Heavily subsidized Chinese products such as electric vehicles and steel are flooding Europe, and said the world cannot absorb China’s surplus production.

The EU is becoming tougher on trade relations with China, echoing US concerns about state-fueled overcapacity in green industry. The rhetorical shift was already put into practice when the EU launched an investigation into subsidies for Chinese EVs in the fall of 2023 that could see new tariffs introduced by July. It’s also scrutinizing other industries like wind energy, solar and railways.

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