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Filed 1 day, 17 hours ago
Europe and China are clashing over cheap cars and trade
EUROPE, 9 October
By John_Doe
195 words
An electric car driving through a modern European city street.
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Financial Times
European leaders are worried about a flood of low-cost Chinese goods and are looking for ways to push back.
Europe and China are having a very serious argument right now. It is all about trade—specifically, how many Chinese products are arriving in Europe. European leaders are worried that Chinese companies are selling goods, especially electric cars, at prices that are way too low. They call this 'dumping.' When things are priced that cheaply, local European companies struggle to compete and might even go out of business. Because of this, Europe is taking a much tougher stance. An official from the European Union just flew to China to hold last-ditch talks. The goal is to figure out if there is…