Why the EU is ready to drop high tariffs on China-made EVs: Europe’s shift toward cooperation over protectionism on Chinese EVs is more political than business-driven.
Why the EU is ready to drop high tariffs on China-made EVs: Europe’s shift toward cooperation over protectionism on Chinese EVs is more political than business-driven.
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Why the EU is ready to drop high tariffs on China-made EVs
The EU had previously investigated Chinese companies and levied tariffs according to the level of state support to neutralize market distortion. Now, EU is dropping tariffs and instead creating a cartel for the industry.