Trade tensions have continually risen among China, the European Union, and the US in recent years, with much of the drama surrounding imported EVs, so 10 days after the Biden administration introduced a 100% tariff on several categories of Chinese goods, including EVs, China has threatened to retaliate with tariffs on its own vehicle imports.
The EU has also been included in this threat but while it is conducting a probe into China’s EV exports, it has placed this probe on a temporary halt pending EU’s elections
Source: Electrek: Read The Article
PSR Analysis: With China not having enough car carriers to export all the EVs it is manufacturing, it’s very hard to see the EU not following the tariff route, but the real question that arises is whether or not this will lead to a trade war. China produces so many EVs that it needs to export, it’s also hard to see how they can retaliate without widening the areas affected. PSR Top of Form
Guy Youngs is Forecast & Adoption Lead at Power Systems Research
