- cross-posted to:
- europe@feddit.de
- cross-posted to:
- europe@feddit.de
The European Commission chief said she was “convinced that if the competition is fair” from China, then Europe “will have thriving durable economies”. But she said the “imbalances” caused by state support for Chinese industry leading to cut-cost products threatened jobs in Europe, and that was “a matter of great concern”. “Europe will not waver from making tough decisions needed to protect its economy and security,” she said.
It’s not a “fine” but a XIX century protectionistic measure which is unlikely to help anyone (except making people poorer because higher prices mean higher expenditure for consumers). And from here to the next inflation spiral there is just a small step…
If a government helps a company from their country artificially lower their prices, that causes an unfair advantage to their competitors. And the competitors go bankrupt, the surviving government sponsored entity is then a monopolist able to increase the prices as they want. And the jobs are gone. So how does that fit I to your view on things?
And you are right, it is not a fine, it is a tarrif. But for the explanation the word fine worked better to explain it I thought.
I don’t think there is a solution for European economy. Better be prepared for the worst rather than living with the illusion that these tricks may work.