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The John Batchelor Show

#BERLIN: Scholz's Germany falls behind China. Judy Dempsey, Carnegie Endowment for International Peace,Strategic Europe, in Berlin.

The John Batchelor Show

John Batchelor

Society & Culture, Arts, News, Books

4.52.8K Ratings

🗓️ 16 October 2024

⏱️ 8 minutes

🧾️ Download transcript

Summary

#BERLIN: Scholz's Germany falls behind China. Judy Dempsey, Carnegie Endowment for International Peace,Strategic Europe, in Berlin.

1890 Saxony

Transcript

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0:00.0

I'm John Batsu with my colleague Judy Dempsey of the Carnegie Endowment for International Peace, a senior scholar.

0:09.0

She's in Berlin and we're observing China from the EU point of view. The headline in Reuters tells part of the story.

0:19.0

The EU, quote, once level playing field, end quote, but still negotiating with China on car

0:24.8

tariffs the cars are representing what China can do it has over capacity of its

0:31.7

factory floor.

0:32.6

That's a polite way of saying it manufactures to sell to the world

0:37.6

and overwhelm the markets with subsidized products that are then undercutting the market conditions in America and in Europe.

0:49.0

Cars now represent, because the EU is a big push for EVs, electric vehicles cars now represent a very

0:56.8

attractive product for European households. But Judy this story is growing in the US as well, pending the outcome of the election.

1:08.6

The candidates at this point have outlined how they'll deal with the Chinese competition if that's the

1:15.8

polite way forward.

1:16.8

But the European Union right now is still in negotiation.

1:20.9

Not only is the EU negotiating, but Germany is negotiating. What's in this for the EU?

1:25.6

How does it, it's mandates for EV or driving this? Are they going to adjust their mandates?

1:30.5

The EU, while... mandates. about competition, but she wants to close out the Chinese electric cars.

1:47.0

And in fact, if you close out the Chinese electric cars without having available electric cars for the domestic consumption, how are you going to do

1:57.2

with climate change? How are you going to deal with the Great Green Energy Plan?

2:02.3

And in some ways just cutting out China at this point and saying to the

2:08.8

German car companies oh well you better get your act together they have done nothing about this and the

2:14.4

writing was on the wall and all of a sudden the German government facing elections

2:18.3

next year under Chancellor Olaf Schultz the Social Democrat is now going to pour billions into the ailing Volkswagen car industry

2:29.2

and telling consumers, oh you get a big subsidy if you exchange a car for an

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