Europe faces industrial wipe-out
FEBRUARY 22, 2024
By Paul Homewood
In the United States, there are massive subsidies. In China, there is an industrial strategy pursued with ruthless effectiveness. And yet in Europe, there are just “deadlines and fines”.
Luca de Meo, the boss of the giant French car manufacturer Renault, didn’t mince his words when he called this week for a coherent response from Britain, France, and the rest of the major European industrial nations, to the threat posed by imports of cheap foreign electric vehicles.
Sure, it would be easy to dismiss that as just another industrial leader calling for soft loans and tariffs to rescue an uncompetitive industry. And yet de Meo is on to something. Net zero has turned into a Chinese weapon aimed right at the heart of Western competitiveness.
If we don’t wake up and recognise soon that we have to figure out a better way of combatting climate change, our industries are about to get wiped out.
https://notalotofpeopleknowthat.wordpress.com/2024/02/22/europe-faces-industrial-wipe-out/
