EU-China Trade Tensions: China Goes After European Brandey | Vantage with Palki Sharma
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- Опубліковано 6 жов 2024
- EU-China Trade Tensions: China Goes After European Brandey | Vantage with Palki Sharma
This week, the European Union's provisional tariffs into Chinese-made Electric Vehicles (EVs) took effect. In response, Beijing is intensifying its scrutiny of European imports. China has ramped up its anti-dumping investigation into European brandy. The Chinese Commerce Ministry is scheduled to hold a hearing on 18th July. Chinese officials allege European Brandy producers are selling products in China below market rates. Palki Sharma tells you more about the intensifying trade tensions.
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China | European Union | Tariff War | Trade | Economy | EV | BYD | Firstpost | World News | News Live | Vantage | Palki Sharma | News
#china #europeanunion #tradewar #electricvehicle #firstpost #vantageonfirstpost #palkisharma #worldnews
Vantage is a ground-breaking news, opinions, and current affairs show from Firstpost. Catering to a global audience, Vantage covers the biggest news stories from a 360-degree perspective, giving viewers a chance to assess the impact of world events through a uniquely Indian lens.
The show is anchored by Palki Sharma, Managing Editor, Firstpost.
By breaking stereotypes, Vantage aims to challenge conventional wisdom and present an alternative view on global affairs, defying the norm and opening the door to new perspectives. The show goes beyond the headlines to uncover the hidden stories - making Vantage a destination for thought-provoking ideas.
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20 or 30 years ago, majority of cars, buses, motorbikes electronic products and many others the Chinese bought from US and many European countries. But China never complain that is unfair trade.
At that time china had that much technology they copied western technology
And the major issue with china is it's not a reliable partner
That's right
They imposed tax on it as well back then, to have local car makers get a chance.😊 but they wanted quality.
Yes and no , one is the lack in that era because low Chinese know-how. But stil now there is a problem about quality. I mentioned this before i het 7 year warranty on my car , exact same car in Asia get 1 year warranty. The diffrence is the quality parts that are used. Chinese cars are not bad but they are still a way off of same quality level. see the warranty they give to buyers. thjere winnimum in europe on any applience is 2 years
@@yeaney In general the chinese ev are only mostly bought buy the people in europe those witha lower income. These rae about 30% cheaper than a average western brand. Ok you get the car cheaper but you also not get tha warranty a western car provides or there are some caviates involved (like BYD giving only 70% if battery fail) etc
Have you seen how great the Chinese EV cars are? They are loaded with feature, great prices, and high quality. Their $20K cars are equivalent to the $50K cars in the West.
There is no options left hereafter for Europe to make things to their advantage~ Every measure they introduce, it backfires.
Competition is good until west starts loosing
😂 They are indeed hypocrite.
heheh true
China steals everything and it's industries are highly subsidised. Both are corrupt
Chyna literally uses the west copies paste then promotes homegrown and cheap crap knockoffs, I recall them banning Australian coal over a covid investigation 🤣
Shut up fools, it's called overcapacity.
When Europe and American cars dominated the world, there was no sanction
Yea, because our friends were buying them. Perhaps China shouldn't have chosen to be an adversary to the largest consumer markets in the world.
China has too many weapons to hit back. EU tried this 2013. They were beaten. Pathetic
@@TM.25.0 🤦🏾♂️what a ridiculous childish thing to say. The world is not friends with the west. The world bought western cars because they were better. Now Chinese cars are better than western cars and the world is buying them. When the west dominates they don't call it over capacity, it's only when China dominates that the west says it's over capacity. It's absurd.
@@TM.25.0
Typical white supremacist. They are so unbelievably racist that they can't fathom that they are the ones who chose to make enemies out of other countries. In their sick minds, white people are more peaceful and civilised than other race.
@@TM.25.0are you stupid
Who would have thought 20-30 years ago that Chinese companies would scare the living daylights out of Europe (and america too)!? Well, China did.... this is just the beginning results of 30 years of meticulous planning, high education, world class infrastructure and healthcare.
This is the result of 30 years of Globalism!
Americans had to chose a career that could not be outsourced: social sciences!
Everything else went to China and India!
Not fair game Europe and America! play fair game!
why EU put higher tax on Chinese cars? because the Chinese cars are better theirs.
Chinese govt highly subsidised their car manufacturer .This unfair trade practices make their car cost less. .
@@fekuji-kj2cj 🤡
They don’t want to destroy their industry by cheap copies
@@ksrawat88 _"They don’t want to destroy their industry by cheap copies"_
While India do this _everyday_ with their cheap bollywood plagiarisms. IMDB ratings are 3.5 max!
