China Trade Group Evaluates Car Tariffs as Retaliation Against US and EU Actions

Tuesday, 21 May 2024, 18:26

A major trade group in China is contemplating the imposition of car tariffs in response to recent tariff hikes by the US and actions taken by the EU. The US has increased tariffs on a variety of Chinese products, while the EU has initiated measures to address Chinese subsidies in multiple industries. These retaliatory considerations highlight the escalating trade tensions between major global economies.

https://store.livarava.com/cdcd5d97-179f-11ef-a6c8-63e1980711b2.jpg — China Trade Group Evaluates Car Tariffs as Retaliation Against US and EU Actions

China Trade Group Considers Car Tariffs

A major trade group in China is contemplating the imposition of car tariffs as a response to recent actions by the US and the EU. The US has announced tariff hikes on various Chinese goods, while Brussels has taken steps to address Chinese subsidies in several industries.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

China Trade Group Considers Car Tariffs

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