US-China trade war: Which side is Germany on? | To the Point
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Publicado 2024-04-11
Both countries can’t seem to get a grip on their economic woes. China is trying to export masses of subsidized goods to Europe and America. But that creates new problems.
The US, and its Treasury Secretary Janet Yellen are already threatening further tariffs and a trade war. Meanwhile, Germany is trying a new China strategy, which oscillates between cooperation and isolation.
On To the Point we ask: US-China trade war: Which side is Germany on?
Our guests:
Vendeline von Bredow is the Senior Germany correspondent for The Economist, based in Berlin.
Felix Lee is a journalist, a long-time correspondent in China and currently works for the specialist German news outlet China.Table.
and Matthew Karnitschnig is a journalist and correspondent with Politico here in Berlin.
Chapters
1:40: Both Germany and China face demographic challenges.
02:30: China is actively developing crucial technologies.
03:40: Will the U.S. decouple or de-risk?
05:00: Can Germany compete with China in future technologies?
06:30: “If Germans want to keep up, they must invest significantly.”
07:30: Europe isn’t behaving as a global power.
09:30: Analyzing Germany’s “China Strategy.”
10:10: Large German companies are unlikely to withdraw from China.
12:20: China’s message to smaller Western companies: “We no longer need you.”
12:50: China is not a free market and has never been one.
13:20: China’s products are flooding the world.
15:30: Germany has no choice but to engage with both China and the USA.
16:40: Is fair trade with China possible?
18:50: Will Trump increase pressure on China?
19:30: The U.S. maintains substantial trade volumes with China.
20:30: De-risking hasn’t been fully implemented by Germany yet.
22:30: China is already decoupling.
23:30: De-globalization is already underway.
23:55: Germany will face significant challenges.
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Todos los comentarios (21)
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I live in Australia, our government used to pump in billion of our tax money to subsidize major car companies like GM, Ford etc, why ? Because our government thought it was worthwhile to keep the industry and keep the car industry competitive against cars imported from Japan and Europe, but interestingly we heard no complaints whatsoever about Japan or Europe car, and the media thought the exercise of subsidies were legitimate, no complaints at all. Now China boost the EV industry to get the country met the environment needs, improve air quality, but the Western world critical about it. What a double standards and hypocrite😮
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US maintain its economy due to its democracy? I thought it is the hegemony of military and US Dollar.
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Do not worry Germany always chooses the wrong path
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I'm sorry the over-capacity argument I don't buy. Chinese EVs make up 5,2% of the global market and 94,8% are sold in the Chinese market. If this argument was serious then we would be arguing that Germany has a problem in over-capacity in its automotive sector because 13% is sold outside Germany. Why no one made this argument about Germany (and I would make the same argument about Japanese automotive sector). It sounds like people are saying that the Chinese must have enough capacity to only sell in China. But then that means there should be no trade. I don't think anyone wants that.
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Look, the US blew up Germany's gas pipelines. It's pretty clear who should Germany work with for its own interests.
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While Chinese products are "artificially cheap", american products are artificially expensive, I'm looking at you apple
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This is absurd. China is the main economic engine in the world. It is in Europe's interest to trade and to have good economic relations with China.
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America dictates Germany. Which side is Germany on that is not a question at all.
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When China produced all the toys and clothing for the whole world, no one complained about "over-capacity".
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Germany will choose the wrong side as it is runned by puppets
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The moment I heard Economic decline was high level in China while low level in Germany made the show a joke.
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as a chinese, China never force u to choose between US or China we are not US, this is not our style u choose ur self to be Germany
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😂Germany has already made this choice years ago. Has not you made your ultimate sacrifice to serve your master? He busted your energy tube to detach you from Russia and turned you from a manufacturing power house into a vassal state. Oh, are u still investigating?
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Blinken：If you're not at the table in the international system, you're going to be on the menu.
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Germany should stand for herself and work for herself, not for american.
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Maybe grow some balls and make decisions based on the interests of the German people? Not be overly concerned about what everyone else wants and thinks. A friend of all is a friend of none.
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Honestly speaking Germany UK and Japan have no choice
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Terrible journalism The question should be what is best for Germany? Not who to support or trade with?
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Germany is a country without a unified view, the Foreign Minister and the Minister of Finance are not in the same political party as the Chancellor, Scholz and German companies want to do business with China, the CEO of Benz, BMW, they all go to China this time, And there's a U.S. military presence in Germany, so in fact, it is very difficult for Germany to have a unified policy and attitude towards China.
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It's not like China takes it seriously from 2 years ago. They have worked hard for decades in so many area to bring them to the place now in so many industry fields. Autonmotive, AI, Space programs, mining, shipping, machinery, transportation.......
