| Submit your comments on this article |
| Europe |
| EU Challenges China’s Trade Expansion With Landmark Tariff |
| 2020-06-17 |
| [gCaptain]The European Union fired a warning shot at China over its global trade ambitions with an unprecedented tariff decision to counter Chinese subsidies to exporters. For the first time, the EU on Monday took aim at alleged market-distorting aid granted by a country to exporters located in another state. To date, such European duties have focused only on subsidies provided by the country where the exporters are based. “It’s a landmark case that could lead to many more similar ones,” said Agatha Kratz, an associate director at Rhodium Group who leads research on EU-China relations and Chinese commercial diplomacy. “Chinese state support is in fact found widely beyond China’s borders, with distortive effects on EU and other foreign stakeholders.” |
| Posted by:Alaska Paul |
| #4 #2 Look up "Prisoner's dilemma", Albert. |
| Posted by: g(r)omgoru 2020-06-17 14:14 |
| #3 Tariffs aren't good for anybody --- if you're talking about trade between free, first-world countries. Otherwise, there are very good arguments for them. I am curious what China is actually thinking. Are they just delusional enough to think that they have enough muscle to win a trade war with the US and EU at the same time as an actual war with India while also strangling what remains of the golden goose that was Hong Kong? There doesn't seem to be an end goal beyond "Chinese implosion" or "World War III". |
| Posted by: Vernal Hatrick 2020-06-17 13:46 |
| #2 TARIFFS DON'T WORK - The EU. These tariffs only hurt European consumers who have to pay higher prices for inferior goods. Why is the EU going back on its own values like this? |
| Posted by: Spike Grineng8188 2020-06-17 06:07 |
| #1 When you lost the EU, what's left? |
| Posted by: g(r)omgoru 2020-06-17 03:09 |