China hopes to reach a solution with the EU on EV tariffs 'as soon as possible'
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 04 2024
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Source: CNBC
- China-EU Tariff Negotiations: China aims to reach an agreement with the EU on tariffs for imported Chinese electric cars soon to avoid additional duties.
- EU's Planned Tariffs: The European Commission warned of imposing extra duties on Chinese EVs if discussions fail, with definitive measures taking effect in four months.
- Chinese Response: China urges the EU to show sincerity, speed up consultations, and find a mutually acceptable solution based on rules and reality.
- Background on Investigation: The EU initiated an anti-subsidy probe into China's electric vehicle production last year, focusing on subsidies' role.
- Industry Growth: China's new energy vehicle industry has expanded rapidly, with significant government investment, leading to exports to Europe and other regions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
