3 MINS AGO: China's BIG Decision Shocked the EU: What the Hell is Going On?
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- Опубліковано 19 вер 2024
- China's unexpected retaliation to the EU's electric vehicle tariffs has taken Europe by surprise. Instead of targeting the automotive industry, China has launched an investigation into European dairy imports, focusing on products from key countries like Ireland, Italy, and Belgium. This move, which could disrupt €1.7 billion in dairy trade, raises the stakes in EU-China trade tensions. How will this impact the European market, and what does it mean for the future of EU-China relations?
#China #EU #ElectricVehicles #DairyTrade #TradeTensions
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/ @blowmeai
When China isn’t in the car market, they never complained, now they can’t compete with China cheaper and better cars, they accused China of unfair practices. What a joke!
Of course they would. Are you aware what makes China being able to compete?! Enslave their own people. EU doesn't want to degrades it's society to inhumane conditions just for a trade competition.
@@DobrevBobi Typical Western propaganda. Now where is your evidence? Western propaganda sites? Enslaved people don't make quality products. But why don't you talk about US prison labor slavery? At least there is actual evidence.
@@DobrevBobiWorking 3 jobs just to survive is not slavery
@@DobrevBobi😂😂😂😂 when the Americans Companies paid 2 dollars to people in any poor countries people like you are so happy to consume those items..dont try to gaslight the intention here, they don't give a damn about people in poor countries o any country as long as it doesn't affect their interest and that includes americans consumers.
@@mariaaballi-gonzalez3716 if that is not slavery? what is?
What did they expect! China defends its interest! So tired of the EU. They think that can rule the world!
It's the European oligarchs of billionaires that are pulling the EU strings.
The prejudicial generalization that China produces and floods the market with “cheap products,” and that the government subsidizes companies is utterly ignorant and hypocritical.
Buying from Alibaba is essentially pot-luck.
Free trade when you win, tax them when you cannot compete. These make one think about the other subjects about democracy and human rights?
The US talking about democracy and human rights is a joke. They're the worst human rights offenders ever.
West is a joke !
Funny but true
So never believe in Westerner sweet talks
Don't buy Israeli, American, Taiwan, South Korea,Britain, Germany, Hungary,and NATO countries electronics parts, households stuffs, mobile,pager ev bikes communication devices,,walki talkie,tv, washing machine laptop,computer, microwave oven,cars,charger, and Aeroplane,fighter jet,each and every deffence product electronics communication satellite which in use in navy army air force is a bomb and each and every country of world are use it buy paying your hardearned money it kills your children, woman older men everyone are underattack in simple way you carried out bomb through all this things before through this products they only servilance you and your countries ,company, deffence sector your home but after lebanon terror attack these terrorist America Britain israel south korea,taiwan nato killed your loved once you are under surveillance and under attacked too so stop using purchasing ,buying these countries any electronics products and parts and machinery,cars each and every products you are not safe they kills you your family babies children woman older,men any time
Stop using these countries products 💯💯💯
EU in self destruct mode
VD Leyden is useful for the USA.
Good, take down the eastern European nazi attitude
@@nelsonc3984 Precisely - she is planted in the EU by U$. Somehow VD reminds me of venereal disease.
@@nelsonc3984 the whole western countries in self destruct mode because of democracy and the politicians who voters elect
finaly retaliating against people that don't have our values. Why was EU even trading with them or allowing their nationals in Europe is the primary question
waste of time - without China , No batteries , no rare earth magnets . basically play the tariff game guess who's going to win that .
You wish.
China and Russia must always stick together
China is a totalitarian regime and totally control their citizens and the West is following suit
Russia will very gladly supply China with pork, beef, wheet etc., and any dairy products which have until now been supplied by the EU .
Looks like it. I use to go to Europe 6 times a yr, this yr. Twice in Moscow and not once to Europe
For many decades that European car companies have made so much money in China. At that time China never complained.
In 2008 I bought a BMW 740 in Shanghai, it costed me over $US200,000, last year I moved to Shenzhen, all my friends in China are not interested in German made BBA anymore, so I followed them and bought a Chinese made EV, not cheep though, I think it's a better luxury model. The point is, the Europeans especially Germans should ask themselves why, the answer is definitely not about money.
