China squeals as EU finally challenges car dumping

China squeals as EU finally challenges car dumping


The tariffs focus on Chinese electric vehicle manufacturers and will be imposed at rates between 17% and 35.3%, depending on the manufacturer. These rates were finalized Wednesday after the EU-China negotiations, which had been underway since July, failed to reach a compromise. The EU action is necessary because Chinese EV manufacturers are very heavily subsidized by the Chinese government.

China is relying on these subsidized exports in an effort to dominate the European marketplace. It needs these exports in order to offset a continuing malaise in the Chinese economy. Once a powerhouse set upon a seemingly inexorable rise, China’s economy is now weighed down by heavy debt, high youth/graduate unemployment rates, excessive regulation, and politically motivated interference against private commerce. Foreign investment is declining, and

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