France's Le Maire Raises Alarm on Chinese Exports at G-7

Подписаться 2 млн

Просмотров 11 тыс.

50% 1

French Finance Minister Bruno Le Maire says the entire global economy is at risk from a glut of cheap Chinese exports, raising the alarm as Group of Seven countries try calibrate their responses. He also discussed funding for Ukraine during an exclusive interview with Bloomberg’s Oliver Crook on the sidelines of the G-7 meeting of finance ministers and central bankers in Stresa, Italy.
Sign up for the Economics Daily newsletter to discover what's driving the global economy and what it means for policy makers, businesses, investors and you: bloom.bg/4bDyMaG
--------
More on Bloomberg Television and Markets
Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: tinyurl.com/ysu5b8a9
Visit www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more.
Connect with Bloomberg Television on:
X: / bloombergtv
Facebook: / bloombergtelevision
Instagram: / bloombergtv
Connect with Bloomberg Business on:
X: / business
Facebook: / bloombergbusiness
Instagram: / bloombergbusiness
TikTok: www.tiktok.com/@bloombergbusi...
Reddit: / bloomberg
LinkedIn: / bloomberg-news
More from Bloomberg:
Bloomberg Radio: / bloombergradio
Bloomberg Surveillance: / bsurveillance
Bloomberg Politics: / bpolitics
Bloomberg Originals: / bbgoriginals
Watch more on RU-vid:
Bloomberg Technology: / @bloombergtechnology
Bloomberg Originals: / @business
Bloomberg Quicktake: / @bloombergquicktake
Bloomberg Espanol: / @bloomberg_espanol
Bloomberg Podcasts: / @bloombergpodcasts
--------
More on Bloomberg Television and Markets

Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: tinyurl.com/ysu5b8a9
Visit www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more.

Connect with Bloomberg Television on:
X: / bloombergtv
Facebook: / bloombergtelevision
Instagram: / bloombergtv

Connect with Bloomberg Business on:
X: / business
Facebook: / bloombergbusiness
Instagram: / bloombergbusiness
TikTok: www.tiktok.com/@bloombergbusi...
Reddit: / bloomberg
LinkedIn: / bloomberg-news

More from Bloomberg:
Bloomberg Radio: / bloombergradio
Bloomberg Surveillance: / bsurveillance
Bloomberg Politics: / bpolitics
Bloomberg Originals: / bbgoriginals

Watch more on RU-vid:
Bloomberg Technology: / @bloombergtechnology
Bloomberg Originals: / @business
Bloomberg Quicktake: / @bloombergquicktake
Bloomberg Espanol: / @bloomberg_espanol
Bloomberg Podcasts: / @bloombergpodcasts

Опубликовано:

25 май 2024

Ссылка:

Скачать:

Готовим ссылку...

Добавить в:

Мой плейлист

Посмотреть позже

Комментарии : 111

@electromega3077 Месяц назад

Regarding of banning the Chinese green energy goods, this is like people are in the a sinking ship, but you're not allow to use Chinese life jacket because your countries do not produce enough the same life jackets.

@ojogbaneamedu2501 Месяц назад

Strange, Chinese “overcapacity” in clothing, cheap toys, tools, cellphones and more didn’t seem to bother the G7, no concern for how cheap stuff destroys the global economy then. Now that the Chinese might dominate a new industry, the G7 all of sudden think making too many cheap stuff is terrible and is a fear we all across the world must share in.

@ssuwandi3240 20 часов назад

Industrial products aren't Retail you know-it-all dummy

@isaackys Месяц назад

France has an overcapacity and unfair trade on LouisVitton bags, french wines and champagne. This needs to be addressed.

@aryaman05 Месяц назад

How is cheap wine bad ?

@olderchin1558 Месяц назад

@@aryaman05No. But are cheaper cars and power bad? This is complaining when losing and that is ok. But implementing anti-competitor laws is hypocritical.

@Liboch Месяц назад

Cheap EV is good. Very good. Hopefully it will become cheaper so everyone can buy.

