Tariffs could come into force in November after a vote in late October.

Tariffs could come into force in November after a vote in late October.

EU capitals are prepared to back the introduction of tariffs on Chinese electric vehicles, Valdis Dombrovskis, the European commissioner for trade, told the Financial Times.

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Although the move sparked anger in Beijing, supporters of the levy claim it is essential to protect EU manufacturers against unfair competition.

A probe launched last year by the European Commission determined that Chinese subsidies were allowing firms to keep their prices artificially low.

  • @WaveformEnglish
    1•1 month ago

    Thanks for the detailed info. It would be awesome if the CEOs and shareholders took a pay hit, so they could keep work here and pay them more to boot. (I haven’t run any numbers to see if it would even make a big enough difference.)

    I didn’t know the CHIPS act was having trouble. Last new I heard was that US workers supposedly didn’t have sufficient work ethic, or something. Iirc, it sounded like they didn’t want to be worked to death…