Get ready to tighten your belts Europe.
The EU will be forced to follow biden's tariffs against China whether it likes it or not, otherwise Europe will alone face the concentrated trade shock from China.
Quoting:
It will become the primary dumping ground for China's exorbitant overproduction of industrial goods, with a flood cars, batteries, and cleantech components together posing an existential threat to the European social market model.
Britain, too, will have to follow suit or become the market of last resort for over-indebted Chinese companies desperately seeking a foreign outlet for excess goods that they cannot sell into their own depressed economy, a fate that would annihilate the UK's manufacturing base within a decade. We are beyond the point of theoretical discussions about the merits of free trade.