Even the CEO of Stellantis realizes that the tariffs by the EU against Chinese EV makers is going to kill the European auto industry.
Even the CEO of Stellantis realizes that the tariffs by the EU against Chinese EV makers is going to kill the European auto industry.
Why would it kill the european auto industry? Is it dependent on chinese labour?
What incentive is there for the European companies to cut costs and increase their competitiveness? There is none.
Protectionism stops innovation because the protect, at least temporarily, are covered.
What happens? The Chinese build a plant in the EU, get around the tariffs by importing the parts from China and then assembling in a country like Hungary.
Then the EU companies are in a heap of trouble.
Think you underestimates how large the european market is still. The world is becoming more segmented and we arw going to shield ourself from countries like Russia and China.
I think its an idea to consider to tariff countries who state sponsor their domestic industries because we can never compete with that
Seems like the CEO is Stellantis is the one who thinks that. So what does he know?
Protectionism always ends the same way. So if you think you are protecting your industry, you are end up killing it.
How is the Australian auto manufacturers doing?
The CEO of Stellantis says that tariffs on Chinese EVs might destroy the European car sector and that a quick review is necessary.