SAIC Motors Hit with 36.3% Additional Tariff by the European Union
SAIC Motors, a major Chinese electric vehicle manufacturer and partner to both General Motors and Volkswagen, has been hit with a significant 36.3% additional tariff by the European Union. The EU imposed this hefty tariff after accusing the state-owned company of benefiting from “unfair subsidisation,” which allegedly harmed European competition. The tariff is a revision […]