Andinthatkindofeconomy, ifyoudothat, youalwaysgetoverinvestment, youalwaysgetovercapacity, youalwaysgetoverproduction. Andthenthatoverproductiongetsdumpedontherestoftheworld. Chinesemanufacturerscanmake a carforabout $5,500, thecheapest a Europeancando, about $20,000.
By 2030, itneedstoreduceemissionsby 55 percentbelowthelevelstheywereatin 1990.
2030年までに排出量を1990年比で55%削減する必要がある。
That's justsixyearsaway.
あと6年だ。
A reportleakedearlierthisyearsuggeststheEUisnotontrack, toputitmildly. Theblocneedstodoublethepaceofreductiontomeetthe 2030 target. I don't thinkthetariffswouldbetoomeaningfulorimpactfulintermsofslowingdownEVgrowth.
Tariffsare a gianttimeoutthatisjustdesignedforonepurposeinmind, buysometimewhileweregroupandconfrontthismassiveautomotivemanufacturingmachinethatChinapresentsuswith.
Overthelastfewdecades, countrieshaveleveled a lotofaccusationsagainstChina, intellectualpropertytheft, bullyingtradepartnersandsoon. Eventhissuddensurgeofvehicleexportsfits a pattern.
Theywouldbethebeneficiariesofthetariffs, butthey'reworriedthattheyhave a largeinvestmentinChinaandtariffsputthatinvestmentatrisk. Soeachcompanyisgoingtodecidewhichsideofthatlineit's goingtofallon. I mean, I don't envythem.
ItisGermany's thirdlargestautoexportmarketafterthe U.S.
ドイツにとって、米国に次ぐ第3の自動車輸出市場である。
and U.K. TheEuropeancountryhas a tradesurpluswithChinaincarsandinparts. Ontheotherside, theFrenchandItalianmanufacturersarenotexposedtoChinaatallbecausetheyaremoreworriedabouttheirpositioninEurope, whichisprobablythemostexposedtothisincreasingflowof