The European Commission is this week expected to disclose the tariffs it plans to impose on Chinese electric vehicles due to what it says are excessive subsidies, a move likely to prompt stern words and possible retaliation from Beijing.
German automakers in particular are heavily dependent on sales in China - and thus fear retribution from Beijing - and European auto firms also import their own Chinese-made vehicles. China has rebuked the EU over the anti-subsidy investigation, urged cooperation and lobbied individual EU countries, but not fully spelt out what its response to tariffs would be.
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Source: IrishTimes - 🏆 3. / 98 Read more »