Market Views: Are China and Europe heading towards a trade war?

Trade tensions between the European Union and China have escalated dramatically following the EU's announcement that it plans to impose significant tariffs on imported Chinese electric vehicles (EVs). The EU claims these tariffs, ranging from 17.4% to 38.1% on top of existing duties, are a necessary response to unfair subsidies provided to Chinese EV makers, which Brussels argues are harming European competitors. China has reacted swiftly, denouncing the EU's move and launching …