Tensions Rise: China and EU on the Brink of Trade War
Tensions are rising between China and the European Union over Chinese overcapacity in the electric car sector. European governments are considering crude protectionism measures, such as imposing punitive tariffs, in response to alleged subsidies received by Chinese electric vehicle makers. The European Commission has launched an investigation into the matter, which has already angered China. The EU faces a dilemma between prioritizing its goals of embracing green technologies, reducing dependencies on Chinese products, and preserving industrial jobs. China, on the other hand, continues to invest heavily in manufacturing and hopes that Europe will back down in the face of its market power and control of clean technologies. If not, a trade war could ensue.
- China and the EU risk a trade war The Economist
- Europe is no one’s vassal, ‘relaxed’ Xi tells EU leaders in Beijing South China Morning Post
- China-EU summit: Xi Jinping warns European officials not to engage in confrontation CNA
- The Rest of Asia Can Benefit From the EU-China Chill Bloomberg
- Post-summit news conferences highlight the divide between China and the EU The Associated Press
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