@miaomiaotoo 22 дня назад

😂

@ssuwandi3240 20 часов назад

Well but France never did dumping like China Steel and Solar . Why don't you hoard them since you're in love so much

@pabloc.282 Месяц назад

Having cheap green energy prodcuts, could affect the world economy. What a clown! Does he listen to himslef? Laissez-faire, your country man invented that.

@alanccvoo Месяц назад

So to him country first , fck u the planet

@glennnielsen8054 Месяц назад

No, Adam Smith did.

@ssuwandi3240 20 часов назад

No, the French didn't invent the Great IP THEFT.. Get a mirror before finger pointing like usual Upset Weeper Bully would do

@glennnielsen8054 Месяц назад

Bruno Le Maire says the EU's formula for success is innovation, innovation and innovation. Why is reality regulation, regulation and regulation?

@charmainetuffin06 Месяц назад

It is funny that not everyone knows about AMS120X

@alangivre2474 Месяц назад

I thought you were worried about inflation??? Here is China to gift you lots of cheap goods. You should be thankful!!!!

@nicoles9077 Месяц назад

No one wants cheap goods to the detriment of entire industries. Plus, China outright banned google and other US tech companies, requiring foreign companies to partner and transfer technology to China at the detriment of foreign companies wasn’t good on Chinas part either.

@klin1klinom Месяц назад

This is probably the first time I've heard someone openly saying that low prices are a threat. Someone isn't profiting enough. LOOOOOOL

@tonyatgoogle6076 Месяц назад

Exactly, i think that is the main point.

@chiaweinam Месяц назад

he criticized china but clearly did not have the guts to challenge US on its so called inflation reduction act

@whitemoon5752 Месяц назад

Am I hearing this correctly “China is making industrial goods cheaper for all of us” hence not good for the economy 😅

@micaellajoseph Месяц назад

Bought AMS120X at 1$, I will keep it until 2025 when it reach 250$

@sherrillkaytlyn Месяц назад

Thanks for sharing PEPE and AMS120X. 💯

@olderchin1558 Месяц назад

Rules for your competition but not for your friends. This is not about values, this is economic war.

@alangivre2474 Месяц назад

Have lots of cheap green goods can jeopardize global economy, hahahahah. Do you want to solve Global Warming or not?

@fastpistonx Месяц назад

What about France plundering commodities from it's colonies?

@jjsamuelgunn1136 27 дней назад

According to the French finance minister, France should be paying higher prices for those commodities if we don't want to put the 'global economy at risk'. What say you Le Maire

@glennnielsen8054 Месяц назад

I am alarmed by France's public finances. The Chinese do not take a 2-hour lunch break and do not retire at 60. The Chinese do not count working hours and do ESG accounts as dictated by the EU.

@pipitnjoto5824 Месяц назад

Is is unfair to point a certain country overcapacity while your own country cannot compete. Consumers wants cheaper goods and more choices.

@pranil135 Месяц назад

Cheap prices will a jeopardise world economy ? Will not help poor countries ?

@tonyatgoogle6076 Месяц назад

Cheap products raise living standards, cut inflation and making money in your pockets go further.

@ssuwandi3240 20 часов назад

You cry when the rich countries mine and trade your products. You STILL cry when you can't afford your own President's corruption.. So hopeless your mom should apologize for giving birth!!

@ben8718 Месяц назад

Nobody can afford western made solar or any product that is the problem, there won't be a green transition with how costly its for third world countries to purchase western made products

@joem0088 Месяц назад

G7 has no control over production and trade of other countries. It can only control it's share.

@aihong2971 Месяц назад

I thought green was good. Now Paris is saying green is bad. Airbus has overcapacity that China is a major purchaser. Stop making planes. Unfair!

@johnnywalker2870 Месяц назад

When losing, cry "unfair". Otherwise, you must admit inferiority!

@kabatake Месяц назад

For the life of me, i cannot understand why has EU and USA have now a protectionist stance. I was a student of the Washington consensus which promote trade liberalization and how trade benefited the wealth of all countries based on Ricardian model of comparative advantage. We established GATT and formalized it into the WTO of which all EU counties and USA were signatories. So what happened to the days of reducing tariff and trade barriers. USTR spent the decades of the 80s and 90s to reduce trade barriers. Now we are just doing the opposite. So disappointing. They don’t do what they preach. No more credibility by EU and US trade officials

@pchaneyo Месяц назад

Bad loser that scream "un fair" when losing the game.

