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At the beginning of October, a trade "earthquake" broke out in Eurasia. The European Commission's proposal to impose countervailing tariffs on Chinese electric vehicles was ultimately rejected in a vote of member state delegates after months of complex negotiations.
The voices of support are deafening, and the voices of opposition are "narrowly won" one after another, but they expose the undercurrent behind this game.
The protagonists of this game are, of course, the two largest economies in the world – the European Union and China. The interests of the European market and the local automotive industry in the EU have been damaged
In order to "maintain fair competition", the European Commission has raised the banner of "countervailing duties" and plans to impose tariffs of up to 363% on China's electric vehicles - EU trade in the new era.
The Chinese Government strongly opposes this, believing that this is a protectionist act that seriously violates WTO rules and will have a negative impact on the global trade order.
Chinese automakers have also spoken out, criticizing the EU's decision as unfair and unreasonable, which will damage the legitimate rights and interests of Chinese companies and ultimately European consumers. Some car companies said that even if the EU insists on going its own way. They will consider taking steps to protect their interests
The picture comes from the Internet
The EU is not monolithic in this game. Ten countries, including France and Italy, voted in favor.
Five countries, including Germany and Hungary, voted explicitly against the tax, and Germany, the "locomotive" of the European economy and close economic and trade ties with China, opposed the tax.
More interestingly, 12 countries chose to abstain. Maybe these countries are worried about a trade war, or maybe they're having a hard time choosing between China and Europe. Pauses and variables
The outcome of this game will have far-reaching implications for China, Europe, and the global economy, and if the two sides fail to properly resolve their differences and allow trade frictions to intensify, it will ultimately be the two sides that will suffer.
For China, the EU is an important trading partner, and the loss of the European market will have a certain impact on China's economy, but China's economy is very resilient, has great potential, and has the ability to face challenges and open up. Establish new markets.
For the EU, China is an important trading partner, and it is not in the EU's own interests to "separate" from China. Global competition.
At a time when globalization is deepening and win-win cooperation is the trend of the times, China and the EU should adhere to the principles of respect, equality and mutual benefit, resolve differences through dialogue and consultation, and safeguard global stability and common development. Trade orders.
The picture comes from the Internet
The final outcome of this game is difficult to predict, but one thing is certain: no country is immune to a complex international situation. Only by working together can we overcome difficulties and create a better world.
What do you think of this trans-Eurasian trade game? You are welcome to leave a message in the comment area and share your views!
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