Reported 7 months ago
The EU announced temporary anti-subsidy tariffs on Chinese-made pure electric cars starting from July 4, with rates ranging from 17.4% to 48.1% depending on factors like cooperation in investigations. This move, seen as potentially impacting the relationship between the two regions, aims to protect EU manufacturers but may not deter Chinese automakers from exporting to Europe as they can potentially absorb the additional costs. The decision has triggered concerns and opposition, with China's Ministry of Commerce expressing strong dissatisfaction and urging the EU to correct its actions, stating that this move harms China's electric car industry. The increased tariffs could lead to potential retaliatory measures, with the situation generating uncertainties for both Chinese and EU automakers alike.
Source: YAHOO