Chinese car companies have warned that they will reduce investment in the EU if it imposes tariffs on electric vehicle imports next month.
“Certain Chinese companies noted that if the EU proceeds with the imposition of additional tariffs, their existing investment plans would have to be re-evaluated as their confidence in the EU’s investment environment would be diminished,” said the China Chamber of Commerce to the EU after a meeting with Beijing’s commerce minister Wang Wentao in Brussels.
Wang held last-ditch talks on Thursday with European trade commissioner Valdis Dombrovskis in a bid to halt the tariffs. They said they will hold more discussions on the issue.
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