Goodbye 20c hello teens, page-35

https://www.asiafinancial.com/no-way-out-for-chinese-ev-makers-from-steep-us-europe-tariffs


No Way Out For Chinese EV-Makers From Steep US, Europe Tariffs.


The United States and the European Union are all but set to impose steep tariffs on imported Chinese electric vehicles.

The US government on Friday locked in higher tariffs on Chinese imports — including an eye-watering 100% levy on electric vehicles — which will come into effect by the end of the month.

That was a day after the European Commission rejected a last ditch effort by Chinese EV-makers to avoid the bloc’s planned tariffs by setting ‘minimum import prices’.