China automaker lobby warns of enormous risks and uncertainty from EU tariffs on EVs

August 21, 2024
-Chinese Yuan, FCHFX

August 21, 2024 at 03:43AM

China Automobile Manufacturers Association:

firmly opposes EU Commissions final draft on high tariffs on Chinese
made electric vehicles

hopes EU will adhere
to dialogue and cooperation with China, maintain fair
non-discriminatory market environment

tariff decision
brings enormous risks and uncertainty for Chinese firms’ operations
and investment in EU

China has overcapacity across a range of manufactured goods, EVs just one.

This article was written by Eamonn Sheridan at www.forexlive.com.

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