Paris Motor Show 2024: Tariffs loom for Chinese electric cars in Europe
French President Emmanuel Macron visited the Paris Motor Show, discussing support for an EU plan to impose high tariffs on Chinese electric vehicles. He highlighted the need for protective measures amid shrinking European markets and increasing competition from China. Sales of Chinese electric cars have surged, prompting EU accusations of trade rule violations through subsidies, which China denies. Some EU countries, like Germany, fear retaliation on their car imports, while French carmakers hope tariffs will benefit their market.
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Credit to : Al Jazeera English
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