China collaborates with Turkey to evade EU tariffs
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A lot of people are worried that BYD's proposal to build a $1 billion EV plant in Turkey is a way for China to sneak around EU tariffs.But it's not – relocating production to the EU is the whole point of the tariffs. https://t.co/Ov60LT9ATT via @ft
— Michael Pettis (@michaelxpettis) July 9, 2024