foreigntrade
The European Union (EU) has recently revealed that it has provisionally concluded that it would be applying tariffs to Chinese electric vehicles (EVs) of up to 38.1%. This is in order to curb the flood of much cheaper Chinese electric vehicles that are being imported into the EU, which in turn is posing a competition threat to European-made EVs. The main Chinese automakers which could potentially face increased tariffs are Geely, which could see tariffs of 20%, BYD, at 17.4% and SAIC, at 38.1%. Other Chinese EV producers are also likely to see tariffs range between 21% to 38.1%, depending on w...
Euronews (English)
Europe has all of the ingredients for reliable economic growth: a strong workforce of skilled and unskilled workers, a stable political climate, and an easy-to-navigate single market. The obvious question is why economic expansion is still stagnating — with only 0.5% estimated growth in 2023, as reported by the European Commission). The more interesting question is how to address it. The answer is that Europe’s long-term economic prospects will not be created by intra-European initiatives alone but instead on growing relationships with rapidly expanding frontier markets like Africa. Important,...
Euronews (English)
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