China is not vegetarian or made of plastic
@@harryni2162 Not to sound racist but the concern should definately be on safety. The amount of chinese Ev's burning is not a joke, especially after a automaker admitting to buying it's battery from a small factory with subpar practise just to widen margin. While Eu manufactures have to consider safety before anything or it'll be just piled up with lawsuits(Something I'm not sure you could in china).
@@kanekiken-san3674 just hang on to your dream for as long as you can. nothing helps your competition like a sleeping opponent.
@kanekiken-san3674 I'm not worried about that at all, it's not even 1 in 100 millions for electric cars, last incident I heard was 12 years ago it happened in Shenzhen in a car crash, my friend a battery expert was involved in the investigation, since then they changed regulations and make better batteries that will not burn even in car crashes, check and ask dealers, they won't lie to you. And I heard some reports on electric scooters had burnt due to iregulatary manufacturing problems, but not on EV cars, Chinese people won't risk their lives if it has safety issues. 😂
17 years ago, when China offered subsidy to car makers to make EVs, Mercedes, BMW, Audi, Toyota, Ford, GM and Chrysler all rejected the offer because they thought thag EVs were just gadget toy and would soon be abandoned by the consumers. BYD, a maker of mobile phone batteries, decided to take the challenge and jumped right into EV manufacturing. It is all history. So who should you blame? The short sighted Europeans, American and Japanese car makers?
You cant expect them to blame themsleves, always somebody else's fault.
And EF are just gadgets, not usefull for the real man's work.
@@RUHappyATM U mean Elen Musk is a stupid man?
Please point out which EU country didn't subsidized its industries? Also please compare consumer spending between EU countries and China by actual numbers and spending growth. If EU spending growth is less than China, there is no ground to blame China, if your spending is also less than China, what is the point to blame China? If your energy cost is much more than China, go blame your governments and politicians. If you are wasting money on wars and invading other countries instead on your own people and technologies, blame yourself because you are supporting your governments' decision. Did China invade EU countries before or EU countries invade China before？ Who is actually a threat to the other one? Are you been forced to learn Chinese or English? Please open your mind and travel the world. You guys always talking about freedom of anything. You can have your own capitalism, but why force others to be the same as yours? Everyone is different, one system won't fit all.
Its to much Truth in a single comment , Love from Pakistan❤❤❤
When China can produce better products than the western countries it is always subsidized. The truth the west don't like competition much more from China, a new economic power.
China's EV are now the best in the market with the best price. They have nothing to worry about... So hitting the EU in their different sectors of their economy is the way to go.
EU can also suside their dairy products.
@@francisleu6382
I bet they won't.
And the government subsidy to Chinese EV vehicles is deliberately exaggerated by the US and Europe to justify the EV tariffs.
@@ytfanlingeric The US subsidizes the auto industry, oil companies, etc.
@@Luming-di9rf That is the usual US way of dealing with matters: The US standard and the "rest of the world" standard.
I don’t know about being the best, but agree with being cheapest. Since most world products were made in China, they are all junks. I don’t think their automobiles are any different.
CHINA , MUST NEVER BE BULLIED BY THOSE THINK THAT CHINA IS WEAK !
OTHER COUNTRIES MUST NEVER THINK LOVE FOR WEAKNESS FROM CHINA !!!
China is bonded to the WHO and none of the Chinese citizens have rights anymore. Lmfao
Yes baby. ❤ China.
China is weak, the right tariffs will very quickly cripple China. A look at china's military is all telling. Even with all the bits and pieces of stolen blueprints and schematics of top secret military tech China did it's very best to make fighter jets for example. And they are completely useless. America has intercepted, closed the gap and flown wing tip to wingtip multiple timed now with F 22 and F 35's completely undetected. That means China uses machine guns with line of sight targeting in their heavy back ended jet against super maneuverability and thrust vectoring. But that doesn't matter because they would be blown out of the sky without warning. Aircraft carriers😂 even worse. Is the new one still broken? They are blind as a bat under water, it's been proven. That is the result of cheating the learning process. Now, they have to learn the hard way, backwards.
China's EVs are not cheaper, they're less expensive.
