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

The European Union is investigating China’s subsidies for electric vehicles that impact by lowering the price of such vehicles in the EU.

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.

China’s vehicle exports are surging: