EU reportedly set to impose tariffs on Chinese electric car imports

BUSINESS © FRANCE 24

Several media outlets are reporting that the European Commission will notify carmakers this Wednesday that it will impose provisional import duties on Chinese electric vehicles next month. The move is based on a probe the EU has conducted amid accusations that Chinese carmakers benefit from an unfair advantage thanks to heavy state subsidies and tax breaks. Also in this edition, we look at the debt distress facing many African states at a time of high interest rates and inflation.