Trade Wars: The Chinese Empire Strikes Back

Here Come The Trade Wars: Europe Imposes Duties On China

The European Union is set to announce anti-dumping levies on Chinese solar panels, an official said Tuesday, in a move that could trigger a trade war between two of the world’s largest economies.

Trade war: Barroso disgraced Merkel as EU agrees sanctions on China

Article Continues Below

Trade Wars: The Chinese Empire Strikes Back

“We reported yesterday that Europe, in a surprising escalation of global trade wars, announced it would impose solar-panel duties against China in one week, with the terms rapidly deteriorating over the next three months. It took China less than one day to retaliate. What’s worse the retaliation is aimed at Europe’s already weakest – the PIIGS – by targeting not hard German machinery exports but something far more prosaic: French, Spanish and Italian wine.”


Follow IWB on Facebook and Twitter