Europe In Shock As China's Revenge Plot Strikes Hard, EV Showdown Escalates | This Is Huge!

Europe In Shock As China's Revenge Plot Strikes Hard, EV Showdown Escalates | This Is Huge!

The trade tensions between China and the European Union (EU) have really heated up lately. It all stems from disputes over subsidies and tariffs. The EU has been investigating several key Chinese industries, like wind power, solar panels, and electric vehicles (EVs). They're worried that the Chinese government is giving unfair advantages to domestic companies in these sectors through its support and subsidies.

To try to balance things out, the EU has started imposing provisional tariffs of up to 37.6% on Chinese-made EVs, which went into effect on July 5th. But China isn't taking this lying down. In a tit-for-tat move, on July 10th, China's Ministry of Commerce (MOFCOM) launched its own investigation. They want to see if the EU's investigations into Chinese companies are actually creating unfair "trade barriers" that violate the economic treaty between the two sides.

This Chinese investigation is covering a range of industries - things like railways, solar, wind energy, and security equipment. It was prompted by complaints from Chinese business groups. MOFCOM says they plan to wrap up the investigation by January 10th, with a possible 3-month extension.

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China wants to know if the European Union's actions against Chinese companies should be considered "trade barriers." This could really shake up how the two economic powers do business with each other. If they conclude that the EU's moves - like slapping tariffs of up to 37.6% on Chinese-made wind turbines, solar panels, and electric vehicles (EVs) - are violating their economic agreement, they have a few options.

They could try to negotiate directly with the EU to address the issue. Or they could take the dispute to the World Trade Organization for a multilateral resolution process. China has also warned that they may take "other appropriate measures" - which could mean imposing their own retaliatory tariffs or other trade restrictions on European goods. These escalating trade tensions have the potential to seriously strain the business relationship between China and the EU. The back-and-forth of new tariffs and regulations from both sides could disrupt important industries and cost jobs on both sides.

For example, the EU's provisional tariffs on Chinese EVs could undermine the competitiveness of Chinese automakers in the European market, forcing them to seek out other export destinations. And their own investigations into European pork and brandy imports could hurt European producers and exporters. Beyond just the direct economic impacts, this tit-for-tat trade dispute also aligns with the broader trend of economic decoupling between China and the West. This could lead to the fragmentation of global supply chains as companies are forced to reconfigure their operations.

Ultimately, the outcome of this investigation and the subsequent negotiations between the two sides will be crucial in determining the future trajectory of their economic relationship - and the ripple effects it could have on the global economy. The European Union has been looking closely at a few specific situations involving Chinese companies in the renewable energy and transportation sectors.

For example, the EU has started an investigation into Chinese wind turbine makers operating in Germany. They want to see if these Chinese firms are getting unfair help from their government, which allows them to underbid European wind power companies when bidding on projects. The EU has also looked into cases where Chinese companies have bid on other infrastructure projects in Europe, like a big solar farm in Romania and a train deal in Bulgaria. Again, the concern is that the Chinese firms might have an unfair advantage from government support.

Remember, the EU recently put temporary tariffs of up to 37.6% on electric vehicles imported from China. This seems to be having an impact - Chinese EV exports to Europe dropped 13.2% in June, the third monthly decline in a row. Experts think these EU tariffs could make it harder for Chinese automakers to compete in the European market, so they'll have to look for other places to sell their cars. This could create problems for China's shift to electric vehicles and lead to overcapacity in regular gas-powered cars.

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[tomjeffersonwasright]

Ursula has been taking leadership lessons from Joe Biden.

[janvanrenesse]

Von der Leyen: "we will defend our economy". Why then did you let USA destroy the Nordstream pipeline?

[ericwong]

When u can't compete, u impose tariffs and make up charges to justify your actions.. and the eu hasn't shown any real evidence of subsidies, which eu also do the same thing subsidising French farmers and German industries

[tupperlake]

As people living outside of China and Europe develop opinions, there will be unexpected consecquences. As individuals develop opinions, they will express them when they make purchases. Europe can control what Europe buys, but not residents on other continents.

[KGopidas]

EU is conceding technical defeat and Inability to progress?

[jakobbergen]

Shouldn’t cheap EVs and solar panels help protect the environment?

[andrewlin]

EU should Stop complaining about global warming

[TheGippy]

The people elected to power throughout Europe are protecting big EU car manufacturers, whilst denying their citizens access to cheaper new cars, what ever happened to survival of the best and freedom of choice to everyone

[luffytaz]

I cannot seem to get my head around stopping Chinese products. As a consumer if Chinese government provides subsidies to Chinese made goods so that these goods are cheaper to buy for consumers are we not actually benefiting from it? Subsidies comes in many forms but I believe they all have financial value to it so in other words the Chinese government is paying for Chinese manufacturers so that they can produce their goods cheaper and then me as an Australian consumer (mind you we have pretty bad cost of living crisis here at the moment) can benefit from cheaper products I don't see any problems with it. Why are governments slapping tariffs to make them more expensive?

[michaelsilva]

EU is heading towards becoming a group with third world countries

[chukwumaoriuwa]

What is wrong with government subsidies. The US gives $1Trillion Dollars yearly to arms manufacturers. The have given Elon Musk Billions of tax-money for sub-standard EV.

[roninnotasheeplikeyou.]

Thank you Robot Biff for this most informative update! 👍

[mgronich]

This video keeps repeating itself multiple times.

[peterazlac]

There is only a limited market for Chinese EVs in Europe with the virtue signaling section of the population. Ordinary citizens cannot afford EVs and especially the high costs of power to charge them when as in most situations in cities their cars are parked on the street and must use expensive private charging stations. Add in the high costs of insurance due to the risk of battery fires and of repairs plus the fact that the national and local grids do not support the level of power supply even now without the three fold increase required by 2035 as the fleet becomes largely EVs, AI is popular and tokenization increases demand for computer farms and both industry and domestic users are restricted to electrical power. This assumes there is enough rare earths and copper mined to expand the grid and build the wind and solar units which there isnt and what there is China largely controls.

[zsoltzsolt]

Doesn't matter which car I'm driving is Chinese car is good I can drive that example is that🎉

[jamesruscheinski]

God sovereignty of central authority unity provides free will for people confederation to make choices for God

[marekeisenman-soletraderco]

Why this woman is speaking english language at all..? UK is not the Eu member whatsoever!