Cheaper? You raise an easy target here if you ignore the massive subsidies, completely different financial systems and politics. China ignores international trade rules and Europe, USA etc. can’t ignore this if they want to save their industry and - at the end - democracy.
The EU subsides their car makers just the same. Part of Renault belonged to the French government for the longest time and all the governments are providing incentives to drive the sales of new cars.
See the cash for clunkers program that was running for years after the 2008 crisis.
Using tax payer money to artificially reduce the cost of a new car, If that is not a subsidy, then what is it?
> you ignore the massive subsidies, completely different financial systems and politics
Cool, China subsidizing EU's fight against climate change. Get the free money, save the climate and spend the money you saved on something that you want instead of forced.
> Cool, China subsidizing EU's fight against climate change. Get the free money, save the climate and spend the money you saved on something that you want instead of forced.
Your mental gymnastics needs some training if you think that importing cheap cars instead of selling and exporting your own cars and therefore protecting your own industry and jobs is a better deal or mechanic for EUs fight against climate change.
Maybe you are unaware of „The WTO Agreement on Subsidies and Countervailing Measures disciplines the use of subsidies, and it regulates the actions countries can take to counter the effects of subsidies.“?
The same thing with the eu car companies... they even took the money from the states where they had factories (Germany, Belgium, France) which greatly subsidized them, increased their profits and margins then moved to the next EU state and beyond.
If we are bailing out an industry, this can't be on the shoulders of the public who doesn't have anything to do with the failure. If we are going to save it, make sure those responsible for the failure are paying too. You are asking for Europeans to pay almost half a year of their salaries to save these industries, then at least take away the properties of those involved in the failure. Maybe it wouldn't change much but are in this together or not?