Europe faces a financial meltdown as China retaliates against EU tariffs. France and Italy, already burdened with massive debt, now see their luxury sectors under siege. With China imposing heavy duties on French cognac and Italian fashion, major brands like LVMH are at risk. The EU’s decision to tax Chinese EVs has escalated tensions, and the survival of these economies hangs in the balance. Can France and Italy withstand China’s trade war, or is financial disaster unavoidable?
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43 Comments
Big fn deal
Macron is american puppet,do not ever trust cunning man like him.
Cheap labor, a lax regulatory environment and technology developed by others.
EU must reconsider their actions not following America's tariffs on China's EVs, otherwise they will lose the China's market to countries in BRI and Bricks
Tax as much as America and EU in retaliation, so other countries in BRI and BRICKS can take over as suppliers to China. This will help China in the long run because when the developing countries have more businesses and become more affluent, they will buy China's high tech products. It is a win-win relationship.
Using tariffs in this way has never been successful. The EU should have known this. Lets be honest its all down to the slowing traction in the EU EV policy. Which was a European motor industry catastrophe in the making from its introduction.
Spain is defying the EU and forming trade alliances with China, without tariffs. Wise move.
These EU politicians think they are very smart but who else is smarter ! Tariffs & sanctions are idiotic economic weapons of destruction and if politicians choose this route, make sure that their economies can bear the consequences !
China ( Qing Dinasty ) Vs 8 Alliance
Now, China Vs G7 + EU
Yeah That is only way remain to deal gang like NATO,EU,G7 etc.
Until these groups of gang will not deal in same manner what they do with Others will not learn lessons.
China should be so proud it has "slapped" another nation.
Great work by China 🎉
Qui s'en fout. Personne.
Throwing rocks inside your own greenhouse! OMG, the window panes are breaking!
Damn guy's I just calculated 61,500,000 bottles of cognac and I slapped a really cheap price per bottle at $ 15 and the amount was only shy of a trillion dollars by only 78 million dollars that is not an amount to be sniffed at !! Good old European's for shooting themselves in the foot !!!
alle wef popjes. gaan ten onder geen goed beleid
Well done China…Western countries definitely did not think this thru….all these idiot western governments…chinese are patriotic…hate being bullied…
Chinese EV'S and other cars will dominate the industry, thats what they fear 😂
EU only tax 30% on chinese EV,why CN doesn't push back to the 100% tax Canada and US,but only to poor innocent France?How unfairly.
In fact, all this is a French conspiracy. France wants to kill Germany with this trade war on cars. Since then, France has been the leader of the European automobile industry.
eu is just american toilet paper. Try to please their boss' ass
Zašto Evropa više ne proizvodi kvalitetnu odječu ,obuču ,sirovinu za te proizvode nego je svu proizvodnju prenijela na treče zemlje ili izvan Eu itd
When a old wealthy family is suddenly broken and their spoiled heirs keep acting arrongant and bossy, hoping nobody notice their account balance is in red numbers.
That garment factory in China is impressive. Employing tech to increase productivity, Not the forced labour type of factories the Americans are talking about.
you are gonna to do this to me, i am gonna to do this to you!
Obviously China loses in this tariffs wars to happens at this moment, China export more in values than EU’s :438,034 battery-electric cars were imported from China into the EU in 2023, valuing €9.7 billion (most of them were China made Tesla cars export from its Shanghai factory in China),11,499 battery-electric cars were exported from the EU to China in 2023, valuing €852.3 million. While France only export Oct 11, 2024 — French brandy shipments to China reached 1.7 billion euros ($1.85 billion) last year, the equally value of sections must be from Germany, the third-largest market for European cars, China, took in passenger cars exported from the EU to the value of nearly 19.3 billion euros from January to December 2023.
China can make anything in 10 minutes even your food, lol
USA big brother, soon should realize the impact of blindly following another’s step to dominate and rule the world !
hoax by jipeng. chinese needs brandy, but no, for 4 years ev made in china sustainable. HLin 19/10/24
Pro-China bots and their 50 Cent Army (wumaos) are like ticks on a white tail deer on this post. LOL!
The EU is nothing more than a mindless zombie controlled by the United States. Whenever this zombie wants to have its own thoughts, it will be ruthlessly taught a lesson by the United States. Therefore, we can understand that the EU does a lot of contradictory, ridiculous and stupid things.
Sorry, I don't speak French….
Hahaha ….. There is a lot of elegance in China's retaliation
China’s products are friendly and affordable unlike others selling weapons of mass destruction
italy = bankrupted amoeba LOL
europe did the same thing to my country they band many products from my country even though there's a high demand for them
France has overcapacity of brandy 😂
They dump EV cars then have the nerve to accuse the EU of dumping. They can’t sell them in China. The EU needs to diversify its markets away from China. The rise of China has been accelerated by the greed of the west.
Give them 100% Tariff.
The taxes derived from French and other European products should be equal to taxes they charge extra on Chinese goods.
Europe is no match for China 🇨🇳 because the Chinese don’t need Europe anywhere near as much as the Eu needs China!
More and more China goods coming to Europe also with more EV Cars now matter how big tariffs (even 500%), but EV goods would be near to zero, and China products are already super occupying 90% or more in EV market. Now China industry/goverment is discussing how much percentage left to the local industries, say 1% or 2%.
The EU is a criminal organization , the taxes is paid by the buyer, not the company that produce the product. They want just squeez more money out of the people! The criminal US government will increase the taxes too, but not only for Chines products but also for the one from Europe. By by EU .