The European Commission will launch an anti-subsidy investigation against Chinese automakers, which may result in higher import duties on electric vehicles.
Good. No OECD nation would get away with what China is doing. China subsidises their industries to an absurd degree. No one else can compete with that, and developed nations are largely prevented from applying similar anti-competitive subsidies.
Good. No OECD nation would get away with what China is doing. China subsidises their industries to an absurd degree. No one else can compete with that, and developed nations are largely prevented from applying similar anti-competitive subsidies.