The European Union threatens to hike tariffs on Chinese electric car imports, escalating trade spat
A live TV news station covering breaking news and traffic for Colorado Springs, Pueblo, and Southern Colorado with a strong investigative team The European Union has threatened to increase tariffs on Chinese electric vehicles, escalating a trade dispute over Beijing's subsidies for the exports. The EU's executive arm, the European Commission, plans to impose provisional tariffs that would result in additional duties of up to 38%, up from the current level of 10%. The Commission has reached out to Chinese authorities to discuss the findings of its investigation into the subsidies. If no solution is found, the new tariffs would take effect on a provisional basis by July 4.
Publicerad : 10 månader sedan förbi i Auto
BRUSSELS (AP) — The European Union has threatened to hike tariffs on Chinese electric vehicles, escalating a trade dispute over Beijing’s subsidies for the exports that Brussels worries is hurting domestic automakers. The European Commission, the EU’s executive arm, said it would impose provisional tariffs that would result in Chinese automakers facing additional duties of as much as 38%, up from the current level of 10%. The Commission said it has reached out to Chinese authorities to discuss the findings of its investigation into the subsidies and “explore possible ways to resolve the issues.” Should the discussions not lead to an “effective solution,” the new rates would take effect on a provisional basis by July 4.
Ämnen: Green Energy, Electric Vehicles