China and EU Agree to Hold Talks on EV Tariffs

China and the European Union have agreed to begin talks on the bloc’s plans to impose tariffs on Chinese electric vehicles. Minmin Low reports on Bloomberg Television.
Sign up for the 5 Things to Start Your Day newsletter to get up to speed with the most important business & markets news each morning: bloom.bg/3yGZkd1
--------
More on Bloomberg Television and Markets

Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: tinyurl.com/ys...
Visit www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more.

Connect with Bloomberg Television on:
X: / bloombergtv
Facebook: / bloombergtelevision
Instagram: / bloombergtv

Connect with Bloomberg Business on:
X: / business
Facebook: / bloombergbusiness
Instagram: / bloombergbusiness
TikTok: www.tiktok.com...
Reddit: / bloomberg
LinkedIn: / bloomberg-news

More from Bloomberg:
Bloomberg Radio: / bloombergradio
Bloomberg Surveillance: / bsurveillance
Bloomberg Politics: / bpolitics
Bloomberg Originals: / bbgoriginals

Watch more on KZbin:
Bloomberg Technology: / @bloombergtechnology
Bloomberg Originals: / @business
Bloomberg Quicktake: / @bloombergquicktake
Bloomberg Espanol: / @bloomberg_espanol
Bloomberg Podcasts: / @bloombergpodcasts

[@jptrainor]

Injurious subsides?! What do we call, then, the massive subsidies that VW and Stellantis have received from Canada. Or the subsidies that US manufacturers receive via the "Inflation Reduction" act?

[@uWr.Ppel112]

US and its vassal EU always double standard. The fact is Telsa and VW/all EU cars got huge subsidy in China as well. Go google it.

[@warnpassion]

China imposes massive subsidies on its EV industry by using slave and child labour throughout that sector's supply chains and floods Europe with cheap Chinese EVs. Either you've the brain of a donkey or you're a wumao bot. I think it's the latter.

[@dikacy]

I think it is a good time for the Global South countries to work together in a free market for greater prosperity and to leave behind the US and EU with their protectionism and tariffs.

[@tooltalk]

You mean like China's friend neighbors such as Vietnam, the Phillippines, India, Australia, etc?

[@hondajacka2]

Every country subsidizes their EV industry. It's just in US and Europe, it hasn't been very successful except for Tesla.

[@tooltalk]

Not every country hands out "export subsidies" to undercut foreign competitors in markets abroad.

[@jptrainor]

​@@tooltalkCanada outcompeted US subsidization to attract multiple EV battery and vehicle manufacturers. 78% of vehicles manufactured in Canada are already exported. The number for EV components is likely to be higher because the capacity far exceeds that requires by the Canadian market. Looks exactly the same to me.

[@tooltalk]

@@jptrainor Canada doesn't have any subsidies that "conditioned on" export subsidies. Not all subsidies are same, you just gotta understand what is prohibited under the WTO's SCM (subsidies and countervailing measures) agreement; see Annex 1 ILLUSTRATIVE LIST OF EXPORT SUBSIDIES: a. The provision by governments of direct subsidies to a firm or an industry contingent upon export performance. c. Internal transport and freight charges on export shipments, provided or mandated by governments, on terms more favourable than for domestic shipments. etc. etc,

[@jptrainor]

@@tooltalk It's a semantic argument. No condition is necessary. There's no other reason to make such a massive investment other than to export.

[@tooltalk]

@@jptrainor If there is no condition, there is no incentive for them to export. No gov't hands out blank checks without strings.

[@Soshiaircon91]

Saying the tariff arent meant to punish China is the biggest joke that came out of EU this year.

[@goprocbr]

German cars about to get pretty expensive in China.

[@Peter-ox8lj]

when EU car factories import loads of cheap quality chinese car parts to put in their luxury expensive brands, I didn't see the EU fucking complain

[@warnpassion]

That's going to change now, wumao. Prepare yourself for hunger and starvation when you find out that you've just lost access to a huge market through your unfair trade practices.

[@aaronjohnson9337]

EU better hold talks, china ready to turn the table

[@bennyxu970]

LoL

[@paolosartore9614]

The famous green transition 🤡

[@keeshiunlow9150]

eu why dont u stand firm on ur tariffs and see what happens

[@KatyYoder-cq1kc]

Keep the Tariffs

[@pinkcichlid]

Minmin Low… low-consumption minimalist parents? 😅

[@warnpassion]

🤣🤣

[@UCMpDwp7VEfKXRH3NyAW7kuj]

China is relatively poor country and people have low income,so they can keep car price lower than western countries

[@warnpassion]

China imposes massive subsidies on its EV industry by using slave and child labour throughout that sector's supply chains and floods Europe with cheap Chinese EVs.

[@BrandyHeng007]

Waste of time

[@hackerrank9173]

Never allow BYD in Europe.....

[@mindpuzzle81]

That's hilarious yall think the Communists Party is actually interested in addressing EU concerns. Seriously think this through the CCP is only stalling for time in an attempt to prevent further action by the EU whilst the CCP is free to act. Make no mistake at the end of this process regardless of the the EU the CCP will not actually engage in any substantive behavioral changes. The CCP will however continue to screw the EU over in any capacity that the EU allows it to and it will attempt to use divide and conqure strategies to that end. What the EU should do instead is slap 100 percent tariffs on Chinese imports and then lower the vat tax for the next 5 years and then flood subsidies to industries that the CCP has detrimentally impacted with their own subsidies. Once you've reached reciprocity with the Chinese then you can sit down and actually have an honest conversation with the CCP because it will only be at that point that CCP can hope to gain anything from you.

[@abdirahim7890]

And you think china will be silent and do nothing don’t how many car you send to china 😂

[@warnpassion]

@@abdirahim7890 China imposes massive subsidies on its EV industry by using slave and child labour throughout that sector's supply chains and floods Europe with cheap Chinese EVs. Either you've the brain of a donkey or you're a wumao bot. I think it's the latter.

[@lastChang]

What is the point of holding talks with China 🇨🇳? - When was the last time Xi Jinping kept his promises or honored his signatures?

[@michaelzubas9177]

He can’t, or else he can’t get what he real wants, to have his cake (gaining false trust) and eating it too (blaming everyone else for the things they do).

[@ALWH1314]

Can you name a few examples of Xi didn’t keep his promise or can you name a few promises Xi made?

[@amiigose]

​@@ALWH1314😂😂😂 lol, EU more need china , than china need EU u lol, stupid america dog😂😂

[@ironmantis25]

Don’t you have a job?

[@King-vo7vm]

Name the promises that Xi broke???

[@AhmetTekin101]

To normalize relationships with the EU 🇪🇺, China needs to: - cancel the "No Limits" agreement with Russia, - stop undermining EU sanctions against Russia, - talk with Taiwan president-elect Lai Ching-te on an equal basis, - open independently a study into Wuhan pandemic, *- stop atrocity of Tibetans and Uyghurs,* - obey the Hague Tribunal 2016's decision on the SCS, - Leave European intellectual properties alone, and *- stop unfair overcapacity exports to EU.*

[@londondave800]

You're a 🤡

[@muradjawed4503]

China doesn't need to normalise with Europe it's the Europe that is grovelling to normalise with china sending delegation after delegation to China to 'discuss'

[@jptrainor]

China simply doesn't understand that the EU is the center of the universe.

[@CorncropTv]

@@muradjawed4503 China remains the junior partner in EU/China trade. The sad state of businesses in even tier 1 cities in China, speaks for itself here. They need each other to a degree, but the EU holds more cards in a trade war.

[@CorncropTv]

They would sooner add these to some new set of red line policies, unfortunately.