While intended to bolster domestic industries and foster sustainable growth, the efficacy of stringent duties in dissuading Chinese exporters remains uncertain
International trade is a complex affair, and the move from laissez-faire economics towards protectionist trade policies is becoming more pronounced, with mounting implications for automotive logistics. The US recently fired a major salvo in its ongoing trade war with China, unveiling a sweeping plan to sharply increase import duties on a range of strategic goods from the Asian giant. At the heart of the move is a more than 100% tariff hike on EVs. Now Europe looks set to follow…
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