日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

Global EditionASIA 中文雙語Fran?ais
Opinion
Home / Opinion / Chen Weihua

Rising trade protectionism in the West disturbing

By Chen Weihua | China Daily | Updated: 2024-11-01 07:54
Share
Share - WeChat
Hundreds of vehicles manufactured by Chery line up at a port of Wuhu, Anhui province, on March 10, awaiting export. [WANG YUSHI/FOR CHINA DAILY]

The European Commission's decision to impose countervailing duties on Chinese-made electric vehicles is the latest protectionist move by Western economies which once championed free trade, but not anymore.

The punitive tariffs, starting on Thursday for a period of five years, are aimed at protecting the European Union's EV industry from Chinese competitors. But the fact that only 10 of the 27 EU member states voted in favor of imposing the tariffs in early October shows how unpopular the move is.

Many economists and trade experts have pointed out that government subsidies are not a major factor for the huge competitive edge China's EV industry enjoys. In fact, US and EU carmakers, from General Motors and Tesla to Volkswagen and Renault, have all benefited from China's EV industry boom.

The economists and experts have also said that shielding EU carmakers from international competition by imposing high tariffs on imports will not make them more competitive or innovative; instead, it could undermine their competitiveness.

The US is much worse than the EU in this regard, as it has decided to impose 100 percent tariffs on Chinese-made EVs, a move that even The Economist magazine decried as "bad policy, worse leadership" in disintegrating the global trade system.

US Commerce Secretary Gina Raimondo led the fearmongering against Chinese-made EVs by alleging they collect data on the driver, and the locations and surroundings they pass through, and thus pose a national security risk. One can make a much stronger case of surveillance against US tech products, which are sold all over the world. After all, the National Security Agency runs the biggest surveillance program in the world and has installed backdoors in many US tech products.

Both the United States and the EU played a critical role in China's globalization process. They did the same for some other developing nations. But what the world has been witnessing over the past years is that the two largest Western economies have increasingly turned protectionist.

The popular perception is that Republicans and Democrats don't see eye-to-eye on anything, except taking a tough stance against China. But that is not entirely true, because they also agree on trade protectionism. The fact that neither party would talk about any new free trade agreement is the best proof they agree on protectionism.

The Joe Biden administration has not revoked former president Donald Trump's tariffs on Chinese products as he once promised, because in the US that is seen as being politically incorrect. He only replaced US punitive tariffs on EU steel and aluminum with a quota system.

Most economists, including former International Monetary Fund chief economist Maurice Obstfeld, in his article last week, agreed that the US tariff wars hurt US consumers, workers and businesses. Europeans, who revere the US as their closest ally, learned a bitter lesson when Trump canceled the talks on the Transatlantic Trade and Investment Partnership after he withdrew the US from the Trans-Pacific Partnership agreement.

Many in the EU had pinned high hopes on Biden but were disappointed with him because he didn't show any interest in reviving the TTIP.The EU cried foul when Biden implemented the Inflation Reduction Act, a law that has been criticized as protectionist even by US allies.

The widely publicized EU-US Trade and Technology Council, launched in 2021, has also been described by EU trade experts as only a talk shop with little substance. With the 2024 US presidential election only days away, much of the talk in the EU is centered on how to prepare for the shocks of more US protectionist measures, regardless of who wins the election.

The EU's competitiveness report by Mario Draghi in September warned against resorting to protectionism to meet the challenges from the US and China. Yet the EU's tariffs on Chinese-made EVs are a major protectionist move, although it will not make the European economic bloc more competitive; instead, it will slow down the bloc's ambitious green transition.

The author is chief of China Daily EU Bureau based in Brussels.

[email protected]

Most Viewed in 24 Hours
Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 色呦呦在线观看视频 | 亚洲人成一区二区三区 | 国产激情一区二区三区四区 | 日本www视频在线观看 | 欧美日韩亚洲国内综合网俺 | 亚洲一区二区三区视频 | 成人国产激情福利久久精品 | 国产综合50p | 网站一区| 国产综合亚洲精品一区二 | 国内精品一区二区三区最新 | 中日欧洲精品视频在线 | 一级毛片在线免费观看 | 久久综合九色 | 亚洲免费视频一区 | 婷婷色在线 | 国产午夜亚洲精品国产 | k8久久久一区二区三区 | 午夜视频在线 | 五月婷婷在线播放 | 欧美地区一二三区 | 一二区 | 梦中人在线观看免费完整版 | 欧美视频a | 欧美a级成人淫片免费看 | 久久精品国产一区二区三区不卡 | 自拍视频在线观看 | 亚洲 无码 自拍 欧美 小说 | 亚洲精品视频一区 | 国产精品福利短视在线播放频 | 日韩a视频 | 天天操综合 | 欧美精品黄页在线观看大全 | 国产成人综合日韩精品婷婷九月 | 五月天黄色网址 | 国产精品视频1区 | 久久久久国产精品 | 欧美日韩有码 | 九九线精品视频 | 黄色 在线播放 | 91精品国产高清一区二区三区 |