The EU had previously investigated Chinese companies and levied tariffs according to the level of state support to neutralize market distortion. Now, EU is dropping tariffs and instead creating a cartel for the industry.
The EU had previously investigated Chinese companies and levied tariffs according to the level of state support to neutralize market distortion. Now, EU is dropping tariffs and instead creating a cartel for the industry.
Honestly this was always idiotic to begin with. European car lobby was whining that Chinese green and renewable tech is too high quality and we can’t compete. Fucking invest more into green and renewable tech, you know, just like China did to end up in the lead.
Until car companies have slave labor, control of the world’s rare earth minerals, and a bottomless pit of money comparable to the Chinese government for both R&D and consumer subsidies, that’s completely impossible.
China isn’t doing this for altruistic reasons, they’re leveraging their position to put every other automaker in the world out of business. They’re cozying up to China currently because the US is being run by a lunatic and they need powerful allies.
Choosing lawful evil as ally and dumping chaotic evil from the party.
China’s dominance isn’t really because China has exclusive access to known reserves of it. It’s because China dominates the processing industry for these. I’d guess that at least some of that is probably due to more-permissive environmental regulations.
https://www.npr.org/2025/07/23/nx-s1-5475137/china-rare-earth-elements
https://rareearthexchanges.com/news/how-china-processes-rare-earths-what-review-really-shows/
Canada is lowering Chinese EV tariffs because that orange madman is trying to destroy Canadian and Mexican auto sectors.
If he wants to shit in his own hat, we’ll help him pull it well down over his ears.
They probably figured given Dieselgate resulted in a slap on the wrist, they might as well persue cronyism, rather than competence.