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Preface
With the gradual increase of China's national strength, all aspects have achieved qualitative development, and its status in the international community has also been enhanced.
However, this phenomenon has aroused the dissatisfaction of many Western countries, and they have begun to try their best to sanction China in an attempt to prevent China's development.
The United States has long restricted exports of semiconductors to China and has continued to put pressure on other countries to block the sale of critical materials to China.
At the same time, the EU also announced that it will increase tariffs on Chinese electric vehicles in July, citing the "threat of damage" that Chinese electric vehicles pose to related industries in the EU.
In the face of the various actions of Western countries, China fired the first shot of countermeasures on June 17.
At this time, the two G7 countries are vying to visit China, what is going on? In what way did China counter the "first shot"?
The European Union announced an increase in tariffs on cars on China
In order to restrict the development of China's semiconductor field, the United States has repeatedly introduced new policies to suppress China.
It not only restricts the export of domestic chip companies to China, but also continues to put pressure on some Western countries to prevent them from selling key semiconductor materials to China.
However, China's "lockdown" is developing very rapidly, and there is continuous good news in related fields.
The U.S. plan has obviously failed, not only did not succeed in suppressing the development of Chinese chips, but instead stimulated the potential of "Chinese chips" to the greatest extent.
After a few days, on June 12, the European Commission issued a statement that it would impose additional tariffs of up to 38.1% on electric vehicles imported from China.
The European Commission has stated that if China and the EU cannot negotiate an effective solution, the package will come into force on July 4.
On June 12, 2024, the European Union announced that it would impose a maximum of 38.1% tariffs on Chinese electric vehicles, effective from July 4
According to the EU's plan, an additional 21% tariff will be imposed on "companies that cooperate with the investigation".
For "companies that do not cooperate with the investigation", customs tariffs will be increased by 38.1%, excluding Tesla vehicles produced in China.
The EU has firmly stated that a countervailing investigation into Chinese trams last year found that a large number of products entering the EU market were "artificially driving down prices".
This situation poses a serious "threat of damage" to the EU's electric vehicle industry.
In addition, the EU also said that it had contacted the Chinese side to discuss "possible solutions to the problem" in this regard.
But as things stand, the EU has imposed a 10% tariff on all electric vehicles in China.
However, some EU members disapprove of this measure, arguing that the increase in tariffs on Chinese electric vehicles will lead to a reduction in the number of imported cars, and EU consumers will face high prices.
During this period, the German government tried to put pressure on the officials to get the EU to drop the countervailing investigation, but the German proposal was not passed.
In the face of this situation, China said that the EU's move has seriously damaged the legitimate rights and interests of China's electric vehicle industry.
At the same time, it will also directly break the stability of the global electric vehicle industry, including the supply chain of the automotive industry, including the European Union.
The EU's actions are undoubtedly disrupting China-EU trade relations, destabilizing China-EU economic, trade and commercial relations, and leading to escalating friction between the two sides.
The Chinese side has made a solemn statement to the Chinese side, and will continue to pay close attention to the follow-up development, and will take necessary measures to defend the legitimate rights and interests of Chinese enterprises at critical moments.
On June 17, a statement from China's Ministry of Commerce fired the first shot of countermeasures, but this move directly caused some G7 countries to panic and rush to visit China.
China fired the first shot of countermeasures, and the two countries rushed to visit China
On June 17, China's Ministry of Commerce announced that it would conduct an anti-dumping investigation on imports of pork and pig by-products originating in the European Union.
At the beginning of June, the China Animal Husbandry Association applied to the relevant departments to formally submit an application for anti-dumping investigation of pork-related products in the EU.
On June 17, 2024, the Ministry of Commerce: Conducted an anti-dumping investigation on import-related pork and pig by-products originating in the European Union
This is the first time that China has retaliated after the EU proposed to increase tariffs on China's electric vehicle industry.
However, it is this countermeasure that has made the EU already worried, worried about problems with follow-up cooperation with China.
In 2023, China will import a total of 6 billion US dollars worth of pig heads, half of which will come from the European Union, especially pig ears, pig trotters and other products.
The EU is not keen on this, and it is a very good choice to be able to export to China.
But now China has announced that it will conduct an anti-dumping investigation on EU pork and pig by-products, which means that EU exports to China will be hindered.
If the relevant products are unsalable in the EU, it will have a certain impact.
In addition, netizens familiar with the matter said that China is considering launching an anti-dumping investigation on EU dairy products, including alcohol, automobiles and other products.
Judging from the past situation, China's local industry has long been dissatisfied with the EU's style and measures.
The decision to take countermeasures against it now is also driven by the situation, and if it does not, it will directly contribute to the arrogance of the EU.
Originally, some EU countries did not agree with the decision to increase tariffs on China, but now China's direct announcement of countermeasures against the EU has caused dissatisfaction among some EU countries.
Just after the G7 meeting focused on the theme of "China's overcapacity", two consecutive G7 members announced that they would visit China.
As the host of the G7 summit, Prime Minister Meloni announced at a press conference that preparations have been made for a visit to China and that she will visit China in the coming weeks.
On June 16, 2024, after the G7 summit, the Italian Prime Minister plans to visit China in the coming weeks
She said that Italy wants to maintain friendly communication with China, but the two sides need to maintain equal competition.
In addition, German Chancellor Robert Habeck's office said that Habeck will pay a five-day working visit to China and South Korea on June 19.
On June 16, 2024, the German Deputy Chancellor was revealed to be going to China next week, and German media: "fierce consultations" are expected
The tentative itinerary in China will include visits to Beijing, Shanghai and Hangzhou.
Habeck said that Germany is a trade- and export-oriented country that needs an open market.
If there is friction with the Chinese market, it will affect the domestic market to a large extent.
It can be seen that the Chinese market is very important for some EU countries, and the loss of the Chinese market will have a serious impact on them.
epilogue
The EU's increased tariffs on China's EV exports will cause some turmoil to the peace of the market.
China has also made countermeasures against such measures as the EU, which has caused some countries to start worrying.
Maintaining peace in international trade requires the joint efforts of many parties, and if some countries are blindly suppressed, it will be difficult for international trade to maintain a stable state.
China is not a target for bullying by others, and in the face of bullying by outsiders, China will take effective measures to defend its due rights and interests.
China has grown into a big country in all aspects, and it is no longer a country where anyone can step on it, and we will firmly defend China's corresponding rights from the beginning to the end.