Reported about 1 year ago
In an article by German weekly newspaper 'Die Zeit,' titled 'Resisting China Just Right,' the European Union's introduction of tariffs on Chinese cars is praised as diplomatic yet firm. With around 2.5 million people in Europe working directly in the automotive industry and even more jobs indirectly reliant on it, the EU's move is seen as crucial for economic prosperity. The article highlights concerns about the threat posed by Chinese electric cars entering the European market and discusses the EU's findings of unfair subsidies benefiting the Chinese electric car industry. The EU's tariffs are portrayed as a necessary defense rather than the start of a harsh trade war. The piece emphasizes the importance of combining defensive diplomatic thinking with trade agreements and subsidies to protect Europe's industry. Moreover, it argues that succumbing to protectionist competition will only benefit weaker businesses and hinder economic transformation, rather urging for policies that facilitate industrial upgrading in economically weaker regions.
Source: YAHOO