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2024-09-14 12:36:10
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cnbc.com_5 on Nostr: Summary of Why the European Union's tariffs on Chinese automakers may not work ...

Summary of Why the European Union's tariffs on Chinese automakers may not work
Why the European Union's tariffs on Chinese automakers may not work


Supporters say EU tariffs on Chinese EVs will offset harm of Chinese subsidies. Critics say they will slow EV adoption and hurt some European carmakers.

https://www.cnbc.com/2024/09/14/why-the-european-unions-tariffs-on-chinese-automakers-may-not-work.html

The European Union is poised to make a final decision on whether to impose tariffs on Chinese electric vehicles, with automakers and countries divided on the issue. The German automotive trade association argues that tariffs would hurt German automakers, while Italian and French automakers have almost no presence in China. China's government support for its domestic manufacturers is cited as a rationale for imposing tariffs.
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