Sean Foo: " But Western companies would rather just endure the tariffs. They need to build EVS in China not just for the EU Market but for the global economy and it's all about getting as close as possible to the CENTER of the supply chain . You build in China and you export out to the world ; this is the business model of the present and for the foreseeable future "<
https://youtu.be/dkaC7c-891c?si=rnsqmxz02KDPNImR
"German direct investments into china hit
nearly €2.5 billion e Q2 was 4.8 billion
and this brings the total Investments to
7.3 billion in just the first half of
this year that's more than the entire
fdis in 2023 and the biggest investors
are ironically German automakers when
companies move to China they bring
employment to Chinese workers realize
the big rebuke happening
even though the
EU is about to punish EVS made in China
German car makers they ignore this;
they have to manufacture in China ; if you
manufacture a car in China in a Chinese
Factory you'll be punished. Imports to
Europe will be subjected to a big tariff
36% and that is on top of the existing
10% import tax <
But Western companies
would rather just endure the tariffs.
They need to build EVS in China not just
for the EU Market but for the global
economy and it's all about getting as
close as possible to the CENTER of the
supply chain . you build in China and you
export out to the world this is the
business model of the present and for
the foreseeable future <
China supply
chain goes beyond just being a producer
11:51
and refiner of critical minerals take
11:54
Kobalt for example this is a input
11:56
needed to make EVS China controls 76% of
12:00
global Cobalt production that's
12:03
impressive but Beijing goes beyond that
12:05
the majority of Supply comes from Congo
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