Biden acted too aggressively against China, angering the European Union and being counterattacked

Mondo International Updated on 2024-01-28

The U.S. has attracted a lot of attention about China's EV policy, but this unilateralist approach could cause more trouble for the U.S. itself and other countries. The U.S. recently issued a new rule on EV subsidies that restricts EV components, clearly targeting China. However, such an approach could have a negative impact on the U.S. auto industry and its international image. First, the U.S. hardline approach could lead to damage to its own interests.

The U.S. is also currently dependent on Chinese EV components, and overly restricting the use of Chinese parts would skyrocket U.S. production costs and undermine U.S.-China cooperation, causing economic damage. In addition, the strictness of the regulations may reduce the number of models eligible for subsidies, which is not conducive to energy conservation and emission reduction, and will also damage the international image of the United States. Second, the US approach has also affected the interests of the European Union.

According to reports, the United States did not even allow some EU and Japanese cars to receive subsidies, which caused the EU to be dissatisfied and take action to fight back. The EU is taking action to protect its interests, which also shows that the EU does not want to become a vassal of the United States, but wants to have more autonomy and voice in the international community. All in all, what the United States is doing against China will not only harm China's interests, but also the interests of other countries.

This practice is not conducive to fair competition in the world and the development of the global economy. It is hoped that the United States will adopt a more open and fair policy and cooperate with other countries to jointly promote the development of the global economy.

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