaili1621]

Politicians, smoking marijuana can help relieve your anxiety and it’s already legal.🎉🎉🎉

[@dzonikg]

SO Mexico is not independent country but US colony, like half off the world

[@willengel2458]

Canada and Mexico's biggest trading 80% or more is with the empire.

[@Dr.Kay_R]

Not half of the world. Only Europe, Australia, South korea, Japan and philipines. And Europe is VERY small in size. Mercator map makes it look big.

[@frankm6218]

Don’t forget my Canada. Under Trudeau, Canada is just a lapdog of USA.

[@rcrinsea]

@@Dr.Kay_R- All the rich countries.

[@jayobannon5359]

Actually, probably a de facto israeli colony since aipac runs the congress

[@mijmijrm]

US Government officials seem to have been heavily influenced by the Godfather movies in their youth.

[@Nat_Ryder]

Mexico Uncle Sam is making you an offer you cannot refuse.

[@peanut0brain]

​@@Nat_Ryderan offer at gun point?

[@Dordord]

Yeah, the JFK ‘accident' says a lot😂

[@kibakobo]

just commented the same thing , 😂😂😂

[@UlyaGaniya]

I'm sickened by 'Tonya Harding' mentality across the board in the US. No more fair competition with innovation, just sanctions and misinformations.

[@namelesswarrior4760]

Very disappointing news from Mexico!

[@verypleasantguy]

Burritos can never stay strong.

[@bubuneowoo6161]

Relax. China will kick out Tesla and GM soon.

[@lance8080]

Buy American 🇺🇸

[@yurichtube1162]

​@@lance8080 Made with Chinese parts.

[@turtlesoup8134]

@@bubuneowoo6161 The gov won't but the other Chinese company will.

[@albertwang5974]

Mexico doesn't have a gut to reject any order from the U.S.!

[@melovinde]

51st state looks like. A colony more like.

[@dzonikg]

They dong have a gut to even fight cartels and criminals in their US puppet country

[@ExternalInputs]

Does anyone have the guts? Certainly not Europe, Australia etc.

[@first-gordonchang9510]

So are the Canadian no gut no ball got them cut off by Washington's Warpigs.😅😂

[@willengel2458]

the empire acquired a bit of real estate from Spain (Florida) , a bit from from France (Louisiana), Alaska from the Soviet Union, stole Hawaii, a big chunk of it from Mexico with muscle. what Mexico lack is not guts, but economic and military muscle.

[@cabasadefogo9533]

Doesn't surprise me at all!

[@benkenobi292]

And that’s why we need to move to a multi polar world soon.

[@ralphkong7492]

There are around 194 countries in the world. But really independent ones are no more than 5. That is because of the so called Rules-based order from you know whom.

[@peanut0brain]

I think it's more than 5. In eu we got Serbia Hungary Belarus etc defying nato/eu orders

[@Blinky.Catttt]

​@@peanut0brain they're only able to do so by leveraging the differences in goals between Russia and NATO. They would have no room to maneuver if Russia didn't exist... So alas, that would not count as "really independent"

[@dzonikg]

As someone from Serbia is hard when you are surrounded by NATO puppet states

[@topsuperseven7910]

Yes, it's why China can eat food. If not, Japanese and Russians would be seizing Chinese shipping tankers every time they try to come or go. Funnily enough, no other country benefits more from that Rules-Based Order the US enforces than Mainland China. Say 'xie xie' the next time you see an American Navy ship passing by.

[@trekpac2]

I'd say that many of the countries in the Global South no longer just cater to the US. That is a lot of countries.

[@babahanuman83]

Russia should accept usa nukes in Ukraine, but usa does not accept chinese car factories in Mexico 😅

[@marygem]

Oh, so give aggressors in a war a credible voice? NOT

[@hclau218]

​@@marygemUS invade Iraq and killed 1 million Iraqis No aggression there. US invaded Libya, Syria, Afghanistan and killed about 1.5 million people in those invasions No aggression there. Can you please reset your twisted brain. (if you have one)

[@absolutium]

​@@marygemHe isn't giving voice to the agressor the US needs to stfu since hypocrisy is not democracy.

[@keirenle]

It s the pivotal moment for Mexico to the world stage. It would define the country and its place to the world. Let's wait and see how they see themselves

[@akirathedog777]

Yeah quit the bullshit, were not bowing down to Chinese factories just because you people hate your own country. Insane.

[@hotlemongingerhoney]

USA keeps car prices as high as possible 😂

[@jacquelinemorgan2086]

Unaffordable for the ordinary user

[@laichuonkui69]

So it suck it's ordinary poor citizen. This will help rich big Cooperate.

