Experts believe Beijing will retaliate with measures that could hit European exports from cheese to cognac
The EU is expected to notify China that it will impose tariffs on electric vehicle imports this week, firing the starting gun on a potential summer trade war with Beijing.
A formal pre-disclosure of tariffs could happen as early as Wednesday, after a lengthy investigation into China’s state subsidies for its car manufacturing, which is predicted to conclude that massive support continues to be concentrated on the EV sector.
About Author
More Stories
Ex-McKinsey partner pleads guilty to destroying records on opioids
Elon Musk says all human data for AI training ‘exhausted’
Bezos’s Blue Origin schedules, then delays first orbital launch