After a tight vote in favor of keeping in place countervailing duties on electric vehicles (EVs) imported from China on October 4, the European Commission is now in negotiations with China to see if a compromise can be reached over the amount of its EVs which may enter the European single market, and under what conditions. The negotiations are not going well, and China has been baring its teeth with retaliatory tariffs on European liquor imports, and potentially further tariffs on high cyli
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Walmart should be in trouble in China, where its competitors are in retreat and its sourcing operations have been criticised by both Beijing and Washington. But the American retailer seems to have found a way forward in a difficult sector and remains one of the biggest benefactors of China-U.S. trade.
The Commerce Department wants to expand export controls to majority-owned subsidiaries of Chinese companies. That could trigger cascading effects — and challenges.
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