Bloc ‘will not waver’ from making tough decisions to protect economy and security, says Ursula von der Leyen

The European Commission chief said she was “convinced that if the competition is fair” from China, then Europe “will have thriving durable economies”. But she said the “imbalances” caused by state support for Chinese industry leading to cut-cost products threatened jobs in Europe, and that was “a matter of great concern”. “Europe will not waver from making tough decisions needed to protect its economy and security,” she said.

  • Grimy@lemmy.worldEnglish
    21·
    2 months ago

    All companies working in the energy and transport sector receive vast subsidies and financial help from whatever country they are located in.

    This isn’t about unfair practices, since it’s literally a common practice. This is to protect oil companies and the car makers who took bribes instead of pivoting and are now feeling that decision.

    • RubberDuck@lemmy.worldEnglish
      2·
      2 months ago

      No it is not. The EU asked for information from the companies to show how they come to their prices and they chose not to comply.

      Drawing comparison to another sector is not helpful as what is common for one sector is not for the other and leads to unfair advantage.