The European Union confirmed plans to impose additional tariffs on electric cars made in China, dashing hopes of a solution sought by several carmakers whose executives fear reprisal from an escalating trade war.
New import fees will begin Friday and last at least four months, the EU Commission said. Thursday's confirmation comes after negotiations with the Chinese government and lobbying from the German car industry and others failed to halt the tariffs.
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Expected Major Events for Friday
06:00/ROM: May Retail trade
06:00/FIN: May Foreign trade
06:00/SWE: May New orders & deliveries in industry
06:00/SWE: May Industrial Production Index
06:00/NOR: May Industrial Production Index
06:00/GER: May Industrial Production Index
06:00/UK: 2Q Halifax House Price Index: UK Regional Breakdown quarterly release
06:00/UK: Jun Halifax House Price Index
06:30/HUN: May Retail Sales
06:30/HUN: May Preliminary Industrial Production
06:30/HUN: May Preliminary External Trade
06:45/FRA: May Industrial production index
06:45/FRA: May Foreign trade
06:45/FRA: May Balance of payments
07:00/SPN: May Industrial Production
07:00/AUT: Jun Wholesale Price Index
07:00/SWI: Jun SNB foreign currency reserves
07:00/SWI: Jun Consumer Sentiment Index
08:00/ITA: May Retail Sales
09:00/EU: May Retail trade
10:00/IRL: Jun Irish Live Register latest monthly figures
All times in GMT. Powered by Onclusive and Dow Jones.
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This article is a text version of a Wall Street Journal newsletter published earlier today.
(END) Dow Jones Newswires
07-05-24 0015ET
