Sean Foo: EU in Panic as China Gets Ready for Economic Punishments

In a move that has the potential to escalate international tensions, China is reportedly considering economic retaliation against the European Union, including major economies like Spain, France, and Germany. This development comes in the wake of the EU’s decision to impose trade tariffs on Chinese steel and solar panel exports, a move that Beijing has perceived as unfair and protectionist. Germany, in particular, is said to be anxious about the potential consequences of this looming trade war. As the world’s third-largest exporter of cars, Germany has a significant stake in the Chinese market. Any retaliation from China could have a…