google-site-verification: googlec7193c3de77668c9.html

European Union sets out tariffs to tackle Chinese EV ‘threat’

Chinese electric cars may become pricier in the European Union (EU) after politicians called them a threat to its own electric car industry.

It has “provisionally concluded” that three Chinese electric vehicle (EV) manufacturers will face tariffs from 4 July “should discussions with Chinese authorities not lead to an effective solution”.

The decision comes off the back of an ongoing investigation into what the EU believes is China’s “unfair subsidisation” of its EV industry.

It launched the probe last September after raising concerns about cheap Chinese electric cars flooding the European market.


Source link

Views: 1

See also  Inflation surprisingly continues to fall but expect an April rebound due to across-the-board bill hikes | Money News

Check Also

Top chef on £6.50 supermarket steak you should get in next shop – and why toxic kitchen behaviour hasn’t really stopped | Money News

Each month our Money blog team interviews chefs from around the UK, hearing about their …

Rival bid to take over easyJet beats previous offer | Money News

A rival bid for budget airline easyJet has been accepted by the company, beating a …

EasyJet agrees in principle to rival £5.7bn takeover bid from US company

No-frills airline EasyJet says it has agreed in principle to a £5.7bn takeover proposal from …

Leave a Reply

Available for Amazon Prime