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The EU invented new import tariffs - up to 38% on Chinese electric vehicles triggering a potential trade war with China. With Chinese car makers having plenty of surplus capacity and moving into international markets, the EU lawmakers fear their own companies will be unable to compete. They claim hefty subsidies for domestic production allow Chinese firms to keep prices at a level other firms will struggle to match.

Also, in the programme, Will Bain talks about Ukrainian reconstruction conference in Berlin.

(Picture: Nio's Onvo L60 SUV in Shanghai. Picture credit: Reuters)