Reported 8 months ago
European leaders are responding to the current threat posed by Chinese imports by choosing to welcome Chinese investments instead of imposing higher trade barriers like the U.S. In an effort to hedge against the potential impact of a global trade war or influx of cheap Chinese imports, Europe is allowing Chinese investments in sectors like electric vehicles and batteries. This approach aims to strengthen industrial ties between Europe and China, potentially causing tensions with the U.S. as Europe becomes more integrated with China economically.
Source: YAHOO