EU to probe China EV subsidies. China retaliates, extends anti-subsidy duties on EU import

<p>The European Union is investigating China’s subsidies for electric vehicles that impact by lowering the price of such vehicles in the EU. </p><p>China hit back within hours, it will extend anti-subsidy duties on potato starch imports from the European Union for the next five years from Saturday. This tariff was first levied in 2011 and was extended in 2017. </p><p>China's vehicle exports are surging:</p><ul><li><a href="https://www.forexlive.com/news/in-h1-of-2023-chinese-auto-exports-were-up-757-yy-20230828/" target="_blank" rel="follow" data-article-link="true">In H1 of 2023 Chinese auto exports were up 75.7% y/y</a></li><li><a href="https://www.forexlive.com/news/will-there-be-anything-left-of-the-german-economy-20230912/" target="_blank" rel="follow" data-article-link="true">Will there be anything left of the German economy?</a></li></ul>

This article was written by Eamonn Sheridan at www.forexlive.com.