I am always impressed by the Chinese diplomatic tactics.
That's the difference with the West, when the US can't get what it wants it sends bombers and the military. China uses the smart way.
Sun Tze, the art of War
China and Russia are the adults in the room
@@nhlanhlazwilakheshembe8139 Yes, they use a BULLDOSER, WIN WIN ALL CHINAS WAY🤣🤣🤣
Go China Go! Countries like Ireland should think about why their trade with China is in jeopardy because the EU wants to protect car production in other EU countries. The citizens of Ireland are getting what they voted for and deserve I guess.
Perhaps EU countries should try Chinese recipe since clearly the recipe they are using now isn't working very nicely.
Agreed
Europe should give subsidies to European companies to serve humanity instead of putting tariffs
as if the EU does not subsidize certain sectors, individual countries in the EU also subsidize their industry. nobody wins trade wars.
These EU were just enjoying their "garden" and the promotion of military bases and wars in Africa and other 3rd world countries for the looting purposes and they were so confident that they're the most intelligent people on earth. China is proofing they're WRONG!
Viva china go for it world waiting change all behind you!!!!
China is three steps ahead of the EU strategically. Chinese expansion in specific essential industries over the last 5 years plus a culture of innovative practices means China will become less dependent on EU for some imports. Some Chinese exports have declined for its own benefit, eg, rice. As consumer spending decreases across the EU because of higher costs & taxes, unemployment is likely to go up. Germany will be hardest hit because it was dependent on Russia, eg, cheap gas & oil, & China, eg, exports of manufactured goods. This is all about the USA who have always seen Russia & China as enemies even though they are not a real threat. US is the aggressor & architect of what happens. Its self-harm on a massive scale & is bad for citizens & consumers.
What goes around comes around!
WHY TRADE WITH THEM WHILE EU TREATED CHINA AS ENEMY??????
time to tame the west
LOL---Good LUCK many before you have tried. LOL ahahahahhahahhahahah
@@Bearfacts01Don't buy Israeli, American, Taiwan, South Korea,Britain, Germany, Hungary,and NATO countries electronics parts, households stuffs, mobile,pager ev bikes communication devices,,walki talkie,tv, washing machine laptop,computer, microwave oven,cars,charger, and Aeroplane,fighter jet,each and every deffence product electronics communication satellite which in use in navy army air force is a bomb and each and every country of world are use it buy paying your hardearned money it kills your children, woman older men everyone are underattack in simple way you carried out bomb through all this things before through this products they only servilance you and your countries ,company, deffence sector your home but after lebanon terror attack these terrorist America Britain israel south korea,taiwan nato killed your loved once you are under surveillance and under attacked too so stop using purchasing ,buying these countries any electronics products and parts and machinery,cars each and every products you are not safe they kills you your family babies children woman older,men any time
Stop using these countries products 💯💯💯
@@Bearfacts01Don't buy Israeli, American, Taiwan, South Korea,Britain, Germany, Hungary,and NATO countries electronics parts, households stuffs, mobile,pager ev bikes communication devices,,walki talkie,tv, washing machine laptop,computer, microwave oven,cars,charger, and Aeroplane,fighter jet,each and every deffence product electronics communication satellite which in use in navy army air force is a bomb and each and every country of world are use it buy paying your hardearned money it kills your children, woman older men everyone are underattack in simple way you carried out bomb through all this things before through this products they only servilance you and your countries ,company, deffence sector your home but after lebanon terror attack these terrorist America Britain israel south korea,taiwan nato killed your loved once you are under surveillance and under attacked too so stop using purchasing ,buying these countries any electronics products and parts and machinery,cars each and every products you are not safe they kills you your family babies children woman older,men any time
Stop using these countries products 💯💯💯
Due to relentless marketing, promotion by mass media, and corporate control of politicians, European dairy is greatly overpriced.
Probably full of dirty chemicals from fertilisers and pesticides
EU always wants to make the most money, if anyone else progressing, EU can't stomach it! 🤣🤣
Tariffs are nothing more than an additional taxes on imported goods which are charged to consumers purchasing these goods making these goods that much more expensive to purchase.
Norway has no tariffs on made-in-China EV and in fact welcomed them to meet their 2030 target to at least a 55% reduction below 1990 levels.
