To: Julius Wong who wrote (201497 ) 9/17/2023 7:44:50 PM From: TobagoJack Respond to of 218054 Re <<ASML CEO Says Chip Controls Will Push China to Create Own Technology >> ... my wager is on China per imperatives lead to solutions, especially for civilisational states that lasted awhile, with 'awhile' defined as 4,000 years at the very least In the meantime Team Europe appears to want to have a go-go-go at China China China, and be cut off from Russian LNG for the second time, at least that portion of Russian LNG that is routed through and by China China China, as well as USA USA USA LNG that is routed through and by China W/r to the 'go' my wager is also on China, as EU must protect German auto import / export / whatever that be routed through or otherwise created in China China China I am wondering, is it me or there are others with impression that EU EU EU bureaucrats are unqualified for leadership and leading the folks there down the wrong path? Below be what 'we must make 360-degrees turn' Baerbock has to say when she said whatever she might have been remiss in noting that "German Carmakers Have Heavy China Exposure ", and that 20-30% is NOT 'heavy' but 'destiny-making', for that amount of volume makes the difference between profits-good / losses-bad. EU has no ammunition (where have I read that word recently?) for a trade war fight. EU spent the ammo on the ASML campaign and did not win.bloomberg.com Europe Must Cut Down on Its Dependence With China, Baerbock Says - The German foreign minister speaks in a Bloomberg TV interview - She said the EU must de-risk from China but not decouple Photographer: Gilles Sabrie/Bloomberg By Arne Delfs and Annmarie Hordern 18 September 2023 at 03:37 GMT+8 German Foreign MinisterAnnalena Baerbocksaid that the European Union must reduce its reliance on China and that she supports the EU’s investigation into the subsidies Beijing supplies its electric-vehicle industry. “If you are bound too closely it can endanger yourself,” Baerbock said in a Bloomberg Television interview on Sunday. She added that “cutting down on our dependency” was necessary with a country like Russia that invaded Ukraine, “but also now with regard to China.” The European Commission, the EU’s executive arm, announced the anti-subsidy probe this past week, which could lead not only to tariffs on made-in-China EV imports, but retaliation from Beijing as well. It would be a dangerous escalation for the EU, whose auto sector accounts directly or indirectly for nearly 14 million jobs — or 6.1% of the bloc’s workforce. Tensions between China and the EU have been simmering for months. The transition to cleaner technologies is a particular point of contention, with the bloc’s industrial core at risk of losing share to faster Chinese companies. The probe, which is of strategic importance for Europe, will be discussed with Chinese officials during a high-level visit to China next week, the EU’s trade chief,Valdis Dombrovskis, said on Saturday. Germany in particular would be exposed if tit-for-tat trade retaliations turned into a full trade war. German automakersVolkswagen AG,Mercedes-Benz AGandBayerische Motoren Werke AGhave built dozens of factories in China and all three manufacturers now sell more vehicles in China than in any other market.German Carmakers Have Heavy China Exposure Source: Citigroup Note: Estimates based on full-year 2022 figures, including import and local joint-ventures Baerbock said that Europe should seek to de-risk with China, but not decouple, “because you can’t decouple in an interconnected world.” The EU’s investigation marks the first concrete step to beat back rival state support for green technologies after more than a year of ever-larger subsidies in the US, China, the UK and Europe. Depending on the results, it could move the trading partners toward tit-for-tat protectionist measures. “Being a partner in climate issues, being a competitor with China when it comes to new technologies, but also seeing that we are systematic rivals and that we have to protect our own vulnerabilities,” she said. ‘But we should be able to defend ourselves and not be naive.”