China Seeks to Avoid Trade War in Response to EU Car Tariffs 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. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts JP Morgan: Is It a Golden Era for Gold? READ MORE Nine years after fleeing in panic, the infamous Deutsche Bank is returning to the LBMA READ MORE Japan's May Wholesale Inflation Surges, Challenging BOJ Rate Hike Plans READ MORE Goldman Sachs Urges Investors to Bet on Gold READ MORE T+1 Transition Troubles: How the Fast Pace of US Stocks Could Disrupt Currency Trades READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment