Yesterday, Wednesday, October 30, the European Union’s tariffs on Chinese-made all-electric vehicles came into effect after the two sides failed to find a mutually acceptable solution.
China, however, is not going to stand idly by as it will challenge the European import tariffs by appealing to the WTO, while SAIC has made it known that it is taking the European Commission to court.
In addition to imposing the new tariffs, China’s Ministry of Commerce told local automakers that they should halt their investment plans in countries that voted for the tariffs.
Unnamed sources said carmakers have been encouraged to invest only in countries that voted against the tariffs and to be cautious about planned investments in countries that abstained.
France, Italy, the Netherlands and Poland are among the 10 countries that voted in favor of the tariffs, while five countries voted against: Germany, Slovenia, Slovakia and Hungary. However, 12 countries, including Greece, Cyprus, Sweden and Spain, abstained from voting.
(Photo credit: depositphotos.com)
Source: www.autoblog.gr
