Why EU’s Tariffs Won’t Stop Chinese EVs
Critics say the European Union’s provisional tariffs on Chinese EVs could raise prices, reduce choice and slow the pace with which the EU meets its climate change mitigation targets. Some European automakers, especially those from Germany, oppose them. They also might not be high enough to actually stop the tide of Chinese imports. And yet supporters say these measures are necessary to offset the harm done by China’s pattern of generously subsidizing its own industries and subsequently crushing global competition. Chapters: 01:37 Why EU’s tariffs won’t stop Chinese EVs 01:43 Chapter 1. Tariffs 04:03 Chapter 2. Climate vs. Industry 09:06 Chapter 3. Industry Opposition Producer: Robert Ferris Editor: Maria Chiu, Andrea Miller Animation: Mallory Brangan Senior Managing Producer: Tala Hadavi Additional footage: Getty Images, Audi, BMW, Mercedes-Benz, Zeekr » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Want to master your money this fall? Sign up for CNBC’s new online course. We’ll teach you practical strategies to hack your budget, reduce your debt, and grow your wealth. Start today to feel more confident and successful. Use code EARLYBIRD for an introductory discount of 30% off, now extended through September 30, 2024, for the back-to-school season: https://cnb.cx/3WiasGB Connect with CNBC News Online Get the latest news: https://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC Follow CNBC on Threads: https://cnb.cx/threads Follow CNBC News on X: https://cnb.cx/FollowCNBC Follow CNBC on WhatsApp: https://cnb.cx/WhatsAppCNBC #CNBC Why EU’s Tariffs Won’t Stop Chinese EVs
