EU tariff hike on SAIC Motor could impact exports to EU, causing concern among analysts

From Barchart: 2024-06-13 20:33:13

SAIC Motor Corp Ltd faced a higher-than-expected 38% import tariff on NEV exports to the EU, causing concern among analysts. The EU imposed the tariffs due to competition concerns. A final decision will be made in November, although SAIC has till July 4 to prepare. SAIC lost 1.6% shares on Thursday, but analysts expect the firm to counter the impact.



Read more at Barchart: EU tariff hike could be major setback for SAIC Motor- Morgan Stanley By Investing.com