this post was submitted on 09 Aug 2024
47 points (100.0% liked)

World News

38978 readers
3500 users here now

A community for discussing events around the World

Rules:

Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.

We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.

All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.


Lemmy World Partners

News !news@lemmy.world

Politics !politics@lemmy.world

World Politics !globalpolitics@lemmy.world


Recommendations

For Firefox users, there is media bias / propaganda / fact check plugin.

https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/

founded 1 year ago
MODERATORS
 

Chinese electric carmakers raced to get EVs into the bloc ahead of the July 5 deadline when new EU tariffs went into effect, betting they would not face backdated duties. 

But they may have miscalculated, with the European Commission saying that it will come to a decision in the fall on whether to make the duties retroactive from March.

As part of its investigation into whether Chinese automakers obtained improper subsidies, the European Commission required customs agencies of member countries to track all made-in-China EVs from March, which would give the EU executive the flexibility to retroactively apply the duties. This is a tactic aimed at deterring companies from flooding the market ahead of an expected tariff boost.

Despite that warning, the automakers still took the risk. Shortly after the Commission announced higher-than-anticipated duties on EVs in June, Chinese carmakers frantically put as many vehicles as possible onto container ships sailing to the EU.

top 9 comments
sorted by: hot top controversial new old
[–] cynthorpe@discuss.online 2 points 3 months ago (2 children)

Instead of focusing all this energy on taxing cheap electric vehicles, maybe they could spend that time making cheap electric vehicles themselves

[–] Deceptichum@quokk.au 8 points 3 months ago (1 children)

They can’t compete with China on how little they value human life.

Very few countries can go cheaper than that.

[–] cynthorpe@discuss.online 2 points 3 months ago

Be careful, you’re going to attract a hexbear

[–] Dead_or_Alive@lemmy.world 1 points 3 months ago (1 children)

The CCP strategically cornered the market in more than a few critical areas for EV production. Individual Western firms are not able to compete with a well funded and coordinated effort by a state actor to control every stage of the production process.

On top of that the real estate crisis China has caused local consumption to crater. The means that China is looking to the West for markets to dump their over capacity.

No country is going to sit idly by while their industrial base is directly threatened especially in a critical area such as green tech. Especially by an openly hostile power such as China.

[–] cynthorpe@discuss.online 1 points 3 months ago (1 children)

I mean. Free market. Government shouldn’t be involved, or something…

[–] Dead_or_Alive@lemmy.world 1 points 3 months ago (1 children)

Yep, but the CCP is involved and is actively tilting the market in their companies favor.

Western Democracies don’t have to honor the free market if the CCP does not.

[–] cynthorpe@discuss.online 1 points 3 months ago (1 children)

FREE market. That’s how it works.

[–] Dead_or_Alive@lemmy.world 1 points 3 months ago (1 children)

lol, no the “Free” market you refer to does not work that way.

[–] cynthorpe@discuss.online 1 points 3 months ago

Anything goes. Which is why there will be sanctions and tariffs. Anything goes