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EU car industry is toast as it's already being protected by tariffs starting today. This will hit other, relatively healthier, industries as China retalliates w
by gokhan 2y ago
EU car industry is toast as it's already being protected by tariffs starting today. This will hit other, relatively healthier, industries as China retalliates with its own tariffs.
https://www.reuters.com/business/autos-transportation/eu-slaps-tariffs-chinese-evs-risking-beijing-payback-2024-10-29/#:~:text=BRUSSELS%2C%20Oct%2029%20(Reuters),and%20prompted%20retaliation%20from%20Beijing https://www.reuters.com/business/autos-transportation/eu-sla...
- pantalaimon 2y agoIf China enacts tariffs on European dairy and pork, that would actually be good for the environment. Those are also heavily subsidized in the EU to the point that they are usually cheaper than plant based alternatives
- fvdessen 2y agoWe’ll get farmer riots and extreme right governments who on top of being racist have extremely self destructive economic programs