US-China tariffs force China to be creative, analyst says

Рет қаралды 8,594

Ай бұрын

The Biden administration has enacted a new set of tariffs against China that will hit up to $18 billion in imported goods, including quadrupling the duties imposed on electric vehicles (EVs) and doubling tariffs on solar panels and semiconductors to 50% each.
Bernstein Managing Director and Senior Analyst Stacy Rasgon joins The Morning Brief to elaborate on whether or not these trade policies will have any lasting effects on the United States, its demand for semiconductor imports, and the new avenues China is approaching to acquire more AI chips.
"The US just doesn't import a lot of direct semiconductors from China... it's maybe a few billion dollars, it's not any more than that. So there's no direct impact," Rasgon says. "Now the indirect impact, you know again risks of further escalation... like counter like actions from China... those have been the issues that we've been dealing with over the last several years. By and large, they have been manageable."
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Пікірлер: 64

@davidlee9493 Ай бұрын

Arrogance and ignorance are the hallmarks of American politicians.

@icu17siberia Ай бұрын

it's a internal matter. china doesn't need the US they say, so why even pay attention?

@cosmoray9750 Ай бұрын

Ironic. When US auto makers were making record profits from the 80's to most recently selling cars in China no one said a thing. Fast forward to today. All of sudden China can make as of a good car the American... politician call the cars manufacture in China a threat, tariff at 100%. Then there is the over capacity ??? What does that even mean. If that is the case then S.Korea, European auto makers and Japan are also at overcapacity. They export millions of cars to the world each year. The reality is the US can not complete. So they have to resort to these dirty tactics. Why wasn't there overcapacity when Ford, GM were making record profits and manufacturing cars in China ? Can you say American hypocrisy ? 🤔 I'm old enough to recall in the 80's and 90's here in North America. People were Not purchasing American cars. They were garbage. The cars were full of defect and was always in the shops for one reason or another. The big three weren't able to compete with the Japanese auto makers. So the US politician were against the Japanese auto makers like they are doing to China's auto makers today. Look up all the anti Japanese rhetoric from the 80's and 90's. History rhymes.

@Politicalchaoss Ай бұрын

The United States desperate actions to hold the huge progress of Chinese companies. This kind of actions tends to hurt their own country

@icu17siberia Ай бұрын

Doe US control China's destiny?

@hsingkao2024 Ай бұрын

US-China tariffs force China to be creative.

@jimmylam9846 Ай бұрын

Taiwanese will be screwed.....

@mattcat83 Ай бұрын

When did Congress vote on this new law?

@oka2046 Ай бұрын

China would stop buying from Boeing period.

@jy3ster Ай бұрын

China’s always innovative and able to think ahead. USA just proving that they are the draconian society

@digger105337 Ай бұрын

US is not draconian, our government leaders are. Some are the walking dead and just haven't figured it out yet.😂

@icu17siberia Ай бұрын

that china needs to partner with

@junaidisalam5718 Ай бұрын

its easy... no more buying grain, bean, beef and poultry from the U S

@jimmyjohnson437 Ай бұрын

And dump all of us treasuries bonds

@digger105337 Ай бұрын

Doesn't that apply to Taiwan? The official policy is they are part of China, let's see how this goes???.

@LLee0 Ай бұрын

From joining WTO in the early 2000s till today, the raise of China in large part owed it to the USA...

@chrismanchin Ай бұрын

Is the other way round.

@zhiiweee Ай бұрын

its their own hard working chinese people that formed the raise of China today. Not USA..

@reihydra Ай бұрын

yeah keep putting these restrictions, it will only make your country suffer while the rest of the world will develop and be more innovative

@MSDGroup-ez6zk Ай бұрын

China can take tarriefs on the using of USD.

@milosnestorovic1594 Ай бұрын

Full Implementation of New Decisions is Impossible, Absolutely, and in long term, only major problems and upheavals are possible, and in the short term...

@CaliforniaMISC Ай бұрын

Good!!

@pennyshi6474 Ай бұрын

The host is right. Chips are going to be manufactured in other countries anyway. They are supposed to be cheaper and better even it means they will be made in China. It’s not a new thing so don’t bother 😂 The states should focus on the real new things, like nuclear fusion, quantum computing, AI, MRNA tech.

@icu17siberia Ай бұрын

We all want to see Chinas response. Do they have the smarts to get what they need? Or, will they let emotions impact them further?

@WalkOverHotCoal Ай бұрын

Probably not smart enough to match Joe Biden. So it is more emotions than tactics for China.

@jimmyz25z Ай бұрын

Whether China would do something stupid is yet to be seen but this move from US is not that clever, politically meaningful and practically meaningless.

@bingbing3464 Ай бұрын

China just needs to ban all trades in USD and you will see the whole economy shifts.

@infernaliron2085 Ай бұрын

Should go farther. Cutoff all trading and diplomatic ties with China.

@pgdog888 Ай бұрын

Then America will bankrupt. Remember, China owns 800 billion of America bond.

@icu17siberia Ай бұрын

in a few years, that could be the case. let's see what China does.

@WalkOverHotCoal Ай бұрын

In a few years, there may not be a United States, judging by the way it is traveling.

@p51wildfyre Ай бұрын

Despite massive outsourcing by US corporations to PRC, PRC government has remained an economic FOE and military FOE! No amount of economic cooperation nor diplomacy will make PRC government an ally of USA or any nation! PRC's diplomacy is coercive and deceptive. PRC's cut-throat trade practices and economic aid/loans to other countries filled with debt traps. Japan's geopolitical conduct, on the other hand, abandoned its imperialistic stance, no territories, practices friendly economic competition, no debt traps, outsourced its massive automobile industry to other countries (USA, Canada, and other countries) to provide employment, and a true ally! Japanese government genuinely protected its people by postponing the Tokyo 2020 Summer Olympics (sabotaged by the covid-19 epidemic) because the Japanese officials listened to its medical experts/people, put down their pride and honor, risked billions of US dollars worth of investments, profits and revenues in order to protect the people of Japan. Did Xi postpone the Beijing Winter Olympics??? NO!

@huanghermann5207 29 күн бұрын

The same comments by you are everywhere in YT

@p51wildfyre 29 күн бұрын

@@huanghermann5207 off course the same PRC propaganda everywhere,,, but my comments are relevant.... geopolitically and thank the heavens, Japan can be compared to PRC government.... the exact opposite of PRC

@p51wildfyre 29 күн бұрын

@@huanghermann5207 how about this, PRC government BORROWED a FOREIGN IDEOLOGY that CORRUPTED Chinese culture and heritage! One Child Policy, One China two system (for Hong Kong), One China policy (with a plan to invade Taiwan - no wonder Taiwanese would say they are not Chinese).... Confucious, Sun Tzu and Bruce Lee would weep in their graves knowing One Child Policy slaughtered the future of the people of China!