China automaker lobby warns of enormous risks and uncertainty from EU tariffs on EVs

China Automobile Manufacturers Association:

• firmly opposes EU Commissions final draft on high tariffs on Chinese
  made electric vehicles
• hopes EU will adhere
  to dialogue and cooperation with China, maintain fair
  non-discriminatory market environment
• tariff decision
  brings enormous risks and uncertainty for Chinese firms’ operations
  and investment in EU

China has overcapacity across a range of manufactured goods, EVs just one.

This article was written by Eamonn Sheridan at www.forexlive.com.