The EU has notified Beijing that it intends to impose tariffs of up to 38% on imports of Chinese electric vehicles, triggering duties of more than €2bn (£1.7bn) a year and a potential trade war with China.
The tariffs will be applied provisionally from next month in line with World Trade Organization rules, which give China four weeks to challenge any evidence the EU provides to justify the levies on imported EVs.
However, senior sources say that the question of EV dumping is also causing concern in non-EU member states and there is a determination to ensure that China cannot have global dominance in electric cars and other green tech products.
The subject is expected to come up at the G7 summit in Italy on Thursday with the EU hoping to persuade other leaders that the response to China’s overcapacity in cars, steel and other items including solar panels and electric vehicle batteries needs to be “targeted”.
Leaders gathering at the G7 are expected to raise the topic of small Chinese banks funding deals with Russia amid concern this is bolstering the Kremlin’s war effort.
Lin Jian told a press briefing in Beijing that politicians and industry representatives from many European countries had expressed opposition to Brussels on the matter of tariffs, in what could be a reference to Germany, which is concerned about counter-measures on its own car exports to China.
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Under the plan, the EU will apply five levels of tariffs. EV manufacturers that cooperated with Brussels investigators will face a tariff of 21%, while those who did not will be hit with the top tier of 38.1%.
SAIC faces the top tariff, Geely faces a tariff of 20%, while a 17.4% duty will be applied to BYD brands, which include the Dolphin and Seal cars launched in the EU last year.
It is understood that Tesla cooperated with the EU and may initially face the 21% tariff. The EU indicated this could be revised next month to its own individually calculated duty rate after assessing evidence submitted by the US company.
Thousands of people rallied in Budapest on Saturday as a political newcomer led a push to mobilise voters against Hungary’s populist prime minister, Viktor Orbán, ahead of European elections on Sunday.
“We defeated apathy,” declared Péter Magyar, a former government insider who switched sides and launched an opposition movement, as he stood in front of a vast crowd which filled the capital’s Heroes’ Square.
Magyar, who used to be married to Orbán’s former justice minister, became a sensation in Hungary earlier this year when he broke ranks and began criticising the government, stressing concerns about alleged corruption.
The political newcomer’s informal style, social media savvy, and willingness to criticise both right-wing and left-wing politicians has resonated with many voters.
“What is completely new is that he can speak essentially to the whole left-liberal side and also a significant segment of Fidesz voters,” said Róbert László, an election expert at the Budapest-based Political Capital Institute.
“Magyar’s appearance means a serious threat for everyone: obviously now much more for the opposition parties than for Fidesz,” László said, adding: “We don’t expect that Orbán will be packing his bags on 10 June.”
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" Thousands of people rallied in Budapest on Saturday as a political newcomer led a push to mobilise voters against Hungary’s populist prime minister, Viktor Orbán, ahead of European elections on Sunday.
“We defeated apathy,” declared Péter Magyar, a former government insider who switched sides and launched an opposition movement, as he stood in front of a vast crowd which filled the capital’s Heroes’ Square."
This is EP and local government election, parliamentary elections will be in 2026. Orbán is expected to get 40-50% today. On a parliamentary election that could still result in a supermajority, or close to it. Orbán wil be ousted by colesterol, not by election.
Museums that have non-indigenous material will have a tough time justifying why they are entitled to foreign heritage goods without running into a buzzsaw.
Waiting for the ultimate "finders, keepers" defense.
Totally, in the end it boils down to that. England holds cultural heritage treasures that were undoubtedly stolen/robbed and they have no intention of giving those back either.
On actually reading the article the headline seems misleading. They do not "reject the claim." They say that they don't have as much evidence to as would be necessary to fully prove it. I imagine they'd probably prefer not make the suggestion that they should have any involvement in the affair at all.
Inflation is caused by inflationary currency. Any other inflation caused by supply chain issues, corporate greed, lack of market competition, etc is just added on top of that. Fiat inflationary currency is a rather new invention in terms of the human timeline. They aim for 2-3% inflation in "good years". Central banks are not to be trusted.
Think of it: in the last 50 years, everything has gotten cheaper to produce thanks to increasing mechanization, outsourcing to cheap labor/low regulation countries, and extremely efficient supply chains. Yet so many things "costs more" than it did 50 years ago. Even basics like bread. How is that the case? Shouldn't it cost less? Where is that "extra efficiency" going if not to lower prices? The answer: bread is the same value it's always been, the money has gotten less valuable. This is how they keep working class people running on a treadmill, never able to achieve economic mobility.
Inflationary currency devalues the currency you worked hard to earn by increasing the supply. It hits the middle class the worst because they have more of their net wealth in cash, often in the form of emergency funds, savings, and putting together enough money for a down payment on a home. Rich people have their money in assets which aren't harmed by currency inflation. Poor people live hand to mouth. If you want to identify the causes of increasing wealth disparity, the inability of people to save money is a major one.
No one in England even cares about this. It's literally just the government making random arguments up to throw at the right wing groups, it's all political. Pretty much everyone would be absolutely fine if we gave them back.
The only people that care about any of this are basically fascists anyway and they won't go and look at them they just want no one else to have them.
Even if they had permission from the Ottomans - it's beyond meaningless.
It's like arguimg Britain had permission from France to take [random African artifact located im a French colony] and therefore any and all claims by the affected country are now void.
The Brits are claiming that they had permission of the sultan, the governor and the city of Athens. However somehow no documents proving any of that are available in Turkey or Greece.
However Athens was part of the Ottoman Empire for 350 years and they had a lot more influence over it, then France had in Africa. It really is more like the Tsar giving permission to sell some mosaics from the Saint Sophia Cathedral in Kyiv.
Geez, somehow I didn’t even realize that they were named after the guy who stole them, not where they were taken from or anything about the culture they were made in. How gross is that?
Greece has won an unlikely ally in its campaign to retrieve the Parthenon marbles from the British Museum after Turkey publicly rejected the claim that Lord Elgin had received permission from Ottoman authorities to remove antiquities from the Acropolis.
Boz, who also spoke to Greece’s state broadcaster, ERT, said the only evidence that had been found was an edict written in Italian but that it neither contained the sultan’s signature nor seal, which would have confirmed it had come from the Imperial court.
Crews working at the behest of Elgin began removing statuary from the monumental frieze that once adorned the Parthenon with marble saws and other machinery in 1801 – an endeavour that would take more than a decade.
Boz conceded she had felt obliged to intervene when the UK’s representative in a recent meeting of Unesco’s Intergovernmental Committee for Promoting the Return of Cultural Property in Paris reiterated that the sculptures were bought legally during the Ottoman era.
“The British Museum has always maintained that the treasures were purchased legally; it’s been its central argument,” said Irene Stamatoudi, a professor of cultural heritage law who advises the Greek government on the issue.
Describing the artworks’ restoration to the place where they were carved 5,000 years ago as a “national goal”, the Greek culture minister, Lina Mendoni, said Turkey’s intervention had essentially bolstered Athens’ case.
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theguardian.com
Heiß