BYD and other companies doubled their share of the car market after the European Union imposed higher tariffs on electric vehicles from China.
Los aranceles de Washington impuestos a Pekín podrían conducir a un escenario peligroso para los mercados europeos: el “dumping” de productos podría socavar las industrias locales.
President Trump’s tariffs on China could lead to a hazardous scenario for European countries: the dumping of artificially cheap products that would undermine local industries.
Faltering U.S. industrial leadership has allowed China to take a harder trade stance as President-elect Donald Trump prepares to take office.
A district court ruled that Sweden’s constitution prevented it from taking a side in a labor dispute between Tesla and local unions that has dragged on for 11 months.
Beijing’s action came days after European nations moved toward tariffs on electric vehicles from China, and it included a threat to also hit pork and car imports.
Beijing’s action came days after European nations moved toward tariffs on electric vehicles from China, and it included a threat to also hit pork and car imports.
The European Union is expected to support wielding tariffs on electric vehicles made in China, seeking to prevent unfair competition.
With Trump once again in the Oval Office, America would be at risk of falling even further behind China in industrial competitiveness.
The new tariffs announced by Prime Minister Justin Trudeau will match levies imposed by President Biden and could further strain relations between Canada and China.