The European Union voted on Friday to impose tariffs as high as 45% on electric vehicles from China, threatening a broader trade conflict with Beijing which has already vowed to protect its companies.
@yogthos@geneva_convenience These tariff rates are calculated on a per manufacturer basis based on the subsidiaries that these manufacturers receive from their country. So it just restores the competition.
Chinese brands aren’t receiving 45% subsidies last I checked. However, this would be a dumb way to try and restore competition since it just punishes consumers in Europe.
Consumers need to wake up. I’d rather pay a lot more for my car rather than:
A) rely on Chinese people exploitation on low pay and no work rights
B) no environment protection in China
C) generally lower quality
D) killing jobs in Europe
E) making Europe depend on China
When capitalism is distorted, then the state must intervene
@yogthos @geneva_convenience These tariff rates are calculated on a per manufacturer basis based on the subsidiaries that these manufacturers receive from their country. So it just restores the competition.
Chinese brands aren’t receiving 45% subsidies last I checked. However, this would be a dumb way to try and restore competition since it just punishes consumers in Europe.
Consumers need to wake up. I’d rather pay a lot more for my car rather than: A) rely on Chinese people exploitation on low pay and no work rights B) no environment protection in China C) generally lower quality D) killing jobs in Europe E) making Europe depend on China When capitalism is distorted, then the state must intervene