Manufacturers expect levy agreed in Brexit deal to hand chunk of market to global firms, including China
Car giants including Renault, BMW and Mercedes-Benz have called on EU leaders to “act now” and delay plans for a 10% tariff on electric car exports from Europe.
Renault’s chief, Luca de Meo, led the calls, saying that if the EU did not take action then policymakers would simply be “handing a chunk of the market to global manufacturers” including Chinese companies, which are making significant inroads.
About Author
More Stories
Nigeria sues crypto giant Binance for $81.5bn in economic losses and back tax
Xi Jinping tells Alibaba’s Jack Ma and Chinese tech chiefs to ‘show their talent’
Apple announces $500bn in US investments over next four years