Manufacturing competition is hurting Europe and the UK, and America could be next
This week Ursula von der Leyen announced that the European Commission, of which she is President, would be launching an anti-subsidies probe into the market for Chinese electric vehicles (EVs). This announcement comes off the back of data showing that Chinese EVs are starting to dominate the European market, with reports as early as last autumn showing that these cars were outcompeting domestically produced equivalents.
