Post by Baron von Lotsov on Jun 24, 2024 17:41:18 GMT
UK PMI: above 50 means it is increasing its orders.
PARIS — French Economy Minister Bruno Le Maire on Thursday welcomed the European Commission’s decision to impose duties of up to 38.1 percent on electric vehicle imports from China and urged Brussels to do the same in other sectors.
“It’s a good decision, it’s a brave decision, which shows that we can reestablish a power balance between Europe and China. Now we have to support it,” Le Maire said in an interview with Sud Radio.
“We have been waiting for this for years. … It is a first decision, I hope that it will be followed by other decisions on Chinese overcapacities that threaten European industry,” he said, mentioning the Chinese wind and solar power industries.
“It’s a good decision, it’s a brave decision, which shows that we can reestablish a power balance between Europe and China. Now we have to support it,” Le Maire said in an interview with Sud Radio.
“We have been waiting for this for years. … It is a first decision, I hope that it will be followed by other decisions on Chinese overcapacities that threaten European industry,” he said, mentioning the Chinese wind and solar power industries.
Manufacturing needs cheap energy. This could be a brexit benefit.