@@YouCantHandleTheTruth. yes but they don’t export it to other countries….
BYD is setting up a plant in Turkey too
And Morocco too.
When China bought EU cars 20 years ago, they never complained, now because chinese cars EVS are much better, they are scare.
Sure, they did, they put tariffs of up to 100% or more on European cars and they insisted European brands needed to be built in China in joint ventures that were 51% or more Chinese owned. It’s only fair for the Europeans to treat the Chinese the same way. China can sell their cars in Europe but only in a 51% European owned joint venture. Fair is fair and Europe shouldn’t treat China any differently than China treated them 20 years ago. You said as much in your post.
They are not better
@John-ed8ye my friend... my friend... my friend.... what if africa expect the same from Europe...???
@@John-ed8ye0000
0
Free trade is only good if the US and European countries are winning. Rules of the game must be changed if the opponent is scoring too many goals .
rule based dis-order
Racism and double standard that something the western or American don't want to gives up.
When she talks about China, she always use western narrative, but when she talks about India, she always criticize western narrative. It’s so hypocritical😂😂
😂😂😂😂😂Palki the greatest hypocrite.
Likewise China will hit back. Cancel all airbus planes
What fly what? Boeing?
@@erwin734 There so many airlines in China. Doesnt need to buy.
@BabaYaga826 most stupid comment, go read more before posting, if china capable to build good and reliable aeroplane why keep buying from air bus and Boeing...
@@erwin734They make their own planes now too.
我们不想这么做，法国是我们的朋友，100架空客飞机，是我们送给法国朋友的友谊，我们还邀请法国朋友一起来建造核电站，我们中国可以制造战斗机、直升机、轰炸机、运输机，却没有大量的制造民航客机，这是我们留给西方朋友的礼物，我们不介意西方的朋友赚走我们的钱。
The EU's tax increase on Chinese electric vehicles will bring a devastating blow to EU products entering the Chinese market. Not only brandy, but also pork exported by the EU to China. Far more than that, China is also preparing to impose a 25% tax on large-displacement EU cars. If so, EU cars will soon lose the Chinese market (the world's largest car market).
Why did the EU increase taxes on Chinese electric vehicles? In the words of Western media, Chinese electric vehicles are currently 10-15 years ahead of the world, and European automakers simply do not have the ability to catch up with Chinese electric vehicles. In addition, the cost of Chinese cars is much lower than that of EU cars. Even if the tax is increased by 40%, Chinese electric vehicles are still competitive in Europe.
From a higher strategic perspective, China's upcoming retaliation against the EU is not just aimed at the EU's tariffs on Chinese cars, but China is more looking forward to telling European countries that Europe needs to have an independent strategic vision instead of following the United States in everything. Otherwise, European countries will lose their own interests, and the United States will not pay for Europe's losses.
EU :"We impose tariffs on Chinese electric cars because WE DON'T HAVE THE INDUSTRIAL CAPACITY to compete with China. Protectionism is the only card we can put on the table. It will hurt European consumers because THEY WILL PAY THE COST OF THE ORIGINAL CHINESE CAR PLUS THE TARIFFS WE IMPOSE. In other words, the consumers will experience collateral damage".
Yea...it's not like Chinese ccp use protectionism when it comes to their economy ri8?
CHINESE is the biggest customer for ITALIAN MADE LUXURY GOODS, LIKE GUCCI, LV, HERMES.
Europe should PURCHASE THE ENTIRE CARS of Chinese, then make sales. Don't make Cars. BUY AND SELL ONLY. So that customer will not be in slavery payments
They want to say that give more money for criminal immigrants.
EU and US still living in 90s, thinking China only can trade with them. Meanwhile green energy cities are being built in Malaysia, Indonesia, Thailand, Vietnam, Laos, all using Chinese engineers and technology. I've been to upcoming Indonesia capital city of Nusantara, the whole area installed with EV charging station and to all surrounding towns. Not to mention grand scale of South East Asian nations using Chinese product and service to build and maintain them. EU and US are becoming unimportant priority for Chinese investors. Then if you look at other youtube channel, similar grand projects are being planned in middle east, central asia, and africa. Anyone including those in whitehouse can tell that China future is going to be extremely prosperous and powerful.
EU putting tarrif on Chinese EV impact is like a drop of coin into the ocean. Funny how media treated that as if China economy going to fall just by that.
So, why are you worried about ? Do your business, and let the europeans dos his own. Will we pay more for a car ? No problem, as long as the jobs stay in Europe.
