Driving toward a trade war with China

EU Confidential

POLITICO

Politics, News Commentary, News

4.4 • 175 Ratings

🗓️ 11 October 2024

⏱️ 28 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Buckle up. This week on the EU Confidential podcast, we’re talking cars. And a looming trade war. European Union countries are split over whether it’s a good idea to take on Beijing and use duties to hit the brakes on China’s booming (and heavily subsidized) electric car industry. At the same time, the EU is trying to shift to greener cars. Seems contradictory? It is. Abigaël Vasselier of the Mercator Institute for China Studies joins POLITICO’s Koen Verhelst and Jordyn Dahl to sort it all out, with host Sarah Wheaton. Next, POLITICO’s Max Griera brings us inside the dramatic confrontation at the European Parliament with Hungarian Prime Minister Viktor Orbán, along with highlights from his interview with Orbán’s upstart new challenger, Péter Magyar. Further reading: China’s hit at EU brandy sparks fear of all-out trade war, by Camille Gijs, Koen Verhelst and Judith Chetrit EU countries overcome German resistance to back duties on Chinese EVs – POLITICO, by Koen Verhelst and Hans von der Burchard A trip across Europe in an electric car, one charge at a time, by Jordyn Dahl Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:22.0	Shopify is made for entrepreneurs like you.
0:24.5	Sign up for your $1 a month trial at Shopify.com slash setup.
0:30.5	Buckle up.
0:32.8	Today we're talking cars as Europe's mighty automotive industry faces a serious crisis.
0:42.3	You've heard that Volkswagen is considering closing one of its factories in Germany.
0:46.3	And here in Brussels, the Audi plant is at risk of shutting down to.
0:51.3	Tens of thousands of jobs are hanging in the balance.
0:55.5	The main challenges come from both sides.
0:58.5	Internally, as the EU pushes for a shift to greener electric vehicles, phasing out the internal combustion engine, and from the outside.
1:07.8	Turns out China's way better than Europe at making cheap electric cars. And they're
1:13.2	starting to flood the market.
1:21.7	It's not that the EU is just sitting on its hands. Last week, the block decided that it might soon slam Chinese manufacturers with heavy duties.
1:31.7	That's huge, both in economic and geopolitical terms.
1:36.5	So can Europe meet its green goals while also saving carmakers?
1:41.5	What difference will these duties even make?
1:46.3	And are we on the verge of a full-blown trade war with China? I'm Sarah Wheaton, host of EU Confidential. Later in this episode, we'll check
1:54.7	in with my colleague Max Guerrera in Strasbourg, where Hungarian Prime Minister Victor Orban
1:59.5	had a pretty epic confrontation with EU lawmakers.
	...

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