[@MarceloReis1]

Henry Kissinger once said, "To be an enemy of the US is dangerous, but to be a friend is fatal"

[@Ffsdevgj]

But not to Israel

[@MarceloReis1]

@@Ffsdevgj do you really believe this partnership will not end up destroying Israel in the long run?

[@moktarfallata2991]

No one can explain why American governments spend billions on isearel from taxpayers' money. While the returns from isearel are big zero.

[@treg9492]

So fewer jobs in Mexico and more border crossings.

[@sleo3720]

Absolutely they love you when you’re poor hungry and vulnerable

[@mgronich948]

In fact those factories could have hired Venezvuelans and Honduruns wanting to cross into the US.

[@icu17siberia]

Why? Is Mexico only a tool for chinese access to the US market? Or, do the Chinese want Mexico for Mexico? We will now see

[@jaydee6268]

But the US needs more immigrants so it could indeed be a good thing,

[@akirathedog777]

​@@mgronich948venezuelans and Hondurans hate mexico with a passion and wouldn't ever stay, there's a multitude of videos of them saying that themselves. Chinese factories don't create jobs, they use mexico to change the origin denomination on their products to sell them in the us market. The amount of ignorance here is insane.

[@kabysummit5801]

Mexico has signed its own death warrant 😮

[@billyehh]

No. They will do extremely well in the NAFTA 2 umbrella.

[@massivecumshot]

@@billyehh They would do BETTER under BRICS.

[@jeffmason2691]

@@billyehh How? America cannot prop up Mexico Argentina, the Philippines, Europe and another nations because they are BROKE, printing more money when the majority of the world is de dollarizing will only increase inflation in the US and their so called allies. This is a death to the west and their so called allies.

[@thomashunter5645]

No. Mexico is smart to go with the USA. Chinese investment is a Trojan horse.

[@thechloromancer3310]

@@billyehh Unlikely. Mexico has to choose between rising alongside the rapidly growing global majority or hitching its wagon to the failing North American economy.

[@wingkeeho5864]

Lucky BYD. Mexico defaulted Chinese companies before, so no surprise here.

[@Ann-ig6hj]

Strange that the Mexican officials scared and "obeyed" American officials on cars matter but not on fentanyl entering to US matter

[@mianmian3488]

I guess US is more serious on BYD than fentanyl getting into US.

[@sciagurrato1831]

There’s a critical difference. Low cost, high tech EVs would benefit the American public. Fetanyl and drugs hurt the American public. Which do you think the US government supports?

[@pasofino9583]

Just say NO!

[@bhmcrumbs1348]

ci* is part of the dr*g trade

[@victorortiz1387]

Is funny how people really think that US wants to stop fentanyl entering into the country, will be surprised that they actually fueling the cartels to continue what they do. plus most of the chemicals come illigaly from china sometime directly to US. Is all by desing but Gringos are blinded by what their government tells them.

[@echocrp]

ok another US puppy

[@user-ce6zp7pg1n]

american exceptionalism at work

[@metricstormtrooper]

Exceptional at tarifs and resting on their laurels.

[@woosiewmei]

Mexico has made a bad decision as it forgot that US needs Mexico very much to prdice cheap stuff for them. If US bans investment in Mexico, where will US manufacturers go?

[@victorortiz1387]

I dont think you understood, its only banning chinese manufactures in fact more american manufactures are been send to Mex.

[@jhuh1758]

This was expected. The US in retreat mode

[@markchan8110]

Mexico should join BRICS, then they don't have to be so dependent on the US.

[@Blinky.Catttt]

Not possible. They're right next to the USA, relies a LOT on trade (and employment) with USA, and have little power to strongly assert their own interests against the USA. There's a reason their president have been saying for a long while now, "the misfortune of Mexico is being too far away from Heaven and too close to the United States."

[@dzonikg]

They will obviously be always 3th world country with level off insane crime

[@billyehh]

U.S. goods and services trade with Mexico totaled an estimated $855.1 billion in 2022. Do you really think they want to give that up?

[@markchan8110]

@@billyehh Is there any where in my comment said that Mexico should give up trading with the US? I said don't be too dependent on the US. Lol you sure have reading comprehension problem

[@jeffmason2691]

​@@billyehh The Chinese are not Mexico's number one trading partner. In think Mexico is only buying time to get away from the US influence.

[@kongshiahhwang6170]

usa government became no self confident but arrogant.

[@kelcordeen8630]

It's the norm for every declining era for any powerful country.

[@jennybleasdale1815]

Yes. Arrogance is the word. US thinks it owns the world BUT in most countries it is hated not unlike the imperial/shit arsed UK!

