{"id":41678,"date":"2024-10-23T05:10:48","date_gmt":"2024-10-23T10:10:48","guid":{"rendered":"https:\/\/latamobility.com\/?p=41678"},"modified":"2024-10-22T19:32:49","modified_gmt":"2024-10-23T00:32:49","slug":"eu-tariffs-on-china-keep-market-on-hold","status":"publish","type":"post","link":"https:\/\/latamobility.com\/en\/eu-tariffs-on-china-keep-market-on-hold\/","title":{"rendered":"EU Tariffs on China Keep Market on Hold"},"content":{"rendered":"\n
Bloomberg<\/strong> news agency says in an opinion piece that the European Union’s<\/strong> decision to impose tariffs of up to 45%<\/strong> on Chinese electric vehicles<\/strong> is \u201ca misstep that should hopefully lead to a mutually beneficial negotiation<\/strong>, not start a trade war<\/strong> that leaves both sides worse off.\u201d<\/p>\n\n\n\n
The EU’s electric vehicle policy<\/strong> could backfire, undermining its own decarbonization goals<\/strong>, reducing competitive pressure on domestic companies and stifling innovation and productivity, warns the article published Friday.<\/p>\n\n\n\n
According to the note, tariffs<\/strong> could fuel calls for more trade barriers<\/strong> and state aid<\/strong>, driving \u201can industrial policy<\/strong> that is already failing.\u201d<\/p>\n\n\n\n