Fitch EU Tariffs on China's EVs Will Not Affect European Market

The European Commission’s provisional tariffs on imports of Chinese electric vehicles in the EU are not expected to materially impact the European market, due to the slow uptake of EVs, Fitch Ratings said on Friday. However, a potential Chinese retaliation would be key to the fortunes of European carmakers, especially of the German auto manufacturers, according to the rating agency.

This week, the Commission “provisionally concluded that the battery electric vehicles BEV value chain in China benefits from unfair subsidization, which is causing a threat of economic injury to EU BEV producers.” Commenting on the tariffs, China’s foreign ministry spokesperson Lin Jian said on Thursday “There are principles that China must defend, that is, the WTO rules and market principles.

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

European companies step up efforts to decouple from ChinaMove comes as Brussels increases scrutiny of goods from world’s largest export economy
Источник: FT - 🏆 113. / 51 Прочитайте больше »