We don't have rights . Money rules
Good luck with high prices EU, you done that to yourself, the rest of the world doing just fine with the Chinese.
CHINA WILL INCREASE THE DAIRY PRODUCTS IMPORT TARIFF LIKE CHEESE, PORK, BEEF, WHITE BRANDY, FISH ETC. 👍👍👍
Brandy, champagne, luxury goods which EU is having over capacity.
Well done, China. EU often doesn't know the damage they inflict on others.
Eu greedy
its easy, so american and european governments CAN DO THE SAME THING, and since they are richers, can SUBSIDise almost every industries. or not, and just go bankrupt.
They already subsidize and have been doing so for decades.
In our country industries get many subsidies in all forms even when they take new unemployed people from the market. Qiu bono?
don't pelt stone if your home is glass windowed.😅😅
Those who live in glass house should not make love without drawing the curtains.
It’s a bit rich for the EU to accuse others of subsidies, isn’t it?
Here we have, the champions of free enterprise. Incapable to compite, honestly.
Imagine the complaints when China out sells commercial planes!! China is selling 4th generation nuclear reactors. Imagine Thorium modular nuclear reactors being shipped to the rest of the world to provide electricity that couples with wind and solar!!
Maybe the Chinese are not as greedy as the west when it comes to pricing
TARIFF IS TO PROTECT INFANT INDUSTRY NOT THE DYING INDUSTRY AS IT IS BEING USED TODAY
Old story: "We can't compete, so you're cheating!" How about, "You're smarter, more efficient, more innovative." ? Never!
EU should criticize themselves, should not blame China who want to be strong in economy. Is EU blind, didn't see Chinese people work hard to provide affortable products to the world? It's good for this world.
Europeans accused the others fo being subsidized but they subsidise their own industry and agriculture very heavily. So now, China can in kind impose tarifs on European diary products and, also can aim luxury leather products from France and Italy.
Thanks for giving us an in-depth look at the manufacturing capabilities in China. 👏👏👏
Action and reaction are opposite and equal.
European racists!!!
Did he mention the better quality of the BRD EVs. In US the tariff is 100% . That's why you probably won't see any of them .So we are stuck with crappie Teslas😅
Anyone remember when EVs were only for a better environment and cleaner air and never about money they said? Trust your democratic leaders more?
The nerve of the EU to accuse China of subsidies. The biggest subsidies are by the EU. I remember decades ago, the Common Agricultural Policy resulted in European farmers over producing butter and wine, so much as that it resulted in butter mountains and wine lakes; while millions in the developing countries are starving.
Bravo China. 👏 way to go.
I hope we africans can learn from the chonese example!
Chinese EVs are more advanced and a better overall product than western EVs.
scrap the EU
Salute and respect to China
The US. System of government has a major flaw: short term thinking. This is the cause of many of our problems. We have citizens who are very sharp but because of the swamp in DC these talented folks opt for staying away from DC, making some money, putting little Johnny thru school and retiring early.
I remember when US auto manufactures had an EV program way back in the 90's. They were way ahead of the Chinese and suddenly one day they destroyed an EV program called the EV1. They recalled them all, sent them to the junk yard and crushed them all😢. Looks like CEOs wanted to make more money on gas-guzzling SUVs. Now we are complaining that China represents unfair competition in EVs....and we want taxpayers to give the auto companies billions to jump start the US EV industry.
If we can tweak our system and develop national priorities that transcend the 4-year election cycle and the quarterly reporting cycle, this would go a long way in creating a foundation for competing globally.
China doesn't need the EU, the EU needs China 😂
What . Greed . The big one control controls. We all loose. The consumers.
please read your facts. the US has alone refused to approve key appointments in WTO stopping proper function
Superpower China has a huge markets in Global south,Africa and latin American nations. Effect of avoiding with US and EU doesn't affect superpower China. Insted China must concentrate over Indian markets by resolving ther border issues with India by bilateral talks. Superpower Russia must help China and India in reolving their disputes.
