It is one of the great ironies of this world that the most successful capitalist country of recent times is the communist controlled Peoples' Republic of China. The reason for this is not difficult to see. As Irwin Stelzer said in the Sunday Times (19/11/17), "subsidised Chinese Companies have an immense competitive advantage".
As Jeremy Clarkson was so fond of telling us, China has been making knock off copies of European cars for years. How many people realise that the new MG cars now being sold are made by a Chinese company in China? If a foreign company wants to sell cars in China, they must manufacture them there with a Chinese partner, or pay a 25% duty on imported cars.
And yet China has been a member of the World Trade Organisation since 2001, so presumably what it does is within WTO rules?
It is one of the great mysteries to me that the UK does not do the same thing. A 25% import duty on cars would reduce the number of imports and encourage manufacturers to make the cars in the UK. With all parties committed to facilitate the switch from petrol and diesel to electric cars, now seems an ideal time to introduce the measure and ensure the new factories are built in the UK to service our 60 million+ consumers.
Of course, such a tariff is contrary to EU rules, which are designed to help the multi-national companies to source their goods from low wage economies. With 30,000 lobbyists in Brussels, the multi-nationals have ensured that their economic growth is enshrined in EU law. But the UK has voted to leave the EU, which brings forth a multitude of opportunities to have much greener policies. And there is nothing greener than reducing the number of vehicles and the miles they have to travel to get to the customer.
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