Bloomberg Daybreak: Asia Edition
China, EU EV Tariff Talks, Markets Lookahead
Jun 24, 2024
Bloomberg podcast featuring Minmin Low, Thomas Taw & Steve Sosnick discusses China-EU talks on EV tariffs, impact on German auto industry, Japanese equity rally, Japan's currency chief's warning, US equities performance, market insights on trading volume & options expiration
21:53
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Quick takeaways
- EU and China discuss EV tariffs to address subsidy issues and potential Chinese investments in Europe.
- China's overcapacity threatens European markets, impacting Germany's auto industry, necessitating strategies for Chinese investments in Europe.
Deep dives
China-EU Talks on Electric Vehicle Tariffs
China and the European Union have initiated talks to address tariffs on electric vehicles. Discussions aim to rectify what the EU terms injurious subsidisation. The potential outcome may involve Chinese companies investing in Europe and paying European wages to reduce cost advantages.
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