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Since entering 2024, the United States has targeted three new areas when targeting China. In recent years, the export volume of the mainland's new three products has increased significantly, especially new energy vehicles, which have repeatedly created good results.
In the face of the fact that China's new energy electric vehicles have gained a lot of recognition in the international market, sales are also increasing, which makes it difficult for United States to accept.
In order to prevent China's development in the new energy electric vehicle industry and other aspects, the United States has begun to pour dirty water on China, and even smear China's overcapacity. In fact, this is not the first time that the United States has used this kind of public opinion guidance against China.
In recent years, the United States has been constantly relying on its hegemony to suppress China in various fields.
The purpose of the United States' exaggeration of China's overcapacity is to further hit China's development in the manufacturing industry.
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The new tariffs set by the United States soon led some countries in the European Union to follow suit, and the European Union subsequently issued measures to increase tariffs on Chinese electric vehicles.
In addition, India and other countries have also begun to follow the practice of the United States and Western countries, announcing new tariff measures for some Chinese goods.
Turkey, a European country, has followed suit, announcing new taxes on all Chinese car products. Unlike the United States and the European Union that only increase tariffs on China's new energy electric vehicles, Turkey wants to increase tariffs on all vehicles in China.
Turkey said that the reason for increasing tariffs on all Chinese auto products is to protect the safety of consumers, ensure the health of consumers, etc., and also protect the market share of Turkey's domestic production.
In the past years of development, although the total sales volume of the mainland market in this country is not too high, compared with the past, the sales scale of these goods is still growing rapidly, and has achieved very good sales in the country. Once the country implements a new tax policy, it will inevitably affect the sales of mainland cars within its borders.
It is clear that Turkey's increased tariffs on Chinese cars are also following the example of United States. However, it has recently been reported that the European country has announced that it will no longer implement the tariff measures set before.
At the same time, it was officially announced that it would settle in the Chinese currency, which once again shook the hegemony of the dollar.
Turkey officially announced the cancellation of new tariffs
Not long ago, Turkey suddenly announced that it would cancel the new tariff policy set before, and no longer increase the 40% tariff on all vehicles in China.
Some analysts believe that the fundamental reason why they need to remove this tariff measure is to attract Chinese companies and want to get more investment.
Previously, BYD announced that it was about to invest $1 billion in the country. At present, BYD has completed relevant negotiations with BYD to build a second factory in this country.
Some analysts believe that BYD's construction of a factory in Turkey is more conducive to promoting China's new energy vehicles into the EU. Because Turkey and the EU have a very close relationship, and Turkey's unique geographical location allows BYD to significantly reduce costs.
Under the background of the continuous globalization of the automobile industry, green and energy-saving new energy vehicles have gradually become a mainstream trend in the development of the global automobile industry.
As a mainland car brand, BYD has a leading technology in the global new energy vehicle industry, and its global influence has been further expanded with advanced production technology and large-scale production lines.
With the continuous development of BYD enterprises, going abroad has become a key part of the development of this enterprise.
In fact, BYD has been continuously carrying out the layout of the global industry in recent years, and Turkey is in the key area of Eurasia, and the construction of factories in BYD is more conducive to promoting BYD to enter markets such as Europe and the Middle East, which is the key to enhancing BYD's competitiveness in the global market.
With Turkey's policy advantages and unique geographical location, BYD's production costs can be greatly reduced and BYD's share in the international market can be increased.
BYD's investment in Turkey is conducive to the development of Turkey's manufacturing industry, enhances Turkey's competitiveness in the industry, and at the same time solves Turkey's economic growth needs and employment needs.
This is the main reason why Turkey announced that it will not implement the new tariff policy on China's auto industry.
Announced the use of RMB for settlement
In the past years of development, Turkey has been following the footsteps of the United States and Western countries, hoping to hold the thighs of the United States and help the economic development of the Turkey.
However, in the process of following the United States and Western countries, Turkey did not achieve its goals. Against this background, the Superior decided to re-opt for a new development strategy. Recently, Turkey announced that it will use RMB for the settlement of passenger aircraft leasing next.
The announcement Turkey also a big challenge for United States, as Turkey have been using US dollars for settlements in the past. Although Turkey announced that it would not cost much to use the renminbi when announcing the lease of aircraft, it was another test for the dollar.
In the past, the US dollar has always been an important settlement currency in the world, and in the international settlement system, the US dollar has always ranked first. In the process of international trade or cooperation, most countries often choose the US dollar.
In recent years, the hegemony of the US dollar has been weakened, especially in the context of many countries joining the ranks of de-dollarization, and the proportion of settlements using US dollars has decreased compared with before.
As a European country, Turkey announced the use of yuan to lease passenger planes, once again shaking the hegemony of the dollar. You must know that in order to maintain the hegemony of the dollar United States it is constantly using its global economic position to put pressure on many countries.
Prior to this, the United States had forced Iraq to abandon the use of renminbi for oil settlements.
As an ally of United States, Turkey's recent announcement is a challenge to the hegemony of the dollar. In fact, this phenomenon also shows that in the next development, it is an inevitable trend for the international settlement system to diversify.
Although the US dollar has been able to dominate the world and even the main settlement currency in international trade in the past, the United States has abused its hegemony to continuously cause losses to the economies of other countries.
What the United States is doing will only raise doubts in more and more countries and further reduce their credibility. In the future international payment system, it is an inevitable trend to reshape the new settlement pattern.
What do you think about Turkey saying "goodbye" to the United States and switching to Chinese yuan for settlement? Welcome to discuss in the comment area!
Information sources:
Oriental Wealth Network: From 40% additional tariffs to conditional exemptions Why Turkey's policy on China's electric vehicles has made a big U-turn