@jetli740 Месяц назад

logic you produce more to sell what logic is produce just enough for own use? I lost with these bonker

@glennnielsen8054 Месяц назад

None of the initiatives Bruno Le Maire mentions is enough to move the needle. France is in reverse gear.

@davehowos3557 Месяц назад

Why does the West, being the land of free market, think it should regulate prices of goods in the market. Shouldn't it be looking to get the lowest price for the best quality for the consumer. Isn't that what a free market is all about.

@ebeyslough Месяц назад

I read “Genitalia” in the background.

@jetli740 Месяц назад

😂😂😂😂😂

@fannyalbi9040 Месяц назад

oh i guess what they r

@Liboch Месяц назад

I am waiting for the EV to become cheaper, not to become more expensive.

@glennnielsen8054 Месяц назад

Bruno Le Maire loves the idea of joint debt, because then he and France will not have to pay. It's convenient when you can't.

@johnoktavianus7738 Месяц назад

Well Cheaper produk and high quality is not good for Consumer.. 😂😂😂

@francescovallone6870 Месяц назад

The difference between Le Maire and the Italian Giorgetti is merciless, why are Italian politicians so under-par?...

@studiosys Месяц назад

And whos going to pay the higher cost of consumer goods : the consumer ..

@aghassimkrtchyan6323 Месяц назад

He basically said, having too much cheep industrial devices for green economy could undermine global economy . I thought he will say could undermine the global warming :)

@glennnielsen8054 Месяц назад

A strategy that is also seen in Italy is that things will probably get better, but in three years.

@nellyjohnson7316 Месяц назад

If you don’t like Chinese products then buy what you need from somewhere else, like Mexico.

@liewkinglim Месяц назад

China should go it alone. The world is not just EU and USA.

@michaelkoh2280 23 дня назад

Over capacity is the foundation of trade. Hence there is nothing negative about overcapacity.

@lastChang Месяц назад

Countries now are smart enough to know about China 🇨🇳. It can't fool others anymore.

@hlkp333 29 дней назад

Everyone misunderstanding his comments about China. It's not about Chinese products being too cheap, it's about them being artificially cheap due to massive public subsidies, thereby biasing fair economic competition.

@yummytummy88 18 дней назад

You meant like the inflation reduction Act?

@mic3099 Месяц назад

France green industries. 😮

@chiaweinam Месяц назад

an American lap dog

@tranminhtam785 Месяц назад

LONG TERM COMMITMENT !! FRANCE DEBT LEVEL WILL RISE TO 200%-IN THE MOVIE 4 OF "THE MAGNIFICENT SEVEN" ENDED UP DEAD

@tashitibuimodeste5100 28 дней назад

I thought he about to say he going to bring down the chiness economy. 😂

@brianlee6260 29 дней назад

Ok, let's wait and see how this will work out for you

@pchaneyo Месяц назад

Strange that we dont hear ecological Activists about "overcapacity" of Green technology by China.

@bowerfrank 27 дней назад

Sounds like Sir Humfrey in Yes Prime Minister.

@sudeshbarwe8742 Месяц назад

His voice is identical to President Macron

@pkwong1940 28 дней назад

Ukraine will be gone within the next few months. Now EU is talking about funds not arms. Wow! Overcapacity again. EU have a problem with the China model. You think China is subsidising the rest of the world? Really? Why not drop buying Chinese foodstuffs. Why not restrictions sale if wine and luxury goods to China?

@henrywid Месяц назад

Blah blah blah. G7 is collapsing and falling behind

@jennifer-oc6io 29 дней назад

Very arragont French. He keeps saying that France is the best

@relax-ie3mp Месяц назад

Fool, peace is free.

@ArabicReja973 Месяц назад

It's not the percentage of the export goods that count. It's the Chinese regime's *predatory trading behavior* that causes pushback from other countries.