Protectionism or fair trade?
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Protectionism disguised as "fair trade". That's how China calls the European Commission's decision on Oct. 30 to impose additional tariffs as high as 35.3% against Chinese-made EVs. The China Chamber of Commerce to the EU also expressed profound disappointment in the decision, viewing it as arbitrary, while German carmakers have called it "a step backwards for free global trade and thus for prosperity, job preservation and growth in Europe". Will this help save the European car industry? How will China respond? How will it impact bilateral trade and relations?
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