If Donald Trump is successful and fair trade deals with countries like Australia and New Zealand are enacted then those countries will stop importing BYD and other Chinese cars, resulting in greater losses for China.
But if those countries disregard the US incentive to tax and tariff Chinese cars, then they will feel the pressure of higher taxes and tariffs on their products to the US.
FReeper minnesota_bound posted:
BYD has bribed politicians in order to sell their electric buses that do not work.
Also BYD money laundering with gov newsom (CA) $1.2 billion tax dollars disappeared when 200,000 face masks were supposed to arrive every month starting in April 2020. Zero arrived.
BACKSTORY BYD was in a joint venture w/ Mercedes-Benz which has now completely withdrawn from that venture, leaving BYD as the sole owner of the Denza brand. In 2010, BYD and Mercedes-Benz (then Daimler AG) formed a 50/50 joint venture called Shenzhen BYD Daimler New Technology, which focused on research and development of new energy vehicles, with the brand name Denza.
Mercedes-Benz Reduced Stake: Poor sales led to Mercedes-Benz reducing its stake to 10% in 2021. In September 2024, Mercedes-Benz sold its remaining 10% stake in the joint venture, meaning BYD now has full control of the The Denza brand offers battery-electric models and plug-in hybrids, is now entirely owned by BYD.
Wikipedia BYD takes full control of Denza EV venture, ending 13-year partnership ... Sep 17, 2024 — Chinese automaker BYD Co. has taken full control of its joint venture with Mercedes-Benz Group AG ...
Bloomberg.com BYD, Mercedes-Benz tease new co-branded luxury electric vehicle. Apr 5, 2024 — Denza was founded in 2010 as a 50:50 joint venture between Mercedes-Benz (Daimler) and BYD.
Wikipedia https://en.wikipedia.org › wiki › BYD_Auto BYD is the best-selling car brand in China since 2023, after surpassing Volkswagen, which had held the title since the liberalization of the Chinese automotive ...snip
Like Australia?
Australia due to free trade agreements has no tariffs against the USA. Under the Australia-United States Free Trade Agreement (AUSFTA), effective since January 1, 2005, Australia does not impose tariffs on most U.S. goods. Over 97% of Australia’s non-agricultural exports to the U.S. and two-thirds of agricultural tariff lines became duty-free upon the agreement’s entry into force. However, certain products may still face non-tariff barriers, like biosecurity restrictions (e.g., on fresh beef due to past mad cow disease concerns) or quotas for specific goods like dairy, where tariffs could apply if quotas are exceeded. Additionally, Australia applies a 10% Goods and Services Tax (GST) on most imports, including U.S. products, but this is a consumption tax, not a tariff, and applies equally to domestic goods. Some posts on X claim Australia has no meaningful tariffs on U.S. goods, aligning with the trade agreement’s terms.[](https://www.dfat.gov.au/trade/agreements/in-force/ausfta/australia-united-states-fta)
And the USA runs a surplus against Australia. U.S. goods imports from Australia totaled $16.7 billion in 2024, up 4.7 percent ($745.7 million) from 2023. The U.S. goods trade surplus with Australia was $17.9 billion in 2024, a 1.6 percent increase ($279.7 million) over 2023.
It looks like the USA already has a fair trade deal with Australia