China's carrot-and-stick tactics on EU nations start to pay off
Beijing, as a vote on EU duties on China-made electric vehicles looms, employed a carrot-and-stick approach to deal with the 27-strong bloc, threatening trade retaliation while cajoling key EU states
The potential blow of counter-tariffs on EU goods will fall mostly on states such as Spain, France and Italy that have voiced support for the EV duties, with pork, dairy and brandy exports to the world's second-biggest economy at stake.
European Union members such as Germany, Finland and Sweden that have not pushed for the tariffs would feel less impact
China's tactics appear to be working.
Spanish Pedro Sanchez wrapped up a China visit this week by sitting in a Chinese EV and saying it was an "honour". He then unexpectedly urged the EU to reconsider its position.
As a sweetener, a Chinese company agreed to build a $1 billion plant in Spain to make machinery used for hydrogen production, backing for Spain's green a
Beijing, as a vote on EU duties on China-made electric vehicles looms, employed a carrot-and-stick approach to deal with the 27-strong bloc, threatening trade retaliation while cajoling key EU states
The potential blow of counter-tariffs on EU goods will fall mostly on states such as Spain, France and Italy that have voiced support for the EV duties, with pork, dairy and brandy exports to the world's second-biggest economy at stake.
European Union members such as Germany, Finland and Sweden that have not pushed for the tariffs would feel less impact
China's tactics appear to be working.
Spanish Pedro Sanchez wrapped up a China visit this week by sitting in a Chinese EV and saying it was an "honour". He then unexpectedly urged the EU to reconsider its position.
As a sweetener, a Chinese company agreed to build a $1 billion plant in Spain to make machinery used for hydrogen production, backing for Spain's green a
1 yr. ago
