🇨🇳 🇪🇺 🇩🇪 🇬🇧 🇺🇸 Those Chinese who are paying for your EV
POLITICO: Germany wants UK to raise tariffs on Chinese EVs:
Germany wants the U.K. to raise tariffs on Chinese electric vehicles in exchange for protection from Made in Europe rules, according to a person familiar with Berlin’s position.
The Telegraph: Burnham preparing to raise Chinese EV tariffs to get closer to EU:
Andy Burnham is preparing to raise tariffs on Chinese electric cars as part of a closer relationship with the EU.
The Prime Minister will visit Friedrich Merz, the German chancellor, in Berlin on Thursday before a UK-EU summit in November, which is expected to secure deals on youth mobility and food and drink.
Mr Burnham is likely to urge Mr Merz to pressure Brussels so that British firms can benefit from EU defence loans and industrial subsidies.
But the chancellor is expected to warn Mr Burnham this will not be possible unless the UK raises tariffs on Chinese electric cars from 10 per cent to the EU’s 45 per cent.
Reuters: China rejects EU request for voluntary hybrid car export curbs, FT reports:
China has rejected a European Union request for voluntary curbs on hybrid car exports as the two sides enter the last stretch of negotiations to avoid a trade conflict, the Financial Times reported on Wednesday.
The European Commission now hopes to get Beijing to accept a unilateral EU measure to cap hybrid imports instead, the newspaper added, citing two diplomats briefed on the plan.
South China Morning Post: Washington, Brussels forge ‘multilateral coalition’ against China’s industrial surge:
Most G20 members, including the European Union, signed a US-led joint statement calling for action to eliminate industrial overcapacity, a move experts say reflects a coordinated effort by Washington and Brussels to assemble a “multilateral coalition” to pressure Beijing amid growing trade imbalances.
In the statement, issued by the Office of the United States Trade Representative on Wednesday, the US and 14 other economies agreed to “take effective actions” to address structural excess capacity in several sectors such as electric vehicles, batteries, semiconductors and solar panels.
Signatories included the trade ministers of Argentina, Australia, Canada, the EU, France, Germany, India, Italy, Japan, South Korea, Mexico, Poland, Turkey, the UK and US.
China, Brazil, Indonesia, Russia, Saudi Arabia and South Africa – also G20 members – were not signatories.
The statement, which did not name China, also urged countries to end “non-market” policies and practices that distort markets and perpetuate excess production.
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Following the G20 meeting, China’s commerce ministry said most participating economies held differing views on excess industrial capacity, while Washington said only a “handful” of ministers had opposed efforts to establish a pathway for cooperation.
The joint statement meant the US wanted to “use the overcapacity narrative to assemble a multilateral coalition to put pressure on China”, said Zhao Minghao, deputy director of the Centre for American Studies at Fudan University.
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At the same time, Europe wanted to use the statement to demonstrate a willingness to align with the US in pressuring China, Zhao said. “While US-Europe relations face significant challenges and their shared policy objectives are limited, pressuring China over capacity issues is one of the few areas where their goals genuinely overlap.”
Similarly, Zhu Feng, dean of Nanjing University’s School of International Studies, said the statement marked “a clear attempt by the EU to capitalise on Washington’s current momentum to further suppress China”.
Zhu said the recent joint appeal by the leaders of France and Germany for tougher measures to address market distortions “aimed to further curb China’s production capacity”.
Only retards believe that the Chinese people are diligently working so that the taxes they pay to the state (which are smaller than the taxes we pay in the West!) could subsidize the cars that we, Westerners, are purchasing from them!
When we, in the EU, are subsidizing battery factories and EV purchases, everything is fine. When the Chinese central government is implementing policies, local governments are making investments in specific technologies, and banks are actually financing companies, OMFG, this is against the WTO’s rules and lacks transparency!
We cannot accept that we’re fucked because we’re stupid.
WTO’s rules oppose protectionism.