Last week, some European states voted to impose tariffs on Electric Vehicles imported from China. The vote can't be described as a consensus, because less than half of member states voted to do so, with another portion opposing, and another abstaining. The levy does not just cover EVs in China made by Chinese firms, but also those made in China by European firms and imported back, notably Germany's Volkswagen. China has immediately retaliated by launching a dumping probe into European brandy exports, and will presumably counteract a number of other exports too.
Opinion
10-09 14:56:00