European tariffs on Chinese-made electric vehicles took effect on Wednesday after negotiations between both sides failed to reach an agreement. The new policy imposes import taxes of up to 45.3% on certain Chinese EVs, a move expected to have significant industry-wide impacts.

The post China Tells its EV Makers to Halt Investments in EU Countries That Approved Tariffs first appeared on CarSpiritPK and is written by News Desk.

Shares of major Asian automakers and suppliers tumbled on Friday after U.S. President Donald Trump threatened to slap tariffs on imports from Mexico from next month, potentially tipping over a decades-old business model of global manufacturers.

The post Automakers Shiver in Asia as Trump Threatens Mexico Tariffs first appeared on CarSpiritPK and is written by UsmanAnsari.