Reported 8 months ago
According to Chinese state media reports, Chinese car manufacturers are urging the Chinese government to impose retaliatory measures on European imported gasoline cars in response to the EU's plans to impose anti-subsidy tariffs on Chinese electric cars. Chinese automakers, along with European automakers, opposed the EU's actions in a closed-door meeting, with Chinese manufacturers even suggesting imposing higher temporary tariffs on large-displacement gasoline cars imported from Europe. This move is seen as pressuring European car companies to stop the EU's proposed tariffs on Chinese electric cars. The escalating trade tensions include China's retaliatory measures like investigating anti-subsidy measures on European pork products, as the impact on European agricultural products is limited but could significantly affect European car manufacturers who heavily rely on the Chinese market.
Source: YAHOO