[@SarcastiEnchilada]

They’ve always been that way, Mexicans can tell you that much, we’ve been neighbors from the moment they stepped foot on this side of the world, and they’ve always overextended their boundaries

[@lancewood1410]

So.....is the US going to subsidize for Mexico's lost in profits? LOL.

[@alanbgtan]

US can subsidise by printing more USD to Mexico thereby accelerating its demise sooner & sooner

[@topsuperseven7910]

In a way, yes. That is to say, there will be all kinds of sweet manufacturing plants being built in Mexico over the next 20 years and many will be, in some scheme or other, subsidized in some part by the US government. Well, I should say that IS happening right now as they have big govt funded/subsidized transport routes, wide train and roads being put down to central Mexico where around 20% of manufacturing done in China today will be made tomorrow. Still feel so much compassion for the Mexicans?

[@topsuperseven7910]

@@alanbgtan No because the US 'printing money' isn't a special problem for the US or the world using its dollars. The US isn't known as the 'money printer country'. Do you know who DID print a stunning amount of money in relation to their actual values? you know. you know who did that.

[@billyehh]

No. Mexico is doing very well thanks to NAFTA.

[@lancewood1410]

@@billyehh oh yes, we all know how USA is suppressing everyone😂

[@teebone2157]

Weaknesses by mexico government

[@jennybleasdale1815]

YOU only relate to how the USA has done business. The world has changed. Most countries (unlike the USA) are looking to the future

[@parttimethinker7611]

In life rejections never doomed anyone Kevin. It creates new opportunities.

[@mrblurblur2003]

China should not waste time with Mexico for their fickle mindedness and future uncertainties. They do not stand up to threats well. BYD was lucky this time.

[@jennybleasdale1815]

YOU still do NOT understand. Other countries in the world take time to make their decisions. Too many people i nthe US have been indoctrinated by Hollywood.

[@mistercircus]

Oh for god's sake, why fear Chinese. It's crazy

[@thewelshdragon.5979]

No point opening plant in Mexico, the US can change the rules whenever they feel like and rip up any agreements or contracts.

[@stickitupyourasteric]

Mexican workers lose not Chinese workers.. 😊

[@davidk6269]

This was obviously going to be the situation. It seemed highly unlikely to me that the US would "allow" Mexico to act in a manner that is highly detrimental to US interests. The US would impose sanctions and/or regime change Mexico and install a gov't that would be more amenable to US interests if the current Mexican government did not bend its knee to the US' interests. This is the same reason why Mexico will not be allowed to join BRICS+ anytime in the foreseeable future.

[@victorortiz1387]

You actually understand well how it works here, nice writting .

[@raymondtay9442]

Arms twisting is progressing to arms breaking.

[@jimmychoi5219]

US so called Free Trade according to this Rules Based Order

[@davidlee9493]

"America first, and only America first."

[@AnnieT369]

America first don't include ordinary American citizens.

[@unglaubichuberlieber8048]

and when toyota + honda + bmw + vw will get the same treatment???

[@Crane36999]

I could have told you that would be how it was going to turn out, it was exactly like how it happened when Mexican President Nieto had wanted China to build a High Speed Railway in Mexico before…

[@sergioguti2293]

Como Mexicano. If we leava NAFTA. would be better for Mèxico l, so we csb join BRICS . Mexico, will be better off of US hipocrecy.

[@i6power30]

The biggest losers are consumers. US auto industry will simply fall further behind.

[@mgronich948]

US does not have free market capitalism. Most industries are oligopolies. WIth free markets, inefficient companies would go bankrupt. And new ones take their place. But here, the existing oligarchs have the poltical power to supppress new entrants.

[@jennybleasdale1815]

Consumers! Interesting. YOU Americans who wanted all the new 'toys.'.

[@i6power30]

@@jennybleasdale1815 70% of US economy is consumers. Not production. US dollars are backed by it's powerful military and everyone in the world are forced to accept them for goods they produce to be sent to American consumers.

[@babublue69]

free trade and rule of law in full swing😅

[@leokh88]

China EV makers should forget about US market. First of all, the EV market in US is very small and limited growth as firstly EV needs infrastructure to install battery chargers, secondly, US is a large country where most people travels by car only and needs car to travel across states, cities etc., today EV battery technology is still not advanced enough to handle super long distance travelling like 1000 km travelling so hence the market is small and with limited growth. Only certain people who uses car within cities would purchase an EV car. Hence Chinese EV makers should focus on smaller countries where distance is not an issue, and governments are willing to co-invest on infra to install battery chargers.

[@subotaiKhan]

Well, you have to start somewhere.

