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Will EU impose sanctions on Chinese NEVs by end of 2024?
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Resolution / Starting Odds
Sanctions Imposed • 50%
No Sanctions Imposed • 50%
Official announcement from the European Union or reputable news sources
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China Criticizes EU's 'Unprecedented' Information Requests in NEV Probe on Thursday
Jun 20, 2024, 08:45 AM
China's Commerce Ministry (MOFCOM) has criticized the European Union's anti-subsidy investigation into Chinese new energy vehicles (NEVs), labeling the information requested as 'unprecedented' in terms of types, scope, and quantity. The Ministry stated that the EU's demands far exceed what is necessary for such probes, causing shock and disappointment among Chinese firms. China has indicated it will take all necessary measures to safeguard the legitimate rights of its companies. The statement was made on Thursday.
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Retaliatory tariffs • 25%
Diplomatic negotiations • 25%
No action taken • 25%
Other economic measures • 25%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Business bans • 25%
Asset freezes • 25%
Travel restrictions • 25%
No sanctions imposed • 25%