China is facing economic difficulties, subsequently leading to an overproduction of goods. In response, the Chinese Communist Party (CCP) has been dumping large quantities of low-priced goods onto the global market. Among these, new energy vehicles are raising concerns worldwide. The US has warned the CCP that it will take action if it continues to dump the remains of goods overseas. Recently, Japan and South Korea have joined the US and Europe in anti-dumping measures. The ongoing trade war between China and the US could escalate further, potentially isolating China economically.
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EV Prices Plummet, China Dumps Excess Production Globally; US, Japan, Korea Escalate Responses
