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The European Union’s new tariffs imposed on Chinese electric vehicles (EVs) will not greatly impact imports from China, according to the view of a former general counsel of the Office of the United States Trade Representative (USTR).
China has suggested setting minimum prices for the electric vehicles (EVs) it ships to the European Union, a compromise bid to persuade the bloc to drop plans to impose 17-35.3% tariffs on Chinese EVs.
A new team of 26 leaders has been appointed to the European Commission, reflecting a carefully crafted balance of political ideologies and member states. Each will take on a different portfolio, from democracy to agriculture to innovation.
Beijing has vowed to take all necessary measures to protect the interests of Chinese companies after Canada announced its plan to impose tariffs on electric vehicles (EVs) and steel and aluminum products produced in China.
China has seen an outflow of foreign investment at home and an increase in its own external investment so far this year during its trade war against the United States and Europe.
The European Union is preparing two surveys aimed at checking how China’s growing production capacity of older-generation semiconductors is affecting the bloc.
The United States has imposed tariffs on steel and aluminum products originating from China via Mexico, closing a loophole that had allowed Chinese metal suppliers to evade US tariffs since 2018.
China has launched an anti-dumping investigation into pork imports from the European Union after the bloc decided to impose new tariffs on Chinese electric vehicles.