China Threatens the EU with Higher Import Duties on Luxury Cars


Starting a trade war with the world’s largest car market is not a very wise decision for any country that has a strong auto industry, much less for the European Union, which is home to some of the most important carmakers in the world.

However, this is really on the verge of happening, as the EU has imposed duties on Chinese solar panels, infuriating the government of the world’s most populous country, which retaliated by launching an anti-dumping investigation into imported European wine.

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