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+--- Thread: EU says it is unafraid of trade war with China (/Thread-EU-says-it-is-unafraid-of-trade-war-with-China)
EU says it is unafraid of trade war with China - Levin - 16-09-2023
16 Sep 2023 01:02AM
(Updated: 16 Sep 2023 01:08AM)
SANTIAGO DE COMPOSTELA: The EU insisted on Friday (Sep 15) that its economy could survive any retaliation from China, after Beijing warned that Brussels' probe into Chinese electric car subsidies would harm trade relations.
Europe put itself at risk of a trade war when European Commission president Ursula von der Leyen announced the anti-subsidy investigation on Wednesday, accusing China of keeping car prices "artificially low by huge state subsidies".
The investigation could see the European Union try to protect European carmakers by imposing punitive tariffs on cars it believes are unfairly sold at a lower price.
The day after von der Leyen's announcement, the Chinese commerce ministry hit back at the EU's "naked protectionism", and said the measures "will have a negative impact on China-EU economic and trade relations".
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But Brussels also faces challenges from its ally across the Atlantic.
Last year, the United States passed the Inflation Reduction Act, which directs some US$370 billion in subsidies towards America's energy transition, including tax breaks for US-made electric vehicles.
https://www.channelnewsasia.com/world/eu-unafraid-trade-war-china-3774651
RE: EU says it is unafraid of trade war with China - Migrant - 16-09-2023
First to go... US
Next.............. Canada
Follow by..... EU, Japan and South Korea,
Eventually.... The Great Britain.
Announcing the arrivals of......
No. 1 People's Republic of China
Next Russia, Iran
Follow by.. North Korea,
The red dot... SINGAPORE..
RE: EU says it is unafraid of trade war with China - winbig - 16-09-2023
China make and sell things cheap which is good for consumers. But those ang moh die die want to mark up and make things expensive and squeeze the consumers. Why like that?