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In a historic shift, VW CEO Oliver Blume is publicly urging the EU to impose trade defense measures on Chinese plug-in hybrids. This marks the first time a majo…
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When China open to the world. The West take advantage and make a lots of money 💰. Now the table changes, the West claim unfair trade.😢😢
That’s like following Trump’s path
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They have "overcapacities, so they have to export goods? Sounds like the business model of the ex "export champion" and "Weltmarktführer" LOLLLOL : D
That's exactly what Europe needs right now, a trade war with the world's premier superpower
German car makers want RMB and sold their souls for it. Pay back is a b…😂
Tucker Carlson 🌎. Ecanomic. US EU 🇪🇺🏴☠️🇪🇺🏴☠️🌎. Sanctions. Sanchez. 🚩🇷🇺🚩🇷🇺🚩🇷🇺🇨🇳🇨🇳
European leaders. We shot ourselves in the foot. It's China's fault.
Anytime I see Made in China or India it goes back on the shelf. They're funding Putin and the muder of innocent people.
Trust Chinese generosity
This goes way beyond Chinese exports to the EU or German brands protecting their home turf. The G7 plus the EU make up just 12% of the world's population, and the other 88% don't care about protecting Western industrial interests. Sure, Europe can build trade walls to keep Chinese cars out of its backyard, but what happens in ASEAN, the Middle East, Africa, and Latin America? You either step up and compete globally, or you're just admitting defeat before the game even starts.
Dont buy China made cars?
German cars: expensive and bad entetainment system<br>China cars: cheap, good entertainment and luxury<br>German car makers killed themselfes
Their new association member Canada is a CCP satellite. They will get around EU bans through Canada. Just like how they did with steel coming into Canada then slapping a made in Canada sticker and sold to US market.
Nasism. Corruption. ? 🌎
If the US and EU worked together against China they would've already folded their hand, going at it 1v1 gives china too much leverage in trade wars, missed opportunity by Trump.
Good luck with the trade war. Say byebye to the 1 billion Chinese consumers.
Why do we associate cheap products with a level playing field? Just like a student who spends 2 hours studying after school and another who just plays, complaining about poor grades due to unfair competition. The physical laws in this world are the same for everyone. Why can't others do better than oneself
you can smell and see the fear and panic in their faces and voices , it is palpable
This is what Trump has been trying to tell Europe
The EU better find religion on China or it will be to late
A European say they being colonized by China look at yourself first
China relies on mercantilist economic practices to gain an unfair advantage in international markets. It makes sense for Europe to take steps to demand a more fair playing field for its companies.
It's so telling that discussions in Europe always seem to evolve around how we can "protect" ourselves from others... while we never stop to ask why everyone else seems to be able to provide better services and products at a lower price than we can...
I suspect many of the comments here are from Chinese users or bots, but it’s honestly hard to understand why they’re so hostile toward Germany, considering how much China has learned from Germany over the years. You’d think there would be at least some appreciation for that.
Fire the 70% too many bureaucrats in the EU. Then you can reduce taxes and become competitive again.
China can easily bring Europe to its knees simply by stopping supplying Europeans with rare‑earth metals. In this case, Europe can say goodbye to electronics manufacturing, the automotive industry, aircraft manufacturing, and so on.
in the first minute, narrator pointed out that German cars rely on Chinese market, (so, that is not overcapacity??? Germans cannot consume all their German cars). When Chinese EV is exported, sold, welcomed in Europe, that is over capacity. Only Germany & Japan can sell cars overseas, not China. what an illogic and hypocrisy. Go figure
China needs EU markets to survive as a manufactorimg center,<br>now that Europe and USA are reindustrializing its gonna be rough,<br>When the single market completes its all over.
Yeah good luck with that. US can't even win a trade war with China what makes you think you can 😂
promising to take action only after AFD and le pen are on the path to victory
China owns the EU
See how corporations are western corporations are screaming for fairness when it comes to competition 🤣
So china should let the Europeans or the west keep producing the high end products and keep the low end ones? You’re kidding right? Compete or die
The european car industry had time to invest in eltrification. Instead they took the profits and gave it to shareholders. Now they can't compete with china that invested heavily and want the public to pay more for their cars now.
What’s up people! China cars are amazing and not overprice. Go buy it
Well that will be a short war... Europe has become truly pathetic
This is why Trump always taking on EU when it comes to trade, energy, defense and immigration. Canada will rescue the EU once a member.
When you can't compete, just put tariffs on them. Same theory for the USA now for EU too😂😂
Just copy what China is doing...
Look at USA, where you like DJT or not: they have 100% tariff on Chinese Cars. What are the sales volumes of Chinese cars in USA ? 0%. As long you will understand that European cars to be sold is at stake, and that share is coming down anyhow, you will do what is right for EU, and not what is right for China
"Chinese manufacturers increasingly relying on exports" @ 50 seconds in. Isnt this what German Car manufacturers did too?
