China’s recent actions signal a retaliatory stance in response to trade disputes with the US and Europe. The anti-dumping probe into imports of polyoxymethylene copolymer from the US, EU, Taiwan, and Japan, used notably in electronics and cars, is part of this response.
In the backdrop of escalating tensions, the US increased tariffs on Chinese goods, including items like electric vehicles, solar panels, and computer chips. China criticized these moves, citing their detrimental effect on bilateral cooperation and accusing the US of politicizing economic matters. Additionally, China sanctioned three American defense firms over their arms sales to Taiwan.
Simultaneously, Europe has been launching its own investigations into Chinese imports, such as tinplate steel and solar panels, citing concerns about subsidies benefiting Chinese manufacturers. The European Commission has set a deadline to decide on potential measures against Chinese-made electric vehicles by July 4th.
Overall, these developments underscore the complex and contentious nature of global trade relations, particularly between major economic powers like China, the US, and the EU.
