The pressure is growing for Europe to do more to curb a trade imbalance with China that’s damaging the economy – in particular the car industry. But how? Gabriel Felbermayr is an economist and member
When The EU was selling cars and dominating the Chinese market, everything was fine. Now they can't compete, it's trade imbalance.
If China had said this 10 20 years, they would talk about free market.
You can't win with these guys.
Volkswagen once dominated the Chinese automotive market with a historic market share of over 50%. So, only complain when out competed? No wonder no one takes Europe seriously these days. Not China, not America.
Why do I need to pay extortion car prices so German workers can enjoy job security and huge benefits that do not exist in my country, while they point the finger at me for their “success”? Their Industry needs a shock to modernize, if it survives.
Interesting thing about "Chinese" cars is that they are increasingly being manufactured inside European Union! German brands have simply become outdated and overpriced.
After more than a century of overcapacity, it is time for the German auto industry to return to normal.
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If China had said this 10 20 years, they would talk about free market.
You can't win with these guys.
China sells good in EU - Very Bad
"Inexpensive EVs are an existential threat to our economy and must be tariffed" - 2026 🤡
1. Hypocrisy
2. Thick skin
3. Double think