LOL on “will abandon the Chinese market”. What a triumphant way of saying “will be defeated in the Chinese market”.
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New Energy Vehicles (NEVs) in China
- Thread starter supercat
- Start date
Confusing. So tariffs are on the menu after all
EU has enough support to impose Chinese EV tariffs, sources say
BRUSSELS, Oct 2 (Reuters) - France, Greece, Italy and Poland will vote on Friday in favour of tariffs of up to 45% on imports of electric vehicles (EVs) made in China, sources said, enough to push through the European Union's highest profile trade measures, risking potential retaliation from Beijing.
The European Commission, which is conducting an anti-subsidy investigation into EVs made in China, has put its proposal for to the EU's 27 member states for a vote expected on Friday.
The support is a significant boost for Brussels as it pursues one of its largest trade cases ever. It remains unclear how the region's top economy and major car producer, Germany, will vote.
France, Greece, Italy and Poland will vote in favour, officials and sources in those countries told Reuters. Together, they represent 39% of the EU population.