EU tariffs on Chinese electric cars based on WTO rules, Renault boss says
ReutersOct 30, 2024 11:55 AM
DOUAI, France (Reuters) - European Union tariffs imposed on Wednesday on imported Chinese electric vehicles are based on rules set by the World Trade Organization that everyone has signed up to, said Luca de Meo, chief executive of French car maker Renault.
The additional duties of up to 45.3% follow a year-long investigation.
The question is whether European industry will be able to compete with the Chinese in five years time, he told reporters during a plant visit.
(Reporting by Gilles Guillaume; writing by Dominique Patton; editing by Jason Neely)
Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.
Related Articles
What to Expect From Microsoft Q4 FY2025 Earnings: The King of AI Monetization — A $4 Trillion Market Cap Within Reach?
TradingKey - Cloud giant Microsoft (MSFT.US) will report its fiscal fourth-quarter 2025 earnings (calendar Q2) after the U.S. market close on July 30. Wall Street is bullish, expecting strong results from Azure cloud services and AI-driven growth to propel Microsoft’s market capitalization towardTradingKey
4 hours ago
Microsoft 4Q25 Earnings Preview: A Closure to a Great Fiscal Year
Microsoft will release its earnings for the fourth quarter of the fiscal 2025 on July 30th after the market closes:- 4Q25 Earnings per share: $3.38 estimate vs. 4Q24 actual of $2.95 (+15% y/y) - 4Q25 Revenue: $73.81bn estimate vs. 4Q24 actual of $64.38bn (+15% y/y)TradingKey
11 hours ago
U.S. GDP, PCE, and Fed Rate Decision Preview: U.S. Stocks May Continue to Rise
TradingKey - The United States is set to release its latest GDP and PCE data on 30–31 July 2025, with the Federal Reserve’s interest rate decision expected concurrently. Market consensus anticipates that the annualized real GDP growth rate for the second quarter will turn positiveTradingKey
11 hours ago
What to Expect From Meta Q2 Earnings: AI Push, Ad Strength — But Can Profitability Hold?
TradingKey - Meta Platforms (META), the parent company of Facebook, Instagram, and WhatsApp, will release its Q2 2025 earnings after the U.S. market close on Wednesday, July 30. After nine consecutive quarters of beating expectations, analysts expect another strong performance — driven by AI-poweredTradingKey
Tue, Jul 29
Tradingkey
