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> put in place originally and ironically to protect the Chinese car market Patrick Boyle has a fantastic essay on this: https://www.youtube.com/watch?v=rZgaj0

• seanmcdirmid 3y ago
  There is a 10% tariff in cars from China into the EU (I’m sure that’s reciprocal). > Europe levies a duty of 10% on cars imported from China. That compares with duty of 27.5% in the United States, and China's manufacturers have taken advantage to carve out a significant and rapidly growing foothold in the European https://www.cnn.com/2023/09/13/cars/europe-china-electric-car-subsidies/index.html#:~:text=Europe%20levies%20a%20duty%20of,foothold%20in%20the%20European%20market https://www.cnn.com/2023/09/13/cars/europe-china-electric-ca.... Of course, Europe is more than just the EU. And I don’t think the EU will shy away from protectionism, since China does the same. But in that case I’m sure BYD will just open up a factory in one of the cheaper EU countries (if they haven’t started that already).
  • Al-Khwarizmi 3y ago
    > Of course, Europe is more than just the EU. And I don’t think the EU will shy away from protectionism, since China does the same. But in that case I’m sure BYD will just open up a factory in one of the cheaper EU countries (if they haven’t started that already). Yes, already happening in Hungary. https://www.byd.com/eu/news-list/BYD_to_Build_A_New_Energy_Passenger_Vehicle_Factory_in_Hungary_for_Localised_Production_in_Europe.html https://www.byd.com/eu/news-list/BYD_to_Build_A_New_Energy_P...