The question that Germany now faces is whether it is willing to join forces with France & other countries & the Commission, “to defend the European home market from the flood of Chinese goods that is coming our way,” said @sandertordoir.bsky.social of @centreeuropeanref.bsky.social
buff.ly/0BXlhmN
I think this is what @sandertordoir.bsky.social @lucasguttenberg.bsky.social and @nilsredeker.bsky.social were suggesting in their paper: include UK, Japan, South Korea in what qualifies for 'Buy European'
www.handelsblatt.com/politik/inte...
HSBC: Are chip stocks bubbly? Comparing today to 1999 $SOXX $SMH
The Napoleonic tradition really does nail it sometimes.
Ouch.
Not surprising for those of us who have been paying attention, but a powerful data visual.
I don’t think Röpke Eucken nor Dutch Ordoliberal philosophers would approve of a do nothing response to such distortions. (h/t @tbenner.bsky.social )
“The main thing is Europe has an arsenal of trade instruments at its disposal already,” @sandertordoir.bsky.social the @CER_EU’s chief economist, told reporters. “What’s missing is a lack of political will to deploy them.”
Big weeks in Brussels and EU capitals to see if the chilling effect of Chinese coercive threats will continue to hold sway over Europe’s trade and industrial agenda.
Beijing’s coercive leverage works best when it quietly constrains Europe’s policy space...
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Manfred Weber calls for tougher trade defences on China.
To prevent Beijing “flattening parts of European industry”
www.bild.de/politik/ausl...
A company-level OECD analysis of government subsidies across 15 key industrial sectors found that nearly 60 per cent of Chinese firms’ global market share gains since 2005 could be attributed to subsidies
Paging @davidheniguk.bsky.social for comments
Le choc de compétitivité imposé par la Chine n’obéit pas aux règles habituelles. Pour résister, le Vieux Continent doit faire beaucoup plus, prévient l'économiste @sandertordoir.bsky.social du @centreeuropeanref.bsky.social.