The move by Europe and the US to impose higher tariffs on Chinese electric vehicles (EVs) has been labelled no more than “a temporary setback” by an executive of a Chinese EV maker. Neta Auto vice-president Zhou Jiang also said that the tariffs were instead pushing Chinese companies to search for alternative markets, including Africa. […]
(Bloomberg) — Most Read from Bloomberg The European Union marginally revised its proposed tariffs on electric vehicles imported from China after receiving more information from the affected companies, according to a person familiar with the matter who spoke on the condition of anonymity. The new provisional rates — which will come on top of the […]
(Bloomberg) — The European Union marginally revised its proposed tariffs on electric vehicles imported from China after receiving more information from the affected companies, according to a person familiar with the matter who spoke on the condition of anonymity. Most Read from Bloomberg The new provisional rates — which will come on top of the […]
German Chancellor Olaf Scholz has called for movement from China in the dispute over potential European Union tariffs on Chinese electric vehicles. Scholz welcomed the European Commission’s offer of negotiations with China, but warned there is little time left before the threatened punitive tariffs could begin taking effect on July 4. “It is clear that […]
By David Lawder and David Shepardson WASHINGTON (Reuters) – A wide swath of pro-trade American business groups has asked the Biden administration for another month to comment on plans to impose steeper tariffs on Chinese imports of electric vehicles, batteries, solar products and other goods, effectively delaying the Aug. 1 start date for many of […]
China has various trade tools that could be used as countermeasures to hit the European Union’s automobile, agriculture and luxury sectors in response to the bloc’s tariff hike, but it could also be wary of consequences on bilateral ties, according to analysts. The EU announced on Wednesday that it will raise tariffs on Chinese EVs […]
By Nick Carey LONDON (Reuters) – The European Commission’s decision to slap tariffs on imported Chinese EVs could have far-reaching effects for European automakers, as a possible trade war would hurt not only their business in China but also their own imports of Chinese-made cars. Germany’s automakers in particular have a lot to lose in […]
China has threatened to take the European Union to the World Trade Organization (WTO) over the high punitive tariffs it is considering on Chinese electric vehicles. “China reserves the right to file a complaint with the World Trade Organization and will take all necessary measures to firmly defend the legitimate rights and interests of Chinese […]
MILAN (Reuters) – Some of Europe’s biggest carmakers fell further on Thursday on concerns over how China will respond to new tariffs the European Commission slapped on imported Chinese electric cars in a bid to combat what they say is excessive subsidies from Beijing. By 0847 GMT, Europe’s auto index fell 2.2% to its lowest […]
By Nick Carey LONDON (Reuters) – The European Commission’s decision to slap tariffs on imported Chinese EVs could have far-reaching effects for European automakers, as a possible trade war would hurt not only their business in China but also their own imports of Chinese-made cars. Germany’s automakers in particular have a lot to lose in […]
(Reuters) – The U.S. International Trade Commission (ITC) voted on Friday to proceed with an investigation into whether solar panels from Southeast Asia are stifling domestic manufacturing, a step that could result in tariffs on the majority of panel imports. The four-member panel voted unanimously to pursue the probe into imports from Malaysia, Thailand, Cambodia […]
HONG KONG (Reuters) -China will reinstate tariffs on 134 items it imports from Taiwan next month after the Ministry of Finance said it would suspend concessions given on the items under a trade deal because Taiwan had not reciprocated. The Cross-Strait Economic Cooperation Framework Agreement (ECFA) between China and Taiwan was initially signed in 2010. […]