With EU tariffs and the US rivalry, will China be battling 2 trade wars at once?
The double crunch could still be avoided but conditions were only to get tougher for Beijing, according to analysts. A top rate of 35.3 per cent will apply to EVs from Chinese-state owned SAIC Motor and its subsidiaries, on top of a baseline 10 per cent duty that applies to all EV imports, which by…