India will testify before the US Trade Representative on May 8, pushing back against US allegations of excess manufacturing capacity. Trade officials and industry representatives will address claims tied to petrochemicals, steel, and solar modules. India argues that trade surpluses are driven by broader macroeconomic factors, not unfair overcapacity. The hearing forms part of a wider US review of trade practices.
China’s EV and car market is stuck in a deeper price war, with BYD and rivals expanding discounts despite government calls to slow them. The fight is fueled by overcapacity: factories are producing far more vehicles than the domestic market can absorb. That squeeze is now spreading through the ecosystem, dragging down used car values and pushing automakers to chase growth abroad.
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