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EU finds Chinese automakers have unfairly subsidized, proposes tariffs

June 12, 2024 at 1:28 PM
The European Union on Wednesday announced it would impose provisional duties of up to 38.1 percent next month on Chinese electric vehicle automakers, arguing that the companies benefit from “unfair subsidization” and threaten to cause economic injury to European manufacturers. The duties are set to go into effect on July 4 “[s]hould discussions with Chinese authorities not lead to an effective solution,” according to a statement from the European Commission . The bloc launched its subsidy investigation into Chinese EVs...

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