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- The Judean Staff
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In a striking development that underscores the volatility of global trade, Israel is bracing for an unprecedented influx of over 50,000 new cars, most of them Chinese-made, by the end of the year. This surge is primarily driven by an impending increase in purchase tax on electric vehicles slated for early 2025, but it also reflects broader geopolitical tensions, with a burgeoning trade war aimed at curbing the dominance of Chinese exports playing a pivotal role.
Read more: Israel Braces for China To Dump 50,000 Cars As "China Bans" Heat Up