Chinese Carmakers Call for 25% Tax on Large European Cars, CCTV Reports
- Chinese and European carmakers attended closed-door meeting
- EU to impose tariffs of as high as 48% on China-made EVs
Source: Bloomberg
This article is for subscribers only.
Chinese carmakers have urged Beijing to adopt the “most severe measures”, including a tax of 25% on European Union-made cars with large engines, in response to Brussels’ tariffs on electric vehicles made in China, a report said Wednesday.
The companies made the demand in a closed-door meeting with Beijing’s Ministry of Commerce attended by four Chinese and six European auto manufacturers, as well as industry and research bodies, on Tuesday, according to an article published by a social media account affiliated with state broadcaster CCTV.