Reported 7 months ago
The European Commission has informed car manufacturers that tariffs on imported electric cars from China will increase from 10% to a maximum of 48.1% to counter the dumping of surplus electric cars in Europe due to Chinese subsidy policies. Reactions from the European auto industry vary, with strong opposition from Germany, which heavily relies on the Chinese market. The Chinese automotive association criticizes the move, while some European entities support it to protect fair competition and the industry's future. Various stakeholders express concerns and positions, ranging from advocating for free and fair trade to highlighting the need for competitive measures for a level playing field.
Source: YAHOO