Chinesemade

Explainer-What happens as EU concludes investigation of Chinese-made EVs? By Reuters

Stocks

By Philip Blenkinsop BRUSSELS (Reuters) – The European Union formally approved imposing tariffs on Chinese-made electric vehicles (EVs) on Tuesday after an investigation that has divided the bloc and prompted retaliation from Beijing. The European Commission has set rates ranging from 7.8% for Tesla (NASDAQ:) to 35.3% for China’s SAIC…

US lawmakers ask Biden administration to increase tariffs on Chinese-made drones

Stocks

By David Shepardson WASHINGTON (Reuters) -A bipartisan group of U.S. lawmakers on Wednesday asked the Biden administration to impose higher tariffs on Chinese drones, including those shipped from other countries, and new incentives to boost U.S. drone manufacturers. Representative Mike Gallagher, chairman of the House China committee, the panel’s top…