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.
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…