Bloomberg editorial: EU's tariff policy on Chinese EVs is a misstep
2024-10-13 02:45:42 source：CGTN
October 12, 2024
The EU's decision to impose tariffs of up to 45 percent on Chinese electric vehicles (EVs) is "a misstep that one must hope will give way to mutually beneficial negotiation, not launch a trade war that leaves both sides worse off," said a Bloomberg opinion piece on Friday.
The EU's EV policy could backfire, undermining its own decarbonization targets, reducing competitive pressure on domestic firms, and stifling innovation and productivity, it warned.
The tariffs could fuel, it said, calls for more trade barriers and state aid, pushing toward "an industrial policy that is already failing."
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