This is a summary. For more, download the full analysis. Following the anti-subsidy investigation, the European Commission has proposed additional import duties on China-made battery electric vehicles (BEV), ranging from 7,8% for Tesla to 35,3% for SAIC’s MG. With 1 in 5 electric cars sold in Europe last year imported from China, the aim is…
October 4 is a date that cannot come soon enough for European Union bureaucrats, but one the Chinese government desperately wants to avert. As Beijing looks to strike a deal that would nix the duties, talks with the European Commission will continue right up to the last minute. Martin Lukas, the commission’s director of trade…
America’s top envoy to Beijing said the US will not tolerate a “second China shock” and expressed support for a “global pushback” to surging capacity in China’s electric vehicle (EV) industry and other sectors. Speaking via video link from Beijing on Thursday, US ambassador to China Nicholas Burns called on European allies to jointly address…
Two members of the US Congress said on Wednesday that they would introduce bipartisan legislation to revitalise the US shipbuilding industry amid rising concerns around America’s maritime capacity, national security and economic competitiveness with China. Representative Mike Waltz, a Republican from Florida, and Senator Mark Kelly, a Democrat from Arizona, announced the upcoming Ships for…
Malaysia must navigate global trade tensions carefully as it seeks to sustain competition in its electric-vehicle sector through incentives for local manufacturers and lure investment, according to its Investment, Trade and Industry Minister Tengku Zafrul Aziz. In an exclusive interview with This Week in Asia, Zafrul warned that if tensions between the United States and…
Both major US presidential candidates fundamentally agree on international trade objectives, former American trade officials said on Thursday, but look for more threats, posturing and volatile tariff barriers under a Donald Trump 2.0 administration, particularly against China. Since then, campaigning has cast international trade in decidedly domestic terms, with Trump threatening to impose up to…
Sep 17, 2024 03:09 PM IST ITALY-CHINA/AUTO-INVESTMENT (UPDATE 1, PIX):UPDATE 1-China tells Italy: EU electric vehicle probe affecting investor confidence BEIJING, Sept 17 – Chinese Commerce Minister Wang Wentao said on Monday the EU investigation into Chinese electric vehicles was seriously affecting Chinese car companies’ confidence in investing in Italy, as a regional vote on…
BEIJING (Reuters) – The United States should immediately lift all tariffs on Chinese goods, the Chinese commerce ministry said on Thursday, ahead of an announcement by the Biden administration on expected hikes in levies on Chinese-made items, including electric vehicles. The U.S. is expected to make its final determination in the coming days after delaying…