Reported 7 months ago
The European Union is planning to increase tariffs on Chinese electric vehicles to as much as 38% from the current 10%, in response to concerns over Beijing's subsidies for exports that are affecting EU automakers. The EU is urging Chinese authorities to discuss the investigation findings and find a resolution, with new rates possibly taking effect by July 4 if no agreement is reached. The dispute reflects broader trade tensions over China's state support for green technology exports, impacting companies like BYD, SAIC, and Geely.
Source: YAHOO