China's Xi Warns Of "Trade War" Over Pork As EU Mulls Tariffs On EVs | Firstpost Tech & Trade
China's Xi Warns Of "Trade War" Over Pork As EU Mulls Tariffs On EVs | Firstpost Tech & TradeChina has initiated an anti-dumping investigation into EU pork imports, targeting various pork products, starting June 17. This move is seen as a retaliatory measure against the EU's planned additional tariffs on Chinese electric cars. The EU alleges that Chinese EV makers benefit from unfair state subsidies under Xi Jinping's government in Beijing. The European bloc aims to impose tariffs of up to 38% to protect its domestic industry. Similarly, in May, the Biden administration in the United States imposed 100% import tariffs on Chinese EVs, citing similar concerns. These developments highlight China's dominance in the electric vehicle market, sparking global tariff disputes and geopolitical tensions. But how did we reach this point? Let's find out.
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