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Preface
First, the United States announced that it would impose tariffs on China, and then the European Union raised the "big knife" of imposing tariffs, and wanted to "attack" China regardless of its own interests.
Although both impose tariffs on China, there are big differences between the EU and the US, and the economic losses and impacts caused are also very different.
However, even if China responded at the first time and would resolutely defend its own interests, the EU remained unmoved and chose to impose tariffs on Chinese electric vehicles.
Five days after the EU announced that it would impose tariffs on China, China no longer "forbears" and has played a "trick" against the EU, taking advantage of the EU's pork imports and dairy products.
As it stands, it seems that the trade war between China and Europe will start at any time, but in any case, the final outcome will make the United States wake up with a smile.
Because, once the trade war between China and Europe begins, even if the final outcome is not "lose-lose", then one side will definitely lose a lot.
As far as the United States is concerned, whether it is China or the European Union that loses, it will not have any impact on the United States, and may even bring benefits to the United States.
Therefore, once the Sino-EU trade war starts, the United States will be able to reap the benefits of the fisherman, and the EU's imposition of tariffs on China is likely to be a "wedding dress" for the United States.
So why is the EU so obstinate and wants to impose tariffs on China? And what can the United States gain from this?
After five days of forbearance, China and Europe "went to war"
In fact, the EU wanted to "start" China's electric vehicles, and there was an early omen, but I didn't expect the EU to choose this step.
Last year, the EU's countervailing investigation into China's electric vehicles was on the rise, but the EU is still controversial over the tariffs.
Because in the EU, there are still "people who understand", and they know that once tariffs are imposed on China, it will also have a certain impact on the EU.
Perhaps because of this, the EU did not "attack" China's electric vehicles until the United States announced tariffs on China.
This comes after the U.S. announced that it would impose massive tariffs on Chinese products, especially on electric vehicles, which would increase to 100%.
The European Union followed suit, raising the flag of the "China threat" while announcing tariffs on Chinese electric vehicles.
The EU claims it found out during a countervailing investigation into Chinese electric vehicles.
Chinese EV companies are priced relatively lower because of the large amount of subsidies they receive, which also affects the EU EV market.
Similarly, there is a threat to the EU's electric vehicle industry, which is why the EU will choose to impose tariffs.
It is worth noting that the tariff standards set by the EU depend on whether China's electric vehicles cooperate with the investigation.
If it is a Chinese EV brand that does not cooperate with the investigation, the tariff imposed is the largest, with a maximum increase of 38.1%.
As a result, the additional tariffs, combined with the 10% tariff on the EU's original base, will soon reach 50% of the tariffs imposed on China's electric vehicles.
The report also pointed out that the EU has contacted China to discuss how to resolve the countervailing issue.
If there is still countervailing of China's electric vehicles, then the EU tariffs will be officially implemented in July.
At the beginning of the tariffs, the EU imposed temporary tariffs, but after the temporary tariffs take effect, the EU will also consider whether to impose permanent tariffs on Chinese electric vehicles.
Source of the above information: China Development Network, June 18, 2024 "The EU intends to impose tariffs on China's electric vehicles, harming others and harming themselves, and many parties resolutely oppose it"
The EU's attitude is now very clear, and the imposition of tariffs on Chinese electric vehicles has also been "set in stone".
It can be said that as soon as this news was announced on June 12, it instantly attracted the attention of many netizens and people from all walks of life.
The Chinese side even gave a direct "warning", hoping that the EU will immediately stop and not act against China.
If the EU continues to stubbornly insist, then China will take necessary measures to defend China's interests.
But what I didn't expect was that the EU turned a blind eye to China's "warning" and still insisted on imposing tariffs on Chinese electric vehicles.
After five days of holding back on this, China finally "attacked" the EU, which is fully capable of killing the EU with one blow.
According to reports, the Ministry of Commerce officially issued an announcement on June 17.
The content of this announcement is that China will conduct an anti-dumping investigation on imported pork and pig by-products originating in the EU.
In addition, the Ministry of Commerce also said at a previous press conference that it would conduct a countervailing investigation on EU dairy products.
If this is the case, then it is very likely that China will also impose tariffs on pork and dairy products from the EU.
It can be said that the tariff "boomerang" issued by the EU will not be long before it will be pierced into itself.
