Carl Bildt, former prime minister of Sweden and co-chair of the European Council on Foreign Relations, shares his perspective on European politics from Vienna, Austria

Is there a risk of a full-scale trade war between the European Union and China?

Hopefully not. But it was a decision, somewhat controversial, the other day by the EU to impose tariffs, not too high but still substantial, on electric vehicles coming from China. The US, of course, has done something similar but much higher tariffs and without much of a theoretical justification. I mean, the EU tried to ground its different decisions in analysis of the subsidies generated or given to the different Chinese car manufacturers. China will retaliate in one way or the other. But talks are going on and there's no interest in a trade war either from the EU side or from the Chinese side. And we should not forget, by the way, that for the moment, there are 100 times more cars sold by European companies in China than Chinese vehicles or cars exported to Europe.