The EU cut itself off from Russian oil and gas. Industrial energy costs are already two to three times higher than its competition, and that’s even before the new shock with energy supply from the Middle-East being cut off. And their move is to deliberately raise the cost and slow down the rollout of Chinese solar, the cheapest and fastest-deploying form of electricity in the market, on the pretext it’s a security threat. You’d think the bigger security threat would be having your industrial base relocate to countries that didn’t voluntarily price themselves out of energy.

Nothing like screwing over Europeans to own the Chinese. I’m sure Xi is devastated.