Why the EU is ready to drop high tariffs on China-made EVs: Europe’s shift toward cooperation over protectionism on Chinese EVs is more political than business-driven.

restofworld.org

Why the EU is ready to drop high tariffs on China-made EVs: Europe’s shift toward cooperation over protectionism on Chinese EVs is more political than business-driven.

restofworld.org

vin@lemmynsfw.com to

World News@lemmy.worldEnglish · 12 days ago

Why the EU is ready to drop high tariffs on China-made EVs

restofworld.org

Europe’s shift toward cooperation over protectionism on Chinese EVs is more political than business-driven.

The EU had previously investigated Chinese companies and levied tariffs according to the level of state support to neutralize market distortion. Now, EU is dropping tariffs and instead creating a cartel for the industry.

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