See Local News
Get Balanced News From Your U.S. State.
See Local News
See all locals

Europe Readies Tariffs on Flood of Cheap Chinese EVs

Posted on AllSides June 7th, 2024
From The Left

Help is on the way for European carmakers struggling to deal with an influx of cheap Chinese electric vehicles. The European Commission is preparing to impose tariffs on EVs imported from China after an investigation into subsidies that Beijing doles out to its car industry. The duties are expected to hurt companies including BYD Co., SAIC Motor Corp. and Geely, but also risk affecting Western manufacturers that ship cars made at their Chinese factories to Europe — for example Tesla Inc. and BMW AG. While the levies may help Europe’s...

Read full story
Some content from this outlet may be limited or behind a paywall.

AllSides Picks

https://bloomberg.com/news/articles/2024-06-07/europe-readies-tariffs-on-flood-of-cheap-chinese-evs

More News about General News from the Left, Center and Right

From the Left

From the Center

From the Right