Stupid commies never learn
Shot:
E-Bike Anti-Dumping and Anti-subsidy Measures Re-Shore Thousands of Jobs
“Re-shoring of e-bike (Electric Power Assisted Cycles, EPAC) production will immediately create up to 4,600 new jobs, if definitive anti-dumping and anti-subsidy measures are imposed on imports of EPACs from China,” according to the European Bicycle Manufacturers Association.
[…]
Since the imposition of the provisional dumping duties in July 2018, e-bike exports from China to the EU have dropped significantly. According to EBMA “There have been only approximately 10-15,000 units per month in August through October, while the Chinese e-bike exports peaked to an average of 100,000 units per month from January to May.”
Chaser:
It is with great regret, that FreeGo Electric Bikes Limited has ceased trading and will soon be going into liquidation
For any enquiries, please contact the administrator below
To recap, the EU noticed the Chinese were selling an awful lot of bikes in Europe. So, they put a stop to that. Result: almost five thousand new jobs magically transferred to the EU? Lol no. Local bike manufacturers and retailers forced out of business because who the hell did you think was selling those bikes?
FreeGo, which specialized in inexpensive electric bikes, used to make their stuff in Germany, until it because prohibitively expensive. Moving to Chinese factories was the only way they could stay afloat in the low-end market. And now they’re gone.
Yeah, my bike is a FreeGo. Stupid commies. I am pissed.
Have a good weekend, Capitalists!
January 4, 2019 — 7:42 pm
Comments: 17