China floats perks for German carmakers in bid to stop EV levies

Quick Summary:

China floated lowering its existing tariffs on large-engine cars.

The European Commission says it is setting tariffs based on the legal conclusions of an in-depth study into Beijing’s massive state subsidies.

Beijing had previously signalled it could unleash a 25 per cent fee on large European cars, a move that would hit German luxury carmakers including Mercedes-Benz Group and BMW.

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Article Details

Category: EconomyBusiness

Markets: SingaporeCanadaChinaGermany

Topics: Tariffs Chinese Berlin Commission European China Beijing Trade Cent Other People

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-25 @ 08:55:00 (5 days ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 976 words

Reading Time: 6 minutes read

Sentences: 38 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Straits Times

News ID: 21377441

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Main Topics: EconomyBusiness

Official Website: straitstimes.com

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