The EU tariff hikes on Chinese electric vehicles are expected to come into force at the beginning of November but a negotiated settlement remains possible
The hikes on Chinese electric vehicles are expected to come into force at the beginning of November but a negotiated settlement remains possible
Ireland was among 10 member states to vote in favour of the higher tariffs, alongside France and Italy, while 12 abstained. Ireland’s vote came against the background of a Chinese ministry of commerce investigation into EU subsidies for the dairy industry that has alarmed Irish farmers. The central bank cut key interest rates, reduced the amount of cash banks need to hold in reserve and pumped billions of yuan into the stock market, amid a range of other direct supports for the housing market. The Communist Party’s politburo has signalled further action, which could include payouts to families with more than one child and help for more than 300 million workers from the countryside who work in cities.
China Electric-Vehicles World-Trade-Organisation
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