eu tariffs on chinese evs to accelerate plant closures in europe auto expert

Eu Tariffs On Chinese Evs To Accelerate Plant Closures In Europe - Auto Expert

The European Unions new tariffs on Chinese electric cars will accelerate plant closures in Europe by local automakers because they will push Chinese manufacturers to build facilities in Europe, exacerbating overcapacity problems, Carlos Tavares, the Chief Executive Officer CEO, Stellantis, has said. Tariffs are a good communication tool, but have side effects, Tavares said during