Sander Tordoir @sandertordoir.bsky.social · 11/08/2026One place the Bundestag should have started yesterday is to equip its EV subsidy scheme with buy-European clauses, to ensure that German incentives boost the domestic economy, not Chinese car imports. 6/ 3434
Sander Tordoir @sandertordoir.bsky.social · 11/08/2026The German environment minister earlier this year confidently claimed Germans would buy German and European cars anyway. Almost 50% of plug-in hybrid sales in Europe are now Chinese. Turns out growing Chinese car quality meeting a 20-30% undervalued exchange rate matters! Who could've known? 7/ 3466
Dan Grey @dangrey.bsky.social · 11/08/2026China's currency isn't undervalued. China simply has lower costsmarketmonetarist.comBurgernomics at forty: what four decades of hamburger prices tell us about exchange rates and relative pricesA couple of days ago, on 1 August, Brad Setser posted that The Economist had picked a good week for a currency cover, and that the Big Mac index agreed with his own work in putting the yuan around … 010
Bill Heywood @billheywood.bsky.social · 11/08/2026The EU was very stupid to raise tariffs on clean Chinese BEVs and not on dirty Chinese PHEVS and other things with a combustion engine The tariff on anything with an engine should be a lot higher than a BEV 000
Sander Tordoir @sandertordoir.bsky.social · 11/08/2026Deregulation can be helpful, but to my mind, this is where Berlin has to do its own homework. Some ideas: get rid of insurance mandates for competing EU companies, suppress protected professions, create tax incentives to work, not stay at home. The IMF has some suggestions. 7/end 1397
