España se está forjando un camino como país “conector”, atrayendo inversiones chinas mientras evita posicionarse sobre los aranceles europeos a los vehículos eléctricos.
The tariffs, some as high as 45 percent, are intended to protect Europe’s automotive sector, but they could escalate a trade war with China.
Spain is forging a path as a “connector” country, drawing Chinese investment as it abstained from taking a position on European tariffs on electric cars.
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.
European Union officials say the duties are meant to protect the region’s automakers from what they say are unfair trade practices in China.
The European Union is expected to support wielding tariffs on electric vehicles made in China, seeking to prevent unfair competition.
BYD, which leads China’s electric vehicle sector, is constructing a plant in Hungary while its Chinese rivals expand through joint ventures in Europe.
With Trump once again in the Oval Office, America would be at risk of falling even further behind China in industrial competitiveness.
The Canadian government will impose a new tariff on electric vehicles made in China, further escalating trade tensions between Western countries and China.