Its not that straight forward.
China wants to overtake the Japanese at their own game - Car Manufacturing, which they have done so very well, they are completely vertically integarted allowing them speed, flexibility and commercial sense to produce volumes of cars and flood the global market. Well that is happening right now. The vision being move away from construction related, to manufacturing and services related. Hence they have been subsidising the whole NEV space - with huge covernment incentives. They have sold the EV dream, now more then 50% of NEV's sold in CHina are EV's. This is the new paradigm
The europeans are slow, they took years to work out why their car industry was getting smashed, until they realised that BYD & co were sending huge amounts of vehicles at cheaper prices to Europe. The Eurpoeans started gettingused to it, and nought more BYD's/Tesla's made in China. So to protect jobs, the Germans (VW, Merc, BMW), Italians (FIat), French (Peugout) all made a huge noise to which the Eurpoean union decide to lay tariff's. Problem with the Tariffs is that you are open to counter tarrifs on their exports - Cars/Luxury goods. The Eurpoeans are caught in between, what to do.
So the Chinese are now threatening to do continue to impose tariffs.China has never played fair, thats what you are seeing in the Lithium market - secure Lithium at cheap African prices, and ask for the volumes to come from australia -
Our government/Western Governments on the other hand just don't understand or dont want to deal with the rapidly evolving situation. They allow heavy shorting to take place, in all stocks, there has to be a limit, or else there will be no investment in our commodities space. Moreover as Chinese investment has not been allowed into critical miners/mines, they are now looking elsewhere - ie AFrica. They are getting a lot of success, so soon enough if this Government doesn't do anything about shorting or for that matter giving tax exemptions to our miners, we will be crying poor very very soon. The lucky country may not be so lucky at some point
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