On Wednesday, China retaliated by saying that it had broadened its investigations into imported EU products by adding an anti-subsidy probe of several cheese cheese, cream goods and milk to anti-dumping checks on pork and brandy, the newswire reported.
23 Aug 2024 | 2604 Views | By Autocar Pro News Desk
China's commerce ministry engaged with automakers and industry bodies on Friday to deliberate on increasing import tariffs on large engined gasoline vehicles. This comes against the backdrop of the European Union nearing a decision on tariffs on Chinese electric cars, Reuters reported.
The European Union is slated to vote ...
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China's commerce ministry engaged with automakers and industry bodies on Friday to deliberate on increasing import tariffs on large engined gasoline vehicles. This comes against the backdrop of the European Union nearing a decision on tariffs on Chinese electric cars, Reuters reported.
The European Union is slated to vote in October on adopting additional duties of up to 36.3% on electric vehicles made in China. This is on top of the standard 10% import tariff, the newswire reported.
EU on Tuesday revised down its proposed duties from the 37.6% rate set in July, but did not abandon them.
On Wednesday, China retaliated by saying that it had broadened its investigations into imported EU products by adding an anti-subsidy probe of several cheese cheese, cream goods and milk to anti-dumping checks on pork and brandy, the newswire reported.
Giving a statement on Friday, the Commerce Ministry noted that officials had "heard the opinions and suggestions of industry and experts on increasing import tariffs on fuel powered cars with large displacement engines."