I'm at a loss of what the protectionist dimwits at the EU HQ in Brussels are planning to do. If they plan to close the market to Chinese imports by prohibitively high tariffs and then spend tens of billions subsidising inferior products for an essentially captive market, then I don't see how that would improve their lack of competitiveness (which is the root cause here).
Moreover, many German firms in particular are very dependent on the Chinese market. So that alone makes me question whether this probe will go anywhere. I still think the odds are long of anything happening, but on the off chance that it does, it would essentially seal the doom of Europe's automotive industry. They need more competition, not less.
