8Lun
"Car transport companies plummet after possible EU tariffs on Chinese electric cars...
The European Commission will begin registering imports of Chinese electric cars with customs on Thursday.
That means they could be hit with tariffs if the EU's trade investigation later concludes they are receiving unfair subsidies, Reuters reports.
Höegh Autoliners and Wallenius Wilhelmsen fell 10.07 and 8.54 percent respectively on Wednesday afternoon, after gaining recently.
Last fall, the EU launched an investigation into China's subsidies for the production of electric cars in China. According to Reuters, the EU is expected to reach a conclusion in November, but the EU could impose temporary import duties as early as July because the European Commission already has enough evidence that China's auto industry is being subsidized."
Translated with DeepL.com (free version)
@TopperHarley
The European Commission will begin registering imports of Chinese electric cars with customs on Thursday.
That means they could be hit with tariffs if the EU's trade investigation later concludes they are receiving unfair subsidies, Reuters reports.
Höegh Autoliners and Wallenius Wilhelmsen fell 10.07 and 8.54 percent respectively on Wednesday afternoon, after gaining recently.
Last fall, the EU launched an investigation into China's subsidies for the production of electric cars in China. According to Reuters, the EU is expected to reach a conclusion in November, but the EU could impose temporary import duties as early as July because the European Commission already has enough evidence that China's auto industry is being subsidized."
Translated with DeepL.com (free version)
@TopperHarley
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@Khlmysee Thanks for the article
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