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China calls EU tariffs on EVs unfair, says it will take necessary measures to defend industry - TL;DR CNBC

China calls EU tariffs on EVs unfair, says it will take necessary measures to defend industry

Publishing timestamp: 2024-08-21 06:19:23


Summary

China criticizes EU for lowering import duties on electric vehicle manufacturers, including Tesla, from China. Beijing believes EU's probe into China's subsidies for EVs is promoting unfair competition and vows to defend Chinese companies. EU's final ruling did not fully absorb China's opinions, leading to concerns about trade disputes escalating.


Sentiment: NEGATIVE

Tickers: 1211-HK104-SZTSLAZE594-CN175-HK

Keywords: breaking news: businesstransportationbyd co ltdbusiness newsgeely automobile holdings ltdbreaking news: technologybreaking news: economyeconomytesla incsaic motor corp ltdtechnology

Source: https://www.cnbc.com/2024/08/21/china-calls-eu-tariffs-on-evs-unfair-says-it-will-defend-industry.html


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