China Threatens 25% Car Tariff Against US, EU Moves ...Middle East

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China Threatens 25% Car Tariff Against US, EU Moves
source : OILPRICE ( Middle East ) () 192
Beijing is still mulling its expected retaliation in the wake of last week's Biden administration rollout of steep tariff increases on a series of Chinese tech imports, importantly including computer chips, EV batteries and medical technology products. Wednesday saw shares of European luxury automakers such as BMW, Mercedes-Benz, Tata Motors (Jaguar Land Rover), and Volkswagen Group (Audi) all finish lower, in the aftermath of a threatening and ominous Chinese state-run Global Times article which argued China should "consider raising…

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