Business
2024.06.14 14:09 GMT+8

New EV tariffs could result in lose-lose situation for Europe and China

Updated 2024.06.14 14:09 GMT+8
CGTN
New EV tariffs could result in lose-lose situation for Europe and China

The European Commission announced on Wednesday its intention to hit Chinese electric car imports with additional tariffs of up to 38.1 percent from next month onwards following a so-called anti-subsidy probe. As CGTN anchor Guan Xin explains, the move will not only harm Sino-European economic cooperation and stability of the global automotive supply chain, but also ultimately damage Europe's own interests. 

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