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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 427.64-3.9%4:00 PM EST
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To: Julius Wong who wrote (206534)7/6/2024 11:08:14 AM
From: Pogeu Mahone  Read Replies (1) of 219960
 
Thanks Julius

Following the introduction of low-cost electric vehicles made in China, the European Union is now considering imposing tariffs on Chinese imports. A similar move on wind turbines could escalate project costs and slow the transition to green energy.

A piece published in the Global Times argues that the EU’s moves are akin to trade protectionism and in response to the stiff competition faced by the European wind industry by Chinese manufacturers around the globe.

Opposing Chinese imports could harm the EU’s larger plans to switch to renewable energy or increase the cost borne by the end customer. Instead, cooperation will help the two regions.

All eyes are now set on how Germany and the rest of the EU move ahead.

interestingengineering.com
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