[@user-rz6vd4sr8v]

中国也有很多混合动力的汽车，这些汽车也省能源而且环保。

[@DW-op7ly]

From what I understand there is a big chunk of Americans against EV cars/renewable, green clean tech. And there is for sure hostility towards Chinese EV cars. These factories would be primarily for the Mexican & South/Central American markets first I would be concerned if Mexico started to ban or put tarrifs up on Chinese EV imports To me these factories in Mexico, would mean Mexican workers making those EV cars... instead

[@DailyBeatings]

It's the lack of infrastructure and the ICE ecosystem that dominates the economy. All those gas stations, mechanics, replacement parts, oil changes, etc... become dinosaurs with widespread EV use. China is roughly the same size as the United States plus the majority of the population doesn't drive long distances, only short commuting. The issue is mute anyway because there are EVs on the market right now that can do 1,000 km on a single charge with more on the way.

[@michaelfung4629]

Whats stopping Americans travelling to Mexico and purchasing a car and driving back?

[@pr0newbie]

Indeed. The Mexicans used to do it until the Chinese cars came and were cheaper than 2nd hand ford and gm cars.

[@tonysu8860]

Unless a car, any car can be driven in US roadways, it has to pass standard comprehensive tests to be certified. Nothing prevents purchasing a car anywhere outside the US but if you bring it into the US, you drive it only on private property. This applies to any and every car in the US, it has to be registered. China is not getting special treatment.

[@pNHGpNHG]

There r so many Super NAIVE young Chinese out there. These Chinese & XI JinPing are so darn stupid to realize the truth on USA. Rule Based Order means US make up all the Rules at any time & US order U around to be their SLAVES or die.

[@lastnamefirstname2390]

This is what I planned to do. But they won't allow it. They are sparing no expense to knee cap China. Anyone caught with a Chinese vehicle will be subject to insane tariffs and fines.

[@mgronich948]

@@tonysu8860 China is being singled out. US citizens, bringing a car back from Mexico is OK. But if the car is to be registered in the US the tariff has tobe paid. The Chinese EVs can pass all the safety tests. The tariff a US citizen has to pay is based on the origins of the car. However the current 27.5% tariffs is not high to discourage this from happening. The BYD seal, (roughly equal to Tesla model 3) sells for $26K. Tesla is 39K. But US has a 6K subsidy for tesla (but not in 2024) and BYD's 26K becomes 33K with the tariff. For a US consumer Tesla-3 and BYD Seal are the same price (once tesla 3 qualifies for the 6K tax credit.) But there are no 20K EVs in the US.

[@erenyeagerist7681]

I hope Mexico would be free from the US colonizer. China must help Mexico to get their freedom. FREEDOM TO MEXICO! 🇲🇽

[@ronaldlee4067]

Difficult for China. Mexico chose own destiny

[@steaminglobster]

Any technology innovation comes from competition, competition makes economic stronger and benefit customers. Now America is using political method to solve economical problem, it is like using referee to help players in a sport, this only makes players weaker. In a long run, if Mexico or any countries in the Americas continent is more economically developed, the border crisis will not be as bad as it is now.

[@bluedragontoybash2463]

American Allies' country is getting pretty nervous right now probably

[@MetalMonkey-ev4jq]

Good grief Mexico... Grow a pair!

[@jennybleasdale1815]

Obviously you are American. You have never read anything to do with History. The Chinese and other countries take there time/look at the future befor going in with guns blazing. You have watched too many movies in the US!

[@MetalMonkey-ev4jq]

@@jennybleasdale1815 Duh... AMERICAN? LOL.. You need to take some reading comprehension lessons. You obviously didn't understand what I was saying that Mexico should stand firm against US Bullying and aggression. The US imposes its Monroe Doctrine in every part of the world treating it as it's own backyard. Mexico is caving into US pressure telling others what to do or not to do just as they do the EU, Australia, Japan, South Korea, Philippines and on and on. All these countries are VASSALS of the American Empire and suffer from Stockholm Syndrome. "Do as I say not as I do". FYI... I'm NOT American and have been studying history and geopolitics and for over 20 years and speak 5 languages.

[@first-gordonchang9510]

Sooner or later the Chinese going to wake up and realize making all the products and sent to U.S. in return getting their useless fiat toilet paper. The chinese will kick themself say why?😢

[@johnyossarian9059]

America has all the rights to ban Chinese EVs from entering its market as it is a sovereign nation. But America crosses a line when it pressures other countries to also ban Chinese EVs. I hope the rest of the world understands that the same thing will happen to them if they ever develop themselves far enough to be considered a rival by the US Empire.

