EU again shooting itself in the foot by joining US trade war against China

The European Union is introducing tariffs on the import of Chinese electric cars because, as seen with the imposition of the boomeranged US-led sanctions against Russia, the bloc fully follows the policy of Washington, which is satisfied with the trade war against China. However, just like the sanctions against Russia, an economic war against China will only leave the EU weaker. Following Washington’s introduction of a 100% tariff on Chinese electric cars, Brussels decided to introduce different tariff rates depending on the car model and manufacturer. The EU had a customs duty of 10% but is now massively increasing them, in some […] #Asia #Europe #Government
Read Full Article: https://www.vtforeignpolicy.com/2024/06/eu-again-shooting-itself-in-the-foot-by-joining-us-trade-war-against-china/?feed_id=12747