EU lays out its China EV tariff calculations

LONDON - The European Commission on Thursday published the findings of its nine-month investigation into China's electric vehicle market, giving insight into how it calculated tariffs and the evidence it collected to support its highest profile trade case.

It will likely form part of the Commission's defence if the Chinese government complains to the World Trade Organization. The report covers similar ground to a longer one the Commission released in April on the Chinese government's interference in its economy and strategic industries that analysts say lays the foundations for future trade cases as Brussels toughens its stance on Beijing.

"It is highly unlikely that the GOC does not have information on the number of BEVs registered in China during a given period," the report said.Chinese financial institutions that lend money to SAIC, BYD and Geely "did not provide any creditworthiness assessment," so the Commission did its own investigation, the report said.

Former President Barack Obama has reportedly told allies that Joe Biden’s disastrous debate performance has made his bid to win back the White House even tougher than it had been previously.The Washington Post reports that Obama gave a harsher private assessment of Biden’s chances of re-election following the debate despite publicly trying to ease concerns by tweeting that “bad debates happen.

If there’s one thing that American voters overwhelmingly agree on, it’s that this year’s presidential election presents a stark choice. In the latest CNN poll by SSRS, 91% of registered voters say they see important differences between President Joe Biden and former President Donald Trump, dwarfing even the 77% of voters who said last fall that there were significant divides between the Democratic and Republican parties.

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