Chinese auto body says EU’s proposed 36pc tariffs bring ‘enormous risks’, warns of 'adverse impact' on EV industry

📆 21/08/2024 11:15:00
📰 malaymail

⏱ Reading Time:
22 sec. here
5 min. at publisher
📊 Quality Score:
News: 22%
Publisher: 86%

China Association Of Automobile Manufacturers News

EU Tariff On China Evs,China Electric Vehicle Manufacturers,Electric Vehicles Evs

HONG KONG, Aug 21 — The China Association of Automobile Manufacturers (CAAM) said it firmly opposes a revised draft from the European Union on punitive tariffs for Chinese made...

MACC busts ring enabling foreigners to enter Malaysia without inspection, 12 nabbed include enforcement officers stationed at KLIA’s Terminal 2; RM4m inflow recorded from 2022 to 2024

The decision on the tariffs brings “enormous risks and uncertainty” for China’s operations and investment in the EU, the association said, according to the CCTV report. The Commission, which sets EU trade policy, said it still believed Chinese EV production has benefited from extensive subsidies and proposed duties of up to 36.3 per cent on auto companies. In July it set a maximum initial planned duty of 37.6 per cent.

Write Comment

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Ireland Ireland Latest News, Ireland Ireland Headlines

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

Chinese auto body says EU’s proposed 36pc tariffs bring ‘enormous risks’, warns of 'adverse impact' on EV industryHONG KONG, Aug 21 — The China Association of Automobile Manufacturers (CAAM) said it firmly opposes a revised draft from the European Union on punitive tariffs for Chinese made...
Source: malaymail - 🏆 1. / 86 Read more »