The Rise of China's "New Trio": Why is Western Protectionism Intensifying？

#ChineseCar #NewEnergy #electricvehicles
On June 12, 2024, the European Union announced a tariff increase of 17% to 38% on electric vehicles imported from China. Prior to this, the United States had just raised its tariff from 25% to 100%. China's electric vehicle industry is just beginning to make its mark globally, so why are Europe and the United States so anxious, resorting to protectionism to slow its growth?
As China's industries of electric vehicles, power batteries, and photovoltaic products-dubbed the "New Trio"-rise, Western countries have increasingly adopted protectionist measures to curb their development. These actions reflect the West's concerns over China's potential dominance in future industrial competition and highlight the tensions in reshaping international rules.
Is this true? Dear viewers, welcome back to our channel! I'm thrilled to share and discuss today's topic with you: Why are Western countries imposing high tariffs as China's "New Trio" rises? What are the main objectives of these measures? How did China establish its technological and market advantages in electric vehicles, power batteries, and photovoltaic products? What specific impacts have these advantages had on the global market? How are Western countries responding to the rise of China's "New Trio" in international industrial competition? What are the effectiveness and potential impacts of these strategies?
Yes, dear viewers, what exactly is happening here? What secrets and stories are involved? The upcoming video will be divided into three parts to provide you with detailed analysis and insights. Let's get started!
Currently, electric vehicles, power batteries, and photovoltaic products have become China's new leading exports. According to customs data, the total export value of the "New Trio" reached 1.06 trillion yuan in 2023, breaking the trillion-yuan mark for the first time. This achievement not only signifies a significant increase in the competitiveness of China's high-tech products in the global market but also reflects the breakthroughs and accomplishments in national technological innovation.