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Threatened Audi Plant Closure Sparks Brussels Industrial Protest.
- Source :
- Bloomberg.com; 9/16/2024, pN.PAG-N.PAG, 1p
- Publication Year :
- 2024
-
Abstract
- Thousands of workers gathered in Brussels to protest the possible closure of an Audi car factory. The protesters, including workers from Belgium and the Czech Republic, marched towards the European Parliament, calling for an end to Chinese "dumping" of industrial products. The closure of the Audi factory highlights concerns about the loss of European industries as the continent leads in the climate transition and faces competition from cheaper competitors abroad. The European Commission is planning to impose tariffs on Chinese-made electric vehicles, and former European Central Bank President Mario Draghi has called for significant investment to maintain Europe's competitiveness. The green transition has also led to unrest in Brussels, with farmers protesting over costs and environmental regulations. European Commission President Ursula von der Leyen faces the challenge of enacting green goals while keeping core economic sectors on board. [Extracted from the article]
Details
- Language :
- English
- Database :
- Complementary Index
- Journal :
- Bloomberg.com
- Publication Type :
- Periodical
- Accession number :
- 179671153