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.

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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.
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