France's Le Maire Raises Alarm on Chinese Exports at G-7
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- Опубліковано 25 тра 2024
- French Finance Minister Bruno Le Maire says the entire global economy is at risk from a glut of cheap Chinese exports, raising the alarm as Group of Seven countries try calibrate their responses. He also discussed funding for Ukraine during an exclusive interview with Bloomberg’s Oliver Crook on the sidelines of the G-7 meeting of finance ministers and central bankers in Stresa, Italy.
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Regarding of banning the Chinese green energy goods, this is like people are in the a sinking ship, but you're not allow to use Chinese life jacket because your countries do not produce enough the same life jackets.
France has an overcapacity and unfair trade on LouisVitton bags, french wines and champagne. This needs to be addressed.
How is cheap wine bad ?
@@aryaman05No. But are cheaper cars and power bad? This is complaining when losing and that is ok. But implementing anti-competitor laws is hypocritical.
Cheap EV is good. Very good. Hopefully it will become cheaper so everyone can buy.
😂
Well but France never did dumping like China Steel and Solar . Why don't you hoard them since you're in love so much
Strange, Chinese “overcapacity” in clothing, cheap toys, tools, cellphones and more didn’t seem to bother the G7, no concern for how cheap stuff destroys the global economy then.
Now that the Chinese might dominate a new industry, the G7 all of sudden think making too many cheap stuff is terrible and is a fear we all across the world must share in.
Industrial products aren't Retail you know-it-all dummy
Am I hearing this correctly “China is making industrial goods cheaper for all of us” hence not good for the economy 😅
This is probably the first time I've heard someone openly saying that low prices are a threat. Someone isn't profiting enough. LOOOOOOL
Exactly, i think that is the main point.
Having cheap green energy prodcuts, could affect the world economy. What a clown! Does he listen to himslef? Laissez-faire, your country man invented that.
So to him country first , fck u the planet
No, Adam Smith did.
No, the French didn't invent the Great IP THEFT.. Get a mirror before finger pointing like usual Upset Weeper Bully would do
Bruno Le Maire says the EU's formula for success is innovation, innovation and innovation. Why is reality regulation, regulation and regulation?
I thought you were worried about inflation??? Here is China to gift you lots of cheap goods. You should be thankful!!!!
No one wants cheap goods to the detriment of entire industries. Plus, China outright banned google and other US tech companies, requiring foreign companies to partner and transfer technology to China at the detriment of foreign companies wasn’t good on Chinas part either.
Rules for your competition but not for your friends. This is not about values, this is economic war.
he criticized china but clearly did not have the guts to challenge US on its so called inflation reduction act
Is is unfair to point a certain country overcapacity while your own country cannot compete. Consumers wants cheaper goods and more choices.
Cheap prices will a jeopardise world economy ? Will not help poor countries ?
Cheap products raise living standards, cut inflation and making money in your pockets go further.
You cry when the rich countries mine and trade your products. You STILL cry when you can't afford your own President's corruption.. So hopeless your mom should apologize for giving birth!!
Nobody can afford western made solar or any product that is the problem, there won't be a green transition with how costly its for third world countries to purchase western made products
Have lots of cheap green goods can jeopardize global economy, hahahahah. Do you want to solve Global Warming or not?
G7 has no control over production and trade of other countries. It can only control it's share.
I am alarmed by France's public finances. The Chinese do not take a 2-hour lunch break and do not retire at 60. The Chinese do not count working hours and do ESG accounts as dictated by the EU.
What about France plundering commodities from it's colonies?
According to the French finance minister, France should be paying higher prices for those commodities if we don't want to put the 'global economy at risk'. What say you Le Maire
I thought green was good. Now Paris is saying green is bad. Airbus has overcapacity that China is a major purchaser. Stop making planes. Unfair!
When losing, cry "unfair". Otherwise, you must admit inferiority!
logic you produce more to sell what logic is produce just enough for own use?
I lost with these bonker
For the life of me, i cannot understand why has EU and USA have now a protectionist stance. I was a student of the Washington consensus which promote trade liberalization and how trade benefited the wealth of all countries based on Ricardian model of comparative advantage. We established GATT and formalized it into the WTO of which all EU counties and USA were signatories. So what happened to the days of reducing tariff and trade barriers. USTR spent the decades of the 80s and 90s to reduce trade barriers. Now we are just doing the opposite. So disappointing. They don’t do what they preach. No more credibility by EU and US trade officials
Bad loser that scream "un fair" when losing the game.
None of the initiatives Bruno Le Maire mentions is enough to move the needle. France is in reverse gear.
I read “Genitalia” in the background.
😂😂😂😂😂
oh i guess what they r
Well Cheaper produk and high quality is not good for Consumer.. 😂😂😂
Why does the West, being the land of free market, think it should regulate prices of goods in the market. Shouldn't it be looking to get the lowest price for the best quality for the consumer. Isn't that what a free market is all about.
I am waiting for the EV to become cheaper, not to become more expensive.
If you don’t like Chinese products then buy what you need from somewhere else, like Mexico.
Bruno Le Maire loves the idea of joint debt, because then he and France will not have to pay. It's convenient when you can't.
an American lap dog
The difference between Le Maire and the Italian Giorgetti is merciless, why are Italian politicians so under-par?...
And whos going to pay the higher cost of consumer goods : the consumer ..
Countries now are smart enough to know about China 🇨🇳.
It can't fool others anymore.
He basically said, having too much cheep industrial devices for green economy could undermine global economy . I thought he will say could undermine the global warming :)
A strategy that is also seen in Italy is that things will probably get better, but in three years.
China should go it alone. The world is not just EU and USA.
I thought he about to say he going to bring down the chiness economy. 😂
Over capacity is the foundation of trade. Hence there is nothing negative about overcapacity.
France green industries. 😮
LONG TERM COMMITMENT !! FRANCE DEBT LEVEL WILL RISE TO 200%-IN THE MOVIE 4 OF "THE MAGNIFICENT SEVEN" ENDED UP DEAD
Strange that we dont hear ecological Activists about "overcapacity" of Green technology by China.
Everyone misunderstanding his comments about China. It's not about Chinese products being too cheap, it's about them being artificially cheap due to massive public subsidies, thereby biasing fair economic competition.
You meant like the inflation reduction Act?
Fool, peace is free.
Ok, let's wait and see how this will work out for you
Sounds like Sir Humfrey in Yes Prime Minister.
Ukraine will be gone within the next few months. Now EU is talking about funds not arms. Wow! Overcapacity again. EU have a problem with the China model. You think China is subsidising the rest of the world? Really? Why not drop buying Chinese foodstuffs. Why not restrictions sale if wine and luxury goods to China?
His voice is identical to President Macron
Blah blah blah. G7 is collapsing and falling behind
BS yall cnt compete , overcapacity is a load of non sense!!!
Very arragont French. He keeps saying that France is the best
It's not the percentage of the export goods that count. It's the Chinese regime's *predatory trading behavior* that causes pushback from other countries.
🤣🤣🤣🥸🥸🥸🤣🤣🤣
EU always follower of USA. Also in the future
NATO is moving forward....:)
Funding a war hmmmm…