EU restates readiness to launch trade war with China over cheap imports ( www.theguardian.com )

The European Commission chief said she was “convinced that if the competition is fair” from China, then Europe “will have thriving durable economies”.
But she said the “imbalances” caused by state support for Chinese industry leading to cut-cost products threatened jobs in Europe, and that was “a matter of great concern”.
“Europe will not waver from making tough decisions needed to protect its economy and security,” she said.

Grimy ,

The EU has restated its readiness to launch a trade war with China over imports of cheap electric cars, steel and cheap solar and wind technology.

DieguiTux8623 ,
@DieguiTux8623@feddit.it avatar

Why not everything else too (electronic hardware, toys, clothes, etc...)?

Badeendje ,
@Badeendje@lemmy.world avatar

They (the EU) want to achieve a goal.. stop the Chinese government from financially helping a company allowing them to undercut competitors and bankrupt competitors who do not get government aid.

If you want to influence behavior you have to show where you want the other party to go. So you don't hit other sectors that do not have this aid.. because that would be unfair.

Game theory 101.. tit for tat. They help a sector, we fine that sector.

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