WINGTECH(SH:600745) Sou Hu Cai Jing·2025-12-25 15:29Group 1 - The European Union (EU) has initiated investigations and imposed tariffs on Chinese electric vehicles, citing excessive subsidies and low-price dumping that harm local industries, with tariffs reaching up to 35% [2] - Major Chinese automotive companies like BYD and SAIC have seen a significant decline in exports to Europe due to these tariffs [2] - The EU's actions have disrupted supply chains, particularly affecting German companies that rely on Chinese components, despite some member states like France and Italy pushing for these tariffs [2][6] Group 2 - China has retaliated by investigating EU agricultural products, specifically targeting dairy products from France, the Netherlands, and Italy, with preliminary duties ranging from 21.9% to 42.7% [2][4] - The tariffs on EU dairy products are expected to result in significant losses for French and Dutch exporters, with annual exports to China valued in the hundreds of millions of euros [4][11] - The Netherlands faces additional complications due to the semiconductor company Nexperia, which has been restricted by the Dutch government, leading to supply shortages for Chinese and international automotive companies [4][9] Group 3 - The EU is struggling to present a unified front in response to China's actions, with member states having differing priorities and interests, particularly in the agricultural sector [6][8] - France is particularly affected by the tariffs on dairy products, prompting calls for a coordinated response among EU member states, but achieving consensus has proven difficult [8][11] - The ongoing trade disputes are causing economic strain on both sides, with the EU's agricultural exports declining and Chinese consumers increasingly turning to domestic products [11]