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EU may slap retroactive tariffs on Chinese EVs as Commission finds evidence that China has been “unfairly” subsidizing its EV exports (electrek.co)

submitted 7 months ago* (last edited 7 months ago) by [email protected] to c/[email protected]

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The European Commission says China hasn’t been playing fair in that its government has been paying subsidies through “direct transfer of funds,” among other actions, reports Reuters – which the EC says tips the balance in China’s favor and leaves European automakers out to dry.

Back in October 2023, Europe launched its formal investigation into the Chinese EV industry, as European companies are struggling to compete with the cheap, high-tech Chinese imports, made by low-cost labor, entering the European Union.

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[–] [email protected] 12 points 7 months ago (3 children)

Sorry, haven't almost all our European industries relied heavily on government subsidies

Yes, and that stuff is factored in on every trade agreement the EU signs. The Chinese subsidies were not so now they are making the adjustments.