Agreed
And I want to add
If we look at China they have enough extra land without population
Same in India
Same in Afghanistan
Same in Pakistan
So why they are fighting for land
Just leave all these disputes and develop those empty areas for next generations
We all spend a lot in wars
And at this point we all know birthrate is less then past
So why we need more lands if we already have more then need
@@AsifBhai-jt8xxbecause we easterners are traditional. Land is what is handed to us by our ancestors. We don’t descend from Vikings and pirates where wealth is number one priority. I think Russia can’t help in this situation. Indians and Chinese have to work it out.
So we pay the price. We are not free that is for sure. Unfortunately . Under my thumb .
Subsidies? How can everything be subsidized? Another example of idiotcracy.
West n Euro: we want to convert to clean energy in near future, our co can produce it
CHINA: here u go, we produced it cheap n good
West n Euro: y so cheap, SANCTION!!!100% tariffs
CHINA: cheap n good, don wan?
West n Euro: don wan, security issue🤣
More power to China 🇨🇳!
No sweat for EU, they can sell their daily product to their master US! 🤣🤣
Salaries and therefore cost of living in China are much lower than in Europe. This an advantage for China, but high cost of living in the West is a problem, withmore tariffs you will gain nothing, but your poblation are loosing
Free trade, free speech, free people!
What's the point in being the best when you are taking orders from your big brother and not having an independent policy? This continent is enough to become one of the most powerful regions in the world, yet the biggest problem in Europe now is division and allowing the US’s detrimental grip and influence on Europe.
OLD NEWS - BUT USING WORDS LIKE SHOCKING - WHO IS REALLY SHOCKED IN THE RIGHT SITUATION?
If Chinese government is subsidazing or paying for part of the cost of cars imported by EU, is that not a nice cost saving for the benefit of EU buyers and should be welcome by EU government?
"Competition and the free market are corner stones of the Capitalist Economy" - Proceeds to block competition and the free market.
IF SUBSIDY IS THE ISSUE, WHY NOT PROVIDE SUBSIDY OF THE SAME LEVEL AS CHINA DID AND COMPETE WITH CHINA?
Illegal subsidies or illegal protectionism? 😂
Every major country subsidizes some of their industries.
Wait WHAT? I thought we lived in Capitalism which constantly shouts about Free market this and Free market that and free market always does best! Apparently it's monopoly rules and only those that make an over priced junk can sell in the EU and US. Profits for the few .
Tariffs must also be put on European porks and cars which are subsidized.
Scrap the EU
Russia goes supplying all milk products to China less expensive !
Viva China
When the centers of commerce change corresponding changes in finance and innovation also change. In the 70s it made sense to offshore manufacturing to highly literate countries with very cheap labor!!entrepreneurialism is not a Western monopoly. Asia had a Silk Road before Europe had paved roads! But the world economy did shift from Asia to Europe and then America since 1840. Now the shift is back to Asia! This means that China, Japan, India, South Korea, and Indonesia are taking over the centers of commerce! This also means that the former centers will become secondary! Competition in manufacturing and trade will make it difficult for foreign Countries to compete!
The success of Airbus is a story of EU's massive subsidy to compete against Boeing.
Since the common people in EU, US and Canada elected their governments to impose imported goods, particularly on EV and Solar panels, we have to presume their people are rich enough and they do not need affordable green energy products to combat climate change and reduce carbon footprint, which they always complain about, we need to respect their decisions for the kind of elected government representing them.
China has comparative advantage over the west - efficiency, lower cost of production and creativity. The US government gave subsidies to GM (USD 57 billion), Ford (USD 40 billion), Stellantis (USD 20 billion) and Tesla (USD 3.3 billion)
Well I know south africa and China stepped up their trade deal in the dairy sector. Must be a brics move
Why don't EU countries subsidise their car industries like what China does? Problem solved.
As to flooding the EU with cheap products - identify them and stop importing them. Problem solved again.
Allowing EU companies to open factories in China so there products will be cheaper is as good as subsidizing. Stop all EU companies from manufacturing in China. Now who has problems😂?
well ,the cost of living and the taxation is much lower in China than in the Ue ,so the cost to produce anything is much higher in the Ue ,and also the profits are much lower for the chinese
Sanctions invite counter saniinons. Its not cheap, it's affordable .
What is your grammar level? . It sounds like grade school grammar.
saniinons?
