Reported 7 months ago
China is considering various options like tariffs on European cars, agricultural products, and luxury goods in response to Europe's tariffs on Chinese-made electric cars. Both sides could face negative impacts as analysts warn of a potential escalating trade war, affecting prices for consumers and exporters. Chinese officials have reiterated their commitment to protecting Chinese companies' rights, hinting at possible action through the World Trade Organization. The situation remains delicate, urging the need to find a resolution to prevent further economic repercussions.
Source: YAHOO