US + allies warn China against export dumping

The US has warned China against dumping goods on global export markets, indicating that Washington and its allies will respond if China pursues dumping as a quick fix for industrial overcapacity, the Financial Times reports, citing US officials. US policymakers are mostly concerned about the dumping of EVs, solar panels, lithium-ion batteries, and other clean energy products, the FT said. The EU has also been putting Chinese exports under increased scrutiny, undertaking an investigation last year into state subsidies for China’s EV sector that threaten to “price out” their European rivals. For its part, China has countered with its own investigation into European trade, while pointing out US protectionism for their domestic EV industry, the FT also said.