Reported 7 months ago
Austrian newspaper 'Der Standard' criticized the EU Commission for potentially imposing additional tariffs on Chinese electric cars, pointing out that it would only lead to higher prices for European consumers and hinder the necessary reforms in the European auto industry. In contrast, 'Augsburger Allgemeine' supported the distinction and restraint shown by the EU Commission in imposing tariffs, acknowledging China's strategic support for its car industry but also cautioning against Beijing's goal of undermining European competitors. Additionally, 'Süddeutsche Zeitung' emphasized the need for the EU to protect local industries from distorted competition, suggesting a necessity to reduce economic reliance on China despite the intertwined nature of the two economies for European industry. The articles reflect varied perspectives on the implications of tariffs amidst escalating trade tensions with China.
Source: YAHOO