Use ASML as counter leverage
New Rust belt coming 😢
Failed to innovate, now hiding behind government to protect you.<br>While in china, car makers are free for all battle royale and only the strong survive.
the EU needs to behave, what is this. Stand down, little man
Why should entire EU disrupt their business relations with China because of legacy car makers who refused to innovate, forcefully sold outdated tech at exuberant prices and lobbying with governments to enjoy benefits for decades
Lol, so America was right all along
if the western countries cut off China from its markets, China will collapse, all the west needs it's to grow a pair, China is not a friend, it's and autocratic regime abusing it's position to extract advantages to destroy the west, exporting your jobs will only affect you
Sure, it’s totally not the fact that VW workers work 35 hours a week for starters
Interesting Europeans don't see the irony in their own arguments. Open market is good when European industries dominate export markets. Open market is bad when it's the other way around. What China is doing is exactly what European companies have been doing to the rest of the world for the past 75 years and they got lazy and sloppy. They need to grow a pair and compete.
The problem is not free trade.<br>The problem is lack of after sale support. <br>Also there is quality problems.<br>So your BYD car maybe cheaper but repair is much more expensive 🫰 and you need to wait for parts sometimes for months.<br>Also there is the manufacturing process is by block...<br>It means you have to change the full block instead of few parts 😅<br>It comes to the point 👉 that more and more insurance companies surcharge/refuse to insure New/used Chinese cars.<br><br>As for protection for domestic brands 😅 you can watch the video ☝️
What do you you expect? You have no gas
China creates dependence, then exploits it to the maximum extent possible
Did you tarriff Apple when it killed Nokia?
I thought tariffs served no purpose? What changed? 😂
Sanctions to Russia! <br>US tariffs! <br>Beexit!<br>Closed Ormuz! <br>Closed Red sea! <br>Trade war with China. <br>EU is really lonely! Canada i think can’t help.
My cousin owns an auto shop in NY, we all know European cars are a lot harder to fix and have a lot more problems than Japanese cars or even Korean cars in recent years. It's a free market, and there are a lot of Chinese willing to pay more cash for a foreign brands like Tesla but European EVs is so far behind in tech. You can't blame China if people know how well Tesla sells in China. The only one Europe should hate are themselves for falling behind in R&D, the Chinese had poured billions in developments if you just look at the spending of their auto makers.
Timing is interesting as Canada has recently opened its market to Chinese EVs. The US of course is responsible for this as Canada looks elsewhere for markets.
So the EU wants to fight climate change but won’t give consumers cheaper alternatives…
Is you Losing just start crying for help<br>And don't do anything else
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Europe needs a Carney as well.
The eu should have put tarriffs on Chinese vehicles so that their car companies survive but well that wasn't done and now Volkswagen is dying....and other car companies will soon join the list..usa put a tarrif on Chinese vehicles to protect their car industry
China capture all European market
China has always worried about relying too much on foreign oil, so they pushed hard for alternatives, which is why their EV industry took off. Running away from problems never leads to real progress. Instead of letting politicians fool them into dodging the issues, Germany needs to do the hard work of revamping its industry and energy supply.
10 years ago 35% of GDP in Germany was manufacturing today is 10%. Germany went from an export of technology to be an importer. The GDP per capital income of Germany is now equal to the poorest state in America. Basically it wasn’t that way 15 years ago. the rest of the EU is significantly poorer than Germany. Germany is making a heavy pivot to America mfg petroleum base oil, car manufacturers, auto parts, etc. now calling the US home
Europe is gone mad<br>Europe and usa just jealous of China 😂<br>After some years they will be jealous of India too<br>Bcz China is developed now India is developing <br>They are just jealous of us (Asians)
EU energy is so expensive and they have so much red tape they cant make things with competitive pricing
With the problems EU has the last thing they need is starting a trade war with China
Very soon eastern Europe will be much more developed thn western Europe
For years, Europe’s economic relationship with China was built around a simple idea: Europe sold China expensive cars, machinery and chemicals; China sold Europe consumer goods and components. That relationship is breaking down. Do you think the EU and China are sliding into a trade war? Let us know below.
I knew it. VW bailed on its own nation to sell to China.
So the EU wants to cut off its nose to spite its face?<br>The EU is awful bold considering it has no military and no standing within the EU?<br>At least the EU is a member of the WTO as is China, perhaps they should take their trade war to the WTO?
Europe can't compete without cheap russian energy.<br>That was the main competitive advantage.
They wake up too late😅
YOU DON'T LIKE COMPETITION AND FREE MARKET AINT YOU JUST CHARGE TAXES TO STEAL FROM EVERYTHING MAKING EVERYTHING INCREDIBLE EXPENSIVE
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