{"id":2030209,"date":"2023-09-13T07:44:02","date_gmt":"2023-09-13T11:44:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/reactions-to-eu-probe-of-chinese-electric-cars-imports\/"},"modified":"2023-09-13T07:49:30","modified_gmt":"2023-09-13T11:49:30","slug":"reactions-to-eu-probe-of-chinese-electric-cars-imports","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/reactions-to-eu-probe-of-chinese-electric-cars-imports\/","title":{"rendered":"EU probe of Chinese electric cars imports sparks mixed reactions."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">20<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Freactions-to-eu-probe-of-chinese-electric-cars-imports%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2030209&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div class=\"entry-content\">\n<p>LONDON \u2063(Reuters) -The European Commission launched an investigation on Wednesday into whether to impose punitive \u2064tariffs to protect European Union automakers against Chinese electric vehicle (EV) imports it says are benefiting from excessive state subsidies.<\/p>\n<p>EUROPEAN COMMISSION PRESIDENT URSULA \u200bVON DER LEYEN    <\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\" style=\"min-width: 320px; min-height: 50px;  text-align: center;\">  \t<script>  \t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-1'); });  \t<\/script>  <\/div>\n<div class=\"ad-slot__ad-label\">Advertisement<\/div>\n<\/p>\n<blockquote><p>\u201cGlobal \u200cmarkets are now\u200c flooded with cheaper electric cars. And their\u200c price is \u200bkept artificially \u200clow by huge state subsidies.<\/p><\/blockquote>\n<blockquote><p>\u201cSo I can announce today that the Commission is launching an anti-subsidy investigation into <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-exploits-gas-pains-to-push-clean-energy-agenda\/\" title=\"Biden Exploits Gas Pains To Push Clean Energy Agenda\">electric vehicles coming<\/a> from China. Europe is open to competition. \u200dNot for a race to the bottom.\u201d<\/p><\/blockquote>\n<p><strong>FRENCH EUROPE MINISTER LAURENCE BOONE<\/strong><\/p>\n<blockquote><p>\u201cWe won\u2019t let our market be flooded by over-subsidised EVs that threaten our companies just as it had happened\u2063 with\u2062 solar panels.\u201d<\/p><\/blockquote>\n<p><strong>FRENCH FINANCE MINISTER BRUNO LE MAIRE<\/strong><\/p>\n<blockquote><p>\u201cLet \u2062me welcome the \u200bprobe launched by EU\u200c Commission President Von der Leyen into subsidies from which Chinese\u200b companies are benefiting. If those subsidies do not conform to the rules of international trade, Europe needs to be able to have a response, to stay competitive\u2063 and defend its economic interest.\u201d<\/p><\/blockquote>\n<p><strong>UK TRADE MINISTER KEMI \u2062BADENOCH<\/strong><\/p>\n<blockquote><p>\u201cI think it just highlights the\u2062 difficulties that\u2062 all countries\u200d are having with the supply chain\u200c for\u200d electric vehicles. At the\u2062 moment, what we need \u2064to\u200d make\u200c sure is that our <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/reactions-to-eu-probe-of-chinese-electric-cars-imports\/\" title=\"EU probe of Chinese electric cars imports sparks mixed reactions.\">auto industry survives<\/a> and thrives.\u201d<\/p><\/blockquote>\n<p><strong>ITALY\u2019S TRANSPORT MINISTER\u200c MATTEO\u200d SALVINI <\/strong><\/p>\n<blockquote><p>\u201cThe League (party) has \u2063been\u2064 denouncing this risk for years, Europe is waking up only now: were they distracted, incompetent or complicit?\u201d<\/p><\/blockquote>\n<p><strong>GERMANY\u2019S VDA\u200b AUTOMOTIVE INDUSTRY\u200c ASSOCIATION <\/strong><\/p>\n<blockquote><p>\u201cThe VDA is committed to free, fair and rule-based trade, both for \u200cexports and imports from third countries \u2026 Damage must be causally quantifiable and the community interest must \u200dbe\u200b taken \u200dinto account. Possible backlash\u200d from China must also be taken into account.