China Weighs Limited Response to EU Tariff, Aiming to Avoid Trade War

Reported 10 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

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