G7 is the best way to get reluctant nations such as Germany on the same boat. Although Germany is angry about China’s EV dumping in Europe, it is nervous about China’s retaliation because it has invested heavily in China. As a member of G7, it is easier to support the alliance’s collective decision.
roliepolieolie 发表评论于 2024-05-23 08:03:00
Kudos to Biden’s approach to unite allies for a unified policy against China’s dumping. Once all G7 adopts the same anti-dumping policy and raise tariffs on China’s glut, Xi Jinping will have no choice but shut down his massive overcapacity that should have been closed long time ago.