Reported about 1 year ago
EU has initiated measures to impose high tariffs on mainland electric vehicles, prompting Mainland to hold a dumping hearing for EU-imported brandy following anti-dumping investigations on EU pork. The trade war intensifies as EU imposes temporary tariffs ranging from 17.4% to 37.6% on mainland electric vehicles for four months, potentially extending up to five years if allegations of subsidies are confirmed. Mainland expresses willingness for negotiations while EU aims to combat unfair competition, emphasizing the goal is a solution rather than tariff imposition.
Source: YAHOO