Europe's response to Chinese competition remains slow, as it tries to strengthen defenses

Europe's response to Chinese competition remains slow, as it tries to strengthen defenses
Starting on July 1, the European Union will impose new taxes on small parcels and raise tariffs on steel imports. This is yet another example of the measures the 27 member states have taken to try to slow down China's relentless advance – efforts that take time, all while China continues to quickly gain market share.