Europe's Economic Crisis: Can the EU Compete with the US & China?

"Volkswagen Germany's largest private employer is reportedly planning to close three factories and cut more than 15,000 jobs."

"According to one analysis if that is indeed the goal then the tariffs would have to be at least 4 40 to 50% depending on the company anything less would not level the playing field because EVS can be built in China for as little as $5,000 compared to $20,000 in the EU."

"Moreover the proposed tariffs fly in the face of the EU's own environmental goals The block wants to cut emissions by at least 55% by 2030 it is not on track to achieve this and needs to double the rate of its emissions reductions to meet that 2030 Target refusing European consumers access to Affordable highquality EVS is therefore one of the most hypocritical and backwards decisions the EU could make."

"he acknowledges that Europe is not going to beat China on the mass manufacturing of lowcost electronics nor the US in building data centers for cloud computing and AI This logic also seems to be true for clean tech like lithium batteries solar panels and EVS."

"The union currently appears fragile and ill-prepared to compete with the US and China as a block Weak growth and inequality have contributed to the rise of populism which tends to prioritize National control This comes at the expense of less growth if each country insists on having its own national champions of Industry they enjoy more National control but Europe's resources and talent will remain fractured and unable to compete with Chinese and American economies of scale."

"The US and China are racing ahead at full speed and their competition is reshaping the world whether we like it or not Europe is likely to be eating their dust and Fading Into irrelevance if it is not able to compete as a block."