General Motors is taking a $5 billion-plus hit on its operations in ChinaGM is facing a $5 billion impact from increased competition in China, driving a major operational restructuring.
A Chinese EV maker was slapped with a 36% tariff. The company said it didn't understand EU documentation.SAIC Motors faces a 36.3% tariff from the EU for non-cooperation and unfair subsidization amidst ongoing trade tensions.
General Motors is taking a $5 billion-plus hit on its operations in ChinaGM is facing a $5 billion impact from increased competition in China, driving a major operational restructuring.
A Chinese EV maker was slapped with a 36% tariff. The company said it didn't understand EU documentation.SAIC Motors faces a 36.3% tariff from the EU for non-cooperation and unfair subsidization amidst ongoing trade tensions.