[@mianmian3488]

This happened many times already. The Japanese car, semiconductor industry, the nordsteam, the Euro system, Syria..... Mexico made the humble but safe choice.

[@victorortiz1387]

@@mianmian3488 Great comment

[@MediaCreators]

That was to be expected, wasn't it?

[@thinkslow2006]

America first and environment second.

[@etbuch4873]

A few days ago, I saw some news reports from Taiwan, wherein a similar story was covered regarding ASML, the company of the Nederlands which manufactures DUV and EUV -- the machine tools that produces top-notch chips (like 3nm, 5nm, 7nm chips) was coerced by the US government to stop maintenance and replacement of parts required in order to keep the DUV and EUV sold to China working properly in the expected time period in the future after the purchase. Do you have a followup on this story? Could the US government order/coerce/persuade a private company of another independent sovereign state to breach a contracts of huge purchase of important machine tools at the cost of the company (here in this case ASML of the Nederlands) and cause injuries to other private companies which purchase these DUVs of another independent sovereign state (here in this case the chip manufacturers of China) in such manner? (Have been meaning to ask you this question, Kevin, when you reported on the chip thing the other day).

[@tonysu8860]

For the most part if the machine uses American technology, the US can legally control who uses that machine. There is hardly any EUV or advanced DUV machine that can be built without American technology. The US may also ask companies like ASML to voluntarily limit sales of other advanced machinery but in those cases it's just an ask and something the US can enforce.

[@dzonikg]

Because off that ASML has already this year had 75% less profit and China will make their own

[@etbuch4873]

@@tonysu8860 , To enact some statutes that forbid certain behavior or acts in the future is alright in theory, regardless what the statutes are intended to do. But to enact some statutes that punish something that has already taken place in the past is pretty much like punishing some behavior or business deal which used to be legal and protected by the constitution and statutes in the past, and hence the deal was done at some point in time in the past, and yet is made illegal and punishable by law because of the new statutes. If those chip manufacturers in China were allowed to purchase ASML's DUVs in the past and thus the deal was concluded and the money paid -- totally legit, and now if the ASML is to breach the contracts that obligate ASML to provide after-sale service (maintenance and replacement of parts that wear out over time), isn't then ASML be liable to compensate the chip manufacturers in China that purchased those DUVs (if ASML were to follow what the US government ask/command/coerce/persuade to do -- stop the after-sale service as agreed to by both parties in the contract) ?

[@billyehh]

@@dzonikg Yes. they can make chips for singing margarita machines and little else.

[@dice138]

ASML CEO already stated they have no plan to stop providing maintenance services to the existing clients in China. It is because maintenance services are part of the contract when those companies purchase their machine. If they break the contracts by stop providing services. They'll be facing lawsuits from every direction.

[@rickbecket2820]

I predicted USA would bad the import of Chinese cars from Mexico. The largest part of the Mexican economy is remittance from America, so it is easy to blackmail Mexico.

[@greatestever9616]

As soon as Mexico steps out of line the "cartels" go on a killing spree making headlines in Mexico and starting a political mess. The US has Mexico by the balls.

[@victorortiz1387]

4% is remittance very small , the rest is mostly exports to US not only cars but many other products and Goods. WE also get good chunk from Turism about 45% of PIB one of the most visited countries in the world.

[@maalf1304]

BYD estrena camioneta en México, mientras EU eleva aranceles a vehículos chinos

[@mengsiongkheng113]

It behoves China to develop Guatemala or ine of th Central American countries and build up the economy to export to Mexico and countries around the region. That will teach Mexico a lesson .

[@seokjin3000]

Guatemala still recognizes the ROC and not the PRC.

[@highdynamicphotographyfilm2235]

so sad. I feel bad for those 5,000 Mexican job seekers. Not to mention, U.S consumers could have profited from this too. It's not like the U.S. has anything competitive to offer in the short term for their consumer to offer either…such a cheap electric car.

[@UlyaGaniya]

Their negativity build up in govnt and public maybe someday can be harnessed as green energy.. Sincerely hopeful here 😂

[@victorortiz1387]

5000 is really not alot we are 130 million, lol

[@andrews6617]

Love your channel. Nice bite sized information that few other sources cover - or are aware of. A1111

[@Ace1000ks19751982]

BYD already made it clear that they would not be exporting to the US, so what is the point of this? There are other countries BYD can produce car plants in.

[@mgronich948]

BYD not exporting to the US means there will be no BYD dealerships in the US. But americans can go to Mexico buy a BYD EV, drive it back to the US, register the car n the US without having to pay a tariff, if it's built in Mexico. This stops maybe 1 million americans taking a vacation in Mexico and driving back in a made in mexico EV.

