Hyperdrive
China Hints at 25% Car Tariff as Deadline for EU Probe Looms
- Lobby group calls tariff on large-engine cars ‘significant’
- Category made up about one-third of auto imports in 2023
This article is for subscribers only.
China signaled it’s ready to unleash tariffs as high as 25% on imported cars with large engines, as trade tensions escalate with the US and European Union.
The China Chamber of Commerce to the EU said it was informed about the potential move by “insiders,” according to a statement posted on X. The levies would affect European and US carmakers and have a “significant” impact on relations with the EU, it added.