"We are going through a difficult time," French President Emmanuel Macron lamented at the Paris Motor Show... "If certain manufacturers in China receive subsidies, it is normal to introduce tariffs to compensate for this. Otherwise, you are not playing by fair rules." This reflects Macron's view on necessary protective measures for European firms against unfair competition, particularly from subsidized Chinese manufacturers amidst a challenging European market.
At the beginning of October, the European Commission decided to introduce additional tariffs on electric cars manufactured in China. While many EU members supported this move, Germany voted against it, indicating divisions within the EU on how to approach the Sino-European trade relationship and reinforcing ongoing tensions in a potential trade war.
The "Made in China" e-car has the potential to trigger a full-on trade war between China and the EU... All German carmakers, including BMW, are against the punitive measures on imported electric vehicles. BMW believes in free trade as a fundamental principle and does not support EU tariffs, highlighting the conflict between government policy and automotive industry interests.
China last week slapped provisional tariffs on brandy imported from the European Union, and it's also conducting an anti-subsidy probe targeting the bloc's dairy sector, indicating an escalation in retaliatory measures and demonstrating how quickly both sides can respond to perceived threats in this increasingly fraught trade relationship.
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