China signals it may impose 25% tariffs on US/EU car imports

2024-05-28 End User News China
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According to a non-official statement of the China Chamber of Commerce to the EU (CCCEU), the country may announce protective measures against car exporters from the EU and US.
The hotly discussed news came from X, where last week CCCEU posted the text saying insiders informed them that China may consider increasing tariff rates on imported cars equipped with large-displacement engines up to 25% (from currently existing 15%). “This potential action carries implications for European and U.S. automakers, particularly in light of recent developments such as Washington's announcement of tariff hikes on Chinese electric vehicles (EVs) and Brussels' preparations for preliminary measures in a high-profile anti-subsidy investigation into Chinese EVs.” the chamber stated in the posting. Continue Reading? Please click box below!

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