With the formal implementation of punitive tariffs on Chinese imports of textiles and toy products by the European Union, China's textile and toy products exports to Europe have been completely stopped, and those textile companies with fragile capital chains have begun to close down in this cruel form.

In the face of such a catastrophic consequence, Duke did not feel much in the middle of the R&D base, but Cai Siqiang, as a person, completely felt the sadness and anger of an industry. Although the government has a plan to promote the re-employment of unemployed workers and support mergers, it is still unable to comprehensively rescue so many unemployed textile workers, especially since some of them are older and it is not easy to change careers.

Therefore, in this transformation and change, there have been several mass incidents, fortunately the government dealt with them in a timely manner, and these mass incidents did not cause greater disastrous consequences.

This has become an economic collision and contest between countries, and in this economic war that is far away from thousands of mountains and rivers, although we cannot see bullets and fires, we can hear the wailing in one place. What Cai Siqiang can do is to choose a few textile companies as suppliers of Dongfang Qiyang car seat fabrics in this change, and they expect that the sales volume of cars will reach the level of 1 million vehicles in the first year, although the sales volume of Dongfang Qiyang is not much more than the absolute quantity, but the quality and total sales will be very different.

With such a large number of seat fabrics and leather goods, it is not a big problem to feed a few textile companies, but for the huge textile industry, Dongfang Qiyang's action is just a drop in the bucket.

The Italian luxury manufacturers took the lead in adjusting their sales expectations and profit expectations according to the current situation, although the sales in the Chinese market accounted for only one-sixth to one-fifth of their total sales, but the profits were considerable, and the opaque price system allowed them to sell at unimaginably high prices and obtain high profits in China.

But with the closure of the Chinese market, those good times are gone.

The EU automobile industry and the electromechanical industry have been more affected, China's automobile market has long jumped to the United States automobile market to become the world's single largest market, and the high-end cars in the EU automobile industry have become the most favored objects of the group of people who got rich first in China.

Whether it is Mercedes-Benz, BMW, Audi, and other high-end luxury cars that sell very well, or ultra-luxury cars such as Bentley, Rolls-Royce, Ferrari, and Porsche, which cost millions of yuan, there is a lot of market space in China. Chinese's love for famous cars is simply beyond the imagination of Westerners. Therefore, although the price of these imported luxury cars has more than doubled compared with Europe through channels, they still cannot stop the enthusiasm of Chinese consumers.

But now the same stagnates.

Western workers don't have so much of the big picture, and in the face of such a situation, the lack of factory operation directly led to the precarious work of the workers, so going to the streets became their best choice to make their voices heard, Germans, French, Italians, British......

Well, it is a European tradition to go to the streets, and strong European trade unions are objects that no political force can ignore, and this time the automobile industry and the electromechanical industry are so widely involved that in a short period of time, the number of workers on the streets in Germany, France, Italy and other hard-hit areas has exceeded one million.

Although the Germans were the first to wake up to the fact that they could not pay for the French nuclear power industry, no matter how fast they moved, in the face of the European negotiation system, which has always been known for its prevarication, their actions did not develop as fast as the situation, and before they could pull in enough allies, the Germans first tasted the bitter fruits of the trade war.

Due to the inability to obtain import permits from the Chinese side, tens of billions of euros of products are now piled up in the warehouses of manufacturers or major German terminals, this sudden trade war is squeezing the valuable cash flow of these companies, Western companies do not have the habit and practice of the Chinese government to pay, once the cash flow is exhausted, even the best enterprises will face bankruptcy.

Banks have always been the icing on the cake rather than a charcoal in disguise, and companies that have lost their sales markets will not be able to get loans to breathe a sigh of relief, because banks will fear that doing so will not only not save these companies, but may also drag them down.

Because most of the banks are also in the hands of the enterprises themselves, the government rarely comes forward to cover the bottom, unless the banks have a major collapse of the whole industry, the government will only take action one by one, but only to save a very limited number of people, the vast majority of other enterprises will go bankrupt in accordance with the bankruptcy procedure.

Therefore, banks will never do anything to save lives, they will only choose companies that are well-run and have stable incomes to add icing on the cake.

For the EU's foreign trade, which has an annual trade volume of trillions of euros, the more than 100 billion euros of trade that is now in problem does not seem to be too large, but because of the strong radiation capacity of the automobile and electromechanical industries, once damaged, the impact is also large, and it is completely different from luxury goods.

Germany, France, and other countries that have invested a lot of resources in the debt crisis of European countries to save the European economy have been dragged into some problems, and now this is even worse, and the economies of the two countries quickly began to evolve from small problems to major problems, and in the first month of the start of the trade war, the economic growth rate changed from a slight increase to a negative number.

Although the French are very arrogant, in this case, in the face of the German trade representatives who came to negotiate with them, they have no choice but to go down the stairs, and if they continue to do so, it may really lead to a new round of economic crisis, and the current negative economic growth is just a clear signal.

For the EU countries, there is little more to increase domestic demand, the advanced economies have exploited almost all possible economic potential, and with the current debt-indebted budgets, it is unlikely that there will be any major stimulus measures at the national level.

In a word, the EU can think of fewer ways to deal with the crisis than China, not more, and the people affected by the crisis have no match for the endurance of China.

Therefore, in this lose-lose war, although the number of people who have suffered from China is greater than that of the EU, the EU has suffered more than China in terms of the impact at the national level, and the negative economic growth and the repeated workers' street activities have left the governments of several of the most severely damaged EU countries anxious and exhausted.