The European Union has decided to target Chinese electric cars. The speech by Ursula Von Der Layen, President of the Commission, in which she announced that she wanted to launch an “anti-dumping investigation” caused a lot of discussion and obviously there was no shortage of controversy. From China, as expected, it is came a harsh reaction to the European initiative.
The Chinese GovernmentHe also warned that the investigation by the European Union could have a negative impact on economic and trade relations between the EU and China. In particular, the Ministry of Commerce of Chinatalks about an initiative put in place by the European Union solely to "protect its industry in the name of "fair competition" ". For the Chinese Ministry it would only be “a pure protectionist act that will interrupt and it will distort the global automotive industry and supply chain will be seriously affected and will have a a negative impact on economic and trade ties between China and the EU.”
Furthermore, he adds that “China will lend pay close attention to the EU's protectionist tendencies and follow-up actions, and will protect firmly defend the rights and legitimate interests of Chinese companies.”
Criticism also from the China Passenger Car Associationwho said the nation’s electric vehicle export boom is not a success. This is due to the fact that the industry has received large subsidies, but the fact that the Chinese supply chain is highly competitive.
The news of the start of the investigation by the EU also brought some considerations from analysts who warn of possible reactions from Beijing. For example, analysts at the Eurasian Group have warned that if Brussels eventually imposes tariffs against subsidized Chinese electric vehicles, Beijing would likely impose countermeasures to harm European industries.
REACTIONS FROM EUROPE
The news of the investigation is was welcomed positively by France which for some time, as we know, has been putting pressure on European leaders to adopt measures to defend European manufacturers from Chinese ones and beyond. As regards Italy, from Minister Salviniwho has long pointed the finger at China's policies, is a sarcastic comment arrived through his social channels.
The markets are invaded by Chinese electric cars, says Von der Leyen, president of the European Commission, today. But who would have ever thought? The League has been reporting this risk for YEARS, where was Europe? Now the question I ask myself and you is: are they distracted, incompetent or complicit?
From Germany, however, after the doubts raised by the VDA, an association that brings together German car manufacturers, which fears repercussions for European automotive companies operating in China, the Government welcomed the news, speaking of unfair competition from China and the need to to intervene if the investigation demonstrates violations of international trade rules.
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