EU Adjusts Tariffs on Chinese Electric Vehicles as China Threatens Retaliation from icici bank video Watch Video
Preview(s): Play Video: (Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)
Your browser does not support playing the video.Please download the video!
⏲ Duration: 0:46 👁 View: 5.6M times ✓ Published: 28-Jun-2024
Description: The EU has marginally revised the proposed tariffs on electric vehicles imported from China after receiving more information from affected companies. The tariffs are aimed at countering subsidies that China and its state banks have provided to EV manufacturers. Provisional tariffs will take effect July 4th, with definitive duties by November. Tesla may receive an individually calculated duty rate at the definitive stage after requesting to be sampled. China has threatened retaliation and launched an anti-dumping probe on EU pork imports. Findings on EU spirits probes are also due soon. Beijing has warned it could target EU agricultural goods, aviation, and large-engine cars.