Has Europe Made a Grave Mistake in Its Trade War with China? What It Means for Europe’s Economy?

Has Europe Made a Grave Mistake in Its Trade War with China? What It Means for Europe’s Economy?
In October 2024, the European Union made a bold move by imposing tariffs on Chinese electric vehicles (EVs), sparking a firm response from China. The EU’s decision, intended to protect its automotive industry, has sent shockwaves through the global economy, with Beijing refusing to compromise. Instead, China has instructed its automakers to suspend expansion plans into Europe, threatening the EU's economic stability and its access to one of its most critical markets.