China-EU trade conflict intensifies…global economic instability rises

Key points in 3 lines

1. As the EU launched an anti-subsidy investigation into Chinese electric vehicles and China hinted at retaliatory measures, trade tensions between the two sides are intensifying.
2. The European Commission said Chinese subsidies distort the European market, while China's Ministry of Commerce hinted at possible retaliatory tariffs on European pork, wine and aircraft.
3. The conflict is likely to spread across green technologies, including solar panels and wind turbines, and although both sides are seeking dialogue, a short-term agreement is expected to be difficult.

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