2024-09-16 09:00:08
Economy
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Rising Trade Tensions: A Global Concern
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Trade Wars Engulf the World
Economy
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Finance
In a period when the World Trade Organization is in turmoil, and the devastating consequences of global economic fragmentation are evident, trade tensions and protectionist policies are rising between China-EU-US. In the past five years, there have been around 27,000 government interventions in international trade, UN reports have documented a decline in American and European investments in China, and companies and governments have resisted integrating their supply chains with countries they see..
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China and the EU try to ease growing trade tensions
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Environment
China and the EU are discussing growing trade tensions over subsidies for Chinese electric vehicles. The EU has proposed tariffs of up to 35.3% on imports of Chinese EVs, which must be approved by 15 member states by October 31 for 5 years. The Chinese spokesman and the European Commission want to find a solution that is in line with the WTO. In retaliation, China has launched anti-dumping investigations into EU pork and brandy imports.
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