They are not going to ban pork imports.
this post was submitted on 13 Jun 2024
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This is the best summary I could come up with:
“It’s a little bit like seeing a slow motion traffic accident unfolding,” Jens Eskelund, the president of the European Chamber of Commerce in China said earlier this year.
The EU is also investigating subsides given to Chinese wind and solar companies and whether China is unfairly restricting access to the market for medical devices, a long-running complaint of European manufacturers.
The European Union said it had reached out to China to discuss the findings of the EV investigation, and that the tariffs would take effect on July 4 if the two sides fail to resolve the issue.
The Global Times also quoted a leading Chinese auto industry expert calling for raising the tariff on imported vehicles with larger engines to reduce carbon emissions, a move that would hit high-end German exports from Mercedes and BMW.
Volkswagen expressed concern that the EU tariffs on Chinese electric vehicles could escalate trade conflicts and said the European Union is promoting an ongoing trend toward protectionism, nationalism and isolationism.
Research firm Sanford C. Bernstein noted that the impact on German makers would be muted by the fact that most of their cars sold in China are made locally.
The original article contains 700 words, the summary contains 194 words. Saved 72%. I'm a bot and I'm open source!
and consumers have been trained to buy the cheapest shit they can find.