China’s response to EV tariffs may be driven by EU indicators

News Snapshot:

When Joe Biden announced steep new tariffs on Chinese electric vehicles (EV) and a range of other products on Tuesday, Beijing’s reaction was immediate and predictable. Its commerce ministry said the president’s decision was driven by political considerations during an election year and foreign minister Wang Yi described the action as a typical case of hegemonism and bullying. “It seems that some in the United States have lost reason in a quest to ensure US unipolar supremacy. Taking unscrupulous actions against China does not prove the strength of the United States, but only reveals that the United States has lost...