Great deal! Why should we, europeans, buy chinese cars and support chinese economy? We should support european car production, which is good for our economy!
Because we can’t have cheap electric cars competing with more expensive petrol powered cars we’re making in Europe.
*From Bloomberg News reporters Alberto Nardelli and Jorge Valero:*
The European Union voted on Friday to impose tariffs as high as 45% on electric vehicles from China in a move set to increase trade tensions with Beijing, according to people familiar with the process.
The European Commission, the bloc’s executive arm, can now proceed with implementing the duties, which would last for five years, said the people, who spoke on the condition of anonymity. Ten member states voted in favor of the measure, while Germany and four others voted against and 12 abstained.
The decision by the EU comes after an investigation found that China unfairly subsidized its industry. Beijing denies that claim and has threatened its own tariffs on European dairy, brandy, pork and automobile sectors.
Perfect. I kinda expected more but this is a good first step. China is price dumping with their trash products. Don’t buy Chinese stuff if you don’t have to.
European producers are relieved. They can continue building low spec, expensive EVs.
this is bad move ,you want people to buy these EVs , considering the eu is planning to ban ice cars in less than a decade
i 1000% dont care if the german car industry cant build cheap evs , if they cant they shouldnt be be able to survive
So there will most likely be reciprocal tariffs, right?
So basically europeans suffer from higher prices because local companies couldn‘t keep the global pace..
Fantastic news
Protecting our failing industries over the backs of European consumers. When is VW’s €15k EV launching with a range of 400km? Or Renault’s?
Not very passionate about Chinese products, but part of imposing a tariff should also be a plan how to innovate and create a competing / better product in the interest of Europe’s future competitiveness.
But that’s of course difficult if it concerns EU policymakers.
Making rules? Sure! Protecting Günther’s and Arnauld’s stock prices, the guys that we know so well from our Advisory Board side hustle at Volkswagen and Renault? Happy to, good for our stock portfolio too. Making a plan how European consumers will be better off, how we reduce fossil fuels use and come up with competing products? Let’s just wait a bit, by the time Europe becomes an Open Air Museum we will be retired anyways. And Günther and Arnauld too btw.
Is anyone aware that this also effects cars built by european companies built in china … iirc the most affected brands are german ones.
Car lobbyists win, consumers lose.
The Chinese industry, especially the automobile industry, is heavily state-funded, both for domestic and geopolitical issues. And it is all aimed at killing other parts of the world. The sooner we understand this, the sooner we won’t be fooled.
Great news. An unfortunate but necessary move to protect our industries from unfairly subsidised EVs.
European carmakers are delighted because now they can purposely delay their cheap electric cars and continue selling expensive electric cars since they are more profitable.
“We need to battle climate change!…. Unless it affects your money”
Really hope Australia doesn’t copy them. I’m planning on buying a BYD electric or Hybrid car
Cant compete, better impose Tarriffs.
If anybody wants to see the other side of the argument:
Now eu citizens will continue to get shafted and pay exorbitant prices for half arsed EVs made by complacent european car manufacturers…
thank you EU for bringing even more expensive cars to your citizens . Bravo!
But we’re gonna work on making our industries more efficient and cost-competitive too, right?
Because you kinda need that in order to actually be a viable choice. China has long since dropped the ‘cheap low-quality trash’ label, and they’re capable of very impressive stuff. My Xiaomi phone lasted me longer than any phone I had before, and I’m currently using Edifier headphones, which have surprised me very pleasantly.
I want to support European and national bussinesses, I really do, but costs of living aren’t getting any easier to keep up with.
You don’t protect yourself just by red taping everything that’s causing you trouble. We need to do better and do more, and w should’ve started decades ago.
Good for European companies, bad for European consumers and the climate.
This is a good thing….and here’s why.
The CCP is an increasingly hostile foreign government that is actively engaging in economic warfare and Military-Civil Fusion as a means of readying itself for what it believes to be a conflict of supremacy against, “”The West”.
….so why invest in the PRC, then?
Now that China will retaliate against each EU country with tariffs, the EU must stand up to China as a unit instead of being divided.
The tariffs must be higher. The Europe have the right to protect herself.
What about all the manufacturing capacity that is already here? Chinese own so much in Europe rendering these tariffs pretty much show for the public.
27 comments
Great deal! Why should we, europeans, buy chinese cars and support chinese economy? We should support european car production, which is good for our economy!
Because we can’t have cheap electric cars competing with more expensive petrol powered cars we’re making in Europe.
*From Bloomberg News reporters Alberto Nardelli and Jorge Valero:*
The European Union voted on Friday to impose tariffs as high as 45% on electric vehicles from China in a move set to increase trade tensions with Beijing, according to people familiar with the process.
The European Commission, the bloc’s executive arm, can now proceed with implementing the duties, which would last for five years, said the people, who spoke on the condition of anonymity. Ten member states voted in favor of the measure, while Germany and four others voted against and 12 abstained.
The decision by the EU comes after an investigation found that China unfairly subsidized its industry. Beijing denies that claim and has threatened its own tariffs on European dairy, brandy, pork and automobile sectors.
Perfect. I kinda expected more but this is a good first step. China is price dumping with their trash products.
Don’t buy Chinese stuff if you don’t have to.
European producers are relieved. They can continue building low spec, expensive EVs.
this is bad move ,you want people to buy these EVs , considering the eu is planning to ban ice cars in less than a decade
i 1000% dont care if the german car industry cant build cheap evs , if they cant they shouldnt be be able to survive
So there will most likely be reciprocal tariffs, right?
So basically europeans suffer from higher prices because local companies couldn‘t keep the global pace..
Fantastic news
Protecting our failing industries over the backs of European consumers. When is VW’s €15k EV launching with a range of 400km? Or Renault’s?
Not very passionate about Chinese products, but part of imposing a tariff should also be a plan how to innovate and create a competing / better product in the interest of Europe’s future competitiveness.
But that’s of course difficult if it concerns EU policymakers.
Making rules? Sure!
Protecting Günther’s and Arnauld’s stock prices, the guys that we know so well from our Advisory Board side hustle at Volkswagen and Renault? Happy to, good for our stock portfolio too.
Making a plan how European consumers will be better off, how we reduce fossil fuels use and come up with competing products? Let’s just wait a bit, by the time Europe becomes an Open Air Museum we will be retired anyways. And Günther and Arnauld too btw.
Is anyone aware that this also effects cars built by european companies built in china … iirc the most affected brands are german ones.
Car lobbyists win, consumers lose.
The Chinese industry, especially the automobile industry, is heavily state-funded, both for domestic and geopolitical issues.
And it is all aimed at killing other parts of the world.
The sooner we understand this, the sooner we won’t be fooled.
Great news. An unfortunate but necessary move to protect our industries from unfairly subsidised EVs.
European carmakers are delighted because now they can purposely delay their cheap electric cars and continue selling expensive electric cars since they are more profitable.
“We need to battle climate change!…. Unless it affects your money”
Really hope Australia doesn’t copy them. I’m planning on buying a BYD electric or Hybrid car
Cant compete, better impose Tarriffs.
If anybody wants to see the other side of the argument:
[Friedman on Japanese Steel Tarrifs](https://www.youtube.com/watch?v=j0pl_FXt0eM&pp=ygUfbWlsdG9uIGZyaWVkbWFuIHN1YnNpZGllcyBzdGVlbA%3D%3D)
Now eu citizens will continue to get shafted and pay exorbitant prices for half arsed EVs made by complacent european car manufacturers…
thank you EU for bringing even more expensive cars to your citizens . Bravo!
But we’re gonna work on making our industries more efficient and cost-competitive too, right?
Because you kinda need that in order to actually be a viable choice. China has long since dropped the ‘cheap low-quality trash’ label, and they’re capable of very impressive stuff. My Xiaomi phone lasted me longer than any phone I had before, and I’m currently using Edifier headphones, which have surprised me very pleasantly.
I want to support European and national bussinesses, I really do, but costs of living aren’t getting any easier to keep up with.
You don’t protect yourself just by red taping everything that’s causing you trouble. We need to do better and do more, and w should’ve started decades ago.
Good for European companies, bad for European consumers and the climate.
This is a good thing….and here’s why.
The CCP is an increasingly hostile foreign government that is actively engaging in economic warfare and Military-Civil Fusion as a means of readying itself for what it believes to be a conflict of supremacy against, “”The West”.
….so why invest in the PRC, then?
Now that China will retaliate against each EU country with tariffs, the EU must stand up to China as a unit instead of being divided.
The tariffs must be higher. The Europe have the right to protect herself.
What about all the manufacturing capacity that is already here? Chinese own so much in Europe rendering these tariffs pretty much show for the public.