ICYMI – China considers slapping higher tariffs on some imported cars

Overnight in China’s Global Times, citing a Chinese auto industry insider:

• China should consider raising the temporary tariff rate on imported cars with large-displacement engines
• Part of broader efforts to cut emissions and promote the green development of the auto industry

The Times add the obvious:

• auto industry insider … while slamming protectionist moves taken by certain countries and regions against Chinese electric vehicles (EVs)

The insider is :

• The suggestionn for increased temporary tariff rate on imports of vehicles with engines larger than 2.5 liters was made by Liu Bin, chief expert of China Automotive Technology & Research Center and deputy director of China Automotive Strategy and Policy Research Center

This is part of the trade war.

Chinese car, this one of BYD’s models.

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