China Just ATTACKED Europe, and Things Are About to Get VERY REAL!

Thanks for watching Matter! 🔔 Hit the bell next to Subscribe so you never miss a video! ❤️ Like, Comment and Subscribe if you are new to the channel! China Just ATTACKED Europe, and Things Are About to Get VERY REAL! China has made a bold move by challenging the European Union at the World Trade Organization after the EU imposed heavy tariffs on Chinese electric vehicles. These tariffs, which can reach up to 37.6%, are intended to shield European carmakers from cheaper Chinese imports, which the EU claims benefit unfairly from government subsidies. How will Europe handle the pressure from China’s latest move? Join us as we dive deep into this emerging storm, which may serve as a beginning to the next big tech war. The tension between China and the European Union revolves around tariffs on electric vehicles. It’s a complex situation involving various numbers, policies, and international disputes. On August 9, 2024, China formally objected to these tariffs at the World Trade Organization, opposing the EU’s temporary measures that range from 17.4% to 37.6%. The European Commission argues that these tariffs are necessary to protect EU businesses from what it sees as unfair competition. They claim that subsidies from the Chinese government allow their companies to offer lower prices, which puts European manufacturers at a disadvantage.