Not 1990 but more like 1812
@@rasputindasilva858 Just stay in Europe and don't comes out and tries to steal everything from the people in the Global south then.
It reminds me of "Opium war"
The one who preached Globalisation , Quality , Capitalism , Competition, Hunan Rights , Climate Change , Reduced Inflation n etc had turned back on themselves . What an embarrassment ?
Over-supply is just another word the EU and the US have coined to replace over-efficiency. The Chinese have been successful in vertically integrated their EV production, which has made it cheaper than what is being produced everywhere.
Europe and USA crying about competition 🤣😂
As a consumer, you are offer with better quality products at cheaper prize. Are you not going to buy these products? Of course I will! This apply to the EV from China in the European market. Only those with peanut brains will reject the offer. This is common sense and to not always look from the political angle. This is why those politicans have failed their people and countries.
BYD plant in Thailand if for SE Asia markets.
BYD has plant in Hungary, Chery in Spain for EU markets 😂
When they win, it's 'fair' and 'level playing field'. When they are losing, same market suddenly becomes 'unfair'. 😂
EU Stupidly has no limit . Eventually it will hurt themselves. Once a Garden of the World will turn to become a pariah. Being vassal to the USA will cause hardship to the Europeans.
冯德莱恩是为美国的利益，她才不在乎欧洲。
wait a minute. where are the Chinese haters? Nobody's commenting against China. don't tell me India is now pro China.
BRICS should impose heavy taxes on EU cars
Why? China was the target of Chinese EV tariffs Bringing others who have no problem with that is such a joke 🤣😂
@@Pilax-TT32 EU is not the world , some one has to teach them we can sanction them also. who are they sanction ing everyone, world is not their playground
China is the only country in brics that can fight europe the others are not match
@@MehEdwin that is not true. India is a big market for eu. So is russia.
@@HashimPareed yea ask yourself why they cant sanction the west haha
How shameful Europe
Anyone exporting anything is overcapacity if we follow EU definition. So, this claim of overcapacity is hypocritical.
Cars made in EU are not competitive to those of other cars made in developing countries mainly because of artificially high value of their currency, so they need to devalue their currency in order to make their cars competitive globally.
why? China has banned foreign EV battery makers in local EV market since 2016? Why can't others ban Chinese EV's? LOL
its also a quality thind compare a BYD with a Mercedes and you will understand why prive of western car is so high
This channel , india and the west must be thinking of china every waking minute and hour 😂😂😂
USA and Europe drop your price on your car to😅😂
there is still big diffrence in quality, If you can pick one a chinese brand or a Western brand pretty sure you wil ytake a western car
Exactly they should lower their prices or they can keep their products
@@thato596quality products has expnsive pieces unlike substandard.
Not anymore. Chinese EVS are by far much better.@@Noodleanrgry
How about its our market out rules han poo stain
Palki never forget to pose antichina stance. Haha. Oversupply haha. Does she know what percentage of cars manufactured are expieted by germany and by china. 😂😂😂 she doesnot. She only knows how to prepare anti china report.
Her jobs is to demonize China as her moghul boss instructed to do so.
Palki,she has only a bright face but with an empty brain.She has mastered how to peddle western 's vicious propaganda against the developing countries.Against the countries that were under the brutal oppression and loots for centuries by the Western countries.She has no shame because Palki has sold her soul to dollars.
Basically the EU is pissed because China is making and selling cheaper EV's. The EU is who is violating human rights violations.
德国人的脑子不知道在想什么，既然无法竞争，为什么不合作呢？我一直认为德国人很聪明，可他们的大脑有时并不灵活，德国汽车与中国汽车合作，创立新的品牌，用更便宜的价格来围剿美国、日本、韩国的汽车企业，以后世界上只有一种汽车，中德汽车，这不好吗？
Like the US unable to compete . Tariffs to go
It’s spelled brandy
@@tariqramadan1521 and Musa is spelt Moshe not Musa..
China should impose 50% tariffs on all EU products.
China needs to double down their EV manufacturing in Hungary.
These taxes show that the EU knows that Chinese cars are way better as EU made ones.
Over the years, the EU has successfully transformed itself from an industrialized country to a resource-based country.
The French can use the Brandy to fuel Cars, so not too bad.
EU hits China on china-made EV cars, but China hits back on EU's Brandy? It is the new era that are hard to imagine 20 years ago.
Is China still a developing country now , vs advanced EU?
China does not need the alcohol that make you drunk. India need it to follow the master. Great move by China remove this unnecessary toxic item from it's market.
