Comments by "Joey" (@Joey-ct8bm) on "How Trump's Tariffs Could Reshape the Car Industry | DW News" video.

Tesla gets 23% of the total revenue from China. Everybody will still buy the European luxury cars with tariffs in the US. High end Fashion too. We would be the big winner in the luxury car category by far. Trump has 2 Rolls Royce's, a Mercedes and a Ferrari. Elon Musk has 8 European cars, which luxury cars we buy from the US? Only Tesla! 2 British cars Elon drives. A Mclaren and a Jaguar. Let BYD in killing Tesla. The US would be the big loser. They lose by far on quality and status symbol cars rich people want. It's not even a battle. China is a way bigger market than the EU and the US market is smaller than the EU. I choose the market in China where 750 million people don't have a car yet and the billionaire rate is rising. You can put a 100% tariff on a Ferrari and you would be loved in the US/China like a king for driving one. Status is everything in the US.
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@asmirann3636 The EU is. Germany is in the EU single market with 440 million people. The UK car industry is the one in trouble. Europe will win a tariff war on cars, because we sell the luxury ones the rich people will buy. Put 40% tariff on a Ferrari or Mercedes and the become even more popular under millionairs and billonairs. A Tesla would lose to BYD.
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The US would hurt the most in this scenario. 🤣 A tariff is a domestic tax on consumers. It's meant to get foreign production to the US. The problem with cars is that China doesn't sell cars in the US and rich people will still buy luxury European cars with tariffs. Trump has 4 European cars and Musk has 8. They are status symbols. Only Tesla's sell in Europe. Those can be replaced by BYD.
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23% of Tesla's total revenue comes from China. Musk has 8 European cars and Trump has 4. You want to start a tariff war on cars with Europe? Good luck. Only Tesla's sell here and BYD is cheaper and better. The Chinese market is way bigger than the US and 750 million people don't have a car yet in China. European cars are status items for rich people. Trump has 4 European cars and Musk has 8. Rich people will still buy a Bugatti, Mercedes or Ferrari in the US/China. The fact is that the US makes bad cars that doesn't sells abroad. The US is also risking the tech sector. ASML chip technology is from Europe. That's the area you do win in quality. That can be stripped away by pulling ASML or selling ASML machines to China making them your competitor.
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Everybody loses in a tariff war, but everybody rich will still buy European luxury cars. They are status symbols. High end fashion too. They would pay 100% tariffs for a Bugatti, Mercedes or Mclaren.
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@scrapbrainsinc Then they won't drive a car anymore. Inflation will go up.
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The fact is that all of Europe needs to go green. We just don't have the fossil fuels on our continent. The US has gas, but not oil. Oil you get from the Middle East.
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@winterlinde5395 Tax is the opposite of capitalism. 🤣 Tariff is import tax. What did the Soviet Union do with cars and tariffs? Exactly! Protective communism! The opposite of free trade. Buy a USSR made Lada.🤣 Buy a American made Ford!🤣
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@winterlinde5395 But the one you replied to was reacting to tariffs. You're talking price gauging. Different thing.
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@bspr9062 Don't need to. They can set up shop by going to a cheap labor country and export to the US. US companies that rely on import can do that too. The US is also a small market. There's 8 billion people in the world. If everybody starts to tariff the US, than a Ford is better off leaving the US.
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@tangocoyote2643 The EU has new members every year. It's growing. You can never be as big as China. 1.4 billion people in China. I'm still not moving there. I'm staying in Europe. The US is cooked. We make the better cars by far. Rich people will still buy our cars, even with a 100% tariff. We make the best cars in the world. Trump has 4 European cars and Musk has 8 European cars. Musk has more European cars than Tesla's at home. All of rich MAGA drives European. They are status symbols. French wine and cheese will still be popular. High fashion too. We make quality products for rich people. BYD is already better than Tesla and Tesla is the only US car that sells in Europe. You're the one who's cooked. You've already a 35 trillion debt to start with.
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