The European Union is preparing for a large-scale trade war with China over duties on electric cars and may apply a punitive mechanism of international government procurement. This is reported by the Economist magazine.
In early July, the European Commission imposed increased duties on imports of electric cars from China. Beijing said it plans to file a complaint against the EU at the WTO and impose retaliatory measures.
Europe is preparing for a major trade war. Further conflicts are possible, during which the EU will apply new types of trade weapons.
Among the possible measures, journalists named the application of the procurement mechanism. If China refuses to fulfill the requirements, the EU has the right to limit the companies' access to state tenders in Europe.
Another opponent of European officials may become Trump in case of re-election. In Brussels will not leave unanswered ten percent duties on imports, which the politician promised to introduce.
Recall that Turkey wants to become a full member of the SCO. An attempt on the head of Rheinmetall Papperger, who supplies weapons to Ukraine, was being prepared.