IMF Slams Biden's Tariffs on Chinese Imports | Vantage with Palki Sharma

US hypocrisy is mind boggling

Who knew that communists will be liberal on trade and capitalists will be resorting to protectionism.

Last year, I visited mainland China. Despite having magnificent infrastructure, affordable clean transportation, and safe, comfortable living, I found the Chinese people I met humble and not inclined to brag about their country. I keep saying that the cities in China are already first-world, but it seems that’s not what they think. They said they are happy with the government, and life is much better compared to the last three decades, but they still consider the country not rich.

Here we go again!! Government billing out the auto industry. Or in this case stopping competition from entering the U.S market…

Somebody tell her that there are no illegal subsidy.. Every country provide subsidy only the scale are different

Does the 34 billion to bailout the automakers in 2008 count as a subsidies??!! The hypocrisy is crazy.

This could one day happen to India too.. We should support China on this

America fought communist Russia only to become its gay version 🤣🤣🤣

Subsidies? Simple logic. Compare the cost of living in China and that of US is a world apart. Things are far more cheaper in China, so things produced will also be cheaper. The Chinese government need not subsidize it. It's the economy of scale. Automatically it's gonna be cheap.

Not sure most American understand tariff is a tax on American, not Chinese.

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

This is called US' International Rules based order.

CHINA subsidies go to their industries. USA subsidies go to Israel and Ukraine.

The United States imported approximately 70,000 made-in-China Ford, Volvo, GM new vehicles in 2023 (By the way, China exported a total of 4.91 million vehicles in 2023, the United States only accounts for 1.4% of China’s auto export market share in 2023 and almost no chinese brand ). No Chinese domestic car manufacturers have taken the initiative to officially sell their cars in the US. 102.5% tax on Chinese EVs， Go ahead. That must 'hurt 'China a lot, LOL. The US is not the center of the world. 30 094 767 new cars were sold in China in 2023 ( 8.1 million of them were electric vehicles ) , meanwhile only 15 604 278 new cars were sold in the usa (1.4 million were EVs). The US is expected to subsidize Tesla with $34B between 2023 and 2030. This isn’t even including the other subsidies that Tesla is going to receive from previous policies. Meanwhile, the Chinese government has subsidized BYD between 2018 and 2022 with the whopping massive amount of $ 3.7B. So the American company got subsidized 10 times more than the Chinese company, out of the $119B in battery subsidies GM got about $21 B, the truth is the US regime is subsidizing their electric vehicles way more than China is. On November 30, 2023 GM announced record $10 billion stock buyback, more than it’s spending on UAW raises- as its electrification push stalls (Source Bloomberg). That share buyback from General Motors was just q4 of 2023, $10 B, they get $20B in subsidies and they spend $10 B giving that money back to shareholders. The money isn’t going to innovation like it should, the money seems to go these bloated bureaucratic corporations where they take the money give it to shareholders or give it to executive bonuses or management teams that don’t know how to build a car, get so complicated convoluted they just can’t do business competitively anymore. They don’t need to, instead of being forced to be competitive, being forced to actually spend the money on R&D and producing a high-quality product, they just put a 102.5% tariff on anybody that they cannot compete.

Its not just about china ,it can happen to india too , international trade law must not be crushed for political reasons or per say dirty business tactics

In 1980S they did the same thing to the Japanese car,and we are not surprise they are doing again to the Chinese car.In their mind if they have the advantage they want free market,if they are far behind, they will take every excuse to ban the competitors and protect their own industry.But the truth is even the tariff is 102.5%,the Chinese car is still cheaper and better than the American brand make in U.S and the U.S company still needs to import batteries from China.Only the America consumers hurt.

Simple words: IMF don't want crazy thing happen again to world economy

Exporters don't care as much as before because American people pay for the tariffs, the only problem is it will push up inflation

China doesn’t sell EVs in 🇺🇸

Oh i didnt know that IMF is Alive 😂 .. pwe! Dont believe chameleon .. IMF is US and West 😂😂😂