Reported about 2 months ago
The China Association of Automobile Manufacturers (CAAM) condemned the European Union's revised draft on punitive tariffs for Chinese electric vehicles, stating it introduces 'enormous risks and uncertainty' for China's investments in the EU. The EU's proposed tariffs, up to 36.3%, are seen as detrimental to Chinese companies operating in Europe and could hinder the EU's automotive industry and sustainable development efforts.
Source: YAHOO