Financial News
Italy Endorses EU Decision on Import Tariffs for Chinese EVs
Italy has revealed that it supports the European Union’s (EU) decision to impose import tariffs on electric cars manufactured in China. The European Commission levied import tariffs of up to 38% on Chinese electric vehicles after a probe by the commission found that China’s decade-long EV subsidy program gave Chinese automakers an unfair advantage over western carmakers.
With the U.S. auto market virtually…
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