Ghost of Truth on Nostr: EV Trade War Heats Up: China Challenges EU's 35% Tariff at WTO Welcome to the ring of ...
EV Trade War Heats Up: China Challenges EU's 35% Tariff at WTO
Welcome to the ring of the regulation and subsidy giants!
China has officially lodged a complaint with the World Trade Organization challenging the EU's recent 35.3% tariff on Chinese electric vehicles. This marks a significant escalation in the growing trade tensions between two of the world's largest economic powers. The EU's protectionist measure, aimed at defending domestic EV manufacturers, has prompted Beijing to launch retaliatory investigations into European spirits, dairy products, and pork imports.
But the fact that China, of all countries, is appealing to the arbitration tribunal because of unfair competition conditions is indeed a joke in itself. Communists are always good for a joke!
#EVmarket #TradeWar #WTO #China #EU #TradeTensions #ElectricVehicles
Welcome to the ring of the regulation and subsidy giants!
China has officially lodged a complaint with the World Trade Organization challenging the EU's recent 35.3% tariff on Chinese electric vehicles. This marks a significant escalation in the growing trade tensions between two of the world's largest economic powers. The EU's protectionist measure, aimed at defending domestic EV manufacturers, has prompted Beijing to launch retaliatory investigations into European spirits, dairy products, and pork imports.
But the fact that China, of all countries, is appealing to the arbitration tribunal because of unfair competition conditions is indeed a joke in itself. Communists are always good for a joke!
#EVmarket #TradeWar #WTO #China #EU #TradeTensions #ElectricVehicles