[@alanc457]

US demonstrating excellent understanding and application of gangster tactics

[@rtzx12570]

Mexico has more free trade agreements than most, if not all countries. If a factory is based there they can ship to all South America and Africa virtually every country free of tariffs. If USA does not honour it's free trade agreements because of Chinese ownership or parts then the factory can ship to the rest of the world from there. It is still worth doing. Generally Mexico has a better engineering staff pool compared to most central and South American countries. They have the shipping facilities on the West coast already.

[@DW-op7ly]

From what I understand there is a big chunk of Americans against EV cars/renewable, green clean tech. And there is for sure hostility towards Chinese EV cars. These factories would be primarily for the Mexican & South/Central American markets first I would be concerned if Mexico started to ban or put tarrifs up on Chinese EV imports To me these factories in Mexico, would mean Mexican workers making those EV cars... instead

[@victorortiz1387]

Qualified manpower and young population. too we have many graduating engenieers . many of whon go abroad for work. not enough ingeniering jobs in Mex.

[@somphaonamnakhone6801]

I want to tell Mexico governments don't try to put your eggs in one basket. 😊😊😊

[@thao3456]

Very smart channel, thank you.

[@briannewman6216]

What happens to the BYD bus factory that is already operating in the US? Will BYD be allowed to make light trucks in the US?

[@billyehh]

The TTC in Toronto bought 50 of those BYD electric buses. They were the least reliable of the three companies that competed. The TTC ended up buying Canadian designed and built electric buses.

[@petehoney1]

normal US bullying .. wait for Trump .. he needs to blame someone for why 'lets make America great again ' is failing ..

[@cnmd1636]

Is this what US called fair competition? This shows how desperate Uncle Sam is when facing China's rapid progress in all fields.

[@herminator250]

What a shame... Thanks for reporting!

[@marier.sherman]

If you are not in the financial market space right now, you are making a huge mistake. I understand that it could be due to ignorance, but if you want to make your money work for you…prevent inflation

[@danielt.tremaine]

A wise person must know that in order to build success, they must invest wisely and have the proper knowledge or guidance in the financial market.

[@Andyholt]

Absolutely right,Money invested is much more better than money saved, when you invest, it gives you the opportunities to increase your financial worth.

[@Karen.s989]

Exactly,The key to financial freedom and wealth is someone ability to convert earned income into massive profit to build generational wealth.

[@SegunSpiff]

You are right to be wealthy you have to trade, earn and live your life as you please, Don't say tomorrow when you can do it now. Don't continue watching others earn when you can.

[@anitaj.bartley]

Investing in Stocks, Forex and cryptocurrency is the wisest, it's a place where millionaires and future billionaires come to get inspired. If you've not been involved in any you're missing out. Most importantly If you know how to trade you can make a ton of money no matter where you find yourself

[@rontsang4308]

As much as I'm "pro China", according to my sister-in-law, I'm not sure if the American administration have any other choice. If the U.S. auto industry failed, that could spell doom for the rest of the industrial sector. Again, the shortsightedness of a quarterly system made NA businesses focus solely on short term gain while China puts out 5 years, 10 years plans. Now we are paying the price for it collectively.

[@Blinky.Catttt]

No. The rational normal thing to do would be: invite the Chinese carmakers in, have them build factories on US soil to create local employment, and get some access to that technology and cheap supply chain yourselves, collaborate in various ways, and COMPETE using the advantages from that collaboration. If you can't beat them, join them and make money together, etc. Workers will be happy, consumers will be happy, the US govt will now also get more tax money. But yeah they ain't gonna be rational.

[@dzonikg]

China should ban all USA cars in China, eye to eye,and China is biggest car market

[@DW-op7ly]

From what I understand there is a big chunk of Americans against EV cars/renewable, green clean tech. And there is for sure hostility towards Chinese EV cars. These factories would be primarily for the Mexican & South/Central American markets first I would be concerned if Mexico started to ban or put tarrifs up on Chinese EV imports To me these factories in Mexico, would mean Mexican workers making those EV cars... instead

[@Blinky.Catttt]

​​@@DW-op7lyall markets start somewhere. There may be anti-EV folks in middle parts of US, but on East Coast where things are clustered closer together lots of ppl will love it. Another portion of people only have concerns because there aren't enough charging stations in US for ppl to truly use them conveniently, but that's something that will also develop with effort and intention. And if the these cars are manufacturing in US, employing Americans, what's the need for hostility? So yeah these are not reasons NOT to do this. Yeah I know this video is talking about Mexico. But OP was talking about how the US is doing this out of fear that Chinese EVs will kill their own domestic car industry so I responded to that.

