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Why MNI
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of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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EU "Confident" EV Tariffs Comply With WTO Rules
MNI London: Reuters reporting that the European Commission is “confident” its measures against state subsidies for Chinese electric vehicles are compatible with WTO rules following a decision by China today to request a WTO consultation on the EU tariffs.
- A spokesperson for China's Commerce Industry said: "The EU's preliminary ruling lacks a factual and legal basis, seriously violates WTO rules, and undermines the overall situation of global cooperation in addressing climate change."
- Reuters notes: “The European Union imposed provisional tariffs of up to 37.6% on imports of electric vehicles (EV) made in China in July, keen to protect its domestic EV production, after an EU investigation found the cars were subsidised by China.”
- A spokesperson for the European Commission told AFP: "The EU is carefully studying all the details of this request and will react to the Chinese authorities in due course according to the WTO procedures."
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.