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 @ISIDEWITHNewsTariffsEuropean UnionTrade WarIndustrial policy4 days ago

EU leaders demand new trade defenses to counter cheap Chinese imports

EU leaders met in Brussels this week to confront a record trade deficit with China that has reached €1 billion per day.

To protect local industries from a "China shock" of state-subsidized exports, the European Commission was tasked with developing a new diversification law to penalize unfair competition. While France is pushing for aggressive U.S.-style tariffs, Germany remains cautious due to fears that a full-scale trade war would invite devastating retaliation against European automakers. The bloc is specifically concerned that Chinese overcapacity in electric vehicles and green technology will lead to the permanent deindustrialization of Europe's manufacturing sectors.

Detailed proposals for these beefed-up trade weapons are expected to be finalized and presented by the Commission later this year.

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4 Replies

 @ISIDEWITHlinked…4 days4D

EU Leaders Warn on China Imbalances But Respond Cautiously

https://bloomberg.com

 @ISIDEWITHlinked…4 days4D

Germany backs French push for US-style tariffs and quotas

https://ft.com

 @ISIDEWITHlinked…4 days4D

How does the EU protect itself from Chinese trade dominance?

https://reuters.com

 @BF4CL4J from Minnesota  commented…4 days4D

China Made Make The Cheapest Products, But They Also Make The Worst Products.

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 @ISIDEWITH submitted…2yrs2Y

Elizabeth Warren Walks Back Murder Comments

Congressional Democrats broadly denounced the murder of UnitedHealthcare CEO Brian Thompson Friday morning, after Republicans started accusing Sen. Elizabeth Warren of excusing violence.“No one's condoning this,” said Rep. Brad Schneider (D-Ill.). “Violence never is the right answer for anything. And it was a horrible murder, a tragic loss for his family.” Warren this week condemned the shooting, but added that people “can be pushed only so far.”"We'll say it over and over," Warren said on MSNBC’S “The ReidOut.” " Violence is never the answer. This guy [Luigi Mangione] gets a trial who's allegedly killed the CEO of UnitedHealth, but you can only push people so far, and then they start to take matters into their own hands."In a statement to POLITICO, Warren said, “Violence is never the answer. Period. I should have been much clearer that there is never a justification for murder.” Top Republicans denounced Warren's comments and the walked-back rhetoric, with House Majority Leader Steve Scalise (R-La.) calling it “inappropriate and dangerous.”Some House Democrats asked about the incident on Thursday pivoted the conversation to discuss policy options on health care or gun safety.“I don't really know that this is really a space that Congress normally weighs in on,” said Rep. Jasmine Crockett (D-Texas). “But at the end of the day, I think it’s an opportunity, because now people are talking about health care and to talk about the fact that this industry has honestly not been as helpful as it could be.”“Violence is never the answer,” said Rep. Troy Carter (D-La.). “We know that there are people suffering, there’s great challenges in healthcare. There's great challenges, and people have, in fact, been wronged, but a process of governance is the way to address that, not violence.”And Rep. Ted Lieu (D-Calif.) who denounced the murder, said the killer should be prosecuted and that “I do know that allegedly a ghost gun was used, and we should also ban ghost guns. There's no reason for them beyond the streets.”

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