Reported Earlier, 'EU Commission To Postpone Chinese EV Tariff Decision, Source Says' - Reuters News
Portfolio Pulse from Benzinga Newsdesk
The European Commission will delay its decision on Chinese electric vehicle tariffs until after the European Parliament election on June 9. The provisional tariffs, expected by June 5, would have imposed significant costs on Chinese EV makers. The new deadline is June 10, though it may be due to a technical issue.
May 29, 2024 | 5:58 pm
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POSITIVE IMPACT
The delay in the EU Commission's decision on Chinese EV tariffs could temporarily ease concerns for Chinese companies included in the iShares China Large-Cap ETF (FXI).
The delay in the tariff decision removes immediate pressure on Chinese companies, which could positively impact the FXI ETF in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
The delay in the EU Commission's decision on Chinese EV tariffs may have a neutral to slightly positive impact on the Vanguard FTSE Europe ETF (VGK) as it avoids immediate trade tensions.
The postponement of the tariff decision helps avoid immediate trade tensions, which could be slightly positive for European markets and the VGK ETF.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50