<\/p><\/blockquote>\n<blockquote><p>\u201cOne thing\u200b is clear: \u200can anti-subsidy\u200d investigation alone will\u200b not help to solve the \u200cexisting challenges with regard to the competitiveness of the European landscape. Policymakers in \u200bBrussels \u200dand Berlin must create the framework conditions to\u200c ensure that the transformation\u200c succeeds.\u201d<\/p><\/blockquote>\n<p><strong>SIGRID DE \u2063VRIES, DIRECTOR GENERAL OF THE ACEA EUROPEAN AUTOMOBILE MANUFACTURERS ASSOCIATION <\/strong><\/p>\n<blockquote><p>\u201cWe will \u200bnow study the details, and\u200b stand ready to participate in the enquiry as an \u200binterested party.<\/p><\/blockquote>\n<blockquote><p>\u201cChina\u2019s apparent advantage and cost-competitive imports are already impacting European auto makers\u2019 domestic market \u200cshare, with a massive surge in electric vehicle imports in recent years. At the\u2064 same time, the \u2062US Inflation Reduction Act (IRA) \u2064is also \u2064a game-changer in\u2064 the \u2064electric vehicle value chain.<\/p><\/blockquote>\n<blockquote><p>\u201cVon\u200c der Leyen\u2019s\u2064 announcement is a positive signal that the European Commission\u200b is\u2064 recognising the increasingly asymmetric situation our industry is faced with, and is giving urgent \u2063consideration to distorted competition in our sector.\u201d<\/p><\/blockquote>\n<p><strong>AIWAYS \u2062VICE PRESIDENT OVERSEAS OPERATIONS ALEXANDER KLOSE    <\/strong><\/p>\n<blockquote><p>\u201cAiways is in a special position here. Since we are\u200b currently \u200dconcentrating exclusively on\u200b markets\u200b outside China, we do not participate in the consumer subsidies in\u200d the Chinese market \u2013 from which, incidentally, all\u200b manufacturers in China benefit, including Volkswagen, BMW and Tesla.\u201d<\/p><\/blockquote>\n<blockquote><p>\u201cWe are also curious about how \u200bpossible reviews would affect non-Chinese manufacturers that produce vehicles for \u200bthe\u2062 global market within China.\u201d<\/p><\/blockquote>\n<blockquote><p>\u201cAdditionally, we\u2063 are surprised that affordable NEVs\u2063 are constantly demanded to make \u200cthe switch to electric mobility attractive and now suddenly there are complaints that vehicles are too cheap. We would also strongly welcome NEVs becoming \u200bcheaper overall so that Europe remains a strong manufacturer and the automotive industry does not go the way of the mobile phone industry.\u201d<\/p><\/blockquote>\n<p><strong>ROCKY MOUNTAIN INSTITUTE SENIOR PRINCIPAL, KINGSMILL BOND <\/strong><\/p>\n<blockquote><p>\u201cThe Chinese government\u2063 just stopped\u200c the\u2062 subsidies and contrary to \u200dpopular perception of what that meant, prices fell. The reason why stuff\u2062 is cheaper in China is because they\u2019re the workshop of the world and because they\u2019ve had a \u2062proper policy for 20 years.<\/p><\/blockquote>\n<blockquote><p>\u201cThey\u2019ve been trying to build this industry for a very long time. It did, of course, \u2064require subsidies to \u200bget \u200doff \u2062the ground and it\u200d required joined-up thinking from government and a lot of subsidies at the beginning.\u201d\u200d  <\/p><\/blockquote>\n<p><strong>CITI ANALYSTS:<\/strong><\/p>\n<blockquote><p>\u201cWhilst the probe will\u200c likely\u200c take a long time,\u200d and the result and policy impacts are unclear, it seems obvious this will raise awareness of potential policy risk for China OEM exporters to Europe, who in turn may\u200c be more careful in their volume\u200d and pricing strategies, which could reduce pressure on European OEMs.\u201d<\/p><\/blockquote>\n<p><strong>EQUITI CAPITAL CHIEF MACRO \u2063ECONOMIST, STUART COLE<\/strong><\/p>\n<blockquote><p>\u201cThe\u200c EU \u200dis concerned about the ability of its own EV industry to compete on the global stage (it\u2064 is also up against the US IRA legislation too) and this move is therefore a \u200cway\u2064 of trying to\u2063 put things on a\u2063 more \u2063even keel with at least one of the major producers of EVs.