EU plan to press ahead with China EV tariffs bad for ties and green ambitions -Xinhua
BEIJING - The European Commission's decision to press ahead with tariffs on Chinese-made electric vehicles threatens to undermine decades of cooperation between China and the EU, and endangers climate-change goals, Xinhua news agency said on Saturday.
"The path forward is clear: Protectionist tariffs must be abandoned in favor of continued negotiations." The proposed duties on EVs built in China of up to 45% would cost carmakers billions of extra dollars to bring cars into the bloc and are set to be imposed from next month for five years. In what has been seen as retaliatory moves, Beijing this year launched probes into imports of EU brandy, dairy and pork products.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events.
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