China’s factory exports are powering ahead faster than almost anyone expected, putting jobs around the world in jeopardy and setting off a backlash that is gaining momentum.
From steel and cars to consumer electronics and solar panels, Chinese factories are finding more overseas buyers for goods.
But other countries are increasingly concerned that China’s rise is coming partly at their expense, and are starting to take action.
The European Union announced last week that it was preparing to charge tariffs, which are import taxes, on all electric cars arriving from China.
The European Union said that it had found “substantial evidence” that Chinese government agencies have been illegally subsidizing these exports, something China denies.
Organizations:
European Union, Union
Locations:
China