Europe Fears a Flood of Cheap Goods From China

“China has for years presented an economic challenge for Europe. Now, it could become an economic disaster,” the New York Times reports.

“It produces a vast array of artificially cheap goods — heavily subsidized electric vehicles, consumer electronics, toys, commercial grade steel and more — but much of that trade was destined for the endlessly voracious American marketplace.”

“With many of those goods now facing an extraordinary wall of tariffs thanks to President Trump, fear is rising that more products will be dumped in Europe, weakening local industries in France, Germany, Italy and the rest of the European Union.”