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>shitty thing if Germany forced the EU to slap tarrifs on imported chinese cars That's not going to happen. The German industry itself doesn't support protecti
by Barrin92 3y ago
>shitty thing if Germany forced the EU to slap tarrifs on imported chinese cars
That's not going to happen. The German industry itself doesn't support protectionism because virtually all carmakers are heavily invested in the Chinese market both for its consumers and for manufacturing.
Audi last year alone invested 3 billion in a new factory in Changchun[1] together with FAW. Anti-subsidy investigations from the EU are not going to result in any major trade issues.
[1]https://www.audi-mediacenter.com/en/press-releases/cornerstone-laid-in-changchun-audi-faw-nev-company-builds-smart-factory-for-e-models-14762 https://www.audi-mediacenter.com/en/press-releases/cornersto...
- Goodroo 3y agoGerman auto firms sell more cars in China than in Europe or the US. European Protectionism would hurt German cars as China would retaliate. In fact Chinese cars like NIO and BYD would benefit from the move at they would now have a 27 million car market for themselves.