U.S. Seeks to Join Forces With Europe to Combat Excess Chinese Goods

29 comments

1. > Treasury Secretary Janet L. Yellen said on Tuesday that the United States and Europe needed to work together to push back against China’s excess industrial capacity, warning that a wave of cheap Chinese exports represents a grave threat to the global economy.

   > China’s excessive production of green energy technology has become a pressing trans-Atlantic concern in recent months. Officials in President Biden’s administration have grown increasingly worried that his efforts to finance domestic manufacturing of clean energy and other next-generation technologies will be undercut by China, which is churning out steel, electric cars and solar panels at a rapid clip.

   > The United States hopes that a united front will convince China that its largest trading partners are prepared to erect trade barriers that will prevent Chinese electric vehicles, batteries and panels from dominating Western markets.

   > The European Commission is investigating whether Chinese state subsidies intended to help the country’s companies make cheap cars are damaging Europe’s auto industry. The sector provides nearly 14 million direct and indirect jobs in Europe, and the six million cars that it exported last year generated a trade surplus of more than 100 billion euros.

   > In the meantime, Chinese electric vehicle makers, including BYD and Great Wall Motor, are setting up factories in Hungary to build cars that would be viewed as European-made products, which could raise trade issues eventually with the United States.

   > The Biden administration is watching with similar concern as Chinese car companies invest in factories in Mexico, which could potentially be used to enter the U.S. market.

2. Check mate! So what’s Europe & US gonna do?

3. When push comes to shove the EU commission and/or US administration could get them on insufficient quality grounds.

   I mean chinese EVsfor example are known to have severe quality issues. Most notably (but not limited to) the self ignition. In such dangerous environments as standing on the street/garage (while NOT recharging). Or getting transported to their distributor.

   Seriously: even the chinese censorship has a hard time getting these videos out of their internet. Which would mean it‘s quite bad.

   Chinese EVs are literally fire and flame.

4. When an empire falls, another one rises.

5. Difficult to have a manufacturing industry if we’re not prepared to pay more for the goods produced. This is what has got to change. Europe being so far behind in production is a strategic weakness.

6. No more cheap shit from AliExpress then.

   Actually it’s not the prices that appeal, but the selection.

7. Alternative title: US seeks to knock out competitive rivals in the European market.

8. Bro, you’re the guys that enabled excess Chinese goods

9. seriously y’all have one too many Bazaars.

10. Taiwan, India, South Korea, Japan are great alternatives

11. They should join forces to combat wallstreet who is stealing from the 99%.

12. Sure thing, if you extend your subsidy program to Europe. We don’t really have any reason to hurt our consumer market even further.

13. Ok

14. Great news and it makes sense, all western countries and friends should do the same

15. This thread is a nice refresher on how some Europeans feel about the trans Atlantic partnership.

16. Oh, is somebody upset that their economy might one day be overtaken?

17. Good!

    Fuck the cheap Chinese good that are also polluting our grounds and waters like crazy!

18. “excess” is when “they” do it.

19. Fyi, it’s to protect their own economy, not ours

20. I love election. Talk is cheap type stuff.

21. Hear me out. Let make competitive equally goods if not better. I know many still believe china only make cheap shit. They still do but dollar per dollar chinese goods are now on better quality. You will get more out of it buying a chinese goods with same price point. Usa and EU need to rethink how they subsidies companies. Its clearly all only ended up in a few people pocket with zero new developement. Especially in the tech sector EU is like non existent.

22. “Excess good”. But why Lidl and my land lord told me there is an inflation?

23. Chinese crap is taking over Amazon and Europe’s physical and e-commerce marketplaces. Everything seems to me made in China nowadays. It’s bad for our industry and retail, and pretty damaging to the environment.

24. It’s not really a volume problem. It’s a quality, fraud, and IP theft problem.

25. Focusing on Amazon, China’s world wide distributor, will make a substantial first-dent start.

26. Good, fuck Cyna

27. so finally free markets? competition and lazy companies to get to work?

28. Why not join forces with China to avoid excess European goods? /s

29. how about, just get good?