Edited By WION Video Desk
Published: May 30, 2024, 05:15 IST | Updated: May 30, 2024, 05:15 IST
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World Business Watch May 30, 2024, 05:15 IST
Chinese executives hope for deal as EU tariff hike looms
China is looking to negotiate with the European union regarding trade tariffs on EVs. This comes amid a booming Chinese EV industry, eager to capture a share of the lucrative European market. Analysts estimate a 10% tariff increase could cost Chinese exporters an additional $1 billion annually.
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