China signals retaliation against EU’s tariff-hike plans – Politico  ...News

Beijing has warned it would hit the bloc’s aviation and agriculture sectors in response to duties on its electric vehicles, the outlet has said China’s Commerce Ministry has warned that it will retaliate if Brussels goes ahead with plans to slap tariffs on Chinese-made electric vehicles (EVs), according to Politico, citing a letter sent to the EU trade chief.   Chinese EVs are sold in the EU at considerably lower prices than their European counterparts, a gap that Brussels attributes to the financial assistance the Chinese government provides to domestic firms. The value of EU imports of Chinese EVs surged to $11.

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