It could well be the last straw.Sure, it`s more expensive, but the EU industry is going to be heavily damaged ? You overestimate the impact of basic resources in the whole value chain, the size of the internal market and the human capital factor is what matters. If you produce high quality/innovative/unique products, then the prices does not matter so much, look at Switzerland as an example.
The imports to the EU from China increased in 2021 very much, imports as well...
Significant increase in EU imports from China
Trade with China, the EU’s third-largest export destination and the largest import partner, has increased significantly in 2021. The COVID-19 crisis caused both exports and imports between the EU and China to slow down in the first months of 2020, but both quickly recovered over the following...ec.europa.eu
Due to the COVID ups/dows your 20% could make sense.
Lately the PR of China/Chinease Products is the EU are not getting any better due to the open support of Russia.
For scale the PL-DE Trade is about 150B Euro / year. Poland has 38M People.
RU-DE Trade is 60B Euro / year. Russia has 145 M People and is the biggest country in the world. We often make have fun of Russia in PL, because of... Facts.
German trade with China in April unaffected by Covid lockdowns, imports up 52.8% , exports down 1.5%
German trade with China in April unaffected by COVID-19 lockdowns, imports up 52.8% , exports down 1.5% June 13, 2022 BERLIN, June 13 (Reuters) - German trade with China in April was little affected by COVID-19 lockdowns and consequent disarray in supply chains, the Federal Statistics Office...
defence.pk
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seriously you think Russia is only using those outdated weapons and Ukraine has proven to be quite a match my friend
