Cars? Pork? Perfume? China has many options if a trade war breaks out with Europe

BEIJING (AP) — Now that Europe has announced tariffs on China-made electric cars, the continent is bracing to see if the other shoe drops. Will China retaliate with tariffs on European cars, taking aim at German makers such as BMW and Mercedes? Would it put tariffs on agricultural products, targeting Europe’s politically influential farmers? Or luxury goods from Italy and France? Analysts warn that an escalating trade war could break out, raising prices for consumers and hurting exporters and their workers on both sides. Both are major markets for each other — China, a rising economy of more than 1-billion…