However, the Ministry of Commerce's report also shows that China is investigating pork imports from the EU.
It is also because the China Animal Husbandry Association submitted an application to the Ministry of Commerce, and the Ministry of Commerce decided to launch an anti-dumping investigation after a preliminary examination.
From this, it can be seen that China's "shot" against the EU is justified and well-founded, and it is not at all like the EU, which is "talking nonsense".
Source: China Youth Network, June 18, 2024, "China Launches Anti-dumping Investigation on Import-Related Pork Originating in the European Union"
Behind the scenes, there are other people
Not only that, according to the report, if China really crosses the EU's imported pork.
Then, it will have a great impact on the economy of the European Union, and it will also affect the supply chain and market of pork in the European Union.
Because China imports a large amount of pork and pig by-products from the EU every year, it can be said that China is an "important customer" of pork imports from the EU.
Because of this, many experts and farmers in the EU are actually opposed to the EU's imposition of tariffs on Chinese electric vehicles.
They also understand that once they do this, it will definitely cause a "counterattack" from China, and the EU will also be affected later.
Moreover, even if China does not launch a "counterattack", the imposition of tariffs on China alone will affect the EU.
Once the tariffs are implemented, it will inevitably make Chinese electric vehicle companies lose the right to compete fairly in the European market.
At the same time, the EU's "move" against China is likely to affect other trade exchanges between China and the EU.
This is a big challenge for China-EU bilateral relations, and it is very likely that "both sides lose".
From this, it can be seen that once the EU imposes tariffs on Chinese electric vehicles, the consequences will be very serious.
But even so, the EU still insists on "working against China", and there must be a reason behind this.
In fact, many clues can be seen from the report, and there is a "pusher" behind the EU's announcement of tariffs.
In fact, after the EU announced a countervailing investigation into Chinese electric vehicles, many EU countries opposed the imposition of tariffs.
However, some countries are very outlied, including France, and it can be said that the EU and the imposition of tariffs on Chinese cars are indispensable to France's "troublemaking".
France and other countries even hope that the European Union will raise the tariffs on Chinese electric vehicles a little more.
And the reason why France will do this is also because the tariffs imposed on China will not have much impact on France.
Although there is also a market for Chinese electric vehicles in France, France believes that Chinese electric vehicles "threaten" the domestic French automotive industry.
Therefore, France wants to weaken the Chinese electric vehicle market in France through sanctions.
Source of the above information: Observer.com, June 12, 2024 "EU announced: up to 38.1% tariffs on Chinese electric vehicles, effective from July 4"
America wakes up laughing when it dreams
In this way, France has also "contributed" to the EU's tariffs on Chinese electric vehicles.
However, it is worth noting that after the EU imposes tariffs, once China's anti-dumping investigation is true, then the Sino-EU trade war is likely to begin.
However, if China and Europe start to "pinch each other", it will only make the United States reap the benefits of the fisherman, and it is estimated that the United States will wake up with a smile in its dreams.
Some experts pointed out in their reports that the shadow of the United States seems to be behind the current situation in which China and Europe are in the current situation.
For the United States, there are many advantages to doing so, the most direct of which is the ability to dismantle relations between China and Europe.
The United States was the first to announce tariffs on China, in fact, it was a signal to the EU to follow suit.
In addition to this, there is another speculation, that is, for the United States, the EU is also just a "knife".
In fact, in terms of China's current strength and international status, it is difficult for the United States to suppress China on its own.
At this time, the United States needs to find a "knife" that can not only suppress China, but also not have to do it itself.
Once China and the EU start to "pinch each other", then trade between China and the EU will definitely be affected.
And this is something that the United States can wake up with a smile in its dreams, and it can effortlessly undermine China-EU relations and reap the benefits of the fisherman.
Source of the above information: Straight News, June 14, 2024 "Liu Heping: The EU is indispensable for the United States to pick up a trade stick against China"
epilogue
Now that the EU has chosen to "take action" against China, follow the pace of the United States, and begin to impose tariffs on Chinese electric vehicles, China's "counterattack" will soon come.
Once investigated, it is very likely that China will "take action" against the EU's dairy products and imported pork, and this is also the "trick" that China has used against the EU after five days of forbearance.
However, if the trade war between China and the EU unfolds, even if China and the EU do not lose both, it will affect bilateral trade and bilateral relations, which may be good news for the United States.