In the News
Trade and Competitiveness - EU Launches Probe into Chinese Electric Car Subsidies
14th September 2023
Is a new trade war in the offing? “Global markets are now flooded with cheaper Chinese electric cars, and their price is kept artificially low by huge state subsidies. This is distorting our market,” European Commission President Ursula von der Leyen told EU lawmakers on Wednesday.
The last trade war centred on solar panels. Now e-vehicles are in the spotlight. This will be an excellent applied topic to follow for Year 13 students as they cover comparative advantage, globalisation and trade protectionism.
- Economics
- Blog
- In the News
- Import Protectionism
- Creeping Protectionism
- Infant Industry
- China
- Subsidy
Geoff Riley
Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.
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