Anorak | The European Commission are being stupid aresholes

The European Commission are being stupid aresholes

by | 29th, May 2012

THE European Commission are being stupid aresholes. Yes, yes, I know, big surprise isn’t it? But they really are dangling out here on the outer precipices  of insanity :

The EU is poised to launch one of its biggest trade cases against China in a generation after telling member states it has compiled firm evidence that Beijing’s telecommunications equipment companies have benefited from illegal state subsidies.
EU officials informed representatives from the bloc’s 27 member states at a closed-door meeting on Thursday they believed the commission had “very solid evidence” that those companies benefited from illegal government subsidies and had sold products in the EU below cost, a practice known as “dumping”.

Upon a determination China was acting illegally, the EU could subject Chinese companies to punitive tariffs.

Companies don’t pay tariffs of course: the people who buy the things, the consumers, pay tariffs. So what the EU Commission is proposing is that you and I must pay fines because the Chinese

You have already read 1 premium article for free today
Access immediately the premium content with Multipass

Or come back tomorrow

Posted: 29th, May 2012 | In: Money Comment | Follow the Comments on our RSS feed: RSS 2.0 | TrackBack | Permalink