China Retaliates with Probe into EU Trade Barriers
Investigation follows EU's scrutiny of Chinese subsidies in key sectors, escalating trade tensions
- China's Ministry of Commerce launched a probe into EU's trade practices affecting Chinese firms.
- The investigation covers sectors like wind power, photovoltaics, and security equipment.
- EU's foreign subsidies regulation has targeted Chinese companies in multiple industries.
- China's probe is seen as a response to EU's recent tariffs on Chinese electric vehicles.
- The investigation could extend to April 2025 if necessary.