三级aa视频在线观看-三级国产-三级国产精品一区二区-三级国产三级在线-三级国产在线

Global EditionASIA 中文雙語(yǔ)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.

chenweihua@chinadaily.com.cn

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: 操婷婷 | 成人精品人成网站 | 污污的网站有哪些呢 | 国产精彩视频在线 | 日韩毛片免费视频一级特黄 | 国产福利一区二区三区在线观看 | 久草视屏| 国产精品91在线播放 | 亚洲欧美日韩激情在线观看 | 欧美一区中文字幕 | 精品国产高清毛片 | 国产目拍亚洲精品区一区 | yjizz视频国产网站在线播放 | 97青青草视频 | 日本一二三精品黑人区 | 欧美黄色高清视频 | 国产欧美一级片 | 一黄色片| 国产毛片一区二区三区 | 美国毛片在线 | 微拍秒拍99福利精品小视频 | 免费在线色视频 | 久99久女女精品免费观看69堂 | 奇米网狠狠网 | 欧美国一级毛片片aa | 日韩一级a毛片欧美一级 | 久久久精品一区二区三区 | 日韩欧美国产偷亚洲清高 | 日韩视频亚洲 | 欧美精品成人一区二区视频一 | 亚洲成人一区二区 | 亚洲精品色一区色二区色三区 | 玖玖爱在线播放 | 欧美色视频日本片高清在线观看 | 国产日产欧产美一二三区 | 9丨精品国产高清自在线看 9久9久女女免费精品视频在线观看 | 国产女同一区二区三区五区 | 黄色a一片 | 欧美日在线 | 日本一级片免费观看 | 久久成人免费 |