Despite surging shipping costs, China's tyre exports have demonstrated robust performance in May, climbing 4.8% year-on-year to 56.38 million units, valued at 13.05 billion yuan (about £1.42 billion or €1.68 billion) — a modest 2.1% increase. This growth, though less than recent years, underscores Chinese exporters' resilience amid global supply chain disruptions, especially in ocean…

The European Union has announced plans to impose tariffs of up to 38% on Chinese electric vehicle imports, potentially amounting to over €2 billion annually. This decision follows a thorough nine-month investigation into alleged unfair subsidies benefiting Chinese electric vehicle manufacturers, including prominent brands such as BYD, Geely, and SAIC. The EU's anti-subsidy investigation…