this post was submitted on 12 Jun 2024
115 points (96.0% liked)

Europe

8484 readers
1 users here now

News/Interesting Stories/Beautiful Pictures from Europe 🇪🇺

(Current banner: Thunder mountain, Germany, 🇩🇪 ) Feel free to post submissions for banner pictures

Rules

(This list is obviously incomplete, but it will get expanded when necessary)

  1. Be nice to each other (e.g. No direct insults against each other);
  2. No racism, antisemitism, dehumanisation of minorities or glorification of National Socialism allowed;
  3. No posts linking to mis-information funded by foreign states or billionaires.

Also check out [email protected]

founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 1 points 3 months ago

This is the best summary I could come up with:


The EU has notified Beijing that it intends to impose tariffs of up to 38% on imports of Chinese electric vehicles, triggering duties of more than €2bn (£1.7bn) a year and a potential trade war with China.

The tariffs will be applied provisionally from next month in line with World Trade Organization rules, which give China four weeks to challenge any evidence the EU provides to justify the levies on imported EVs.

However, senior sources say that the question of EV dumping is also causing concern in non-EU member states and there is a determination to ensure that China cannot have global dominance in electric cars and other green tech products.

The subject is expected to come up at the G7 summit in Italy on Thursday with the EU hoping to persuade other leaders that the response to China’s overcapacity in cars, steel and other items including solar panels and electric vehicle batteries needs to be “targeted”.

Leaders gathering at the G7 are expected to raise the topic of small Chinese banks funding deals with Russia amid concern this is bolstering the Kremlin’s war effort.

Lin Jian told a press briefing in Beijing that politicians and industry representatives from many European countries had expressed opposition to Brussels on the matter of tariffs, in what could be a reference to Germany, which is concerned about counter-measures on its own car exports to China.


The original article contains 865 words, the summary contains 232 words. Saved 73%. I'm a bot and I'm open source!