Hundreds of new Dolphin cars from the Chinese car manufacturer BYD are parked in the port in Bremerhaven. Lars Penning/dpa China’s Ministry of Commerce has sharply criticized the European Union’s threat of punitive tariffs on electric cars from the People’s Republic and has hinted at countermeasures. Beijing will closely monitor the European side’s further process […]
The European Union has hiked tariffs on electric cars imported from China, drawing a rebuke from Beijing, which sees the bloc as a vital and growing market for its auto industry. The new tariffs of between 17.4% and 38.1% will come on top of the existing EU tariff of 10%, according to a statement from […]
The European Union announced big tariff hikes on Chinese-made battery electric vehicles, including China EV makers such as BYD (BYDDF), but also foreign automakers such as Tesla (TSLA). X The European Union provisionally will impose additional tariffs of up to 38.1% on Chinese EVs starting in July. That’s on top of the current 10% duties. […]
By Philip Blenkinsop BRUSSELS (Reuters) -The European Commission told automakers on Wednesday it would impose extra duties of up to 38.1% on imported Chinese electric cars from July, in a move that China called protectionist but its car industry dismissed as one without a major impact. Less than a month after Washington quadrupled dutiesquadrupled duties […]
Chinese electric cars may become pricier in the European Union (EU) after politicians called them a threat to its own industry. It has “provisionally concluded” that Chinese electric vehicle (EV) manufacturers will face tariffs from 4 July “should discussions with Chinese authorities not lead to an effective solution”. The EU announcement comes off the back […]
BRUSSELS (AP) — The European Union moved Wednesday 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 […]
The EU has imposed tariffs of up to 38.1% on Chinese EVs. Joe Biden also launched a crackdown on Chinese EVs last month, hitting them with a 100% tax. Trade barriers come amid fears a wave of cheap Chinese brands could take over Western markets. The EU is cracking down on China’s EV companies. The […]
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 carmakers. The European Commission, the EU’s executive arm, said it would impose provisional tariffs that would result in Chinese carmakers facing additional duties of as much as […]
Brussels is expected to announce new measures on Wednesday following an eight-month investigation into how Chinese EV makers benefit from state support – AFP/Getty Images The European Union is poised to hit cheap Chinese electric vehicles (EVs) with extra import tariffs of 25pc, raising the prospect of a trade war with Beijing. Brussels is gearing […]
By Giulio Piovaccari MILAN (Reuters) – European governments may be wary of budget Chinese electric vehicles flooding their markets but they’re also fiercely competing for a share of the manufacturing investment and jobs the new competitors bring. While the European Union investigates China’s auto subsidies and considers tariffs on imports, national governments across the bloc […]
By Giulio Piovaccari MILAN (Reuters) – European governments may be wary of budget Chinese electric vehicles flooding their markets but they’re also fiercely competing for a share of the manufacturing investment and jobs the new competitors bring. While the European Union investigates China’s auto subsidies and considers tariffs on imports, national governments across the bloc […]
(Bloomberg) — Last fall, Hershey Co. repurchased a factory outside Ottawa that it closed more than a decade earlier. Blommer Chocolate Co., a US rival, is expanding in Ontario while it shutters an 85-year-old Chicago plant. Oreo-maker Mondelez International Inc. says it has invested $250 million in Ontario manufacturing facilities just in the last few […]