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!
mcvos on
Because we can’t have cheap electric cars competing with more expensive petrol powered cars we’re making in Europe.
bloomberg on
*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.
ShiroJPmasta on
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.
vanKlompf on
European producers are relieved. They can continue building low spec, expensive EVs.
mrlinkwii on
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
Soap_Mctavish101 on
So there will most likely be reciprocal tariffs, right?
CS20SIX on
good look on carbonizing our roads then, you effin dorks.
Kasnudl37 on
So basically europeans suffer from higher prices because local companies couldn‘t keep the global pace..
HallInternational434 on
Fantastic news
lawrotzr on
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.
LeBr0wn on
Is anyone aware that this also effects cars built by european companies built in china … iirc the most affected brands are german ones.
MIGHTY_ILLYRIAN on
Car lobbyists win, consumers lose.
antosme on
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.
H4rb1n9er on
Great news. An unfortunate but necessary move to protect our industries from unfairly subsidised EVs.
ProfessionalAd352 on
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.
xxpegasxx on
“We need to battle climate change!…. Unless it affects your money”
IHaveNeverEatenACat on
Really hope Australia doesn’t copy them. I’m planning on buying a BYD electric or Hybrid car
Professional_Area239 on
So so stupid. Now consumers will have to pay EUR40k for a low spec German or French car with low range and shitty engine when they could have gotten a full-spec BYD for EUR20k.
VindicatorTechmarine on
Cant compete, better impose Tarriffs.
anynonus on
Oh, that’s more than the subsidie we get for buying chinese EV’s
EntrepreneurWeak6567 on
Nobody asked for that.
Interesting that the EU can’t get a hold of big corporations avoiding taxes in the EU but if the consumer could benefit from the international free market competition, they intervene…
Dev__ on
If anybody wants to see the other side of the argument:
23 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?
good look on carbonizing our roads then, you effin dorks.
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
So so stupid. Now consumers will have to pay EUR40k for a low spec German or French car with low range and shitty engine when they could have gotten a full-spec BYD for EUR20k.
Cant compete, better impose Tarriffs.
Oh, that’s more than the subsidie we get for buying chinese EV’s
Nobody asked for that.
Interesting that the EU can’t get a hold of big corporations avoiding taxes in the EU but if the consumer could benefit from the international free market competition, they intervene…
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)