'Only silly EU bureaucrats want a trade war': Stephen Perry
“All the car companies in Europe said don't put the tariffs on. But these rather silly people in the EU bureaucracy following American advice, want to try and make life difficult for China. And it's involved in a battle with China, which I don't think it will win,” says Stephen Perry, Honorary President of the 48 Group Club #LeadersLoungue
#LeadersLounge is a high-profile business leaders interview programme by CGTN EUROPE and CCCUK.
#LeadersLounge is a high-profile business leaders interview programme by CGTN EUROPE and CCCUK.
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00:00What China is doing is they're making electric cars for the benefit of the people of China.
00:07And they're priced at the price that they ought to be to get the attention of the market.
00:13That's standard marketing, whether it's America or Europe or China.
00:18So what the Chinese are doing is offering that.
00:20So when the Europeans put on the tariff, what do the Chinese say?
00:24Hold on a second, we've given your car companies a fortune in access to the Chinese market.
00:29We didn't put tariffs on them.
00:31You put tariffs on us, we'll put tariffs on you.
00:33And all the car companies in Europe said, don't put the tariffs on.
00:37But these rather silly people in the EU bureaucracy, following American advice,
00:42want to try and make life difficult for China.
00:45It's involved in a battle with China, which I don't think it will win.