Investing
China autos group ‘strongly dissatisfied’ with EU anti-subsidy tariffs By Reuters
SHENZHEN, China (Reuters) – The China Association of Automobile Manufacturers (CAAM) is “strongly dissatisfied” with anti-subsidy tariffs proposed by the European Union, the industry group said in a statement on Saturday.
Manufacturers had cooperated with the European Commission’s investigation into Chinese subsidies, but the inquiry had ignored the facts and preselected results, CAAM said in a post on the Chinese messaging app WeChat.
The EU imposed tariffs of up to 37.6% on imports of electric vehicles made in China from Friday, with a four-month window during which the tariffs are provisional with intensive talks expected between the two sides.
“CAAM deeply regrets this and holds it firmly unacceptable,” it said.
The provisional duties of between 17.4% and 37.6% without backdating are designed to prevent what European Commission President Ursula von der Leyen said is a threatened flood of cheap Chinese electric vehicles built with state subsidies.
The EU anti-subsidy investigation has nearly four months to run.
Read the full article here
-
Side Hustles6 days ago
3 Ways Data Can Drive Sustainable Decision-Making in Business
-
Passive Income6 days ago
5 Things Entrepreneurs Should Know Before Investing in Drones
-
Side Hustles6 days ago
NHTSA Investigates Tesla Full Self-Driving Feature
-
Investing6 days ago
Taiwan Semi to generate $110 billion in 2025 revenue: Needham By Investing.com
-
Investing6 days ago
Teen Brothers’ $1.2M Business Began as Facebook Side Hustle
-
Personal Finance6 days ago
A growing share of Gen Z adults don't think they'll retire: only 20% are saving for it
-
Passive Income5 days ago
This 2TB Data Storage Offer Is a Can’t-Miss at $89.97
-
Make Money6 days ago
American Workers Share Insights on Starting Salaries and Retirement