This program has been approved by the EU since March this year, but has only been expanded by the EU to the UK, Japan and South Korea. The phrase "Made in Europe" or "Made in the EU" is used by the EU as a brand and a symbol for the EU. The "Made in Europe" or "Made in the EU" program is based on EU laws to strongly develop and sustainably protect industries of strategic importance to the EU both now and in the future such as electric cars, batteries, wind power and steelmaking.
That is the way the EU chose to deal with cheap products from China and the US policy of using state financial support to attract economic circles around the world to invest in the US and produce and process in the US. It can also be seen through this the EU's shift from firmly free unconditional trade to economic protection for economic sectors of strategic importance.
Two of the four main pillars of the "Made in Europe" Program are the use of components and semi-finished products manufactured within the EU territory and not allowing outsiders to acquire EU enterprises. Accordingly, the governments of EU member states reserve orders and EU policy and financial incentives only for EU enterprises using components and semi-finished products manufactured and manufactured in the EU, for types of finished products manufactured or assembled in the EU.
The EU's purpose here is to encourage EU economics to invest and produce within the EU territory and not to let external partners enjoy EU policy and financial preferences. The EU applies these new policy orientations to automobile products particularly strictly.
On June 8, the EU fundamentally adjusted this industrial development strategy by allowing finished cars from the UK, Japan and South Korea to be treated equally to "Made in Europe" cars of the EU.
The EU is forced to adjust in the direction of expanding the scope of foreign businesses to enjoy EU special preferences for three reasons. First, the discrimination in terms of special policy and financial preferences between EU businesses and businesses of the UK, Japan and South Korea has made car manufacturers of these three partners dissatisfied. They protested and threatened to withdraw investment from the EU to move to the US. If they do it really, the EU will inevitably suffer double losses and especially help the US fishermen benefit.
Second, economists in the EU are concerned that many jobs in the EU will be destroyed if the EU does not adjust and amend its strategy.
Third, the EU's industrial development strategy also aims to cope with US tariffs on EU cars and cope with China's almost exclusive advantage in supplying rare earths, precious metals and batteries for electric cars.
If there is discrimination in terms of special preferences, the alliance that the EU painstakingly built in the form of a network of special partnerships to deal with the above content will inevitably be fractured and internal discord, so it will become nominally heavy but substantively light.
The EU is forced to adjust its industrial development strategy, offering special preferences to important and reliable partners to maintain the union. However, this adjustment also brings practical benefits: Internal reassurance, partner recruitment, creating a gap between them and the US, while increasing the EU's position and strength in competition with China.
