Europe has no clue how economics works. They think they can solve their economic problems by imposing trade barriers. They don't understand that there are benefits to be obtained from foreign trade. They don't realize that there are other ways to keep their people employed besides blocking foreign trade which might benefit them. All they have to do is stimulate their economy with a little monetary growth and/or tax relief.
However, on the subject of outsourcing jobs overseas and bringing in millions of migrants who are 'taking jobs most Americans just won't do,' well . .
Tax relief in Europe? That's not going to happen any sooner than John Kerry getting in the WH. Socialism does not believe in tax relief.
However, the EU folks are not too stupid to realize that much of China's success is a result of erecting its own trade barriers!
How does that jibe with simplistic (and inaccurate) representations of free market capitalism?
this is just an execuse so more power can be given to the EU to set a european wide industrial policy (which never work).
In some ways Europe still has a fuedal outlook.