Reported 8 months ago
The editorial discusses the escalating trade tensions, with the EU imposing punitive tariffs on Chinese electric car manufacturers like BYD, signaling a potential trade protection war. Despite the imminent threat, China has shown restraint and is strategizing retaliatory measures carefully to gain leverage in negotiations. By using electric cars as bargaining chips and engaging in detailed negotiations with European counterparts, China aims to potentially avert a full-blown trade war. The key lies in finding mutually beneficial solutions through negotiations, which could potentially turn the looming global trade war into a positive outcome, as efforts are being made on both sides for substantive discussions to defuse the crisis.
Source: YAHOO