It will clash with the overtures to china that have been done recently, but it’ll be interesting to see how these protectionist measures turn out.
Shot-Winter-6559 on
Protecting European car manufacturers for not innovating quickly enough. The cost of an electric car with 70 percent of its components made in the EU should be interesting to see. The Renault 5 has a large amount of locally produced parts and it costs €24,000. As beautiful as that car is that rather expensive for such a small vehicle.
starterchan on
But I was told protectionism is bad
Over-Willingness-933 on
It’s fine, if used against countries that cheat the system like China. The EVs from China are cheap because of the government funding them.
Intrepid-Routine-875 on
I am 100% made in Europe, give me the money
VishwP45 on
Every major power eventually rediscovers industrial policy.
Mayor__Defacto on
Once again, USA/Donald Trump does something, EU whines about it, and subsequently copies what he did.
No_Economics_4678 on
“Discussions among the 27 member states were heated regarding the usefulness, scope and geographical coverage of this measure, leading to multiple postponements of the text in recent months. However, the urgent need for action eventually convinced the most reluctant members, Germany and the Nordic countries, to rally behind this new economic doctrine ardently defended by France, on condition that it be strictly targeted.”
Always the same story, especially with Germany.
Asleep-Ad1182 on
It’s hilarious that people don’t realise these measures are even more protectionist than Trump’s tariffs.
procgen on
Still no credible plan for a domestic semiconductor industry to rival e.g. AMD/Intel/Nvidia/Qualcomm/Apple/Alphabet/Amazon, and no hope beyond Mistral for any serious competition in AI (who recently celebrated a €1.7B investment – meanwhile, OpenAI alone just closed a $100B round, and Amazon is planning to spend ~$200B in AI infrastructure this year).
_travelbos on
What is difference between Made in Europe vs Made in EU?
MrPoopMonster on
Didn’t the EU literally file complaints against the US in the WTO for doing something similar under Biden? How is this any different?
12 Comments
It will clash with the overtures to china that have been done recently, but it’ll be interesting to see how these protectionist measures turn out.
Protecting European car manufacturers for not innovating quickly enough. The cost of an electric car with 70 percent of its components made in the EU should be interesting to see. The Renault 5 has a large amount of locally produced parts and it costs €24,000. As beautiful as that car is that rather expensive for such a small vehicle.
But I was told protectionism is bad
It’s fine, if used against countries that cheat the system like China. The EVs from China are cheap because of the government funding them.
I am 100% made in Europe, give me the money
Every major power eventually rediscovers industrial policy.
Once again, USA/Donald Trump does something, EU whines about it, and subsequently copies what he did.
“Discussions among the 27 member states were heated regarding the usefulness, scope and geographical coverage of this measure, leading to multiple postponements of the text in recent months. However, the urgent need for action eventually convinced the most reluctant members, Germany and the Nordic countries, to rally behind this new economic doctrine ardently defended by France, on condition that it be strictly targeted.”
Always the same story, especially with Germany.
It’s hilarious that people don’t realise these measures are even more protectionist than Trump’s tariffs.
Still no credible plan for a domestic semiconductor industry to rival e.g. AMD/Intel/Nvidia/Qualcomm/Apple/Alphabet/Amazon, and no hope beyond Mistral for any serious competition in AI (who recently celebrated a €1.7B investment – meanwhile, OpenAI alone just closed a $100B round, and Amazon is planning to spend ~$200B in AI infrastructure this year).
What is difference between Made in Europe vs Made in EU?
Didn’t the EU literally file complaints against the US in the WTO for doing something similar under Biden? How is this any different?