@@tooltalk have you seen how much are BYD selling their cars in EU? They are double the price compared to China. What illegal subsidies are you talking about? You mean Tesla receiving subsidies & 7500USD discount from the US Gov?
US Gov didn't subsidize Tesla sold overseas! That's the point of Overcapacity while the US offers strictly per US taxpayers / buyers Tesla has established its own markets fairly.
@@tooltalk when the Chinese can't compete, its "free market". But when you can't compete with China, its prorectionism through tariffs. "Over capacity" lmao.
China should remember this shameful abuse of WTO rules by US, and "conveniently" followed by vassal EU states. There will be occasions in future when the West will have so-coined "overcapacity" in some items that China may not have started to produce in numbers. So, apply tariffs on those when they come.
It is ironic Phillippe Le Corre refers to China's "overcapacity"... how about Germany's overcapacity since it sells so many cars in China ? And should China then impose tariffs on all German cars ?
Germany exports 75% of its car’s manufactured, Japan and Korea export 50% & 60% of their cars and China exports 15% of their cars and they say China has overcapacity. How ridiculous do they sound.😂😂
Your EU guys hit Chinese EVs with unfair tarriffs, the Chinese will hit back the same on EU gasoline & EV cars into China. Both sides lose but 1 side would lose more than the other.
Many Chinese who drive European cars have no problem at all to buy Chinese brand cars as it is so much cheaper. In fact the cost of 1 European car you can buy 2 Chinese brand cars. But Europeans who drive Chinese cars now will have problems buying overpriced European cars. So, who is gaining and who will lose more?
China sells their affordable EV to the whole non-west world... 😉 Not many countries have their own car industry, so importing makes more sense. And China can provide best value for money.
EU's cars are luxury high-valued ones, which can be easily replaced by Chinese cars, so, if the trade war takes place, EU is gonna lose big and miserably.
All Chinese remember this. Chinese can go and travel anywhere within China without having to drive BMW , Mercedes, Audi, Ford, Renault, VW or Porches. Many Chinese brands of EVs are good enough, cheaper, more reliable and cost efficient as no gasoline is needed. Besides it doesn't produce emissions that pollute our environment. Please think about it.
China can easily find other markets to focus on such as Southeast Asia, Australia , South America and etc but Europe won’t be able to find another China.
@@tooltalk Use some brains: Since last year, China has been the BIGGEST car manufacturer and exporter in the world, (overtaking Germany and Japan,) and Chinese cars are EV. That means other countries must have been buying and importing Chinese EV for China to become number one. We know America is not buying or importing Chinese EV -- Chinese EV is banned in the US and Canada. Europe is not really buying or importing Chinese EV. BYD sold only about 9,000 EV to EU since last year, while Germany sold 4.5 MILLION cars to China... so who's "overcapacity"? If Germany can't consume that many cars themselves and have to export MILLIONS of cars, then it seems like it's Germany that has been overproduced and "overcapacity". So far Australia certainly has not been buying or importing Chinese EV. So, where do you think China has been selling its EV to have become the world's number-one biggest car exporters? Some other countries had to have been buying and importing Chinese EV for China to become the number-one car exporter in the world, right? Since it's not America, Canada, EU or Australia -- i.e., the "developed world" that have been buying Chinese EV, then logically the buyers and customers must have been "OUTSIDE the developed world". THINK.
@@ktchong5800 oh no, another low-IQ angry panda. Firstly, Russia is the largest importer of China's auto exports, mostly ICEs. Second, the German gov't doesn't subsidize "overcapacity." China does. Third, the German automakers make mass-volume vehicles locally in China. Fourth, in 2023, about 40% of all Chinese EV exports ended up in EU; another 15%-20% to non-EU European nations
@@ktchong5800 brain isn't your strength. About half of Chinese car exports are ICE and Australia's import of EV already dropped by 20% last month. Most German cars sold in China are locally made in China.
Simple when it is the west, it is free market. When it is China, it is over-capacity. When Boeing was the virtual monopoly and selling commercial planes to the whole world - no over capacity. When the duopoly Boeing and Airbus cornered the world market - again no over capacity. When European and US ICE cars flooded the world market - no over capacity. But when Chinese EV has a small fraction of the EU market and almost zero in the US - suddenly there is over capacity.
