An "inflation bill" implemented by the Biden administration is nominally targeting China's electric car industry. In fact, companies in Japan, South Korea and Europe have also been hit one after another. As China's leading global industry, China's new energy industry is not panic when it has food in hand, and naturally is not afraid of the United States' blow, but it is different for Japan, South Korea and Europe. The US move may ruin their new energy industry layout.
Japan and South Korea chose to swallow their anger. Europe decided to take a heavy blow
When the United States' "Inflation Act" was officially implemented, Japan and South Korea's related new energy companies had just gained a foothold in the US market. However, the US government decided to vigorously support local enterprises, which made Japan and South Korea related companies in a passive manner and it was difficult to form competitiveness against American companies. At this stage, it is in a very embarrassing stage, and Japan and South Korea do not comment on this.
Similarly, because the United States is now very persistent in providing subsidies to local enterprises, many European companies have moved their enterprises to the United States in order to obtain subsidies, resulting in a devastating blow to the European new energy industry. Europe is not a lamb to be slaughtered. On this issue, France and Germany have already reached a consensus before visiting China by Scholz.com.
It can be seen that the United States wants to die in Europe. A traditional European power like France and Germany also knows this. Since it is difficult to escape death with the United States, it is better to strengthen cooperation with China. At least China will never be hostile to Europe. In addition, as a party that is also restricted by the United States, China-EU cooperation can more effectively fight against the United States' hegemony. Why not do it?
EU On behalf of 27 countries, China-EU relations ushered in a turning point
According to Global Network , European Council Michel recently visited China, and my Ministry of Foreign Affairs also confirmed the news. During his visit to China, Michel will meet with several senior Chinese leaders to discuss substantive issues in the development of China-EU relations, aiming to strengthen China-EU cooperation and deepen bilateral economic and trade exchanges.
In this regard, the Ministry of Commerce of China stated that this contact between China and Europe will put issues such as maintaining the stability and smoothness of the global industrial chain first, and China and Europe will also work together to maintain the fairness and order of international trade to ensure the healthy development of global trade.
From this, it can be seen that China and Europe have reached a consensus on cooperation in the face of US trade protection issues and will jointly deal with this hegemonic behavior of the United States. At the same time, this also means that the trade rift between the United States and Europe is getting bigger and bigger, which makes Europe completely understand that when it comes to fundamental interests, the United States will not take into account the so-called "allies" at all, and the United States can also take action against its own allies.
Partial information reference source: Xinhua News Agency