[@rontsang4308]

@@Blinky.Catttt If US government think rationally and not for special interest, then at least a share of the just approved 61B weapons budget would go to rebuild America and help those Americans in needs.

[@MrSgtrodlilem]

Great video. I do remember seeing a video of Mexican KZbinrs being exited about BYU setting up shop in Mexico but I guess the carpet got pulled underneath their feet

[@wanderingquestions7501]

Good work!

[@Lululemon2023]

Washington has final say on all matters it cares to concern about in allied / friendly countries.

[@billyehh]

Not final say, but a very large one.

[@Lululemon2023]

@@billyehh a few politicians were strong and the US had to wait til they left office, like Germany’s Angela Merkel, Philippines’s R Duterte, Singapore’s Lee, South Korea Moon Jae-in and perhaps Japan’s Abe

[@billyehh]

@@Lululemon2023 Well, if they were so strong. why are they not still there?

[@jerronng6036]

Tacos hv no balls!!

[@MathTidbits]

how about transgendered tacos ?

[@charleschin413]

Always spot on and truthful.

[@coliv2]

Welcome to latin America. Policies change from a day to the next based on what some criminal in Washington will dictate to the country. See for example Argentina, where they put a criminal in charge to stop them joining BRICS.

[@victorortiz1387]

Exactly

[@jross3680]

I've been living in China for 21 years and run a manufacturing business here. I really love this country-it's a wonderful place. Regarding your points, I can easily understand the actions of the U.S. given that China has maintained persistent trade surpluses at the cost of Chinas own domestic consumption. Due to stringent capital controls, most Chinese people are limited to investing in gold and locally overvalued assets. Capital cant flow, and comparative advantage can not be realized. They are running a merchanalist economy and it will end in war if they dont wake up! China has historically protected its industries, a practice that continues today.Western countries are equally justified in adopting similar measures to safeguard their critical sectors. If China continues to outpace the U.S. in this regard, it's understandable why the U.S. would seek to intervene. The entire system is incredibly distorted.

[@lastnamefirstname2390]

You are justifying bad business and lowering citizens' QoL so that idiot's like Musk can turn a profit with inferior products. It's lunacy!

[@graceli6886]

The way you still spoke like an US diplomat/congressperson even after living in China for 21 years is...very US? (1) 20 years back, and nowadays, developING countries are balancing between (a) increasing employment and household income and (b) safeguarding their budding industries (not the industries they don’t have at all or can healthily compete) from the direct competition of established foreign companies, by (a) incentives to set up local plants by foreign brands, JV, market-for-(second or third tier)-tech transfer, (b) tariff on DIRECT IMPORT (indirect incentive to achieve (a)). (2) China welcomed Apple and Tesla with both market and incentives for their plants even when China had local competitors of them. In addition, foreign manufacturers of industrial parts (and service companies etc.) and Chinese makers (service providers) co-exist, healthily competed for decades. US actions are NOT what developING countries were/are doing. For (1), it (a) mainly coerced foreign companies to set up plants in the US, and wanted the world level latest high tech to itself by paying a mere tiny incentive, and (2) charge tariffs on direct import AND coerced its neighbor with tariff treaty (as shown in this video) not to set up so and so plants in their own territory, AND initiate banning LAW-BINDING (well, China didn’t invent an everything-I-say-fits-fits-it National Security law) foreign companies from selling products/services in the US. Give me an example of China doing so??? You’re comparing apple and orange. For (2), if US is such a copycat, shouldn’t it give incentives for BYD to set up a plant (Tesla China is not even a JV) to produce its Apple/Tesla equivalent hybrid car in the US? And open US market? Talking about local people investing in ‘local overvalued assets’, lmao, what is more overvalued than the green paper at this moment? Bitcoins, perhaps. And what else do US citizens invest in besides USD-denoted assets? Which of those assets Chinese citizens can’t invest in? TikTok(US), I suppose. Mendelian Trilemma exists and you’re basically saying picking ab is righteous and picking bc (especially to avoid (edit: corrected the letter sign) not c: dependent monetary policy, what bleed those who picked a and are not the US at this very moment) is evil. What a joker. You know what is the root cause of so call imbalance? US capitalists ditched US workers. If the offshored destinies are occupied by US troops or are less than one tenth the size of the US, US could have used them and bled them when needed (say Japan) one by one, with no excuse of copying any developing country, nor an excuse needed. Against China, what US can do is to propagating what you said while restricting Chinese citizens from investing in US industrial assets, allies’ assets, 3rd parties’ assets, BRI, causing some of the appearances you saw.

