Reported 11 months ago
China is considering restrained retaliation against the European Union following the EU's announcement of tariff increases on Chinese electric cars to avoid triggering a trade war. The move by the EU to impose levies on Chinese vehicles has China planning targeted measures, potentially focusing on agricultural products and luxury goods. Beijing is cautious of a robust response that could further align trans-Atlantic nations against China, conflicting with President Xi Jinping's efforts to promote 'strategic autonomy' in Europe.
Source: YAHOO