This is covered under REGULATION (EU) 2022/2560 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 14 December 2022 on foreign subsidies distorting the internal market: ... Foreign subsidies in markets characterised by overcapacity or leading to overcapacity by sustaining uneconomic assets or by encouraging investment in capacity expansions that would otherwise not have been built are likely to cause distortions. A foreign subsidy to a beneficiary that shows a low degree of activity in the internal market, measured for instance in terms of turnover achieved in the Union, is less likely to cause distortions than a foreign subsidy to a beneficiary that has a more significant level of activity in the internal market. ..
Overcapacity means I can't compete with Chinese products that I have to become protectionist even though I have been lecturing so much about free market system...😅
Blame US and German Governments not Chinese. Sanctions and tariffs were imposed unilaterally by them. There is no Chinese vehicles in US or EU, but all major US and German car factories are in China. Who is over producing?
So when Japanese car makers, Toyota and Honda..makes so much cars and sell to USA, And the rest of the world.. no one said they were over producing. Boeing and Airbus is over producing Jumbo jets for the rest of the world..
1.4 billion and millions Chinese must stay united againts US lead hegemon. Buy local BYD , NIO ,XPENG , LI , XIOMI and many more. Close your market to them and see whos market is bigger ✌️ ✌️ ✌️
Most people did not know what happened to the Korean product market in China. After Korea agreed to let US install missiles on its soil, the netizens quietly withdrew from the market. Samsung phones were #1 in China, it is not even in the top 10 today. Samsung TV Is non-existent. Same as Korean fridges and washing machines. Korean car sales were so bad, they had to shut the factories. No counter-tariff is needed, my friend. Just wait and see.
Europe imposes tariffs on China's automotive industry. Chinese automotive companies take over all market share of European automotive companies in China. This is very fair. My proposal balances fairness and reasonableness. Compliant with the law and international standards based on strength.
Habek declared tzriffs on China is benefic8al for China. Ever heard anythingb so ridiculous? What exactly is over capacity? 75 % of Germzn cars are exported. Is that over capacity ? Please explain.
Germany must take care of it's interest before the United States and the EU. It must put Germany First. Hadbeck cannot speak for Germany and for the EU. The interest of Germany is not the same as the interest of the EU.
EU exports are luxury high-valued cars and other goods, which can be easily replaced by Chinese cars, so, if the trade war takes place, EU is gonna lose big and miserably. Therefore, EU is essentially using the threat of tariff to negotiate .
EU following blindly along with the US again. With tariffs no one wins but yet they continue implementing them again and again. Bunch of smart scholars here.
If the world wants a multi-polar world order ie. all countries are treated as EQUAL and with respect and is allowed to do trading with any country (be it large or small country) then these countries should SUPPORT China EVs. Otherwise the west will continue with their hegemonic world order that is, only they choose who to trade with and spam nations they felt it is a threat to them with sanctions. Supporting China EVs also address the climate change problem as the west think that their own interest is more important then the climate global warming problem.
China should do something to curb the overcapacity by imposing high tariff on foreign cars in China. German should not be worried, that the same way EU assured China.
they are worried because they have nothing to bring to the table, they have no good EV, they are literally asleep on wheel. If EU want to play tariff card, well it takes two to tango.
Germany does not represent Europe. What's good for Germany does not necessarily mean it's good for other European countries that do not have an automotive industry. Spain's export will get impacted even though the tariffs does not provide any benefits to them.
Germany says his 3:38 p country does not want the extra tariffs to Chinese EVs. The EU has already to put tariffs on Chinese EVs. Quedtion is: will Germany implement it. If so why asking China to ....
You would think overcapacity would mean the cars are sitting on a lot unsold. But those are just gas vehicles in America. Like tryna ask a smart kid to be stupid
As Germany is part of EU, the tariff imposed on China EV shall be expected to face retaliation as expected. Just be prepared those German made petrol car 2500cc and above heading to China hit with similar tariff.
Even without a countermeasure, European car sales will suffer in the Chinese market. Check out the BYD Seal, Xiaomi SU7 and the Yangwang U9. They are better than the Porsche and BMWs.