[@jross3680]

​@@graceli6886 ​ @graceli6886 No, I am speaking from common sense. I can easily say you have zero idea about the US, despite your good English. I have been in manufacturing for decades. I have customers in the US. You need to adopt common sense. The US should build back its own manufacturing industry. Learn from Chinas economic policy, which it is mercantilistic, as it requires the rest of the world to absorb their exports. Look, I dont want to see manufacturing leave China. I want to see the US and China trade as they have for the past 40 years, but I am also a REALIST, and see the US key industry in decline, in a very saturated market due to various factors, from different economic models, and financial system. Stop being so black and white in your thinking. BOTH sides are right and wrong. But the US has every right to protect its key industries, just like China does. The situation in the US is Grim. You do not know the country, so you do not understand. They must rebuild and protect certain key industries and industrial chains. Comparative advantage only works in a world with balanced trade. With China there is NO BALANCED TRADE. Running surpluses is unsustainable for the US and the world. Please use more deductive reasoning in your reply. For example, China blocked Facebook, and forced them out of the China market through non-tarrif barriers. The US has every right to create similar conditions for Tik Tok.

[@saleh45251]

@@jross3680 both have their versions of mercantilism! Chinese with manufacturing and the US with financial system and USD! both countries and their systems are dangers to the world but gullible masses dont understand these things , however, many started to feel it from the USD mercantilism effect (US weaponizing the USD!).

[@jross3680]

@@saleh45251 I completely agree and have no doubts about the excessive financialization of the U.S. system, which contributes to the dollar's overvaluation and creates economic distortions globally. There's no question about that, and I hope for better balance in the system. However, this is not related to my previous comment. The main point is that every country has the sovereign right to determine its own industrial policy. To argue otherwise would be hypocritical and show a lack of understanding of basic economic principles and history. There should be no debate on this matter. Criticizing the U.S. for its industrial policy, whether it's misguided in promoting economic prosperity or influenced by electoral politics, is a right that each country holds. Sometimes, these channels that are overly pro-China, are over critical of the US, and lack any criticism of Chinese policy, which is equally wraught with its own issues, contributing to global disequilibrium. If everyone can acknowledge that, then I can see potential for reasonable discourse, which is hard to find these days.

[@bhmcrumbs1348]

Beautiful scenery!

[@emila6]

Well put

[@johnnytsang2047]

Wow is this the way it's going ???

[@derekferguson385]

BYD’s largest shareholder was Warren Buffet. Don’t know if he still is.

[@Andrew-rc3vh]

The UK was also like Mexico post WW2. We built the Blue Streak rocket. Once the system was got working the project is cancelled. We build the world's most advanced fighter, the TSR2, get it working then cancel it. Why? Government at the time said they could not afford it. This was both true and false. It was true in the sense that if they carried on the US would call its WW2 reconstruction loan in. Mexico no doubt has that wonderful Reagan "government help" as well. Moral of the story: avoid wars you can't afford.

[@yakuza01]

As a Mexican, that's heartbreaking to hear. Hope Mexico somehow finds a way around it. We are at a time when we can make some serious progress as a country and I think we also have some rarely seen leverage on our side that should allow us to push back. As usual, US asking other countries to chop their own limps off for their own interests.

[@justinburton918]

But Gavin Newsome is trying to get BYD in California.

[@AnotherExtraFist]

US does not need any more "bad looks". Thank you Mr. Walmsley for bringing truly new information, and with your usual measure of objectivity.

[@rickyraynor5513]

Wow,wow,wow,we are living in crazy time

[@Ju_pi_ter]

BYD local executive has said no intention to export EV to us.

[@mgronich948]

But Americans can fly to mexico and drive back in a BYD made in mexico (no tariff) when it's registered in the US.

[@ubermenschen3636]

Hello Joe, this is Justin Trudeau, PM of Canada. We don’t have such problems with BYD or any Chinese auto makers that want to build EV factories in Canada because I have personally promised the US government that no Chinese EV company will be welcomed in Canada. And before Canada import any EV from China, I’ll touch base with the WH.

[@PapiChulo-yb6iu]

Then they complain that there are alot of immigrants in the stolen land. But yet the gangster nation doesn't let others make business

[@Dan-DJCc]

This is how the Rules Based International Order (tm) works. Thanks for bringing us this important example.

[@kaustavdey9354]

Where -Ev/solar/space/marine/Tech/ Belongs to asea

[@GidneyNCloyd-hq7hl]

By hook or by crook or outright war, the dying empire doing its utmost to destroy the BRI.

[@kibakobo]

And Don’t think otherwise for a moment Tesla had nothing to do with it. . Thank you.