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schizoidman @lemm.ee

10mo ago

China’s plan to get around Western tariffs: Fill the world with factories

english.elpais.com

China’s plan to get around Western tariffs: Fill the world with factories

cross-posted from: https://lemm.ee/post/44172684

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schizoidman @lemm.ee

10mo ago

China’s plan to get around Western tariffs: Fill the world with factories

english.elpais.com /economy-and-business/2024-10-05/chinas-plan-to-get-around-western-tariffs-fill-the-world-with-factories.html

17 comments

Okay, here's the part I don't understand:
China is aware that its investments can be a bargaining chip for member states to bring down their trade barriers. At the same time, setting up in the EU would be a way of avoiding tariffs, if they end up being confirmed: cars would have the “produced in the EU” stamp, leaving behind added value, employment and the transfer of knowledge.
Could the EU not just put restrictions on Chinese-owned car companies regardless of where the factory might be located?
- Why would the EU want to do that?
  Chinese EV maker BYD welcome to open factory in France, French finance minister says
  European nations compete for Chinese EV factories, jobs even as EU weighs tariffs
  China's Dongfeng in pole position to build an auto plant in Italy - Italian sources
  
  Then why the tariff?
Putin: they can DO that?!?
- Invest billions of dollars? Yes, because they have billions of dollars. Russia has been reduced to bartering for their imports.
So.. invest in other countries and create jobs there? What's so bad about that?
- The Chinese like to import their citizens as well into those jobs. See Africa.
- It's not, but anglosphere media will keep trying to portray it so lol
Dastardly
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17 comments