EU unafraid of trade war with China

By Agence France-Presse

Sep 17, 2023 12:13 am

Europe put itself at risk of a trade war when European Commission President Ursula von der Leyen announced the anti-subsidy investigation on Wednesday, accusing China of keeping car prices 'artificially low by huge state subsidies.'

The investigation could see the European Union try to protect European carmakers by imposing punitive tariffs on cars it believes are unfairly sold at a lower price.

Already have an active account? Log in here to continue reading.
Or
Subscribe to the Premium Subscription plan to access this subscriber-exclusive article.

Related Articles

Jobless rate drops to 3.2%

USTR keeps Greenhills in notorious markets list

Fuel economy labels now required for autos

DTI looking to revise sales and labeling rules

'More gradual easing' seen for Bangko Sentral

Trade, revenue sales for Pinoy Halal goods hit P7.9B under PBBM's watch

105 delayed RE projects up for termination – DOE