Europe On Guard for Trade War Reboot After Trump Victory | World Business Watch | WIN

As Donald Trump reclaims the white house, Europe is preparing for a potential trade conflict. After imposing tariffs on Chinese Evs, Europe braces for new tariff threats from the returning US President.

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The main reason the United States and Europe have imposed tariffs on China is due to the improper dumping exports by Chinese companies that receive financial support from the Chinese government. These dumping exports are believed to be intended to bankrupt the industries of importing countries and to enable Chinese companies to gain a monopolistic position in the international market.

Companies that receive financial support from the Chinese government appear to be effectively owned by the Chinese government.

According to recent reports, China has been supplying Russia with machine tools, microelectronics, and other technological equipment, which Russia is reportedly using to produce missiles, tanks, aircraft, and other weapons. Additionally, China is said to be supporting North Korea in various ways to help it evade international sanctions. This support is believed to play a crucial role in enabling North Korea and Russia to continue their military activities.

In this context, concerns have been raised that the money earned by Chinese companies could potentially be funneled to North Korea or Russia and used to finance military supplies.