What's new that you're glorifying? remembered Boeing to Airbus deal in 90's
95% of french brandy are exported to China, that's overcapacity. IT'S a national SECURITY too bcoz most r from FRANCE. 😂😂😂😂
Likewise, German auto industry VS the total production capacity. Moreover, 35% of German auto market are from China. Time to adjust to reciprocate EU's arrogant and unfair trade practices for decades, NOT ONLY NOW!!!
China learned and now dominating. If western politics and ceos would spend half their time and energy on progress that would help them. I guess I am being unrealistic.
Over supply? Is that a thing🤔
Why don’t all these countries take advantage of these cheaper EV/products and only sell it to the lower-working class. Have their own Expensive EV/products sell to their upper-class people only..?
Government can impose tariffs, why can’t government enforce by impose tax during tax returns..?
The lower working class just can’t afford $60K EVs and are in position to help with climate change mitigation…
if they are so great, why not let Chinese consumers enjoy it, instead of dumping them oversea?
@@tooltalk If German cars are so great, why not let German consumers enjoy it instead of dumping 70% of them outside Germany?
@@celanian8188 The German cars are not gov' subsidized. If BMW overproduces vehicles that nobody wants in markets abroad, they have to dump them in the ocean.
@@tooltalk HAHAHAHA. According to Handelblatt, the German government has spent 9.5B Euros on subsidies for 2M electric cars and hybrids or about 4,750 Euros per car.
In contrast, top Chinese automaker BYD has received $3.7B USD in subsidies over 4 years and produces 3M cars per year. So the per car average is about $300 USD.
@@celanian8188 According to CSIS's new estimate released last week:
From 2009 to 2023, we calculate that Chinese government support cumulatively totaled $230.9 billion. Absolute funding annually was around $6.74 billion in the first 9 years of our analysis (2009-2017), as the sector was just getting off the ground. Spending roughly tripled during 2018-2020, and then has risen again sharply since 2021.
Who cares 😂 I see all of China's new tech and fashion & it all looks like American Instagram aesthetics and fashion 😂
China's students literally came to study in USA cause it's easy for them, they saw everyone in Bright white Nikes and all the American Instagram fashion. Now all their new
Architecture looks like bright white iPhone batteries 😂
All their children even dress like American Instagram fashion
But the don't complain about Chinese using their products like they complained about Chinese EV in their country.
Looks Like Pen (Trade) is Mightier than The Sword..🙏
If only africa was as developed like Europe, the westerners and America wouldn't have being doing this.
Always be careful of unintended consequences.
Whereas in India we pay double. Starting from gadgets to luxury car we are saying double. For instance an iPhone is now manufacture in india but with price of iphone in india we can use that amount travel to Vietnam purchase the same phone and return. But still then no highlight on those issues face by Indians.
Can Indian take the role to eu if china is out? No, India doesn’t have product other than ppt and lip service.
0% Tariff on Indian TukTuk mopeds in EU, US, China. All these 3 countries don't dare to impose tariff on Indian Tuk Tuk. India the big winner of Trade War.
Indian masala powders
😂😂 that's why the tomWs and wang yei must shut TFu before exposing the Confucius art of Sun Tzu thinking that never worked in CCP favour ☺️ in the past 😂😂😂
😂😂 tHanks for exposing your contempt of all non C 🍗🐓 nations 😂😂
Them indians never objected or claimed. It's cgtn CCTV that can't keep crap shut 😂😂 now you!
india have rickshaws
Why import tax. Completely ban BYD and other brands like india did. Promote local products.
Success of China's foreign policy😂😂
@@rishithsingh1493 UA-cam is desperate under China now. 😂😂
Indian Poop policy
A lot for the Indians to learn and copy from.
@@hengongchua6250lmao the indians tried to copy twitter and made an app called "koo". It failed miserably 😂😂 they can't even copy
Western foreign policy is everybodieswbe their poodle, so far India success to this role 😀😀
It is brandy; not brandey.
"Oversupply" that's a load
Why. Can't india export brandy. Why are we staying such poor. State.a lot of job could be created. We could use this opportunity to get into Europe and counter china
As per EU rules of origin, substantial processing must be done in a third country to avoid tariffs. If this is done, the Chinese government will not subsidize the process as they are currently doing, making the entire process more costly. The EU's main purpose for imposing tariffs is to prevent Chinese subsidized goods from entering the EU market, in order to ensure that companies within the EU remain competitive.
Nice ... lots to learn from this.
🎉🎉🎉🎉🎉5m subscribers ❤❤🎉🎉🎉
How about EU lower their prices to make it cheaper for buyers instead of adding tariffs which makes it more expensive for buyers?