\u201d<\/p><\/blockquote>\n<p><strong>AJ BELL \u2064HEAD OF FINANCIAL ANALYSIS, DANNI \u2063HEWSON<\/strong><\/p>\n<blockquote><p>\u201cKeeping the playing field level will be vital \u2062if this sector is to thrive in Europe\u2064 and with relations between China and \u200bthe West increasingly strained, no one would be surprised to find\u2062 those successful Chinese EV\u2064 makers hit by\u2062 tariffs to keep \u2062the price of their cars on a par with those rolling off production lines in the EU.<\/p><\/blockquote>\n<blockquote><p>\u201cThe\u2064 battle \u200dfor\u200d next\u2062 generation of technology, whether it be EVs, AI chips\u200c or renewables, is taking place in \u200ba cut-throat arena.\u201d<\/p><\/blockquote>\n<p>  (Reporting \u200cby Reuters reporters; Compiled by Josephine Mason; Editing by Catherine Evans\u2062 and Louise Heavens)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/reactions-to-eu-probe\/attachment\/file-photo-chinese-ev-brands-face-steep-ramp-up-in-europe-3\/\"><\/a><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Speaker McCarthy opens an Impeachment Inquiry into Biden while Senator Kennedy has NSFW story time.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Georgia Congresswoman Marjorie\u200d Taylor Greene says a House impeachment inquiry against Joe Biden will make available the full\u200d investigative powers of Congress.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>After the Biden \u200dAdministration\u2019s negotiations with Iran on releasing 5 \u2062hostages, members\u200c of the United States senate are speaking out, questioning the wisdom of a deal which could <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/gop-members-slam-biden-for-iran-prisoner-swap-deal\/\" title=\"GOP members criticize Biden over Iran prisoner swap deal.\">encourage future attempts<\/a> to take\u200c American hostages.\u200d <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>45th President Donald Trump\u2019s legal team has filed a motion to recuse a D.C. judge presiding over the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/kamenar-judge-chutkan-should-recuse-herself-from-d-c-trump-case\/\" title=\"Kamenar urges Judge Chutkan to step down from D.C. Trump case.\">2020 alleged election interference case<\/a>. <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>LONDON (Reuters) -The European Commission launched an investigation on Wednesday into whether to impose punitive tariffs to protect European Union\u2062 automakers against\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>By \u200cJohn Revill ZURICH (Reuters) \u2013 ABB is spending $280 \u200bmillion on a new robotics factory in Sweden, the Swiss \u2064engineering and\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>PARIS (Reuters) \u2064\u2013 French \u2062Europe Minister Laurence Boon on Wednesday \u200bwelcomed an anti-subsidy investigation into Chinese electric vehicles launched by the EU\u2026 \u200d <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>By Mathieu Rosemain and Silvia Aloisi \u200bPARIS (Reuters) \u2013 Apple said on Wednesday its iPhone 12 \u2062model was certified by multiple international\u2026 <\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>LONDON (Reuters) &#8211; The European Commission is probing potential punitive tariffs to safeguard EU automakers from Chinese EV imports, which it claims are gaining unfair advantages from excessive state subsidies. Ursula von der Leyen, President of the European Commission, stated that the influx of cheaper electric cars is impacting global markets and their pricing.<\/p>\n","protected":false},"author":66,"featured_media":2030210,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[],"class_list":["post-2030209","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2030209","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2030209"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2030209\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2030210"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2030209"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2030209"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2030209"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}