this post was submitted on 27 Mar 2024
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The headline sounded odd considering EU countries aren't exactly averse to subsidies, but the kicker is this:
So it's protectionism that'll apply especially to poorer and up-and-coming countries that don't have established private megacorps (i.e. their companies depend on economic strategies like window guidance to grow).
I'm neutral about protectionism in general, but contextually it can have negative outcomes - e.g. the EU's agricultural policies have not been good for poorer countries. At a time when poorer countries are bleeding money as we can see by tracking Net Resource Transfers (with China being one of the few exceptions), it's a little tougher to be happy about policies like these.
Indeed. Seems like EU is dead set on joining the US economic war on China.