Europe's tariffs on Chinese-made EVs are already dragging down business sentiment among Chinese companies—and the new taxes aren't even in effect yet.
A recent survey from the China Economic Service and the China Chamber of Commerce to the EU reports that 82% of Chinese vehicle and industry chain firms are less confident about investing in Europe in the near future, due to the tariffs. Eighty-three percent say that their European partners are now worried about cooperating with Chinese companies, while 73% reported drops in European sales.
