In response to the trade war, the Asian giant is investing billions of dollars abroad in plants, especially in industries linked to the energy transition
China is aware that its investments can be a bargaining chip for member states to bring down their trade barriers. At the same time, setting up in the EU would be a way of avoiding tariffs, if they end up being confirmed: cars would have the “produced in the EU” stamp, leaving behind added value, employment and the transfer of knowledge.
Could the EU not just put restrictions on Chinese-owned car companies regardless of where the factory might be located?
China definitely, 100% bro, has no possible ulterior motives for subsidizing the fuck out of their electric vehicle industry to out compete it in its early stages across the west. Yeah, right.
Tell me again about how China has no import tariffs on anything?
Sorry, you’re right. I thought I had read the opposite.
However- they appear to be against the tariffs because it affects their exports and not because they think it’s bad for competition in Europe. I would think they would not want these Chinese car factories in the EU and will push for that to be sanctioned in some way.
Okay, here’s the part I don’t understand:
Could the EU not just put restrictions on Chinese-owned car companies regardless of where the factory might be located?
Why would the EU want to do that?
Chinese EV maker BYD welcome to open factory in France, French finance minister says
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China’s Dongfeng in pole position to build an auto plant in Italy - Italian sources
Then why the tariff?
https://en.wikipedia.org/wiki/Protectionism
China definitely, 100% bro, has no possible ulterior motives for subsidizing the fuck out of their electric vehicle industry to out compete it in its early stages across the west. Yeah, right.
Tell me again about how China has no import tariffs on anything?
If that was all it was about, I doubt all the Western car companies would have been pushing so hard for the tariff.
The German car companies are very afraid of Chinese retaliatory tariffs on luxury cars.
Do you have a source claiming western car companies are pushing for tariffs on Chinese EVs?
VW and BMW chiefs warn on EU’s China EV tariffs amid falling profits
https://archive.is/Q5hUl
Sorry, you’re right. I thought I had read the opposite.
However- they appear to be against the tariffs because it affects their exports and not because they think it’s bad for competition in Europe. I would think they would not want these Chinese car factories in the EU and will push for that to be sanctioned in some way.