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but is that now unravelling, and how much damage could it do to the global economy? amid growing hostilities, politicians, they ve been putting up more barriers to trade, in particular when it comes to the technology of the future. in may, the us slapped a range of new tariffs or import taxes on china, hitting products including electric vehicles, their batteries and solar panels. and the european union, it s announced new tariffs of up to 38% on chinese electric cars, which are set to come into force onjuly 4th. now, if talks fail to solve the differences, china, it s reportedly looking at tariffs on europe s farmers, including the pork industry, as well as french cognac and luxury cars. so, why is all of this happening? well, the world s two biggest economies want control of the technology of the future, and in the west, at least, politicians want to protect jobs in the hopes of winning votes. china heavily subsidised all of these products, pushing chinese companies to prod
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