Xi Has Few Options to Punish EU Without Starting Trade War
- Chinese leaders face quandary in assembling response to Europe
- Beijing has sought to boost foreign investment in China
This article is for subscribers only.
China is likely to adopt limited and targeted retaliation against the European Union after the bloc unveiled tariff increases on Chinese electric cars, with Beijing wary that a more robust response could backfire.
The EU move to take levies on Chinese vehicles to as high as 48% starting next month has it joining the US, Turkey and other nations in acting to limit a surge in imports from the Asian nation. China’s Commerce Ministry and its chamber of commerce in the EU blasted the step by Brussels after the Wednesday announcement.