The European Union has announced additional tariffs of up to 38.1% on electric vehicles from China. In response, SAIC, a major Chinese automaker, has stated it will contest the tariffs and has requested a formal hearing from the European Commission. SAIC’s actions, likely backed by the Chinese government, suggest possible countermeasures against the EU and a potential trade war.
Potential trade war as china prepares countermeasures against EU tariffs on EVs
12
Jul