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EU may slap retroactive tariffs on Chinese EVs as Commission finds evidence that China has been “unfairly” subsidizing its EV exports (electrek.co)
submitted 8 months ago* (last edited 8 months ago) by 0x815@feddit.de to c/europe@feddit.de
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The European Commission says China hasn’t been playing fair in that its government has been paying subsidies through “direct transfer of funds,” among other actions, reports Reuters – which the EC says tips the balance in China’s favor and leaves European automakers out to dry.

Back in October 2023, Europe launched its formal investigation into the Chinese EV industry, as European companies are struggling to compete with the cheap, high-tech Chinese imports, made by low-cost labor, entering the European Union.

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[-] 0x815@feddit.de 5 points 8 months ago* (last edited 8 months ago)

@dumpsterlid

By this logic buying any modern electronic devices or tools is not acting accordingly.

This is largely true, and it is largely true because a lot of modern electronic devices -or at least some of their parts- are 'Made in China'.

Europe must urgently work to gain back its production capabilities and force out any unfair competition, whoever this is or will be.

this post was submitted on 08 Mar 2024
164 points (97.1% liked)

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