Reported 8 months ago
Starting July 4, the EU will impose tariffs on Chinese electric cars, prompting China to urge Germany to persuade the EU to cancel the plan. China proposes reducing tariffs on large-displacement imported cars as a condition for the EU to cancel tariffs on Chinese electric cars, potentially benefiting German car manufacturers. Meanwhile, Canada also plans to impose tariffs on Chinese electric cars and batteries to curb cheap Chinese products entering the market. The escalating trade tensions include the US and EU raising tariffs on Chinese electric cars, prompting retaliatory measures from China, such as launching anti-dumping investigations on imported European pork.
Source: YAHOO