😮ii😮😮7😮insurance 😊😅😮😅so so 🎉😅😮7😮😮😅😮😢😮🎉😢😢iii8😅😢😢so
The Chinese evs are cheaper and better, if the legacy maker make a better car maybe someone might buy it, but if it is too expensive they won't, the new xiaomi looks very stylish - like a porsche.
GO CHINA
What happened to competition. There is so much greed, we should embrace saving money no matter where products come from. Where I dont agree is when companies do dumping.
I'm sorry, can you supply numbers for subsidies by "Western automakers" where EVs had grants for buyers from USA, Canada governments, so your "white voice" suggests "you don't mind" if Western EVs are susidized (battery plants in Canada have large government funding to "stoke" the EV market whish as been "over-subsidized" beyond the ordinary markets of supply and demand into an "overcapacity" that is bankrupting the auto makers, as citizens are not "rich enough" for EVs, with servicing and charging two big negatives for buyers just NOT buying. Catastrophic market failure due to MANY government interventions.
If China subsidays, Europ Shold do the same insted of folow EU.
Learn the leas on insted of making economic war.
And France always subsidized the farm industry, particularly the dairy farming. Did China complain?
yes, so does other countries, but given subsidies doesn't mean the co will developed if it doesn't know how to use the funds correctly
EV cars vs Food. People have to eat every second but not cars for survival
They have trackers on the electric cars and they can shut down your car imagine you haven't paid your car note and you walk out your home and the car drive off by itself because you didn't pay your car note anything the Government do it's all about control I do not want to ride in no electric car they can track your every move
It's good that China is putting countermeasures, The stupid thing is that it's about EV's which are still a stupid and dead idea, what's next?
Podobá sa tento režim na totalitu.? Určite áno. Typické pre EÚ
NO HITTING BELOW THE BELT. NO EXCESSIVE TARIFF. PLEASE
The EU is protection the oil companies. Or else why the car companies didn't switch rapidly to EV? Switching gaz car production to electric car production doesn't impact the employment sector. But destroy the oil/ gaz sector.
O boy, where to get the REAL dairy stuff in China in the future! I might end up buying fake milk, fake cheese, fake butter!😢
One must think before acting, apparently they didn’t think rather they acting.
👍👍👍👍👍
When I first heard about the belt and road initiative it seemed common sense to me that its' value would be in the hands of the EU making its' development a point of leverage against China.
What is really hilarious is that a very large economists' study dating back 12 years was undertaken by China, Japan and S. Korea and modeled the world automotive probabilities.
It was placed in the public domain and only a few US and European economists took it seriously.
Japan wanted to concentrate on hybrid and multi-fuel solutions to transport and global warming but cooperated with China and Korea in EV licenses.
S. Korea's prowess in light railway systems for smaller, crowded countries and areas would develop alongside its small car production inclusive of EVs.
China asserted that the only way to test growing enthusiasm for EVs was to manufacture them using several companies all receiving similar state subsidies. Only some would survive and there would be freedom to market as they chose. The main prediction was that recharging would tend to be chaotic and unsuccessful in the USA and not a single mass sector in large countries such China and Russia BUT that China had the resources and capacity to be leader in automotive batteries.
Furthermore, inherently "strong" transport power plants for railways, civil engineering would not be EV but a mix of hybrid, clean multi-fuels and especially hydrogen, which could be a byproduct of developing industries, notably fertilizers and concrete in combination with solar farms for direct hydrolysis. China and Japan's Toyota Group signed IP common laws re large scale hydrogen engines and colors of the fuel.
Germany in particular relied too much on historical (but now invalidated) repute in auto engineering, especially after the "Dieselgate" scandal and its auto industry retained supply line structures which delayed the production of 'pure' EVs. It was further hampered by its electricity supply industry being the dirtiest in Europe and the success of Kia and Hyundai EV sales in N.America caused some Chinese companies to export larger EVs ahead of the target year of 2025 and as 2024 comes to an end both the EU and USA have resorted to tariffs.
This had been anticipated but a glut of Chinese EVs will probably bring forward the Stage 2 hybrid expansion without re-tooling and being able to reduce the weight of chassis for the much lighter IC/electric hybrids.