日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

Global EditionASIA 中文雙語Fran?ais
World
Home / World / World Watch

European EV policy against Beijing may backfire

By Tom Fowdy | China Daily Global | Updated: 2025-01-03 09:01
Share
Share - WeChat
Vehicles from Chinese brands wait to be exported from a port in Suzhou, Jiangsu province. [Photo provided to China Daily]

Some European Union countries last year voted to impose tariffs on electric vehicles imported from China. The vote can't be described as a consensus because less than half of the member states voted to do so, with the rest either opposing or abstaining. The levy does not just cover EVs made by Chinese firms, but also those made in China by European firms and imported back, notably, Germany's Volkswagen. China immediately reacted by launching a dumping probe into European brandy exports, and will presumably counteract a number of other exports too.

The tariffs on Chinese-made EVs originated from the European Commission, headed by Ursula von der Leyen, who has adopted an increasingly aggressive Atlanticist foreign policy since 2022. Her decision to blindly follow the United States has harmed the strategic autonomy of the EU considerably and overwhelmingly diminished the competitiveness of European industry. Now, the decision to initiate a trade conflict with China will be another hammer blow to the EU's growth, pursuing unrealistic protectionist goals that the European industrial base is simply not capable of attaining. All signs point to this being a strategic disaster for the bloc.

The eurozone economy, defined as the states in Europe that are economically integrated under the euro currency, grew by only 0.7 percent in 2023. Its growth forecast for 2024 is between 0.5 and 1.2 percent.

For Germany, its largest economy and most significant industrial state, the scenario is even worse, with an expected GDP contraction of 0.2 percent. The stagnation of the eurozone is largely attributed to the surge in energy costs derived from the implications of decoupling Russian energy as a broader consequence of the conflict in Ukraine. This has caused production costs of European industry to surge, which has undermined its competitiveness and led to the phenomenon known as "deindustrialization".

The EU has long complained about the "lack of market access "in China. Initially, the solution to this was to negotiate a mutually reciprocal solution that was known as the EU-China Comprehensive Agreement on Investment, which would offer greater European market access within China in exchange for the EU's upholding the status quo. This agreement was negotiated at the end of 2020, but following a comprehensive propaganda campaign by the US, aligned with the United Kingdom, the deal was scuppered as they successfully drove a wedge in EU-China relations and created opposition to it.

Since that time, von der Leyen has scuppered the deal altogether while simultaneously complaining about the "lack of market access", instead trying to use tariffs and coercion to force unilateral concessions. When viewed in this light, China has been reasonable, but the EU has not. However, it must be stated that this decision will be hugely damaging to the respective EU economies. First of all, owing to the energy crisis and the smaller scale of Europe's industrial base visa-vis China, it simply is not possible for European companies to manufacture electric vehicles at the scale and affordability of which they are available from China.

This is not in fact a product of the so-called subsidies but simply economic reality. The surge in electric vehicle imports from China is happening because there is, owing to the EU's emission and renewable goals, large-scale demand for EVs, and domestic markets are not capable of meeting that demand. China is the only country in the world that is capable of serving the broader demand for such cars, yet out of political motivations it is depicted as "market distortion "and "unfair competition". As a result, the imposition of tariffs will not benefit domestic manufacturing, but will simply make the entire market more expensive for European consumers, contributing to the inflation crisis that has gripped the continent over the past few years.

Likewise, China's tariff measures will hurt European companies that rely on China as their largest export market. It should be made clear that the design of the European Commission to take this path is a "lose-lose" for itself. Europe should stop provoking geopolitical conflict and negotiate a mutually favorable solution because for the past few years, the policies emanating from Brussels have been nothing short of self-destructive, undermining the global competitiveness and affordability of European countries.

The author is a British political and international relations analyst.

Most Viewed in 24 Hours
Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 日本午夜激情 | 综合自拍偷拍 | 成人性毛片| 日本中文字幕在线观看视频 | 久久手机免费视频 | 亚洲欧美日韩中文在线 | 国产黄色在线免费观看 | 欧美一级一区二区三区 | 欧美色图亚洲天堂 | 四虎国产精品永久免费观看视频 | 午夜大片 | 日韩欧美高清 | 色爽网站| 精品免费在线 | 写真福利片hd在线播放 | 成人在线小视频 | 免费在线观看视频 | 欧美日韩国产片 | av视屏在线 | 婷婷综合在线观看 | 黑人啪啪 | 日韩伦乱视频 | 国产免费一区二区三区 | 国产 欧美 精品 | 高清成人综合 | 五月激情天| 国产精品久久久久久久午夜 | 成人夜间视频 | 中文字幕观看 | 美日韩在线 | 国产精品二三区 | 偷拍97| 国产成人99久久亚洲综合精品 | 日韩毛片网站 | 四虎永久 | 一道本在线 | 一级做a爰片久久毛片潮喷 亚洲欧美一区二区三区久久 | av在线免费观看网站 | 四虎国产精品永久免费观看视频 | 免费久久久 | 亚洲久热 |