After the US, Europe follows!
Presumably, the Communist Party of China has indeed subsidized EV production too much to give it an unfair advantage over competitors!
Trade wars are not good either! Human prosperity is at stake! The negative effects could be long lasting! It may well escalate!
The largely free trade era since the General Agreement on Tariffs and Trade (GATT) of 1947 may come to an end!
"... Tariffs will be imposed by October 31 for five years, following the closed-door vote of the bloc’s 27 member states. The vote was triggered by an anti-subsidy investigation, which found that Chinese-made EVs were distorting the European market. ..."
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