Chinese industry body tells EU to correct its findings on EVs

BRUSSELS - EU tariffs on electric vehicles built in China breach global trading rules and must be corrected, an industry body representing 12 Chinese automakers told the European Commission in a hearing this week.

"We are very concerned. We urge the Commission to correct these unlawful findings and terminate the investigation ," CCCME vice president Shi Yonghong told a briefing of reporters on Friday. EU members will get a final say on duties at the end of the investigation. In a non-binding vote this week, they exposed divided views on the merits of tariffs.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Low-priced Chinese EVs in Mexico pose severe threat to US auto industry, experts warnThe trade deal that Beijing could potentially exploit — the U.S.-Mexico-Canada Agreement — was negotiated by the Trump administration and enacted in 2020.
Source: KUTV2News - 🏆 281. / 63 Read more »