The EU To Announce Tariffs On Chinese Evs Soon

6/14/2024 2:17:26 PM

(MENAFN- Investor Brand Network) The European Union (EU) is poised to
impose tariffs on electric cars manufactured in China
to protect European carmakers from cheap Chinese imports. Experts expect EU leaders to inform China that it will levy taxes on battery electric cars imported from the East Asian nation sometime this week, a move that could potentially start a trade war between the regional bloc and China.

Many experts believe that once the EU launches the first shot, China will push back with retaliatory measures that affect European exports ranging from cognac to...

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