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EU may slap retroactive tariffs on Chinese EVs as Commission finds evidence that China has been “unfairly” subsidizing its EV exports (electrek.co)

submitted 8 months ago* (last edited 8 months ago) by 0x815@feddit.de to c/europe@feddit.de

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The European Commission says China hasn’t been playing fair in that its government has been paying subsidies through “direct transfer of funds,” among other actions, reports Reuters – which the EC says tips the balance in China’s favor and leaves European automakers out to dry.

Back in October 2023, Europe launched its formal investigation into the Chinese EV industry, as European companies are struggling to compete with the cheap, high-tech Chinese imports, made by low-cost labor, entering the European Union.

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[–] soggy_kitty@sopuli.xyz 8 points 8 months ago (1 children)

A lot of EU products with national subsidies are usually only available at a cheaper price to occupants in that country. I know it works that way for french car brands.

[–] spacedout@lemmy.ml 1 points 8 months ago

Honestly, when it comes to helping their national companies get ahead in the global market, European countries aren't that different from anywhere else. It's like a global game where everyone's trying to sneak their products into the lead with a little help from home. Think of it as governments giving their players the best gear, secret strategies, and even a map of shortcuts. Whether it's subsidies, regulatory loopholes, or strategic support, the end goal is the same: make sure our team wins, even if it means bending the rules of fair play. So next time you see a European car or product leading the pack, remember, it might have had a little "help" getting there.