True..but EU Countries are looking at it at a different angle,
They have Chinese partnerships in the manufacturing process say 49 % with Chinese investing in EU Manufacturers. Correct me if I'm wrong..
but they are exporting to China as well....
But in this, they too are worried about cheap imports but at the same time, they don't want to lose China as an export market.
Catch 22 for the EU..
Don't think they will sacrifice thousands of jobs to keep sweet with China., if China exports their $10,000 USD cars to the EU...
Tariffs will be needed to balance this out...." Not doing so would be political madness"....selling out the EU workers will cause riots in the streets...the French will burn its Government down!
True..but EU Countries are looking at it at a different...
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1.7¢ |
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0.001(3.13%) |
Mkt cap ! $73.81M | |||
| Open | High | Low | Value | Volume |
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| AZL (ASX) Chart |