Author: Next Business 24

The European Union (EU) is poised to implement provisional countervailing duties on imports of electric cars from China. This decision stems from preliminary findings of an anti-subsidy investigation, addressing growing concerns about unfair competition from heavily subsidized Chinese manufacturers. The move signifies a critical step in ensuring fair market competition and protecting the European electric vehicle (EV) industry from distorted market dynamics. The Context of the Tariffs The anti-subsidy investigation, initiated in response to complaints from European car manufacturers, revealed that Chinese electric car manufacturers receive substantial government subsidies. These subsidies allow Chinese companies to sell their electric vehicles at…

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Germany advanced to the Euro 2024 knockout stages with a commanding 2-0 victory over Hungary in Stuttgart, propelled by a standout performance from Jamal Musiala.

The Bayern Munich prodigy opened the scoring with a thunderous strike in the first half, showcasing his growing influence on the international stage. Despite Hungary’s resilient efforts and contentious referee decisions, Germany held firm defensively, denying Hungary any breakthroughs. Liverpool’s Dominik Szoboszlai posed a threat with his set-pieces, but Manuel Neuer’s goal remained unbreached.

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