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The European Commission will provisionally apply additional duties of between 17% and 38% on imported 🇨🇳 EVs from next month.
— Byron Wan (@Byron_Wan) June 12, 2024
The duties will be applied on top of the existing 10% tariffs on all 🇨🇳 EVs, depending on the extent to which they complied with an EU investigation into… https://t.co/D2XRmRRuoi pic.twitter.com/BaPUrRUXZU
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Turkey will raise tariffs on all vehicle purchases from China by 40%, in a bid to curb imports https://t.co/d3kf5lZYmm
— Bloomberg (@business) June 8, 2024
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Overproduction has become a permanent feature in China, with manufacturing exports surging from 2.3% of the world’s total in 1991 to 19% in 2013, all aided by protectionism, subsidies and theft of Western intellectual property. https://t.co/TUozq23aAT
— Mayte Chummia (@Maytechummia) June 7, 2024
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The Global South is also worried about China's overcapacity. Brazil just put a 20% tariff on Chinese goods.https://t.co/WbBKnAa0zM
— Noah Smith 🐇🇺🇸🇺🇦 (@Noahpinion) June 8, 2024
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China's auto sector is struggling with overproduction, impacting domestic and international markets.
— Silas Lee (@Silas9363) June 6, 2024
Source: Business Insider https://t.co/AJXLJB8Gj1
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From printed circuit boards to LCD screens to fiber optics, China is subsidizing overproduction to take control of strategic industrial & telecom sectors.
— Andrew Damitio 🏗️ (🏬🚝☢️🔆🔋♨️) (@AndrewDamitio) April 27, 2024
The US needs a coordinated multi-sector industrial policy to friendshore & reshore supply chains.https://t.co/KshNXbFJD1 pic.twitter.com/SjnIl5Z91i
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Think too much stuff is made in China? Turns out, China agrees
— AL Khan 🔎 🌎 (@caan_al) May 9, 2024
On Wednesday, China's Ministry of Industry and IT proposed lithium battery manufacturers should stop building factories that "simply expand production capacity"
It shows China's own concerns about overproduction pic.twitter.com/S76809Kf9J
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weehingthong 