Stellantis says China JV to begin Europe sales in September
Chinese automakers are pushing ahead with expansion plans in Europe despite mounting political pushback on the continent.
Chinese automakers are pushing ahead with expansion plans in Europe despite mounting political pushback on the continent.
The tariffs come in the middle of a heated campaign between President Joe Biden and his Republican predecessor, Donald Trump, in which both candidates are vying to show who's tougher on China.
A US decision on tariffs would come at the end of a long-awaited review of levies imposed during a trade war between Washington and Beijing.
The company recently announced an annual net loss of $7 billion, its first since 1999, following a steep decline in trade with Europe.
The United States is reportedly planning to raise tariffs on Chinese clean energy goods such as electric vehicles, batteries and solar products, with an announcement expected this week.
China's overcapacity and high production levels are likely to increase steel exports to India, which, combined with India's capacity growth, could suppress steel prices in the region.
Exports of the group of 17 minerals from the world's largest producer stood at 4,566 metric tons last month, data from the General Administration of Customs showed.
Lithium-ion batteries are a form of rechargeable energy storage used in everything from electric cars to scooters, laptops and motorised wheelchairs.
Helped by a weak yen and strong hybrid vehicle sales, the Japanese giant's bottom line doubled to 4.94 trillion yen ($31.9 billion) in the year to March while revenues rose 21.4 percent to 45.1 trillion yen, also an all-time high.
The current slump is “irrational” and there’s only a small probability it will continue, Jinko Solar Co. Chairman Li Xiande said in a joint presentation hosted by the Shanghai Stock Exchange.
The data highlights a deep-seated dependency on these two countries that has seen a dramatic escalation over the years, it added.