Why impose ban or raise import tax on products? Ban the company itself. Will the manufacturing country matter then?
it takes not more than 2 days to register a new company and sell under the new company name.
Sure, all EV OEMs from China are payng for tariff -- that's how it works.
@@NRI.Reacts Actually if the countries are the member of the WTO and especially signed GATT, imposing ban on country or company is not that easy. These countries can only raise import tariff on products with logic and after reasonable investigation following WTO's rules. I just made the comment on a lighter note.
How many miles to drive before you charge it?
Informative!
Sounds like the signing of the UN's Lima Declaration is finally coming home to roost in the EU . . . Nice !!!
Hearing an Indian, with its 100% tariffs, argue about tariffs is entertaining. If China wants to escalate a trade war with the EU or the West, China loses massively because of its huge trade deficits with the West.
For us as sri Lankans 25% or 38% tariffs on cars are like peanuts because we pay over 300% or more. Even a BMW X1 that was sold at a price of Rs 10 million is now on sale after four years at a price of Rs 22 million($ 73k). The only country the vehicles get older the price goes higher ☹☹☹
Does that include those manufactured by Western companies in China?
What are the resources available in europe?
Good job!
europe dont want customers to get cheaper products which offers a reasonable quality of ride . this is not fair . Every customer should have right to chose what they want and not just what they are offered .
The solution should be EU ask bigger market in China, and ask own people don't EV car from China. but China can do ! Chinese will stop buy EU's Car, Developing Countries (not car maker), will import more from China ! Cheaper, Bigger n Better !
I hope any Chinese person sitting in Beijing can see this video and give his comments.
#Free internet from CCP censorship in china
It's not only EU, smaller and insignificant countries like South Africa are also resorting to tarrifs to survive the chinese onslaught
The CEO of VW Germany - always the major SPD donor who is typically seen as the kingmaker deciding who heads that ailing German 'Volkspartei', and who also tends to speak for the whole industry (BMW, Audi, Opel, Porsche, Merc-Benz, etc) - has told Chancellor Scholz that such protectionism won't work. To German ears, this is as good as a motion of no confidence in the government. The same sort of thing happened when Schroeder was Chancellor: as I recall, he wasn't Chancellor for much longer after that.
But why does the west make their car so expensive? Of course with the inflation people will go for cheaper cars and chinise car are also comfortable and affordable
So why can europe give car makers subsidy so that the ordinary citizen can benefit. Aren't them the same people that are fighting for green energy to take place?
Trade with China is not on level playing field as there is too much support fron China government for Chinese companies.
Where the heck is India?? Time to throw around your weight and flex some muscles. India is the global's #1 true superpower!!!
Are you blind? This is what they’ll do to India the moment the west feels threatened!
Oh good, can we just do without Brandy? We can switched to whiskey and wine? China should start bumping up tariff onto Porches, Merz, VW, Ferraris & etc. Chinese should drive less foreign cars.
They do the same to japan last time. China should work with Japan.
Palki the jewel of the world ❤🎉🎉❤
EU claimed that unfair competition due to Chinese Government provides incentives to every EV produced. Is it true that Tesla too get some kind of incentive too from US government? I’m not quite sure actually.
You knew I knew . All these are hypocrites n losers .
Tit-4-Tat is de game!
all country must put High tariffs so they cannot sell their product at low price😂😂😂😂😂 the manufactoring sector in other country are colapse because of low price product from other country
The more trouble the better
All countries should protect their own industries against China's cheap products.
@user-ye1nw1fe5i and chinese import as well.
Take your 2 cent wumao
On the whole tariffs are a legit way to protect your domestic industry. What uncle sumji did with huawei and the house arrest of the exec in canada is the below the belt way.
What is oversupply??? We in the developing nations are happy to get cheap Chinese cars.
Competition and globalization is good until it is good for west. Otherwise West starts to be protective. Why dont companies like VW, etc. etc dont produce in their own countries?
There is no trade balance.
Soon India will receive the same treatment from the West once Indians tech, car industry are at level to compete with the West. We developing nations should work together to fight for fair competition with the West who are too comfortable to dominate the world. ❤❤India
Palki are bitter when Chinese are stepping on her head😂
Even the close captions have a really funny accent.
World should united against western imperialism.
let china compete, no one was ever complaining when the Eu n US dominated the market.
eu surprised pikachu face
Today wumao bots are in questioning mode and playing defensive 😂
Why doesn’t India have EV brands?
We have TATA EV, MAHENDRA, OLA etc.. For example