STLA - Will China Retaliate For Looming EU Auto Tariffs?
2024-06-06 05:35:00 ET
Summary
- Tariffs on Chinese carmakers are becoming a hot topic in Europe, following the U.S. move last month to impose tariffs on imports of electric vehicles and batteries from China.
- Chinese EV makers have up to a 50% average price advantage over European manufacturers due to their more competitive cost position.
- A trade war against Chinese carmakers would have winners and losers among Western original equipment manufacturers but would hurt European and U.S. consumers by slowing their access to cheaper electric cars.
By Gianmarco Migliavacca
China's potential response to the European Union's likely tariffs on Chinese electric vehicles could hurt German carmakers in particular. ...
Will China Retaliate For Looming EU Auto Tariffs?