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The European Union (EU) is planning to conduct an anti-subsidy probe into Chinese steelmakers, according to reports from the Financial Times. The investigation aims to determine whether Chinese steelmakers are receiving unfair subsidies. This news comes as China's clean car exports to Europe have surged, prompting the EU to also launch a subsidy probe into China-made electric vehicles (EVs). However, BMW has expressed concerns that the EU's probe into China-made EVs could potentially cause more harm than good. The German automaker believes that such an investigation could negatively impact the EV market and hinder the transition to cleaner transportation.
China’s Clean Car Exports Surge as Europe Starts Subsidy Probe https://t.co/Gm40toGlKV
"EU plans anti-subsidy probe into Chinese steelmakers" https://t.co/mZsdAJoM9y I truly appreciate how the foreign press reports on US trade politics: https://t.co/NMm4ht5bO6
EU plans anti-subsidy probe into Chinese steelmakers - FT https://t.co/1HPd8qF3FL https://t.co/l7V5coSL2z
⚠️ EU PLANS ANTI-SUBSIDY PROBE INTO CHINESE STEELMAKERS - FT Full Story → https://t.co/fafam4uhcl https://t.co/e4z8OCgrJ6
BMW says EU subsidy probe into China-made EVs could do more harm than good https://t.co/sMOQBXVjAg https://t.co/rpVC3oX3im