Because, you know, why let consumers benefit from competition when you can stoke the flames of a trade war that'll probably backfire on European automakers? The news saw shares of European automakers rally first, before paring gains on the eventual thought of potential backlash.
Speaking to parliament, von der Leyen said: “Their price is kept artificially low by huge state subsidies. This is distorting our market. And as we do not accept this distortion from the inside in our market, we do not accept this from the outside.” Von der Leyen has been working to “de-risk” the EU's relationship with China without"decoupling" it, the report says. , Chinese domestic automakers have started to officially dethrone Western competition after the West's decades of dominance.
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