Senior EU Official Says EU Has Received Electric Vehicle Price Undertaking Offers From Chinese Chamber Of Commerce And From Separate EV Exporters; It Seems Very, Very Difficult To Reach An Agreement By The End Of October, When EU Investigation Ends; A Single Minimum Price As Alternative To Tariffs For Chinese Electric Vehicles Would Not Work
Portfolio Pulse from Benzinga Newsdesk
The EU has received price undertaking offers from the Chinese Chamber of Commerce and separate EV exporters regarding electric vehicles. However, reaching an agreement by the end of October seems challenging. A single minimum price as an alternative to tariffs is not feasible.
October 14, 2024 | 1:28 pm
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NEGATIVE IMPACT
The EU's difficulty in reaching an agreement with Chinese EV exporters could impact Chinese companies represented in the FXI ETF, as tariffs or other trade measures may affect their market access.
FXI includes Chinese companies that could be affected by EU trade measures. The difficulty in reaching an agreement suggests potential tariffs, which could negatively impact these companies' market access and profitability.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
The EU's potential imposition of tariffs on Chinese EVs could impact European companies in the VGK ETF, as it may alter competitive dynamics in the EV market.
VGK includes European companies that might benefit from reduced competition if tariffs are imposed on Chinese EVs. However, the impact is uncertain as the situation is still developing.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50