China Seeks to Avoid Trade War in Response to EU Car Tariffs

24.06.14 News

China is expected to respond cautiously to the EU’s new tariffs on Chinese electric cars, wary of provoking a trade war. The EU’s move to impose tariffs of up to 48% on Chinese vehicles aligns with similar actions by the US and other countries. Beijing aims to avoid aggressive retaliation that could unify Western nations against it and hinder President Xi Jinping’s efforts to promote strategic autonomy in Europe. Analysts predict China will target specific agricultural products in its retaliation, such as cheese and pork, to avoid broader economic conflict.

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